Global Sports Optic Market is expected to rise from its initial estimated value of USD 1.75 billion in 2018 to an estimated value of USD 2.19 billion by 2026, registering a CAGR of 2.85% in the forecast period of 2019-2026. Enhanced fan engagement is the major factor for the growth of this market.
There is increase in the usage of sports optics in games due to which there is an increase in the growth of the market. These sports optics are widely used in telescopes, binoculars, rifle scopes and rangefinders. Due to increasing water and snow sports there is increase in the demand for telescopes among consumers.
Major Market Drivers:
- Increasing usage of sports optics in various games is driving the market
- Technological advancement and development is also driving the market
- High cost of the sports optics is restraining the market growth
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Major Key players profiled in this report are:
Nikon Corporation, Carl Zeiss AG, LEUPOLD & STEVENS, INC, Bushnell, Trijicon, Celestron, LLC, Burris Company., Leica Camera AG, SWAROVSKI OPTIK, American Technologies Network Corporation, Hawke., Vortex Optics, Nightforce Optics, Athlon, Meopta, FLIR Systems, Inc, SIG SAUER, EOTech Inc.
Global sports optic market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sports optic market for global, Europe, North America, Asia Pacific and South America.
Segmentation: Global Sports Optic Market
- By Products
- Rifle Scopes
- By Games
- Shooting Sports
- Water Sport
- Wheel Sport
- Snow Sport
- Horse Racing
- By Geography
- North America
- North America
- South America
- Rest of South America
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Global Sports Optic Market research report estimates a considerable growth of market in percentage during the forecast period of 2019-2026. This market report brings about the list of the top competitors and presents the insights on strategic industry analysis of the key factors influencing the market. Qualitative and transparent research studies are performed devotedly to offer you the excellent market research report for your niche. This market research report conducts a precise analysis of current scenario of the market, which covers several market dynamics. In this report, market drivers and market restraints are studied carefully along with the analysis of the market structure.
Data Bridge Market Research