Global Rifle Scopes market will reach 6.0 billion US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/8/28

According to our survey, the global riflescope market is worth over $4.0 Billion USD in 2018. In 2018, the world sales volume of riflescope reached to 9718 K Units. Globally, riflescope producers are concentrated in USA, Japan and Germany. Leading players in riflescope industry are Bushnell, Leupold, Burris, Nikon and Schmidt-Bender.

Riflescope is a fragmented industry with a variety of manufacturers ranging from large multinational corporations to small privately owned companies. The top three producers account for 18.03% of the market in terms of revenue in 2018. Most companies involved in this industry are professional manufacturers of riflescope and binocular with no other major products, while some players are well known lens producers that supply high-quality products, such as Nikon and Zeiss.

The riflescope is driven by several factors, among which the most crucial ones are hunting, shooting sports and armed forces. Hunting is the major application of riflescope, which accounted for 25.21%. of world riflescope consumption in 2018 in terms of volume. Shooting sports and hunting have emerging to be a fast-growing market of riflescope in developed countries.

The global riflescope production value will increase to 6.0 Billion USD in 2025, from 4.0 Billion USD in 2018. It is estimated that the global riflescope demand will develop with an average growth rate of around 7.11% in the coming Six years.

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