Riflescope

Riflescope

Global Riflescopes Market to Reach $7.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Riflescopes estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$7.5 Billion by 2027, growing at aCAGR of 4.4% over the period 2020-2027. Telescopic, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$6.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Reflex segment is readjusted to a revised 3.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 4.1% CAGR

The Riflescopes market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Select Competitors (Total 42 Featured) -

• BSA Optics, Inc.
• Burris Company
• Bushnell Outdoor Products
• Hawke Optics
• Hensoldt Sensors GmbH
• Leupold & Stevens, Inc.
• Nightforce Optics, Inc.
• Schmidt & Bender GmbH & Co. KG
• Vortex Optics
• Walther Arms, INC.

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