Riflescopes Market

Burris Company (US) and Leupold & Stevens, Inc. (US) are leading players in Riflescopes Market

The global riflescopes market size is projected to grow from USD 6.5 billion in 2019 to USD 7.9 billion by 2025, at a CAGR of 3.4% from 2019 to 2025. The advancements in technology for precision attack and their increasing demand for hunting and shooting sports are some of the factors expected to drive the growth of the riflescopes industry.

Key players in the riflescopes market include Hawke Optics (UK), Hensoldt (Germany), Leupold & Stevens, Inc.(US), Nightforce Optics (US), Burris Company (US), and Bushnell (US), among others. New product launch was the key strategy adopted by leading market players to strengthen and sustain their position in the riflescopes market. Additionally, these players have been focusing on launching new products for their organic growth. For instance, in January 2018, Leupold & Stevens, Inc. launched a new riflescope, Mark 5, which provides 5x zoom with a significant reduction in the scope weight, making it an attractive option for snipers. In March 2019, Aimpoint launched Acro C-1 sight to the commercial market at the IWA Outdoor Classics in Nuremberg, Germany.

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Burris Company (US) is a major player in the riflescopes market. Burris Company is a privately held optics company that designs and manufactures sporting optics. It offers a complete line of premium optics, including riflescopes, handgun scopes, spotting scopes, mounts, and accessories for hunting, competition, law enforcement, and military. The company’s product line includes hunting and tactical riflescopes, red-dot and reflex sights, and a complete range of rings and bases. In 2013, the company launched its newly developed products, which include AR Riflescopes, AR-1X Prism Sight, C4 Plus Riflescopes, Droptine Riflescopes, MSR Riflescopes, Predator Quest Riflescopes, Veracity Riflescopes, and XTR II Riflescopes.

Leupold & Stevens, Inc. (US) is a major player in the riflescopes market. It is an American family-owned, fifth-generation company that has been designing, machining, and assembling precision optical instruments and other products for more than 100 years. The company was formed in 1907 and is headquartered in Beaverton, Oregon (US). The company’s products include telescopic sights, red dot sights, spotting scopes, and binoculars, whose applications include armed forces, shooting sports, and hunting. These scopes are used by the US Army, the US Secret Service, and the US Navy SEALS. The company also offers surveying equipment, riflescopes, and related products, which are sold under the "Leupold" name; and water monitoring instrumentation, such as level and flow recorders, which are marketed under the "Stevens" brand.

Related Reports:

Riflescopes Market by Sight Type (Telescopic, Reflex), Technology (Electro-Optic/IR, Thermal Imaging, Laser), Application (Hunting, Armed Forces, Shooting Sports), Range (Short, Medium, Long), and Region - Global Forecast to 2025

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Report Code
AS 5062
RI Published ON
9/27/2019
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