PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1226503
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1226503
Global Sports Optic Market is valued approximately USD 2.01 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 2.8% over the forecast period 2022-2029. Sports Optic sport is gaining traction mainly due to its facilities offered to athletes such as improve the sports performance, and also adds specifications like sharpness, portability, clarity, and magnification. The Sports Optic market is expanding because of factors such as growing international sports events and rising government spending on sports infrastructure.
Sportspersons and athletes commonly use optical equipment such as binoculars and riflescopes to carry out competitive shooting and sightseeing activities. Its prevalence has progressively increased during the last few years. According to the Statista, in 2020, the sports venues and facilities construction sector in China reached to USD 14.09 billion. As, it was driven by China's growing interest in sports and fitness activities, the construction of sports venues, fitness trails, sports parks and other fitness facilities has been scaled up gradually. Another important component driving space is rising government spending on sports infrastructure. In financial year 2022, sports expenditure in India was about USD 210 million increased from the previous financial year. The largest share of this expense went towards Khelo India project under sports authority of India that promotes development of sports activities in the region. However, availability of in-house entertainment system stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Sports Optic Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the early adoption of advanced sports optic products and the high availability of golf courses in the region. According to the Statista, in 2022, the market size of the golf course and country club industry in the United States stood at USD 26.21 billion. Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as the rising number of sports activities, constant technological advancements and growing youth population interest in sports event in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable