Global Binoculars Market 2019-2023

Global Binoculars Market 2019-2023

  • November 2018 •
  • 122 pages •
  • Report ID: 4912747
About this market
Vendors are making efforts to raise the customer base and demand for their products and gain the attention of a large number of customers through innovating technologies. During the first five years, several vendors introduced ergonomic designs. This provided a reliable performance of their products and contributed to aesthetic factors.

Technavio’s analysts have predicted that the global binoculars market will register a CAGR of over 5% by 2023.

Market overview
Rising popularity of outdoor recreational activities
The stressful hectic lifestyles of people is compelling them to participate in outdoor recreational activities that helps them to de-stress themselves. As result, they are engaging in leisure and outdoor activities. The growth in tourism industry will result in an increased demand for binoculars.
Rise in the use of substitute products
Some of the substitute products such as monocular are portable and light weight in comparison to binoculars. They also offer an improved viewing performance. This is one of factors hindering the market.

For the detailed list of factors that will drive and challenge the growth of the global binoculars market during 2019-2023, view our report.

Completive landscape
The market appears to be fragmented with the presence of many companies. Factors such as the increasing focus on innovating technologies and rising popularity of outdoor recreational activities, will provide considerable growth opportunities to binoculars market manufacturers. BERETTA HOLDING, Celestron, Nikon, VISTA OUTDOOR OPERATIONS, and Vortex Optics are some of the major companies covered in this report.