Binoculars are a pair of identical or mirror-symmetrical telescopes mounted side-by-side and aligned to point accurately in the same direction, allowing the viewer to use both eyes ( binocular vision ) when viewing distant objects. Binoculars have countless practical applications for both hobbyists and professionals.
The binoculars industry concentration is relatively low and high-end products are mainly from US and EU. In 2016, the top ten sales volume market share was 34.68 %. In the world wide, most manufacturers are distributed in EU, US, Japan and China. US has a long history and unshakable status in this industry, like Bushnell and Tasco, both have perfect products. And in EU, the Pulsar, Steiner and Zeiss are among the giant manufacturers. As for China, Bosma lead the industry, followed by TianLang and Visionking.
The binocular are used in hunting & shooting series, outdoor series, marine series and tactical and military series. The main application is outdoor segment, which accounts for about 35.44% in 2016. The second application is the hunting & shooting filed with consumption volume market share 20.50% in 2016.
All manufacturers in the world are committed to the improvement of their product. Chinese manufacturers can almost catch up with the world's leading technology too.
Fifth, we tend to believe this industry is now close to mature, and the degree of increasing consumption will show a smooth curve. All manufacturers in the world are committed to the improvement of their product. Chinese manufacturers can almost catch up with the world's leading technology too. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in the gross margin.
In 2017, the global Binoculars market size was 1220 million US$ and it is expected to reach 1350 million US$ by the end of 2025, with a CAGR of 1.3% during 2018-2025.
This report focuses on the global top players, covered
CAS Nanjing Astronomical Instruments
Yunnan Yuanjin Optical Instruments
Jaxy Optical Instrument
Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
Roof Prism Binoculars
Porro Prism Binoculars
Market segment by Application, split into
Hunting & shooting Series
Tactical and Military Series
The study objectives of this report are:
To study and forecast the market size of Binoculars in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Binoculars are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Binoculars Subcomponent Manufacturers
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Binoculars market, by end-use.
Detailed analysis and profiles of additional market players.