IMARC Group, a leading market research company, has recently releases report titled “Archery Equipment Market Report by Product (Bows and Bow Accessories, Arrows, and Others), End User (Individual Consumer, Clubs and Gaming Zones, Sports Organizers), Distribution Channel (Speciality and Sports Shops, Departmental and Discount), and Region 2023-2028” The study provides a detailed analysis of the industry, including the archery equipment market growth, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the archery equipment market?

The global archery equipment market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

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What is archery equipment?

Archery equipment comprises various tools and accessories designed for the sport of archery. This includes bows, arrows, quivers, targets, and protective gear such as arm guards and gloves. The equipment is engineered to meet the rigorous demands of both amateur and professional archers, providing the necessary precision and accuracy required in the sport. Bows, for example, come in multiple types like recurve, compound, and longbows, each with distinct advantages and disadvantages. Arrows are also crafted from materials like wood and aluminum to carbon fiber, with each material offering unique benefits in terms of speed, stability, and durability. These tools are critical for performance, safety, and training in the realm of archery. At present, the application of archery equipment extends beyond sport, finding use in hunting and, occasionally, in military and law enforcement exercises.

What are the growth prospects and trends in the archery equipment industry?

The global archery equipment is primarily driven by the growing interest in archery as a recreational activity, supported by its increasing coverage in international sporting events like the Olympics. Moreover, the rising popularity of outdoor and adventure sports is accelerating the sales of archery gear as more individuals seek to engage in activities that challenge their skills and provide an adrenaline rush. Additionally, technological advancements in archery equipment, such as the development of more aerodynamic arrows and bows with greater draw strength, are fueling market growth by attracting a broader audience. Furthermore, the introduction of eco-friendly and sustainable archery equipment variants is positively influencing consumer choices, thus propelling market growth.  

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

  • Bows and Bow Accessories
  • Arrows
  • Others

Breakup by End User:

  • Individual Consumer
  • Clubs and Gaming Zones
  • Sports Organizers

Breakup by Distribution Channel:

  • Speciality and Sports Shops
  • Departmental and Discount Stores
  • Online Stores
  • Others

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Bear Archery, Inc.
  • Crossman Corporation
  • Easton Technical Products, Inc.
  • Gold Tip LLC
  • Mathews Archery, Inc.
  • New Archery Products, Inc.
  • Precision Shooting Equipment, Inc.
  • The Outdoor Group LLC
  • The Bohning Company

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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