Archery Equipment Market Size, Share

Aug 23, 2023

IMARC Group, a leading market research company, has recently releases report titled “Archery Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the archery equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

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.

Archery equipment refers to the tools, accessories, and gear used in the practice of archery. It includes various items essential for shooting arrows accurately and safely. The primary component of archery equipment is the bow, which can be traditional (longbow or recurve bow) or modern (compound bow). Other essential equipment includes arrows, which are shot from the bow, and a bowstring to propel the arrows. Archery accessories encompass items like arrow rests, sights, stabilizers, release aids, quivers, and protective gear such as arm guards and finger tabs. Each piece of archery equipment plays a crucial role in enhancing accuracy, performance, and safety for archers of different skill levels.

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The archery equipment industry showcases promising growth prospects and evolving trends. Firstly, the increasing popularity of archery as a recreational activity and a competitive sport drives the demand for archery equipment. Growing participation in archery clubs, events, and tournaments contributes to the industry’s growth. Secondly, advancements in technology have led to the development of innovative and high-performance archery equipment, such as compound bows with improved accuracy and adjustable features. Thirdly, there is a rising trend towards customization and personalization in archery equipment, allowing users to tailor their bows and accessories to their preferences and shooting style.

Additionally, the growing interest in traditional and historical archery techniques has resulted in a demand for traditional bows and traditional archery accessories. The incorporation of sustainable and eco-friendly materials in manufacturing archery equipment also aligns with the trend towards environmental consciousness. Overall, these factors indicate positive growth and evolving trends within the archery equipment industry.

The report has segmented the market into the following categories:

Breakup by Product:

Breakup by End User:

Breakup by Distribution Channel:

Breakup by Region:

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The report covers the major market players including:

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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