Global Archery Equipment Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global archery equipment market is anticipated to grow at a CAGR of 6% during the forecast period (2022-2028). This equipment is sports articles or tools used to play archery sports. The major factor expected to drive the market growth is the rising preference for archery as a recreational sport among the masses, the increasing female participation in local tournaments, and international competitive events. In addition, the governments of both developed and emerging nations are also implementing various policies and programs to promote archery as a professional sport and increase public participation. These are some factors that propel the growth of the global archery equipment market during the forecast period. Furthermore, aggressive promotional activities by manufacturers, along with the development of online retail channels that provide a hassle-free shopping experience while displaying a wide range of products to the consumers along with the constant upgradation and innovation in archery equipment also support the global archery equipment to grow further during the forecast period. Moreover, the archery equipment market is expected to grow during the forecast period owing to its numerous advantages to players such as improvement in hands and eye coordination, supports to build strength, focus, and patients, and it also improves confidence, and boost self-esteem.

Some major players in the market include Crosman Corp., Mathews Archery, Inc., and Precision Shooting Equipment Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in 2022, Precision Shooting Equipment Inc. announced the launch of the PSE Supra RTX. Further, the company added that the PSE Supra RTX was engineered on the world championship-winning supra focus platform and had designed the new RTX to be even more stable and consistent than its predecessors.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product Type
  • By End-User
  • By Sales Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

• Competitive Landscape- Crosman Corp., Mathews Archery, Inc., and Precision Shooting Equipment Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Archery Equipment Market Report by Segment

By Product Type

• Bows and Bow Accessories
• Arrows
• Others

By End-User

• Individual Consumers
• Sports Club and Gaming Zones
• Sports Organizers

By Sales Channel

• Online
• Offline