USD 4.21 Billion
Archery Equipment Market Size, Share, and Growth Analysis
Archery Equipment Market By Equipment Type (Bows, Arrows), By Distribution Channel (Online Retail Stores, Other Distribution Channels), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25J2076 |
Region:
Global |
Published Date: November, 2024
Pages:
223
|Tables:
63
|Figures:
67
Format -
Archery Equipment Market Insights
Archery Equipment Market size was valued at USD 4.21 Billion in 2023 and is poised to grow from USD 4.47 Billion in 2024 to USD 7.17 Billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).
Archery is being adopted by all age groups and different genders, across the world. People have started admiring archery as a fun activity or sport. Apart from this, people have also realized that archery provides mental and physical health benefits. As, this sport helps in improving muscular strength, hand-eye coordination, and posture. Alongside, it also helps in enhancing the cognitive ability of the person. This factor acts as a major driver in the global archery equipment market.
The main restraint in the market is the high cost of the archery equipment. Archery equipment is expensive, due to which it is difficult for the middle class and people having low incomes to buy it. This thus limits the growth of the market. The predominant trend in the market is the growing focus on sustainability and eco-friendliness. To align with this trend as well as to meet the growing eco-friendly demand of the customers, the manufacturers are actively developing products from eco-friendly materials.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Individual Consumer
Fastest Growth
Individual Consumer
Growth Rate
6.1% CAGR
Global Archery Equipment Market ($ Bn)
Country Share for North America Region (%)
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Archery Equipment Market Segments Analysis
Global Archery Equipment Market is segmented by equipment type, distribution channel and region. Based on equipment type, the market is segmented into bows (compound bows, recurve bows, traditional bows, crossbows), arrows (target arrows, hunting arrows, recreational arrows), accessories (stabilizers, sights, armguards, quivers, bowstrings, broad heads) and targets (foam targets, 3d targets, paper targets). Based on distribution channel, the market is segmented into supermarkets, specialty stores, online retail stores and other distribution channels. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
By product, the market is segmented into bows and bow accessories, arrows, and others. Bows and Bow Accessories dominate the global archery equipment market. The bow is considered the primary tool in the archery activity. Apart from this, the continuous innovation in the designing, manufacturing, and material of bows, also marks the dominance of this sub-segment in the global archery equipment market. Considering the wide range of skill levels and shooting preferences, the customization option is available for bows. So, by catering to the desired needs and aspirations of archery, the bows, and bow accessories segment maintained its dominance.
Arrows are considered the fastest-growing sub-segment in the market. This is fuelled by the rise in the popularity of archery as a sports activity and the increasing number of archery enthusiasts worldwide. Apart from this, the advancement in the material and the design of the arrows also contributes to the growth of this sub-segment. Moreover, arrows are considered a consumable item, which requires a consistent replacement after a certain period. Therefore, arrows have a continuous demand.
Analysis by End-User
By end-user, the market is segmented into individual consumers, clubs and gaming zones, and sports organizers. Individual Consumer dominates the market, attributed to the major factor of personalization and customization that further allows individuals to modify the archery equipment, according to their skill levels and specific preferences. This helps in alleviating the overall experience of the customer by supporting them in achieving satisfaction. Moreover, the rise in the trend of outdoor and adventure activities has created the demand for archery equipment for individuals. While, social media platforms have also contributed to the market growth, by promoting archery equipment and influencing people to invest in it.
Clubs and Gaming Zones are considered the fastest-growing segment. This is attributed to the growing demand for archery in the clubs and gaming zones. As archery enthusiasts seek many facilities and archery equipment in the clubs and gaming zones to meet their needs adequately. This growing interest in archery establishments results in the expansion of the clubs and the gaming zone segment in the archery equipment market.
Global Archery Equipment Market By End-User
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Archery Equipment Market Regional Insights
The North American region dominates the global archery equipment market. This is attributed to the rich culture of outdoor activities and sports in the North American region. Apart from this, the North American region has various well-established archery clubs, Institutions, and associations. Also, in North America, there are a high number of investments in the research and development area, this further leads to the development of cutting-edge archery technology, thus improving the performance of equipment and alleviating the user experience.
Asia-Pacific is the fastest growing region, as the youth population inclining towards adventurous sports during their leisure time. This, results in the rise in the active participation of the youth in the archery activity, thus, contributing to the growth of the archery equipment market in this region. Furthermore, the major APAC regions like India, Singapore, Japan, and South Korea are continuously organizing the national and international level archery tournaments, this further encourages the participation of the archery enthusiasts.
Global Archery Equipment Market By Geography
- Largest
- Fastest
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Archery Equipment Market Dynamics
Drivers
Awareness about the physical and mental benefits of archery
- Worldwide, holistic benefits of archery are known. As, archery enhances mental well-being, and physical fitness, and provides relief from mental stress by improving muscular strength, posture, and hand-eye coordination. So, in this way archery allows the individual to foster self-improvement in terms of their health.
Increasing international sports events and inclusion of archery in school curriculum
- Rise in international sports events is mainly due to the increasing number of international sports events. The profile of the sports has been alleviated due to the dominance of archery in the tournaments and Olympics. Archery is getting incorporated into the curriculum of educational institutes. This thus creates a great demand for archery equipment.
Restraints
High Cost of Equipment's
- The cost of archery equipment is quite high, due to which the people belonging to low-income backgrounds, can’t be able to afford it. Archery is a great hobby of people nowadays, but the rising cost of the equipment results in lower adoption as well as the partnership of professional sports people.
Space Constraint Hampering Market Growth
- The standard range for practicing archery is 220 yards, this further creates the space constraint. As, such lengthy ranges require enough land, and it is quite difficult to have great space in urban areas. Alongside, it is difficult to foster construction on such lands as well as to maintain these. So, all these factors together put a limit on competitive archery participation. These further limits the sales of archery equipment.
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Archery Equipment Market Competitive Landscape
The archery equipment market has diverse players worldwide. These players include the manufacturers, distributers, and retailers, which fostered innovation and adequately meets the growing demand for the archery equipment. The key players in the market, attained the competitive edge by fostering technological advancement, through strategic partnerships, and collaborations. Apart from this, some of the activities that are performed by the key players are the effective pricing strategy, improved quality of product, and enhanced distribution reach. Through these ways, the key players are actively meeting the growing needs of the archery enthusiasts and thus, providing their significant contribution in the market. Some of the key players present in the market of car GPS navigation systems are:
Top Players in Archery Equipment Market
- Escalade, Inc.
- New Archery Products, Inc.
- PSE Archery, Inc.
- Vista Outdoor Inc.
- Easton Technical Products, Inc.
- Mathews Archery, Inc.
- Axion Archery
- Bear Archery
- Hoyt Archery
- Martin Archery
- Bowtech Archery
- Diamond Archery
- Excalibur Crossbow
- Black Gold Sights
- TightSpot Quivers
- RipCord Arrow Rest
- Octane Archery
- Carbon Express
- Gold Tip
- Trophy Ridge
Recent Developments
- In October 2023, announcement was made by Bear Archery regarding the lineup of the traditional compounds and crossbow equipment for the celebration of the 90th anniversary of the organization.
- In February 2023, Bow of NASP programs launched by Mathews Archery, the single–cam Genesis’s 15- to 30-inch draw length and 10- to 20-pound draw weight.
- In February 2023, Precision Shooting Equipment was acquired by the Heritage Outdoor Group. The purpose of this acquisition was to enhance both brands.
- In January 2022, An absolute agreement was signed by Escalade for the acquisition of the assets of Brunswick billiards business for fostering the expansion of the marketing strategies with a robust supply chain, logistics, research and development, and distribution.
Archery Equipment Key Market Trends
- Sustainability and Eco-friendliness: The ongoing trend is the increased focus on sustainability and eco-friendliness. Due to this, the manufacturers are emphasizing the manufacturing of products that have less harmful impact on the environment, by making use of renewable materials and through the adoption of practices that are sustainable. Environmentally friendly consumers result in an increased demand for the biodegradable and recyclable components in the archery equipment.
Archery Equipment Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Coordinates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Archery Equipment market analysis, the market is witnessing significant growth driven by factors such as the awareness about the mental and physical benefits of archery the increasing international sports events, and the inclusion of archery in the school curriculum. The holistic benefits that are associated with archery, thus compel people to adopt archery equipment. While the rise in sports events and the integration of archery as a sport in the school's curriculum, further increased the demand for archery equipment to support it. The restraints in the market are the high cost of equipment and the archery range. North America is the dominating region, this is due to the high number of outdoor activities and sports in this region. Asia-Pacific is the fastest growing, as the young population leans more towards adventurous activities during their leisure time. The major trend is the ongoing focus on sustainability and eco-friendliness. Considering the growing environment-conscious population, manufacturers are emphasizing the development of products using eco-friendly materials.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.21 Billion |
| Market size value in 2032 | USD 7.17 Billion |
| Growth Rate | 6.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Archery Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Archery Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Archery Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Archery Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Archery Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Archery Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Archery Equipment Market Report Snapshots
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