Archery Equipment Market – Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Equipment Type (Bow, Arrows, Broadheads, Crossbow), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, Others), By Region & Competition, 2019-2029F

Industry : Consumer Goods and Retail
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Published Date : NA

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Summary

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Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 2.37 Billion
Market Size (2029)	USD 2.97 Billion
CAGR (2024-2029)	3.89%
Fastest Growing Segment	Online
Largest Market	North America

Market Overview

Global Archery Equipment Market was valued at USD 2.37 billion in 2023 and is projected to reach USD 2.97 billion by 2029, growing at a CAGR of 3.89% throughout the forecast period. This surge in demand for archery equipment is largely driven by the rising appeal of archery as both a competitive and recreational activity. The inclusion of archery in the Olympics and other prominent international competitions has significantly elevated its visibility, spurring interest among a broad audience to engage in the sport. Additionally, archery has seen significant popularity as a leisure pursuit, captivating individuals looking for outdoor activities or unique, stress-relieving exercises. The growing interest is especially pronounced in areas with entrenched traditions in hunting and outdoor sports, where archery aligns seamlessly with cultural pastimes.

The market's robust expansion is also fueled by the increasing allure of archery as a recreational sport. Although archery has deep historical roots, it has evolved into a modern, engaging activity that attracts a diverse age group. The sport’s unique combination of precision, concentration, and physical agility has intrigued many, prompting enthusiasts to invest in top-notch archery gear. As people seek novel ways to spend their free time, archery offers a unique blend of physical exercise and mental engagement, further driving demand for bows, arrows, targets, and related accessories.

Advancements in technology have made archery more accessible and appealing to a wider audience. Innovations such as compound bows, crossbows, and sophisticated sight systems have enhanced the performance and customization options for archers, making the sport more enjoyable and easier to learn. These technological advancements have been instrumental in attracting both novice enthusiasts and experienced archers seeking high-performance equipment. Additionally, archery's unique combination of physical fitness and mental focus aligns with growing trends in mindfulness and wellness, drawing in participants interested in activities that promote concentration, discipline, and coordination.

The increase in competitive archery and the establishment of supportive infrastructure around the sport have also driven up demand. The proliferation of regional, national, and international competitions has resulted in a growing number of individuals engaging in archery at competitive levels, leading to higher sales of specialized, high-quality equipment. The availability of dedicated archery ranges, expert instructors, and online tutorials has made learning and practicing archery more accessible than ever. This supportive ecosystem encourages more people to take up and continue with the sport, further propelling market growth.

Key Market Drivers

Growing Popularity as a Sport and Recreational Activity

The increasing popularity of archery as a competitive sport and recreational activity is a major market driver. With archery's inclusion in the Olympics and other major international events, the sport has gained significant visibility and inspired a large number of individuals to take it up. Diverse demographic groups are attracted to archery, investing in high-quality gear that enhances their experience. The sport’s blend of precision, focus, and physical agility captures the interest of enthusiasts, leading to higher expenditures on archery equipment. For instance, According to the U.S. Bureau of Labor Statistics, in 2022, nearly every individual aged 15 and older engaged in leisure and sports activities on an average day. Moreover, archery has gained ground as a recreational activity that offers a potent combination of physical exercise and mental relaxation. This heightened interest is particularly strong in regions with rich hunting traditions and outdoor sports culture, where archery fits naturally into local pastimes.

Technological Advancements Enhancing Accessibility

Technological advancements have played a critical role in broadening the appeal and accessibility of archery. Innovations like compound bows, crossbows, and advanced sight systems have significantly boosted the performance and customization options available to archers, making the sport more engaging and easier to learn. High-performance equipment attracts both newcomers and seasoned archers looking to enhance their skills. Additionally, the sport’s combination of physical fitness and mental focus aligns perfectly with current trends in mindfulness and wellness, drawing individuals keen on activities that improve concentration, discipline, and coordination.

Supportive Infrastructure and Rising Competitive Archery

The rise in competitive archery, supported by strong infrastructure, has also spurred increased demand for archery equipment. With a growing array of regional, national, and international competitions, more people are participating at competitive levels, leading to an uptick in sales of specialized and high-quality gear. The easy availability of dedicated archery ranges, skilled instructors, and online tutorials has made learning and practicing archery more accessible. This well-established ecosystem motivates more individuals to take up and persist in the sport, continually driving market growth.

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Key Market Challenges

Accessibility and Cost Barrier

Despite the growing popularity of archery, the high cost of quality equipment remains a significant barrier, limiting accessibility for many potential participants. Technological advancements have indeed made archery more enjoyable and efficient, but the expense of advanced bows, arrows, and accessories can be prohibitive. This financial barrier restricts access, particularly for younger enthusiasts or those keen on trying the sport as a casual hobby. Such cost concerns can impede the sport’s growth by deterring new entrants who may be hesitant to invest heavily without committing to long-term participation.

Seasonal Nature and Weather Dependence

Another notable challenge is the seasonal nature and weather dependence of archery. Predominantly an outdoor activity, archery is vulnerable to weather variations, which can significantly impact participation. Extreme weather conditions such as harsh winters, intense heat, or rainy seasons can discourage regular engagement in the sport, thus affecting sales and usage of archery equipment. While indoor ranges offer an alternative, their limited availability and associated costs pose challenges for consistent practice in varying climates.

Key Market Trends

Rising Interest in Outdoor Hobbies and Leisure Activities

The growing interest in outdoor hobbies and leisure activities is a significant trend fueling the archery equipment market. Urban dwellers seeking an escape from the hustle and bustle of city life are increasingly turning to activities that connect them with nature. Archery, thanks to its mix of physical exercise and mental relaxation, appeals strongly to individuals looking for unique, stress-relieving pastimes. This trend is particularly strong in regions with rich traditions of hunting and outdoor sports where archery complements local cultural and recreational activities.

Integration of Advanced Technologies in Archery Equipment

The continual integration of advanced technologies into archery equipment is a notable trend shaping the market. The development of compound bows, crossbows, and sophisticated sight systems has greatly improved the range of customization and performance options available to archers. These technological innovations make the sport more enjoyable and easier to master, attracting both new enthusiasts and experienced archers seeking high-performance gear. This trend aligns with broader societal preferences for precision, efficiency, and user-friendliness in sports and recreational activities.

Segmental Insights

Equipment Type Insights

In terms of equipment, the bows segment led the market with a substantial revenue share in 2023. Technological innovations in bow design, such as enhancements in compound and recurve bows, as well as crossbows with features like adjustable draw weights, improved accuracy, and enhanced durability, have made archery more accessible and appealing. These advancements have attracted both novice and seasoned archers, increasing the demand for advanced bows. Moreover, the expansion of archery programs in educational institutions, camps, and community organizations, coupled with the rising number of regional, national, and international competitions, has resulted in a growing number of participants and a consistent demand for bows to cater to both beginners and experienced archers.

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Regional Insights

North America commanded the archery equipment with a largest market. The rising popularity of archery as a recreational sport in North America has captivated a broad audience, including families, youth groups, and outdoor enthusiasts. The sport’s easy accessibility combined with its emphasis on skill development, mental focus, and physical activity makes it an attractive option for individuals seeking a new hobby. The U.S. archery equipment market is projected to grow at the fastest CAGR during the forecast period. Strong support from various programs and organizations such as schools, camps, community centers, and archery clubs in the U.S. promotes the sport and makes it more accessible to newcomers, encouraging continuous participation and driving the demand for archery equipment.

Recent Developments

In Jan 2024, ATA Show introduced 156 new archery and bowhunting products, showcasing innovations like the StealthRig Lite bow carrier and Hypo 2 Blade broadhead. The event highlighted advancements in lightweight climbing sticks, custom bow designs, and technology like the QuivAR shot analysis app, reflecting growing consumer demand for specialized gear.

In July 2024, TenPoint has revolutionized the industry with its innovative Twin-Riser Technology featured in the TRX 515 and TX 440 models. By incorporating symmetrical top and bottom plates in place of a traditional solid, one-piece riser, TenPoint has redefined conventional design principles.

In February 2023, PSE Archery was acquired by Heritage Outdoors Group, a newly established holding company aimed at acquiring top brands in the outdoor sector. This acquisition will substantially enhance Heritage Outdoors Group's portfolio in the archery market, offering customers a broader selection of products featuring advanced technology and established performance.

Key Market Players

Easton Technical Products, Inc.
Mathews Archery, Inc.
Bear Archery, Inc.
Heritage Outdoor Group LLC
Bowtech, Inc.
Ragim S.r.l.
Tenpoint Crossbow Technologies
Southwest Archery
Good Sportsman’s Marketing, LLC (Apex Gear)
Elite Outdoors LLC

By Equipment Type

By Sales Channel

By Region

Arrows

Broadheads

Crossbow

Supermarkets/Hypermarkets

Specialty Stores

Online

Others

North America

Asia Pacific

Europe

South America

Middle East & Africa

Report Scope:

In this report, the Global Archery Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Archery Equipment Market, By Equipment Type:

o Bow

o Arrows

o Broadheads

o Crossbow

Archery Equipment Market, By Sales Channel:

o Supermarkets/Hypermarkets

o Specialty Stores

o Online

o Others

Archery Equipment Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Asia-Pacific

§ China

§ Japan

§ India

§ Australia

§ South Korea

§ Indonesia

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o South America

§ Argentina

§ Colombia

§ Brazil

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Archery Equipment Market.

Available Customizations:

Global Archery Equipment Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Archery Equipment Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer

4.1. Brand Awareness

4.2. Factor Influencing Purchase Decision

5. Global Archery Equipment Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Equipment Type Market Share Analysis (Bow, Arrows, Broadheads, Crossbow)

5.2.2. By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Specialty Stores, Online, Others)

5.2.3. By Regional Market Share Analysis

5.2.3.1. North America Market Share Analysis

5.2.3.2. Europe Market Share Analysis

5.2.3.3. Asia Pacific Market Share Analysis

5.2.3.4. Middle East & Africa Market Share Analysis

5.2.3.5. South America Market Share Analysis

5.2.4. By Top 5 Companies Market Share Analysis, Others (2023)

5.3. Global Archery Equipment Market Mapping & Opportunity Assessment

5.3.1. By Equipment Type Market Mapping & Opportunity Assessment

5.3.2. By Sales Channel Market Mapping & Opportunity Assessment

5.3.3. By Regional Market Mapping & Opportunity Assessment

6. North America Archery Equipment Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Equipment Type Market Share Analysis

6.2.2. By Sales Channel Market Share Analysis

6.2.3. By Country Market Share Analysis

6.3. North America: Country Analysis

6.3.1. United States Archery Equipment Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Equipment Type Market Share Analysis

6.3.1.2.2. By Sales Channel Market Share Analysis

6.3.2. Canada Archery Equipment Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Equipment Type Market Share Analysis

6.3.2.2.2. By Sales Channel Market Share Analysis

6.3.3. Mexico Archery Equipment Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Equipment Type Market Share Analysis

6.3.3.2.2. By Sales Channel Market Share Analysis

7. Asia Pacific Archery Equipment Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Equipment Type Market Share Analysis

7.2.2. By Sales Channel Market Share Analysis

7.2.3. By Country Market Share Analysis

7.3. Asia Pacific: Country Analysis

7.3.1. China Archery Equipment Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Equipment Type Market Share Analysis

7.3.1.2.2. By Sales Channel Market Share Analysis

7.3.2. Japan Archery Equipment Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Equipment Type Market Share Analysis

7.3.2.2.2. By Sales Channel Market Share Analysis

7.3.3. India Archery Equipment Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Equipment Type Market Share Analysis

7.3.3.2.2. By Sales Channel Market Share Analysis

7.3.4. Australia Archery Equipment Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Equipment Type Market Share Analysis

7.3.4.2.2. By Sales Channel Market Share Analysis

7.3.5. South Korea Archery Equipment Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Equipment Type Market Share Analysis

7.3.5.2.2. By Sales Channel Market Share Analysis

7.3.6. Indonesia Archery Equipment Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Equipment Type Market Share Analysis

7.3.6.2.2. By Sales Channel Market Share Analysis

8. Europe Archery Equipment Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Equipment Type Market Share Analysis

8.2.2. By Sales Channel Market Share Analysis

8.2.3. By Country Market Share Analysis

8.3. Europe: Country Analysis

8.3.1. France Archery Equipment Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Equipment Type Market Share Analysis

8.3.1.2.2. By Sales Channel Market Share Analysis

8.3.2. United Kingdom Archery Equipment Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Equipment Type Market Share Analysis

8.3.2.2.2. By Sales Channel Market Share Analysis

8.3.3. Italy Archery Equipment Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Equipment Type Market Share Analysis

8.3.3.2.2. By Sales Channel Market Share Analysis

8.3.4. Germany Archery Equipment Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Equipment Type Market Share Analysis

8.3.4.2.2. By Sales Channel Market Share Analysis

8.3.5. Spain Archery Equipment Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Equipment Type Market Share Analysis

8.3.5.2.2. By Sales Channel Market Share Analysis

9. South America Archery Equipment Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Equipment Type Market Share Analysis

9.2.2. By Sales Channel Market Share Analysis

9.2.3. By Country Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Argentina Archery Equipment Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Equipment Type Market Share Analysis

9.3.1.2.2. By Sales Channel Market Share Analysis

9.3.2. Colombia Archery Equipment Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Equipment Type Market Share Analysis

9.3.2.2.2. By Sales Channel Market Share Analysis

9.3.3. Brazil Archery Equipment Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Equipment Type Market Share Analysis

9.3.3.2.2. By Sales Channel Market Share Analysis

10. Middle East & Africa Archery Equipment Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Equipment Type Market Share Analysis

10.2.2. By Sales Channel Market Share Analysis

10.2.3. By Country Market Share Analysis

10.3. Middle East & Africa: Country Analysis

10.3.1. South Africa Archery Equipment Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Equipment Type Market Share Analysis

10.3.1.2.2. By Sales Channel Market Share Analysis

10.3.2. Saudi Arabia Archery Equipment Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Equipment Type Market Share Analysis

10.3.2.2.2. By Sales Channel Market Share Analysis

10.3.3. UAE Archery Equipment Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Equipment Type Market Share Analysis

10.3.3.2.2. By Sales Channel Market Share Analysis

10.3.4. Turkey Archery Equipment Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Equipment Type Market Share Analysis

10.3.4.2.2. By Sales Channel Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Impact of COVID-19 on Global Archery Equipment Market

12.1. Impact Assessment Model

12.1.1. Key Segments Impacted

12.1.2. Key Region Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1. Company Profiles

14.1.1. Easton Technical Products, Inc.

14.1.1.1. Company Details

14.1.1.2. Products

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Key Market Focus & Geographical Presence

14.1.1.5. Recent Developments

14.1.1.6. Key Management Personnel

14.1.2. Mathews Archery, Inc.

14.1.2.1. Company Details

14.1.2.2. Products

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Key Market Focus & Geographical Presence

14.1.2.5. Recent Developments

14.1.2.6. Key Management Personnel

14.1.3. Bear Archery, Inc.

14.1.3.1. Company Details

14.1.3.2. Products

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Key Market Focus & Geographical Presence

14.1.3.5. Recent Developments

14.1.3.6. Key Management Personnel

14.1.4. Heritage Outdoor Group LLC

14.1.4.1. Company Details

14.1.4.2. Products

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Key Market Focus & Geographical Presence

14.1.4.5. Recent Developments

14.1.4.6. Key Management Personnel

14.1.5. Bowtech, Inc.

14.1.5.1. Company Details

14.1.5.2. Products

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Key Market Focus & Geographical Presence

14.1.5.5. Recent Developments

14.1.5.6. Key Management Personnel

14.1.6. Ragim S.r.l.

14.1.6.1. Company Details

14.1.6.2. Products

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Key Market Focus & Geographical Presence

14.1.6.5. Recent Developments

14.1.6.6. Key Management Personnel

14.1.7. Tenpoint Crossbow Technologies

14.1.7.1. Company Details

14.1.7.2. Products

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Key Market Focus & Geographical Presence

14.1.7.5. Recent Developments

14.1.7.6. Key Management Personnel

14.1.8. Southwest Archery

14.1.8.1. Company Details

14.1.8.2. Products

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Key Market Focus & Geographical Presence

14.1.8.5. Recent Developments

14.1.8.6. Key Management Personnel

14.1.9. Good Sportsman’s Marketing, LLC (Apex Gear)

14.1.9.1. Company Details

14.1.9.2. Products

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Key Market Focus & Geographical Presence

14.1.9.5. Recent Developments

14.1.9.6. Key Management Personnel

14.1.10. Elite Outdoors LLC

14.1.10.1. Company Details

14.1.10.2. Products

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Key Market Focus & Geographical Presence

14.1.10.5. Recent Developments

14.1.10.6. Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1. Key Focus Areas

15.2. Target By Equipment Type

15.3. Target By Sales Channel

16. About Us & Disclaimer

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Press Release

Archery Equipment Market to Grow with a CAGR of 3.89% through 2029

Nov, 2024

The global archery equipment market is experiencing growth due to increasing interest in archery as a sport, advancements in equipment technology, rising outdoor recreational activities, and growing

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