What is Global Archery Equipment and Accessories Market?
The Global Archery Equipment and Accessories Market encompasses a wide range of products used in the sport of archery. This market includes various types of bows, arrows, and other accessories that enhance the archery experience. Archery, an ancient practice, has evolved into a popular sport and recreational activity worldwide. The market is driven by factors such as increasing participation in archery sports, rising interest in hunting, and the growing popularity of archery as a leisure activity. Technological advancements in archery equipment, such as the development of more durable and accurate bows and arrows, have also contributed to market growth. Additionally, the market is influenced by cultural factors, with archery being a significant part of traditional practices in many regions. The global archery equipment and accessories market is diverse, catering to both professional athletes and recreational enthusiasts, and is expected to continue growing as interest in the sport increases.
Recurve Bow, Compound Bow, Barebow, Arrows, Others in the Global Archery Equipment and Accessories Market:
The Global Archery Equipment and Accessories Market includes various types of bows and arrows, each serving different purposes and preferences. The recurve bow, known for its distinctive curved tips, is widely used in Olympic archery and traditional archery practices. It offers a smooth draw and release, making it a favorite among beginners and experienced archers alike. The compound bow, on the other hand, is a modern innovation featuring a system of pulleys and cables that reduce the effort needed to draw the bow. This makes it highly efficient and accurate, making it popular among hunters and competitive archers. Barebows are simpler versions of recurve bows, without any additional accessories like sights or stabilizers, and are often used in traditional and instinctive archery. Arrows, the essential projectiles used with bows, come in various materials such as wood, aluminum, and carbon, each offering different levels of durability and performance. Other accessories in the market include quivers, which hold the arrows, sights for aiming, stabilizers to balance the bow, and release aids to improve accuracy. These accessories enhance the overall archery experience, making it more enjoyable and effective. The market caters to a wide range of archers, from those who practice archery as a hobby to professional athletes who compete at the highest levels. The diversity in equipment and accessories ensures that there is something for everyone, regardless of their skill level or purpose.
Hunting, Sports, Others in the Global Archery Equipment and Accessories Market:
The usage of Global Archery Equipment and Accessories Market spans various areas, including hunting, sports, and other recreational activities. In hunting, archery equipment such as compound bows and crossbows are popular due to their precision and power. Hunters prefer these bows for their ability to take down game silently and efficiently. The use of archery in hunting also appeals to those who seek a more traditional and challenging hunting experience. In sports, archery is a competitive activity featured in events like the Olympics, World Archery Championships, and various national and regional tournaments. Recurve bows are commonly used in these competitions, with athletes relying on their skill and precision to hit targets accurately. The sport of archery promotes physical fitness, concentration, and mental discipline, making it a popular choice for individuals of all ages. Other recreational uses of archery include backyard shooting, archery tag, and historical reenactments. Backyard shooting allows individuals to practice their skills in a relaxed environment, while archery tag is a fun and safe game that combines elements of dodgeball and archery. Historical reenactments often feature traditional archery equipment, allowing participants to experience the sport as it was practiced in the past. The versatility of archery equipment and accessories makes them suitable for a wide range of activities, catering to different interests and preferences.
Global Archery Equipment and Accessories Market Outlook:
The global Archery Equipment and Accessories market was valued at US$ 360 million in 2023 and is anticipated to reach US$ 547.2 million by 2030, witnessing a CAGR of 6.5% during the forecast period 2024-2030. This significant growth reflects the increasing popularity of archery as both a sport and a recreational activity. The market's expansion is driven by various factors, including technological advancements in equipment, rising participation in archery sports, and the growing interest in hunting. The development of more durable and accurate bows and arrows has made the sport more accessible and enjoyable for enthusiasts. Additionally, cultural factors and traditional practices in many regions contribute to the market's growth. The diverse range of products available, from recurve bows to compound bows and various accessories, caters to a wide audience, ensuring that there is something for everyone. As interest in archery continues to rise, the market is expected to see sustained growth, providing opportunities for manufacturers and retailers to innovate and expand their offerings.
| Report Metric | Details |
| Report Name | Archery Equipment and Accessories Market |
| Accounted market size in 2023 | US$ 360 million |
| Forecasted market size in 2030 | US$ 547.2 million |
| CAGR | 6.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Escalde, Outdoor Group, Easton Archery, Bear Archery, GOLDTIP, Mathews Archery, New Archery Products, Precision Shooting Equipment, Alpine Archery, Axion Archery, The Bohning Company, Carbon Tech, Copper John, Legend Archery |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
