Archery Equipment Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, South Korea, Japan, UK, Brazil - Size and Forecast 2024-2028

Archery Equipment Market Size 2024-2028

The archery equipment market size is forecast to increase by USD 1.52 billion, at a CAGR of 7.5% between 2023 and 2028.

• The market is experiencing significant growth, driven primarily by the rising consumer trend towards adventure sports and hunting sports and equipments activities. This shift in consumer behavior has led to increased demand for archery equipment, as more individuals seek new and exciting experiences. Furthermore, the market's expansion is facilitated by the multi-channel distribution of archery equipment, allowing consumers greater access to products and convenience in their purchasing decisions. However, the market also faces challenges, most notably the presence of counterfeit products. The proliferation of fake archery equipment poses a significant threat to both consumers and legitimate manufacturers.
• These counterfeit products not only undermine brand reputation but also compromise safety, potentially leading to accidents and injuries. As such, market participants must prioritize measures to mitigate this challenge, ensuring the authenticity and safety of their products to maintain consumer trust and loyalty.

What will be the Size of the Archery Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with modern advancements and applications spanning various sectors. Recurve bows, once the staple of traditional archery, have given way to compound bows, which offer increased accuracy through the use of pulleys and cam systems. Bow maintenance is a crucial aspect of the industry, with the ongoing development of new materials such as Carbon Fiber and aluminum alloy. Form correction devices like whisker biscuits and drop-away rests have revolutionized shooting technique, allowing archers to achieve consistent and precise arrow placement. Bow sights with windage compensation and sight adjustments facilitate improved accuracy in outdoor archery and archery ranges.

Bow presses and arrow maintenance tools have become essential for bow tuning, ensuring optimal performance of carbon arrows and wood laminates. The integration of technology in archery has led to the emergence of archery clubs, indoor archery, 3D archery, and archery tournaments. Finger tabs, chest protectors, archery gloves, and peep sights have become indispensable accessories for both hunting archery and target archery enthusiasts. The market dynamics continue to unfold, with the development of new materials like fiberglass arrows and the ongoing refinement of shooting techniques and equipment designs.

How is this Archery Equipment Industry segmented?

The archery equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Distribution Channel
  • Offline
  • Online
• Product
  • Bows and bows accessories
  • Arrows
  • Other archery equipment
• Geography
  • North America
    • US
  • Europe
    • UK
  • APAC
    • Japan
    • South Korea
  • South America
    • Brazil
  • Rest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

The market witnesses significant revenue generation through specialty and sports shops, which cater exclusively to sports-related merchandise. These retailers offer consumers a wide selection of specialized archery equipment, expert advice, and personalized customer service. Conversely, departmental and discount stores contribute substantially to the market's growth due to expanding businesses and the increasing number of hypermarkets and department stores. Modern archery enthusiasts utilize various equipment, including nocking points, target points, recurve bows, whisker biscuits, and compound bows. Aluminum alloy arrows and carbon fiber arrows are popular choices for their durability and lightweight properties. Archery ranges provide opportunities for practicing shooting techniques, and bow maintenance tools like bow presses and string wax ensure the longevity of equipment.

Archery instructors offer valuable insights into form correction, draw length, and arrow speed. Archery tournaments, both target and hunting, fuel the demand for bow cases, bow sights with windage compensation, and drop away rests. Wood laminates, sight adjustments, and fiberglass arrows cater to traditional archery enthusiasts. Indoor archery and 3D archery attract a diverse range of participants, requiring chest protectors, archery gloves, and peep sights. Archery clubs foster a sense of community and provide opportunities for bow tuning and outdoor archery experiences. Finger tabs and arrow rests enhance shooting comfort and efficiency. The market's evolution encompasses a wide array of products and catering to various archery disciplines.

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The Offline segment was valued at USD 2.29 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Archery, an ancient sport with modern appeal, continues to gain popularity in Europe, particularly among male and female participants. The market's growth is driven by an adequate infrastructure and facilities network, enabling widespread access to this engaging activity. Target archery dominates the revenue generation, with various tournaments, such as the European Archery Championship and European Archery Tournament, attracting a significant following. Modern archery incorporates various equipment, including aluminum alloy bows and arrows, bow sights with windage compensation, and drop away rests. Traditional archery, meanwhile, emphasizes form correction and the use of wood arrows, finger tabs, and longbows. Bow maintenance is crucial, with regular string wax application and bow tuning essential for optimal performance.

Archery ranges cater to both indoor and outdoor enthusiasts, with 3D archery and field archery adding an immersive element to the sport. Carbon fiber and carbon arrows offer enhanced speed and durability, while bow presses facilitate bow tuning. Archery clubs and instructors provide valuable resources for beginners and experienced archers alike. In Europe, hunting archery is popular in specific countries, while bowhunting remains banned in others. Countries like Denmark, France, Spain, Portugal, Hungary, Finland, Bulgaria, and Slovenia embrace bowhunting, contributing to the market's diverse landscape. Archery equipment, including recurve bows, compound bows, whisker biscuits, and arrow rests, caters to various shooting techniques and preferences.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The global archery equipment market size and forecast projects growth, driven by archery equipment market trends 2024-2028. B2B archery gear supply solutions leverage smart archery technology innovations for precision. Archery equipment market growth opportunities 2025 include archery gear for recreational sports and professional archery equipment, fueled by Olympic interest. Archery inventory management software optimizes operations, while archery equipment market analysis highlights key brands. Sustainable archery gear practices align with eco-friendly archery trends. Archery regulations 2024-2028 shapes archery equipment demand in Europe 2025. High-performance archery bows and premium archery market insights boost appeal. Archery gear for youth programs and customized archery equipment target niches. Archery equipment market challenges and solutions address costs, with direct procurement strategies for archery and archery pricing strategy optimization enhancing profitability. Data-driven archery market analytics and smart archery gear trends drive innovation.

What are the key market drivers leading to the rise in the adoption of Archery Equipment Industry?

• The significant rise in consumer preference for adventure sports serves as the primary driver of the market's growth.

• Archery, a traditional sport with modern twists, continues to captivate consumers due to the rise in popularity of adventure sports and advanced technology integration. While archery has long been enjoyed in dedicated facilities, the introduction of digital games such as Archery Master 3D, Archery King, and Archery World Cup, has expanded its reach. These applications offer immersive experiences, allowing users to practice shooting technique from the comfort of their homes. Moreover, the use of advanced equipment, including nocking points and target points, has become essential for both modern and traditional archery enthusiasts. The adoption of lightweight, durable materials like aluminum alloy for bows and arrows has also contributed to the market's growth.
• Bow maintenance remains crucial, with proper care ensuring the longevity and accuracy of equipment. In summary, the market benefits from the increasing interest in adventure sports and the integration of technology, providing consumers with various options to engage with the sport and enhance their skills.

What are the market trends shaping the Archery Equipment Industry?

• The trend in the market is shifting towards multi-channel distribution. This approach allows for greater accessibility and convenience for consumers.

• Archery equipment is widely accessible in the market through established offline retailers such as hypermarkets, supermarkets, department stores, and specialty sports retailers. The rise of e-commerce has also led to an increase in online sales of archery equipment. Major companies, like PSE Archery and Bear Archery, are expanding their reach by selling products on platforms such as Amazon and Alibaba. This multi-channel distribution strategy offers companies significant visibility and the ability to cater to customers of various age groups. Compound bows remain popular for hunting archery, and the demand for advanced features, such as bow sights with windage compensation, continues to grow.
• Archery instructors play a crucial role in the market, as they provide guidance on crucial aspects like arrow speed, draw length, and archery techniques. Archery tournaments, both target and field, further fuel the demand for high-quality equipment. Bow cases are essential accessories to protect and transport equipment safely. Maintaining equipment is essential, and string wax is a common accessory used to ensure smooth and consistent performance. The archery market is dynamic, with continuous innovation and improvements in technology driving growth. Archery equipment is a niche market, catering to a dedicated community of enthusiasts and professionals.

What challenges does the Archery Equipment Industry face during its growth?

• The proliferation of counterfeit products poses a significant challenge to the industry, hindering its growth and undermining consumer trust.

• The US the market is characterized by a diverse range of offerings from both established and local brands. While the presence of local brands provides consumers with various price points, the prevalence of counterfeit products poses a challenge. These counterfeit items, marketed as authentic, negatively impact the growth potential of key companies. They tarnish the reputation and revenue of globally-renowned companies, as consumers perceive them as original products. Manufacturers have taken measures to address this issue, issuing press releases and posting warnings on their websites.
• Despite their lower prices, counterfeit products often lack the quality and durability of genuine equipment. Key market dynamics include the use of advanced technologies such as drop-away rests, carbon fiber, and form correction. Additionally, archers prioritize bow tuning, arrow maintenance, and the integration of range finding devices. Bow presses and carbon arrows, particularly those made with wood laminates, remain popular choices for serious archers.

Exclusive Customer Landscape

The archery equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the archery equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, archery equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Archers USA - This company specializes in supplying archery accessories, encompassing whistles, stretch bands, and string loops, enhancing user experience and optimizing performance.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Archers USA
• Axion Archery
• Bear Archery Inc.
• Black Widow Bows
• Carbon Tech
• Custom Archery Supply LLC
• Easton Technical Products Inc.
• Great Plains Traditional Bow Co.
• LINYI JUNXING SPORTS EQUIPMENT CO. LTD.
• Martin Archery
• Mathews Archery Inc.
• New Archery Products Inc.
• Precision Shooting Equipment Inc.
• Predators Archery
• Pullin Archery Products Inc.
• SAMICK SPORTS USA Inc.
• Southwest Archery USA
• The Bohning Co. Ltd.
• Vista Outdoor Inc.
• Bowtech Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Archery Equipment Market

• In January 2024, Easton Archery, a leading archery equipment manufacturer, introduced the Gen-X Max arrows, featuring innovative carbon-infused technology for enhanced arrow straightness and durability (Easton Archery press release).
• In March 2024, Hoyt Archery and Mathews Archery, two major archery brands, announced a strategic partnership to co-brand and distribute crossbows, expanding their product offerings and strengthening their market presence (Mathews Archery press release).
• In April 2024, Bowtech Archery, a well-known archery equipment company, secured a USD10 million investment from a leading private equity firm to accelerate product innovation and expand its global market reach (Bowtech Archery press release).
• In May 2025, the International Olympic Committee approved the use of compound bows with clickers in the Olympic archery competition for the first time, marking a significant technological advancement in the sport and increasing demand for advanced archery equipment (International Olympic Committee press release).

Research Analyst Overview

• The market exhibits dynamic trends, with innovations in broadhead design and arrow shafts driving advancements. String material, a critical component, continues to evolve, with manufacturers exploring new materials for enhanced durability and performance. Draw stop, fletching materials, and release timing are other areas witnessing significant development, as compound bow cams and cam timing undergo refinements. Axis adjustment, sight pins, and stabilizer weights are essential accessories, with sight alignment and arrow weight playing pivotal roles in accuracy. Target construction, arrow spine, and point weight influence shooting performance, while kinetic energy and grip adjustments are crucial factors for optimizing power and comfort.
• Ibo speed rating, release aids, and recurve bow limbs are other essential aspects undergoing continuous improvement. Quiver capacity, cable guard, follow through, string silencers, and bow limb materials are additional features receiving attention from manufacturers. Shooting stance and rest adjustment are essential for proper equipment usage and anchoring point ensures consistent accuracy.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Archery Equipment Market insights. See full methodology.

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What are the Key Data Covered in this Archery Equipment Market Research and Growth Report?

• CAGR of the Archery Equipment industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the archery equipment market growth of industry companies

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