What Is the Global Archery Equipment Market Size, Trends & Forecast to 2025

Archery Equipment Market Size Growth Rate

As per 6Wresearch, Archery Equipment Market Size is expected to reach approximately USD 3.4 billion by 2031, with substantial CAGR of 5.7% over the next decade due to increasing interest in archery both as a recreational activity and a competitive sport.

What Is the Global Archery Equipment Market?

The global archery equipment industry includes all products manufacturing, distribution, and retailing involving the sport of archery. A multitude of different equipment is defined as archery equipment, including bows, arrows, sights, protective equipment, quivers, target equipment, and any accessories. The demand is particularly high in North America, Europe, and parts of Asia, where archery has long been popular in both professional sports and hunting. One trend that has led to stronger demand is the emergence of technology-driven devices, more commonly referred to as “smart” archery equipment, as part of the products that contribute to the ability to use more and more durable materials and high-performance technologies that have improved the precision of archery equipment and user experience on the field and other recreational locations. Another important facet of demand for this equipment is the rising demand for archery as part of school programs and outdoor recreation, contributing to the millennial and Gen Z generation re-engaging with the sport. 

Archery Equipment Market Surge: How Technology and Trends Are Shaping the Future

The archery equipment market growth can be attributed to changes in technology and consumer trends. Technology influences further growth, as advancements such as compound bows, laser sights, digital archery training machines, and equipment that connects to apps have improved performance, making archery more enjoyable for recreational and professional archers alike, involving different archers of varying skill sets as well. These advancements, along with those in other technologies, allow for increased performance accuracy, flexibility, and efficiency. With the emergence of smart technology, products are also available where the archers can track their performance to assess their shooting habits as well as performance trends to enhance their training regimes. Another trend in the industry is the growing use of renewable materials for archery products. This is evident in the development of biodegradable arrows and processes to manufacture bows with less impact on the environment. 

What’s Driving the Surge in Archery Equipment Demand

The rising demand for archery equipment stems from a variety of core factors that help explain the renewed interest and popularity of the sport on a global scale. First, archery continues to be recognized as both a competitive sport and a recreational activity is generating further interest around the world. Even with the global pandemic, archery is increasing in prominence with world sporting events (i.e., Olympics and Paralympics) creating more exposure and visibility for archery, including further diversification of archers and participants in the sport. This is coinciding with a growing emphasis from health-conscious consumers to incorporate activities that are physically demanding while also including a skill-building element, allowing more individuals to use archery for exercise, focus, and relaxation. In addition, urban farming has led to an increase in hunting culture, especially among outdoor and survivalist communities. 

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