According to the latest report by IMARC Group, titled “Archery Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global archery equipment market to exhibit moderate growth during the next five years.
Archery equipment stands for a variety of tools and gears that are primarily used while practicing archery. They usually consist of bows, stringers, finger tabs, arrows, quivers, bow stands, bracers, targets, etc. A bow refers to a long and flexible tool that is attached to a string at both ends to align and pull the long-shafted projectile called an arrow. Furthermore, a bow stringer is utilized to string and unstring the bow, and the finger tab is adopted to protect the fingers while drawing the string. Archery equipment is mostly used in various national and international competitions.
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The rising preferences towards archery as a recreational sport, particularly among the millennial population, are driving the global market for archery. Additionally, the growing female participation in archery competitions is further positively impacting the demand for archery equipment. Numerous government bodies across nations are introducing diverse programs to promote archery as a professional sport for enhancing public participation. Moreover, the growing adoption of aggressive promotional activities by manufacturers, along with the wide availability of archery equipment across online retail channels, is also catalyzing the market growth. Over the forecasted period, the increasing number of sports clubs and advanced training facilities for archers are expected to bolster the market for archery equipment.
Archery Equipment Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the market on the basis of product, end user, distribution channel and region.
Breakup by Product:
Breakup by End User:
Breakup by Distribution Channel:
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Breakup by Region:
Key highlights of the report:
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