Global Archery Equipment Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Archery Equipment Market Size

• The global archery equipment market was valued at USD 2.56 billion in 2024 and is expected to reach USD 4.08 billion by 2032
• During the forecast period of 2025 to 2032 the market is likely to grow at a CAGR of 6.00%, primarily driven by rising popularity of archery as a recreational and competitive sport
• This growth is driven by increasing participation in international tournaments such as the Olympics, and growing demand for hunting and outdoor activities

Archery Equipment Market Analysis

• Archery equipment has gained widespread popularity due to increasing recreational sports participation and the rising demand for precision-engineered bows that offer enhanced accuracy and durability. Modern innovations, such as carbon fiber arrows and lightweight compound bows, have made archery more accessible to both beginners and professionals, boosting market growth
• The demand for archery equipment is significantly driven by the growing influence of Olympic events, rising interest in bowhunting, and the expansion of archery training academies worldwide
• North America dominates the archery equipment market, primarily due to high consumer spending on hunting gear, the presence of leading bow manufacturers, and increasing support for competitive archery tournaments
• For instance, in the U.S., the demand for archery equipment has surged, with retailers reporting a steady increase in sales across recreational and professional segments. The region continues to drive innovation, with manufacturers launching customized bows and high-tech sighting systems to meet evolving consumer preferences
• Globally, archery equipment ranks among the fastest-growing sports gear segments, with advancements such as smart training bows, adjustable draw weights, and ergonomic grips playing a pivotal role in market expansion

Report Scope and Archery Equipment Market Segmentation 

Archery Equipment Market Trends

“Growing Demand for Advanced and Customizable Archery Gear”

• One of the key trends in the global archery equipment market is the rising preference for customizable and high-performance bows, driven by increasing participation in professional archery and recreational sports
• These innovations include adjustable draw weight systems and lightweight carbon fiber designs, which enhance precision and user adaptability, making them ideal for both beginners and experienced archers
• For instance, many leading archery brands are launching modular bow systems with interchangeable components, catering to diverse consumer needs and skill levels
• Manufacturers are also integrating smart sighting technology and advanced limb designs, ensuring better stability and shooting accuracy for competitive use
• This trend is reshaping the archery industry, making modern bows and accessories more versatile, durable, and widely accepted among global consumers

Archery Equipment Market Dynamics

Driver

“Rising Consumer Demand for Advanced and Precision-Engineered Bows”

• The increasing consumer shift toward high-performance and customizable archery equipment is a major driver of the archery equipment market, as enthusiasts seek more accurate and durable bows for both recreational and professional use
• Growing interest in competitive archery, bowhunting, and adventure sports is pushing demand for lightweight, ergonomic, and high-precision bows, enhancing user experience and efficiency

For instance,

• In July 2023, the World Archery Federation introduced new guidelines encouraging the use of advanced composite bows in international tournaments, increasing interest in next-generation archery gear
• In January 2024, Hoyt Archery launched its modular compound bow series, allowing users to customize draw weight and grip for improved shooting accuracy
• In March 2024, Bear Archery expanded its hunting bow lineup with a carbon-fiber limb design, enhancing durability and reducing overall bow weight, further driving market demand
• The rise of technological innovations in archery equipment, combined with growing consumer interest in precision and performance, is fueling market expansion and encouraging brands to develop more efficient, adaptable, and high-tech archery solutions
• This market driver is accelerating the adoption of modern archery equipment worldwide, reinforcing its position as a preferred choice for both sports and recreational users

Opportunity

“Expansion of Sustainable and Technologically Advanced Archery Gear”

• The growing demand for lightweight, durable, and high-performance archery equipment presents a major opportunity in the archery equipment market, driven by increasing interest in competitive sports, hunting, and recreational archery
• Consumers are actively seeking ergonomic, customizable, and precision-engineered bows, creating new avenues for brands to develop innovative archery solutions that enhance accuracy, efficiency, and user experience

For Instance,

• In July 2021, the World Archery Federation introduced new regulations promoting the use of carbon-fiber bows in competitions, encouraging manufacturers to invest in next-generation materials
• In September 2023, Mathews Inc. expanded its compound bow lineup with adjustable draw-weight technology, strengthening its market presence
• In February 2024, Bear Archery launched its ultra-light recurve bow series, offering enhanced durability and performance for both beginners and professionals

• This opportunity is further supported by technological advancements, increasing sports participation, and rising investments in archery training facilities
• As modern archery gear becomes a priority for professionals and enthusiasts, companies leveraging smart innovations and sustainable materials stand to gain a competitive edge and expand their consumer base globally

Restraint/Challenge

“Balancing Performance, Durability, and User Comfort”

• One of the key challenges in the archery equipment market is achieving the right balance between performance, durability, and user comfort, particularly in designing lightweight yet high-strength bows for various skill levels
• Consumers often find traditional bows heavier and less ergonomic, leading to fatigue and reduced accuracy, especially for beginners and those seeking longer practice sessions

For Instance,

• In March 2022, Hoyt Archery faced user feedback regarding the weight distribution of its recurve bows, prompting the brand to redesign for better stability and handling
• In June 2023, Mathews Inc. launched an ultra-light compound bow with an enhanced grip, addressing complaints about hand strain and control issues
• In October 2023, Bowtech Archery introduced its vibration-dampening technology, designed to reduce noise and hand shock while maintaining high-precision performance

• In addition, achieving customizability, ease of use, and consistent accuracy without compromising durability and affordability remains a major hurdle for manufacturers
• As brands continue to invest in advanced materials and ergonomic designs, overcoming these challenges with lightweight, adaptable, and user-friendly archery equipment will be crucial for market expansion and wider consumer adoption

Archery Equipment Market Scope

The market is segmented on the basis of equipment type, distribution channel, application, and end user.

Archery Equipment Market Regional Analysis

“Europe is the Dominant Region in the Archery Equipment Market”

• Europe holds the largest market share in the global archery equipment market, driven by increasing participation in archery sports, rising investments in professional training, and a growing preference for high-performance gear
• Germany leads the region due to strong consumer demand for customized bows, a well-established network of archery clubs, and government support for sports development
• The availability of advanced materials, including carbon fiber bows and precision-engineered arrows, has further fueled market expansion
• In addition, growing interest in recreational archery, increasing media coverage of archery tournaments, and rising sales through online platforms contribute to the growth of the Archery Equipment market across Europe

“Asia-Pacific is projected to register the Highest Growth Rate”

• Asia-Pacific is projected to witness the highest CAGR in the archery equipment market, driven by increasing participation in archery sports, rising demand for professional training gear, and a growing preference for customized bows
• Countries such as China, Japan, and South Korea are leading the market due to strong consumer interest in traditional archery, expanding retail distribution, and the influence of Olympic events
• The rapid growth of e-commerce platforms, coupled with continuous innovations in lightweight materials, is further accelerating market expansion
• In addition, government initiatives promoting archery as a sport and rising investments in sports infrastructure are contributing to the rapid development of the archery equipment market across Asia-Pacific

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

The Major Market Leaders Operating in the Market Are:

• Bear Archery (U.S.)
• Goldtip (U.S.)
• Mathews Archery (U.S.)
• New Archery Products, Inc. (U.S.)
• PSE Archery LLC (U.S.)
• Alpine Archery and Fly (U.S.)
• Axion Archery (U.S.)
• BOHNING ARCHERY (U.S.)
• CARBON TECH (U.S.)
• Copper John (U.S.)
• Easton Technical Products, Inc. (U.S.)
• Hha Sports Inc (U.S.)
• Hoyt (U.S.)
• Kinsey’s Inc. (U.S.)
• MARTIN ARCHERY (U.S.)
• Parker Bows (U.S.)
• FeraDyne Outdoors (U.S.)
• Specialty Archery LLC (U.S.)
• TROPHY RIDGE (U.S.)
• SRS Archery (U.S.)

Latest Developments in Global Archery Equipment Market

• In February 2023, Heritage Outdoor Group acquired Precision Shooting Equipment, Inc., a leading U.S. archery equipment manufacturer. The company aims to strengthen PSE's "made in the USA" reputation by ensuring all bow components are sourced domestically, while continuing to operate as separate entities with Heritage Outdoor Group focusing on marketing and sales
• In February 2023, Mathews Archery, Inc. introduced Bow Of Nasp Programs, featuring the Genesis bow with a single-cam design, adjustable draw length from 15 to 30 inches, and a draw weight range of 10 to 20 pounds, catering to youth and beginner archers
• In July 2022, JDH Capital Company announced the acquisition of Pure Archery Group, a manufacturer of premium archery products. The acquisition includes several well-known archery brands such as Bowtech, Diamond, Excalibur, Black Gold, Tightspot, Ripcord, And Octane
• In April 2021, Gridiron Capital, LLC revealed that its portfolio company Good Sportsman Marketing Outdoors acquired Plano Synergy's hunting accessories and archery brands from Pure Fishing Inc. This acquisition enhances GSM Outdoors' product portfolio, offering retailers and consumers a more comprehensive range of archery and hunting gear
• In February 2021, Alpine Archery launched a new series of American-Made Quivers, designed for compatibility with compound bows, crossbows, and recurves. The updated lineup includes the Power Loc 4-Arrow Quiver, featuring a hanging hook, along with the Soft Lock And Bear Claw Quivers, available in 3- and 5-arrow configurations 

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