Archery Equipment Market – Growth, Landscapes, Demand and Key Players to 2025

NEW YORK, July 8, 2022 /PRNewswire/ — The “Archery Equipment Market by Product (Bows and Accessories for Bows, Arrows and Other Archery Equipment), Distribution Channel (Specialty and Sporting Goods Stores, Major stores and discount stores, online retail, etc.) and geography (Europe, North AmericaACPA, South Americaand MEA) – The “Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proud to partner with over 100 Fortune 500 companies for over 16 The archery equipment market share is expected to increase by $1.13 billion from 2020 to 2025, and the growth momentum of the market will accelerate to a CAGR of 6.91%. 38% of market growth will come from Europe during the forecast period. South Korea (Republic of Korea) and Brazil are the key markets for the archery equipment market in Europe. The growth of the market in this region will be faster than the growth of the Middle East and African markets. Active participants in both male and female categories will facilitate the growth of the archery equipment market in Europe over the forecast period.

The archery equipment market share is expected to increase by USD 1.13 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 6.91%

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Archery Equipment Market – Key Market Dynamics:

Market engine –

  • The rise in consumer preference for adventure sports is notably driving the growth of the archery equipment market.

  • There has recently been an increase in consumer interest in adventure sports such as rafting, archery and paragliding. Various TV commercials, movies, and videos depicting these sports entice people to try them. Although field archery and other suitable facilities have always been popular among consumers, leveraging technology platforms to effectively engage consumers is a relatively recent phenomenon. Several new games based on online and mobile applications such as Archery Master 3D, Archery King and Archery World Cup are available in the market; these games have played an important role in maintaining the dynamism of the market and spreading the reputation of the sport. Changing demographics and lifestyles and rising per capita income along with increased recreational spending have helped to increase the popularity and enrollment in various outdoor sports including archery. the bow.

Market challenges

  • The major challenge hindering the growth of the archery equipment market is the presence of counterfeit products.

  • The archery equipment market in the United States is marked by the presence of established and local brands. The presence of local brands presents multiple options at varying prices. The presence of counterfeit products also has a negative impact on the growth potential of major suppliers. Counterfeit products dilute the original brands because they are perceived as original products. Thus, it affects the revenue and brand of world famous companies. Some manufacturers have issued press releases and posted warnings on their websites to alert retailers and consumers to the problem. Local and counterfeit products are available at relatively low prices, but they lack quality and sustainability. However, these products are preferred by low income groups as they are affordable.

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Archery Equipment Market – Segmentation Analysis

The Archery Equipment Market report is segmented by Productt (bows and accessories for bows, arrows and other archery equipment), Distribution channel (specialty and sporting goods stores, department and discount stores, e-commerce and others), and Geography (Europe, North AmericaACPA, South Americaand MEA).

Revenue generating segment: The growth of the archery equipment market share in the Segment bows and bow accessories will be important for revenue generation. The increasing use of carbon nanotechnology to manufacture archery equipment such as bows and bow accessories is one of the emerging trends in this market, which is likely to positively impact its growth in the future. over the next five years. Suppliers are also striving to upgrade their products and offer equipment with new technologies and additional features. These factors are expected to drive the growth of the product segment.

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Archery Equipment Market – Vendor Analysis

The archery equipment market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market.

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  • The paragliding equipment market is expected to grow to USD 83.83 million from 2021 to 2026, at a CAGR of 4.8%.

  • The interactive fitness market The market share is expected to increase by USD 6.88 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 8.41%.

Scope of the archery equipment market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 6.91%

Market Growth 2021-2025

$1.13 billion

Market structure

Fragmented

Annual growth (%)

6.32

Successful market contribution

Europe at 38%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

AMS BOWFISHING, Carbon Tech, Darton Archery LLC, Escalade Inc., Gold Tip LLC, Precision Shooting Equipment Inc., SAMICK SPORTS, Southwest Archery USA, SRS Archery and The Bohning Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product

6 Market Segmentation by Distribution Channel

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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