Archery Equipment Market Size To Reach $3.14 Billion By 2030

Archery Equipment Market Growth & Trends

The global archery equipment market size is estimated to reach USD 3.14 billion in 2030 and is projected to grow at a CAGR of 3.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for archery equipment is on the rise, driven by several key factors and trends. One of the primary reasons for this increase is the growing popularity of archery as a sport, particularly among younger generations. Innovative programs, such as 3D shooting, are attracting more participants by offering exciting experiences that involve walking a course and taking shots at three-dimensional foam targets. This engaging format not only makes archery more appealing but also encourages individuals to explore the sport further.

The portability and convenience of modern archery equipment have made it more accessible to a broader audience. The introduction of kid-friendly bows and arrows has opened the door for younger enthusiasts to participate, while collapsible bows enhance portability for those who value convenience. This ease of handling and transport has led to increased adoption of archery as a leisure activity at camps, outdoor events, and recreational tours, making it an attractive option for families and individuals alike.

The availability of professional training through various institutions is another significant factor contributing to the rising demand for archery equipment. As long-range target shooting requires ample space and specialized gear, many individuals find it beneficial to enroll in organized programs that provide training, host small-scale events, and educate participants about international regulations. These institutions help aspiring archers prepare for national and international competitions, fostering a deeper commitment to the sport.

Moreover, government initiatives aimed at promoting archery are playing a crucial role in expanding its reach. By implementing policies, organizing tournaments, and launching long-term development programs, governments are actively working to increase participation and improve the standard of archery. These efforts not only aim to boost local interest but also seek to enhance national performance in major competitions like the Commonwealth Games, Asian Games, and Olympic Games.

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Archery Equipment Market Report Highlights

• Asia Pacific is expected to grow at the fastest CAGR of 4.6% over the forecast period. The development of archery ranges, training facilities, and access to professional coaching has made it easier for people in Asia Pacific to take up the sport. Improved infrastructure and coaching options in urban and suburban areas encourage more people to purchase archery equipment and participate in the sport.

• Based on equipment, the arrows segment is expected to grow at the fastest CAGR of 4.5% from 2024 to 2030. The popularity of bow hunting and outdoor sports has grown, particularly in regions with strong hunting traditions. Hunters often require specialized arrows designed for specific game, conditions, and bow types, which boosts the demand for a variety of arrows suited to different purposes.

• Based on distribution channel, the online segment is expected to grow at the fastest CAGR of 4.7% from 2024 to 2030. Online platforms typically feature detailed product descriptions, specifications, and customer reviews, which help buyers make informed decisions. Reading reviews from other archers and accessing comprehensive product information allows customers to choose equipment that best meets their needs and preferences.

Archery Equipment Market Segmentation

Grand View Research has segmented the global archery equipment market report based on equipment, distribution channel, and region:

Archery Equipment Outlook (Revenue, USD Million, 2018 - 2030)

• Bows

• Broadheads

• Arrows

• Crossbows

• Other Accessories

Archery Equipment Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Sporting Goods Retailers

• Supermarkets & Hypermarkets

• Exclusive Brand Outlets

• Others

Archery Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Archery Equipment Market

• Easton Archery

• Hoyt Archery

• Mathews Archery

• Bear Archery

• PSE Archery

• Bowtech Archery

• SAS (Southwest Archery)

• Black Gold Sight

• Apex Gear

• Scott Archery