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Global Archery Equipment Market to Clock 6.1% CAGR from 2022-28

Over the years, archery has become one of the most played sports and has also found place in several international gaming events such as the Olympics. Archery as a sport has been found to develop certain mental abilities in children, making this one of the favorite sports activities that children can engage in.

Due to the COVID-19 pandemic, the global Archery Equipment market size is estimated to be worth US$ 3715.2 million in 2021 and is forecast to a readjusted size of US$ 5645.5 million by 2028 with a CAGR of 6.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Archery Equipment market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Archery Equipment landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.

During 2017, the specialty and sports shops segment dominated the archery equipment market. The preference of customers towards buying the equipment from these stores due to the assurance of quality and the availability of various popular brands of equipment to choose from, will be a major factor for the market’s growth in this segment.

This report focuses on Archery Equipment volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Archery Equipment market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.

Request for a free sample or purchase this report at: https://www.themarketreports.com/report/global-archery-equipment-market-research-report

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Bows and Bow Accessories
  • Arrows
  • Other Archery Equipment

Segment by Application

  • Hunting
  • Sports
  • Others

By Company

  • Escalde
  • Outdoor Group
  • Easton Archery
  • Bear Archery
  • Goldtip
  • Mathews Archery
  • New Archery Products
  • Precision Shooting Equipment
  • Alpine Archery
  • Axion Archery
  • The Bohning Company
  • Carbon Tech
  • Copper John

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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