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:
- Bear Archery (Escalade Inc.)
- Crossman Corporation
- Easton Archery
- Gold Tip
- Mathews Archery
- New Archery Products
- Precision Shooting Equipment
- The Outdoor Group LLC
- The Bohning Company
The report has segmented the market on the basis of product, end user, distribution channel and region.
Breakup by Product:
- Bows and Bow Accessories
Breakup by End User:
- Individual Consumer
- Clubs and Gaming Zones
- Sports Organizers
Breakup by Distribution Channel:
- Speciality and Sports Shops
- Departmental and Discount Stores
- Online Stores
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Breakup by Region:
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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