Market Research Report
Archery Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Published by||IMARC Services Private Limited||Product code||999758|
|Published||Content info||143 Pages
Delivery time: 2-3 business days
|Archery Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
|Published: April 12, 2021||Content info: 143 Pages||
The global archery equipment market reached a value of US$ 3.21 Billion in 2020. Archery equipment refers to various tools and gears used while doing archery. It primarily consists of bows, arrows, bracers, finger tabs, quivers, bow stands, stringers and targets. A bow is a long and flexible staff that is attached to a string at both ends and is used to align and pull the arrow. The arrow is a shaft with feather-type vanes at one notched end and is mounted against the bowstring. A bow stringer is used to string and unstring the bow and the finger tab is used for protecting the fingers while drawing the string. These tools are most commonly used in international competitions and tournaments.
The growing preference for archery as a recreational sport among the masses is one of the key factors creating a positive impact on the market. Furthermore, the increasing female participation in local tournaments and international competitive events is providing a boost to the market growth. The governments of both developed and emerging nations are also implementing various policies and programs to promote archery as a professional sport and increase public participation. Additionally, aggressive promotional activities by manufacturers, along with the development of online retail channels that provide hassle-free shopping experience while displaying a wide range of products to the consumers, are also contributing to the growth of the market. Other factors, including the increasing number of sports clubs and gaming zones, along with the availability of advanced training facilities for archers, are expected to drive the market further. Looking forward, IMARC Group expects the global archery equipment market to exhibit moderate growth during the next five years.