Archery Equipment Market

Archery Equipment Market Size, Forecast, Trend Analysis, By Product Type (Bows, Arrows, Targets, Accessories and Support Equipment), By Style (Target Archery, Bow Hunting), By Buyer Type (Individual, Promotional, Institutional) & Region - Global Market insights 2022 to 2032

Analysis of Archery Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Archery Equipment Market Outlook (2022-2032)

The global archery equipment market is set to enjoy a valuation of US$ 1,136.1 million in 2022 and further expand at a CAGR of 6.1% to reach US$ 2,062.7 million by the end of 2032.

Archery as a sports is yet to witness mass scale adoption across many potential countries, resultantly spending on archery equipment is relatively less. Archery equipment contributed close to two percent of the overall spending on sporting goods worldwide in 2021, but is more likely to increase its share upto five percent by 2032.

Report Attributes


Archery Equipment Market Size (2021A)

US$ 1,074.7 Million

Estimated Market Value (2022E)

US$ 1,136.1 Million

Forecasted Market Value (2032F)

US$ 2,062.7 Million

Global Market Growth Rate (2022-2032)

6.1% CAGR

North America Market Share (2021)


Europe Market Growth Rate (2022-2032)

~4.2% CAGR

United States Market Growth Rate (2022-2032)

~7.8% CAGR

Market Share of Top 5 Companies


Key Companies Profiled

  • Escalde Inc
  • The Bohning Company
  • Outdoor Group LLC
  • Simack Sports
  • Easton Archery
  • Daisy Outdoor Products
  • Mathews
  • Martin Archery
  • Darton Archery
  • Bear Archery

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Sales Analysis of Archery Equipment (2017-2021) Vs. Market Forecast Outlook (2022-2032)

The traditional archery is now becoming a modern sport popular among all age groups and no matter what gender. Archery is conceded not only as a competitive sport but is also admired as a fun activity. The portability of archery equipment is another reason for wide acceptance of the sport and a key driver of the equipment market.

The popularity of archery sports has increased among the younger generation over the historic period. Programs like “explore archery” are designed especially for beginners to introduce abilities for the lifelong sport target archery. Furthermore, the events like donations of archery equipment support the financially unstable players. For instance, MDC donates archery equipment to St. Louis country police for the youth archery program.

The sales of archery equipment have expanded by a compound annual growth rate of 5.6% from 2017 to 2021, driven by the aforementioned historical trends.

The research and developments in archery equipment so as to make it friendly for the players will boost the market, furthermore, equipment donation will continue as a prominent driver for the archery equipment market in the forecast years as well. Organizing of programs like national archery school programs national event series, are encouraging interest for archery among school students thus driving the sales of archery equipment.

Based on the above analysis, Fact.MR suggests that the global archery equipment market will be valued at US$ 2,062.7 Million by 2032 end posing a CAGR of 6.1% since 2022.

  • Short Term (2022 Q2 to 2025): T.V shows and movies like “the hunter game” are rising the number of participations in archery. This will enhance the market for archery equipment over the short term.
  • Medium Term (2025-2028): Growing sports participation due to health awareness will amplify the archery equipment market over the medium term.
  • Long Term (2028-2032): Increase in number of sports academy and participation programs will drive the market over the long term

Over the 2017-2021 historical period, the global archery equipment market registered a CAGR of 5.6%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.1% CAGR between 2022 and 2032.

Global archery equipment market forecast by Fact.MR

Market share analysis of archery equipment based on product type and region is provided in a nutshell in the above image. Under the product type segment, the bows sub-segment dominates with 51.3% market share in 2022.

What’s Driving Demand for Archery Equipment?

“The Archery Equipment Portability is the Key Driver to its Adoption”

Archery is a super-flexible game with a bow and arrow as primary equipment. Development of kid friendly bow and arrows have popularized archery among kids. Moreover, launch of foldable bows and arrows has increased its portability and thus adoption among convenience friendly youths.

Archery is also popularizing as a leisure activity at camps and tours owing to its ease of handling. People enjoy such minimally exhaustive sport activities during weekend getaways and nature-friendly exits.

The above-mentioned factors interpret a rising adoption of archery boosting the target market.

“Consumer-engagement Driven Development in the Archery Sport Will Boost its Equipment Market Over the Upcoming Years.”

The development of archery programs like 3D shooting increases the participation of the younger generation. The 3D shooting game of archery is played by walking the course. Each archer gets a single shot at a three-dimensional target like the foam of an animal. These make exciting adventures for the younger generation.

Moreover, archery is a fast-growing sport. Participation in archery has increased significantly over the past few years, particularly among women and girls. In addition, technological advancements in archery equipment like faster arrow speed, improvement in the CAM design, laser range finder technology etc. catalyze an increase in people’s interest to play archery, thus propelling the archery equipment market.

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What Do Archery Equipment Manufacturers Need to Watch Out for?

“Higher Cost of the Product and Unavailability of Archery Ranges will Hamper the Market Growth.”

The cost of professional archery equipment is high and unaffordable to lower-income people. Archery has been a hobby for all age groups however participation in the professional sport is very minimal owing to the equipment cost.

Additionally, the competitive sport of archery requires ampler space and specific terrains. For instance, the standard practice range for archery is 220 yards. Inaccessibility of such archery range puts a limit on competitive archery participation. These factors have together limited the sales of archery equipment.

Country-wise Insights

What is Popularizing Archery Equipment in North America?

The North America archery equipment market is currently estimated at US$ 516.1 million and is expected to grow at CAGR of 7.9% by 2032.

The US conducts different programs to increase the participation of youth in archery. The Junior Olympic archery development is a program formed by the USA, that helps archers to enjoy sport amusingly and also progress to the excitement of competition.

Archery is also getting popular with programs like, S3DA (Scholastic 3-D archery) that educates and guides youth in outdoor target, 3-D, and indoor target archery. Such programs also aid in achieving safe and ethical bow-hunting practices and consequently increase youth participations in archery.

The high per capita disposable income is also a key contributor to higher adoption of archery among Americans. High-income population of US can afford significant investments in sports and leisure activities, which is driving the North America market for archery equipment.

What Initiatives Are Taken by the EMAA to Promote the Market Growth in Europe?

The European members of the archery association (EMAA) are taking initiatives to promote archery in Europe. They have a particular focus on the delivery of sports in schools, developing archery sports with after-school clubs. The EMAA also supports para-athletes, encouraging archery adoption among all genres of population.

A key challenge to archery market in Europe is legalization of bow hunting in restricted countries. Denmark, France, Spain, Portugal, Italy, Hungary, Finland and Bulgaria are the only countries in Europe where bow hunting is legal, yet the enthusiasm for the game in the region is represented by at least 350,000 archers from Germany alone.

Germany and Europe thus, offer big archery equipment market for investments.

Category-wise Insights

Will Rising Competition in Archery Drive the Target Market?

With the rising participation in archery, the players need to choose an archery style: targeted archery or bow hunting. Target archery has become a conventional sport in several different world championships. Shooting at stationary circular targets does no harm but is a fun activity. It is independent of any license requirements or other legalities. Target archery is thus widely accepted as a hobby among all population age groups making it the dominant archery style by revenue.

Will the Institutional Buyers contribute a Higher Market Share in Overall Market for Archery Equipment?

Professional archery training is most widely availed through institutions. The long range target practices demand a huge piece of levelled-land and the professional equipment are also very heavy on individual budgets. These factors make it impossible to practice professional archery at home, encouraging the dependence on institutions.

Institutions are also popular for organization of small scale competitions that prepare the archers for the national and international championships. Institutions also introduce players to international rules and abide to them in practice sessions, preparing them better for the competitions.

Owing to the aforementioned factors, Fact.MR predicts that during the course of the forecast period, the institutional buyers will account for an 54.7% revenue share by 2032.

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Competitive Landscape

Prominent archery equipment manufacturers are Escalde Inc, The Bohning Company, Outdoor Group LLC, Simack Sports, Easton Archery, Daisy Outdoor Products, Mathews, Martin Archery, Darton Archery, and Bear Archery.

In order to increase the company’s geographical expansion and expand its product portfolio, the leading manufacturers of archery equipment are focusing on the acquisitions. Moreover, manufacturers also have their focus on product innovation and development, in order to launch archer-friendly products like laser range finder technology etc. Manufacturers are also focusing on increasing the sport awareness among youths by collaborating with various schools and institutions.

  • In October 2023, Bear Archery announced the lineup of traditional compounds and crossbow equipment in order to celebrate the 90th anniversary of the company.
  • In January 2022, escalade signed the absolute agreement to acquire the assets of Brunswick billiards business from life fitness in order to expand marketing strategies with strengthened supply chain, logistics, research and development, and retail distribution.

Fact.MR has provided detailed information about the price points of key manufacturers of Archery Equipment positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Archery Equipment Industry Research

  • By Product Type:

    • Bows
      • Compound
      • Recurve
      • Crossbow
      • Others
    • Arrows
      • Target and 3D
      • Hunting Arrow
      • Traditional Arrow
    • Targets
      • Bag Target
      • Foam Layer Block
      • 3D Practice
    • Accessories and Support Equipment
      • Bow Accessories
      • Arrow Components
      • Range Equipment
  • By Archery Style:

    • Target Archery
    • Bow Hunting
  • By Buyer Type:

    • Individual
    • Promotional
    • Institutional
  • By Region:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

What is the global archery equipment market size?

The global archery equipment market is valued at US$ 1,136.1 million in 2022.

How is the market for archery equipment expected to fare going forward?

Worldwide demand for archery equipment is anticipated to reach US$ 2,062.7 million by 2032-end.

Which archery equipment type holds the highest market share?

Bows accounts for 51.3% share of global sales in 2021.

Which regional archery equipment market accounts for a leading market share?

North America tops the global archery equipment market and will account for 45.4% market share by the end of 2022.

How did the market perform over the last few years?

During 2017-2021, sales of archery equipment increased at 5.6% CAGR.

Archery Equipment Market

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