NEW YORK, July 8, 2022 /PRNewswire/ — The “Archery Equipment Market by Product (bows and bows accessories, arrows, and other archery equipment), Distribution Channel (specialty and sports shops, departmental and discount stores, online retail, and others), and Geography (Europe, North America, APAC, South America, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The archery equipment market share is expected to increase by USD 1.13 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.91%. 38% of the market’s growth will originate from Europe during the forecast period. South Korea (Republic of Korea) and Brazil are the key markets for the archery equipment market in Europe. Market growth in this region will be faster than the growth of the Middle East and African markets. Active participants in both male and female categories will facilitate the archery equipment market growth in Europe over the forecast period.
The archery equipment market share is expected to increase by USD 1.13 billion from 2020 to 2025,& and the market’s growth momentum will accelerate at a CAGR of 6.91%
Archery Equipment Market – Key Market Dynamics:
Market Driver –
The rise in consumer preference for adventure sports is notably driving the archery equipment market growth.
There has been an increase in consumers’ interest in adventure sports such as river rafting, bowhunting, and paragliding recently. Various television ads, movies, and videos that portray these sports attract people to try them. Although archery in fields and other proper facilities has been popular among consumers traditionally, leveraging technology platforms to effectively engage consumers is a relatively recent phenomenon. Several new online and mobile application-based games such as Archery Master 3D, Archery King, and Archery World Cup are available in the market; these games have played a significant role in keeping the market buoyant and spreading awareness of the sport. Changing demographics and lifestyles and increasing per capita income along with an increase in recreational expenditures have helped in increasing the popularity of and enrolment in various outdoor sports, including archery.
Market Challenges
The major challenge impeding the archery equipment market growth is the presence of counterfeit products.
The archery equipment market in the US is marked by the presence of both established and local brands. The presence of local brands presents multiple options of varying price points. The presence of counterfeit products also negatively impacts the growth potential of key vendors. Counterfeit products dilute the original brands as they are perceived to be original products. Thus, this affects the revenue and the brand name of globally reputed companies. Some manufacturers issued press releases and posted warnings on their websites to alert retailers and consumers about the problem. Local and counterfeit products are available at relatively low prices, but they lack quality and durability. However, these products are preferred by low-income groups as they are affordable.
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Archery Equipment Market – Segmentation Analysis
The archery equipment market report is segmented by Product (bows and bows accessories, arrows, and other archery equipment), Distribution Channel (specialty and sports shops, departmental and discount stores, online retail, and others), and Geography (Europe, North America, APAC, South America, and MEA).
Revenue Generating Segment: The archery equipment market share growth in the Bows and bows accessories segment will be significant for revenue generation. The increasing use of carbon nanotechnology to manufacture archery equipment such as bows and bow accessories is one of the emerging trends in this market, which will likely have a positive impact on its growth over the next five years. Vendors are also striving to upgrade their products and offer equipment with new technologies and added features. These factors are expected to drive the growth of the product segment.
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Archery Equipment Market -Vendor Analysis
The archery equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
AMS BOWFISHING
Carbon Tech
Darton Archery LLC
Escalade Inc.
Gold Tip LLC
Precision Shooting Equipment Inc.
SAMICK SPORTS
Southwest Archery USA
SRS Archery
The Bohning Co. Ltd.
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Related Reports:
The paragliding equipment market share is expected to surge to USD 83.83 million from 2021 to 2026, at a CAGR of 4.8%.
The interactive fitness market share is expected to increase by USD 6.88 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.41%.
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Archery Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.91% |
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Market growth 2021-2025 |
USD 1.13 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.32 |
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Performing market contribution |
Europe at 38% |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
AMS BOWFISHING, Carbon Tech, Darton Archery LLC, Escalade Inc., Gold Tip LLC, Precision Shooting Equipment Inc., SAMICK SPORTS, Southwest Archery USA, SRS Archery, and The Bohning Co. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2 Market characteristics
Exhibit 02: Market characteristics
2.3 Value chain analysis
Exhibit 03:Value Chain Analysis: Leisure products
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ billion)
Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by Product
5.1 Market segments
Exhibit 15: Product – Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 Bows and bows accessories – Market size and forecast 2020-2025
Exhibit 17: Bows and bows accessories – Market size and forecast 2020-2025 ($ billion)
Exhibit 18: Bows and bows accessories – Year-over-year growth 2020-2025 (%)
5.4 Arrows – Market size and forecast 2020-2025
Exhibit 19: Arrows – Market size and forecast 2020-2025 ($ billion)
Exhibit 20: Arrows – Year-over-year growth 2020-2025 (%)
5.5 Other archery equipment – Market size and forecast 2020-2025
Exhibit 21: Other archery equipment – Market size and forecast 2020-2025 ($ billion)
Exhibit 22: Other archery equipment – Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Product
Exhibit 23: Market opportunity by Product
6 Market Segmentation by Distribution channel
6.1 Market segments
Exhibit 24: Distribution channel – Market share 2020-2025 (%)
6.2 Comparison by Distribution channel
Exhibit 25: Comparison by Distribution channel
6.3 Specialty and sports shops – Market size and forecast 2020-2025
Exhibit 26: Specialty and sports shops – Market size and forecast 2020-2025 ($ billion)
Exhibit 27: Specialty and sports shops – Year-over-year growth 2020-2025 (%)
6.4 Departmental and discount stores – Market size and forecast 2020-2025
Exhibit 28: Departmental and discount stores – Market size and forecast 2020-2025 ($ billion)
Exhibit 29: Departmental and discount stores – Year-over-year growth 2020-2025 (%)
6.5 Online retail – Market size and forecast 2020-2025
Exhibit 30: Online retail – Market size and forecast 2020-2025 ($ billion)
Exhibit 31: Online retail – Year-over-year growth 2020-2025 (%)
6.6 Others – Market size and forecast 2020-2025
Exhibit 32: Others – Market size and forecast 2020-2025 ($ billion)
Exhibit 33: Others – Year-over-year growth 2020-2025 (%)
6.7 Market opportunity by Distribution channel
Exhibit 34: Market opportunity by Distribution channel
7 Customer Landscape
8 Geographic Landscape
8.1 Geographic segmentation
Exhibit 36: Market share by geography 2020-2025 (%)
8.2 Geographic comparison
Exhibit 37: Geographic comparison
8.3 Europe – Market size and forecast 2020-2025
Exhibit 38: Europe – Market size and forecast 2020-2025 ($ billion)
Exhibit 39: Europe – Year-over-year growth 2020-2025 (%)
8.4 North America – Market size and forecast 2020-2025
Exhibit 40: North America – Market size and forecast 2020-2025 ($ billion)
Exhibit 41: North America – Year-over-year growth 2020-2025 (%)
8.5 APAC – Market size and forecast 2020-2025
Exhibit 42: APAC – Market size and forecast 2020-2025 ($ billion)
Exhibit 43: APAC – Year-over-year growth 2020-2025 (%)
8.6 South America – Market size and forecast 2020-2025
Exhibit 44: South America – Market size and forecast 2020-2025 ($ billion)
Exhibit 45: South America – Year-over-year growth 2020-2025 (%)
8.7 MEA – Market size and forecast 2020-2025
Exhibit 46: MEA – Market size and forecast 2020-2025 ($ billion)
Exhibit 47: MEA – Year-over-year growth 2020-2025 (%)
8.8 Key leading countries
Exhibit 48: Key leading countries
8.9 Market opportunity by geography
Exhibit 49: Market opportunity by geography ($ billion)
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
Exhibit 50: Impact of drivers and challenges
9.3 Market trends
10 Vendor Landscape
10.1 Vendor landscape
Exhibit 51: Vendor landscape
10.2 Landscape disruption
10.3 Competitive scenario
11 Vendor Analysis
11.1 Vendors covered
Exhibit 54: Vendors covered
11.2 Market positioning of vendors
Exhibit 55: Market positioning of vendors
11.3 AMS BOWFISHING
Exhibit 56: AMS BOWFISHING – Overview
Exhibit 57: AMS BOWFISHING – Product and service
Exhibit 58: AMS BOWFISHING – Key offerings
11.4 Carbon Tech
Exhibit 59: Carbon Tech – Overview
Exhibit 60: Carbon Tech – Product and service
Exhibit 61: Carbon Tech – Key offerings
11.5 Darton Archery LLC
Exhibit 62: Darton Archery LLC – Overview
Exhibit 63: Darton Archery LLC – Product and service
Exhibit 64: Darton Archery LLC – Key offerings
11.6 Escalade Inc.
Exhibit 65: Escalade Inc. – Overview
Exhibit 66: Escalade Inc. – Product and service
Exhibit 67: Escalade Inc. – Key offerings
11.7 Gold Tip LLC
Exhibit 68: Gold Tip LLC – Overview
Exhibit 69: Gold Tip LLC – Product and service
Exhibit 70: Gold Tip LLC – Key offerings
11.8 Precision Shooting Equipment Inc.
Exhibit 71: Precision Shooting Equipment Inc. – Overview
Exhibit 72: Precision Shooting Equipment Inc. – Product and service
Exhibit 73: Precision Shooting Equipment Inc. – Key offerings
11.9 SAMICK SPORTS
Exhibit 74: SAMICK SPORTS – Overview
Exhibit 75: SAMICK SPORTS – Product and service
Exhibit 76: SAMICK SPORTS – Key offerings
11.10 Southwest Archery USA
Exhibit 77: Southwest Archery USA – Overview
Exhibit 78: Southwest Archery USA – Product and service
Exhibit 79: Southwest Archery USA – Key offerings
11.11 SRS Archery
Exhibit 80: SRS Archery – Overview
Exhibit 81: SRS Archery – Product and service
Exhibit 82: SRS Archery – Key offerings
11.12 The Bohning Co. Ltd.
Exhibit 83: The Bohning Co. Ltd. – Overview
Exhibit 84: The Bohning Co. Ltd. – Product and service
Exhibit 85: The Bohning Co. Ltd. – Key offerings
12 Appendix
12.1 Scope of the report
12.2 Currency conversion rates for US$
Exhibit 86: Currency conversion rates for US$
12.3 Research methodology
Exhibit 87: Research Methodology
Exhibit 88: Validation techniques employed for market sizing
Exhibit 89: Information sources
12.4 List of abbreviations
Exhibit 90: List of abbreviations
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