Archery Equipment Market Share & Trends [2033]

Archery Equipment Market Overview

The Archery Equipment Market size was valued at USD 4467.54 million in 2024 and is expected to reach USD 7590.66 million by 2033, growing at a CAGR of 6.1% from 2025 to 2033.

The global archery equipment market has experienced substantial growth in recent years, driven by increased participation in archery sports and hunting activities. In 2024, the market was valued at approximately USD 4.74 billion, with projections indicating continued expansion in the coming years. This growth is attributed to factors such as the rising popularity of archery as a recreational activity, increased media coverage of international tournaments, and the incorporation of archery in educational institutions. North America holds a significant share of the market, accounting for over 38.0% in 2024.

The United States, in particular, has a deep-rooted tradition of hunting and extensive participation in both recreational and competitive archery. In 2024, the U.S. archery equipment market was valued at USD 1.2 billion. Product-wise, bows and bow accessories constitute a major segment, with arrows registering the fastest growth during the forecast period. The market is segmented into bows and bow accessories, arrows, and other archery equipment, catering to applications in hunting, sports, and others.

Key Findings

Driver: The increasing popularity of archery as a recreational and competitive sport is a primary driver of market growth.

Top Country/Region: North America, particularly the United States, dominates the market with over 38.0% share in 2024.

Top Segment: Bows and bow accessories represent the largest product segment, while arrows are the fastest-growing segment.

Archery Equipment Market Trends

The archery equipment market is witnessing several key trends that are reshaping its landscape and driving consumer demand across multiple regions. One of the most prominent trends is the growing popularity of archery as a recreational and competitive sport. As of 2024, over 23 million people in the United States alone are actively participating in archery-related activities, up from 20.1 million in 2021. This rise is further boosted by organizations like USA Archery, which recorded a 15% growth in membership between 2022 and 2024. The increasing inclusion of archery in school curriculums and university-level sports programs is also contributing to this trend. The National Archery in the Schools Program (NASP) has reached over 19 million students across 47 U.S. states, expanding its influence each year. Another significant trend is the surge in bowhunting activities, particularly in North America and parts of Europe. For example, 35% of licensed hunters in the U.S. reported using bows in 2023, compared to 29% in 2020, leading to higher demand for compound bows, broadheads, and scent-masking accessories. The integration of advanced materials such as carbon fiber, magnesium alloys, and CNC-machined aluminum in bows and arrows is driving innovation in the product segment, offering increased durability, precision, and user customization. In 2023, carbon fiber-based bows and arrows accounted for over 47% of product sales, a significant leap from 39% in 2021.

Additionally, digital and smart technologies are being adopted in archery gear, including laser rangefinders, GPS tracking quivers, and digital bow sights, appealing to tech-savvy consumers and professionals. E-commerce continues to dominate as a distribution channel, with online sales of archery equipment growing by 22% year-over-year between 2022 and 2024. This trend is most noticeable in Asia-Pacific and North America, where platforms selling sports equipment have expanded their archery offerings significantly. Female participation in archery is also on the rise, now comprising 40% of all global archery participants, up from 32% in 2018. As a result, manufacturers are developing lighter, ergonomically optimized gear specifically designed for women and youth archers. Environmentally conscious product development is another emerging trend, with biodegradable targets, recyclable arrows, and synthetic-free bowstrings gaining traction among eco-aware consumers. The growing number of international tournaments, such as the World Archery Championships, is helping promote global awareness and encouraging new entrants into the market. These trends collectively highlight a shift toward inclusivity, innovation, and sustainability in the archery equipment market.

Archery Equipment Market Dynamics

DRIVER

Rising popularity of archery as a recreational and competitive sport.

The surge in interest in archery is evident through increased participation in local and international tournaments. For example, the World Archery Federation reported a 20% increase in registered archers over the past three years. This growing interest is further fueled by media coverage and the portrayal of archery in popular culture, leading to higher demand for equipment.

RESTRAINT

High cost of advanced archery equipment.

While technological advancements have improved equipment performance, they have also led to increased costs. High-quality compound bows can range from USD 500 to USD 1,500, making them less accessible to beginners and casual enthusiasts. This price barrier can deter potential entrants to the sport.

OPPORTUNITY

Expansion into emerging markets.

Emerging economies present untapped potential for market growth. Countries like India and Brazil are witnessing increased interest in archery, supported by government initiatives and sports programs. For instance, India's archery equipment market is projected to reach USD 143.3 million by 2030. Expanding into these markets offers manufacturers new avenues for growth.

CHALLENGE

Lack of standardized regulations and safety concerns.

The absence of uniform safety standards and regulations across regions poses challenges. Inconsistent rules regarding equipment specifications and usage can lead to safety issues and hinder international trade. Establishing standardized guidelines is crucial to ensure safety and facilitate market expansion.

Archery Equipment Market Segmentation

The archery equipment market is segmented by type and application, catering to diverse consumer needs.

By Type

Bows and Bow Accessories: This segment includes recurve bows, compound bows, and traditional longbows, along with accessories like sights, stabilizers, and arrow rests. In 2024, bows accounted for a significant portion of the market, with a valuation of USD 1,182.8 million. The demand is driven by both professional athletes and recreational users seeking high-performance equipment.
Arrows: are essential components, with advancements in materials enhancing performance. Carbon fiber and aluminum arrows are popular for their durability and accuracy. The arrow segment is the fastest-growing, reflecting increased participation in archery activities.
Other Archery Equipment: This category encompasses quivers, arm guards, finger tabs, and targets. These accessories are crucial for safety and improved performance, with consistent demand across all user levels.

By Application

Hunting: Archery hunting is prevalent in regions like North America, where regulations permit bow hunting seasons. Hunters require specialized equipment, including broadhead arrows and camouflage gear, contributing to steady demand in this segment.
Sports: Competitive archery, including Olympic events and local tournaments, drives demand for high-precision equipment. Sports applications account for a significant share, with ongoing investments in training facilities and coaching programs.
Others: This segment includes recreational archery, educational programs, and historical reenactments. The incorporation of archery in schools and community centers has expanded the user base, promoting growth in this category.

Archery Equipment Market Regional Outlook

The archery equipment market exhibits varied performance across different regions, influenced by cultural practices, regulatory frameworks, and consumer preferences.

North America

leads the global market, with the United States accounting for a substantial share. In 2024, the U.S. market was valued at USD 1.2 billion. The region's strong hunting culture, coupled with organized sports programs, sustains high demand for archery equipment.

Europe

holds a significant market share, driven by countries like Germany, France, and the United Kingdom. The region emphasizes traditional archery and hosts numerous tournaments, fostering consistent demand. Government support for sports and recreational activities further bolsters the market.

Asia-Pacific

region is experiencing rapid growth, with countries like India and China emerging as key markets. India's market is projected to reach USD 143.3 million by 2030, driven by increasing interest in archery as a sport and historical tradition. China, Japan, and South Korea also report rising participation rates in both traditional and modern archery formats. Regional federations and sports initiatives are strengthening infrastructure and encouraging grassroots development, contributing to the robust demand for archery equipment.

Middle East & Africa

region is emerging as a promising market for archery equipment. Countries such as the United Arab Emirates and South Africa are investing in outdoor sports infrastructure. In the UAE, government-backed sports academies are incorporating archery into their training curriculums. Africa, with its strong hunting heritage and growing youth sports interest, is seeing increased uptake in both traditional and competitive archery, driving consistent sales growth in basic and mid-tier equipment.

List of Top Archery Equipment Companies

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

Mathews Archery: As of 2024, Mathews Archery holds the largest share in the premium bow segment, accounting for approximately 13.5% of the global market. Their dominance is attributed to innovative designs such as the V3X series and the continual rollout of flagship compound bows, popular among competitive archers and hunters.

Easton Archery: Easton Archery controls around 11.2% of the global market, leading the arrow segment. Known for their high-performance carbon and aluminum arrows, Easton’s products are used by Olympic and professional archers worldwide, maintaining their legacy in precision and reliability.

Investment Analysis and Opportunities

The archery equipment market is attracting significant investments, particularly in R&D, manufacturing capabilities, and global expansion. With the sport gaining recognition worldwide, brands are channeling capital toward enhancing product performance, user safety, and design innovation. In 2023, Mathews Archery invested over USD 10 million into its Wisconsin facility to expand production capacity and integrate automation technologies. This move was aimed at reducing lead times and meeting growing demand from both domestic and international markets. Similarly, Easton Archery allocated USD 6.2 million toward the development of next-generation arrows with improved aerodynamics and durability, which will support archers in competitions and hunting scenarios alike. Governments are also contributing to the market’s investment landscape. For instance, the U.S. Fish and Wildlife Service provided over USD 9 million in grants to state wildlife agencies to promote outdoor recreational activities, including bowhunting. These investments indirectly drive archery equipment sales by encouraging participation. Opportunities are also abundant in e-commerce and digital marketing. In 2024, online sales contributed to 28% of total archery equipment transactions, indicating a significant shift in consumer purchasing behavior. Retailers and manufacturers are investing in digital platforms to reach new demographics, particularly in emerging economies like India, Indonesia, and South Africa.

Educational programs present another major opportunity. Initiatives such as the National Archery in the Schools Program (NASP) continue to grow, involving over 19 million students since its inception. Brands that partner with such programs stand to benefit from early brand exposure and loyalty. Investments in training infrastructure, including indoor archery ranges and digital simulators, are also rising. The market also shows promise in the youth and women's segments. In 2024, women made up 40% of active archers globally. Companies like Bear Archery and PSE Archery are developing equipment tailored to female ergonomics, opening doors to new revenue streams. Similarly, youth archery kits have seen a 17% growth in sales year-on-year, signaling strong long-term market potential. Overall, the archery equipment market presents a fertile ground for strategic investments, especially in product innovation, international expansion, digital retail, and consumer education. As participation rates grow and technology continues to evolve, opportunities are expected to multiply, making it a highly dynamic and lucrative sector for stakeholders across the supply chain.

New Product Development

Innovation is a central driver of competitiveness in the archery equipment market, with manufacturers constantly developing new products to meet evolving consumer demands. Product development efforts are heavily focused on increasing accuracy, reducing weight, improving ergonomics, and enhancing overall user experience. In 2023, Mathews Archery launched its V3X 29 and V3X 33 compound bows. These bows featured a new Bridge-Lock Sight System, Nano 740 Damper, and Stay Afield System (S.A.S), which improved balance, reduced vibration, and allowed for emergency maintenance in the field. The V3X series was acclaimed for its lightweight build (under 4.5 lbs) and modular design, becoming a preferred choice among bowhunters and competitive archers alike. Easton Archery, a leader in arrow technology, introduced the Avancé line in late 2023. These arrows incorporated high-modulus carbon fiber with enhanced spine alignment technology, offering greater consistency and penetration. The product was tested in various competitive scenarios and showed a 12% improvement in grouping precision compared to previous models. In the accessories segment, New Archery Products unveiled the Killzone Swingfire broadheads, which utilize pivoting blade technology that adapts to bone and tissue for improved wound channels. This development was particularly aimed at ethical hunting practices, gaining positive feedback from conservation groups and hunting associations.

Bear Archery focused on entry-level and intermediate users, releasing the Resurgence RTH compound bow package in early 2024. The model featured an adjustable draw weight (55-70 lbs), customizable cams, and pre-installed accessories like sights and stabilizers, offering an all-in-one solution. This product drove a 14% increase in sales within the first two quarters of 2024. Precision Shooting Equipment (PSE) released the Mach 34, a carbon-riser bow with E2 and EC2 cam systems for improved energy efficiency and reduced hand shock. Weighing just under 3.65 lbs, the Mach 34 stood out as one of the lightest high-performance bows available, appealing to both elite athletes and experienced hunters. Quiver and accessory innovations have also gained momentum. Axion Archery launched a modular quiver system with adjustable mounts and noise-dampening inserts. The product received widespread attention for its practicality in field applications. These new product developments illustrate the industry’s ongoing commitment to innovation. The integration of advanced materials, customization options, and multifunctional components continues to push the boundaries of traditional archery gear, catering to a broad range of users from casual enthusiasts to professional athletes.

Five Recent Developments

Mathews Archery introduced the V3X compound bow series in early 2023, achieving a 19% sales increase within six months of launch.
Easton Archery released the Avancé high-performance arrow line in late 2023, reporting a 12% improvement in competitive performance metrics.
Bear Archery launched the Resurgence RTH bow kit in 2024, specifically targeting the mid-tier consumer segment, boosting category sales by 14%.
New Archery Products developed Swingfire broadheads with pivoting blade technology, widely adopted in ethical hunting communities.
PSE Archery released the Mach 34 carbon riser bow in 2024, noted for its industry-low weight of under 3.65 lbs and superior vibration control.

Report Coverage of Archery Equipment Market

This comprehensive report on the archery equipment market offers detailed insights into key components, including market trends, dynamics, segmentation, regional outlook, company profiling, and investment opportunities. It provides a granular analysis of product types such as bows, arrows, and accessories, segmented by their end applications in hunting, sports, and others. The report evaluates historical market data from 2020 to 2024 and projects forward-looking estimates up to 2030. It identifies key trends such as the growing adoption of advanced materials (carbon fiber, aluminum), the influence of global tournaments, and the rise of virtual training solutions in archery practice. Additionally, the report analyzes the impact of digital retail platforms, particularly in boosting direct-to-consumer sales. Regional analysis in the report covers North America, Europe, Asia-Pacific, and the Middle East & Africa, highlighting market behaviors specific to each geography. For instance, the North American market is driven by hunting and organized school sports programs, while Asia-Pacific is fueled by cultural traditions and growing government-backed sports initiatives. The market dynamics section explores drivers, restraints, opportunities, and challenges with supporting facts and figures.

Major drivers such as increasing sports participation and innovation in equipment are contrasted against challenges like high equipment costs and lack of standardization across regions. Top market players profiled in the report include Mathews Archery, Easton Archery, Bear Archery, and others. Each company profile features market share, product portfolios, recent developments, and strategic initiatives. The report also outlines recent investments in manufacturing capabilities, partnerships with sports institutions, and research into user-centric product design. Through segmentation analysis, the report dives deep into performance across product types and applications, providing detailed assessments of current and future demand. For example, the bows and accessories segment shows stable dominance, while the arrow segment is rapidly growing due to material innovations. Investment analysis highlights emerging opportunities in youth archery programs, women-centric designs, and digital platforms. The report concludes by mapping growth strategies for stakeholders such as manufacturers, retailers, sports organizations, and investors, offering a roadmap to capitalize on evolving consumer trends and technological advancements in the archery equipment market.