Compound Bow Market Report 2026

The compound bow market size has grown strongly in recent years. It will grow from $1.67 billion in 2025 to $1.82 billion in 2026 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to rising participation in archery sports, growth of hunting as a recreational activity, availability of advanced composite materials, expansion of sporting goods retail networks, increasing interest in outdoor sports.

The compound bow market size is expected to see strong growth in the next few years. It will grow to $2.53 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing adoption of technologically advanced archery equipment, rising demand for personalized sports gear, expansion of competitive archery events, growing focus on sustainable material usage, increasing online sales of archery equipment. Major trends in the forecast period include increasing adoption of advanced cam and pulley systems, growing demand for lightweight and high-strength bow materials, expansion of customizable compound bow configurations, rising focus on precision and accuracy enhancements, enhanced integration of ergonomic bow designs.

The growing participation in outdoor recreational activities is expected to drive the growth of the compound bow market in the coming years. Outdoor recreational activities include pursuits such as archery, hunting, and target shooting for fitness and leisure. Participation in these activities is rising as more individuals seek healthy, engaging, and nature-based experiences, particularly following the pandemic. Compound bows support this trend by offering precision, ease of use, and adaptability, making them suitable for both beginners and professionals involved in recreational shooting. They also enhance outdoor engagement by providing improved performance, safety, and user satisfaction. For example, in March 2025, the U.S. Fish and Wildlife Service reported that participation in archery target shooting reached 19 million Americans, within a total target-shooting population of 47 million. Therefore, the growing participation in outdoor recreational activities is driving the expansion of the compound bow market.

Key companies in the compound bow market are focusing on technological advancements such as carbon riser technology to enhance stability, vibration damping, and shooting accuracy. Carbon riser technology involves constructing the riser, the central frame connecting the limbs, from high-strength carbon fiber materials instead of traditional aluminum. For example, in January 2025, Hoyt Archery, a US-based manufacturer of premium archery equipment, launched the RX-9 Ultra, designed to address key challenges in modern bowhunting performance. The RX-9 Ultra features advanced Carbon Riser Technology for superior stability, vibration damping, and shooting accuracy. It is equipped with the fourth-generation HBX Cam System, allows ¼-inch draw length adjustments, customizable let-off settings (75%, 80%, and 85%), and precise tuning for individual shooting styles. Weighing only 4.3 pounds with a 33.5-inch axle-to-axle length, it offers enhanced balance, minimal hand shock, and a quiet shooting experience, ideal for hunters seeking speed, comfort, and precision.

In February 2023, Heritage Outdoor Group, a US-based holding company specializing in the acquisition and growth of premium outdoor brands, acquired PSE Archery for an undisclosed amount. Through this acquisition, Heritage Outdoor Group aims to strengthen its portfolio in the outdoor recreation industry and expand its product offerings in the archery equipment segment. PSE Archery is a US-based manufacturer known for high-performance compound bows and archery accessories, serving both professional archers and hunting enthusiasts with innovative design and superior craftsmanship.

Major companies operating in the compound bow market are Mathews Archery, Hoyt Archery, Bowtech Archery, Bear Archery, Elite Archery, Darton Archery, APA Innovations Inc., PSE Archery, Martin Archery, Mission Archery, Athens Archery, Xpedition Archery, New Breed Archery, Obsession Bows, Alchemy Archery, Sanlida Archery, Win And Win Archery, Bowtech Carbon Rose, Predator Archery, Oneida Eagle Bows.

North America was the largest region in the compound bow market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compound bow market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the compound bow market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The compound bow market consists of sales of arrows, bow sights, stabilizers, release aids, and maintenance accessories. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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