Archery Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Archery Equipment Market is projected to expand from USD 2.67 Billion in 2025 to USD 3.36 Billion by 2031, registering a compound annual growth rate of 3.91%. This sector includes the production and sale of bows, arrows, targets, and various accessories designed for hunting, competitive sports, and recreational activities. Key growth drivers include the increasing incorporation of archery into educational physical education programs and a rising global interest in individual outdoor sports. Additionally, the widespread visibility of competitive archery tournaments helps sustain demand among new enthusiasts, providing a stable source of revenue that extends beyond temporary consumer trends.

Institutional support remains strong, with the National Archery in the Schools Program announcing in 2025 that it had reached a milestone of operating in over 10,000 schools. However, despite this positive engagement, the market faces significant hurdles due to the high costs associated with the advanced materials needed for modern equipment. The expense of precision manufacturing often leads to premium retail pricing, which creates barriers for entry-level participants and limits potential sales volume in developing regions where consumers are more price-sensitive.

Market Drivers

The growing prominence of archery as a competitive and Olympic sport serves as a powerful engine for the global equipment market, fueling demand for high-performance recurve bows and precision accessories. This momentum is significantly amplified by digital engagement strategies that connect elite professional events with a younger, international audience, effectively turning casual viewers into active participants. According to World Archery's 2024 Annual Activity Report released in June 2025, the federation and its members amassed a combined 3.6 million followers across social media platforms, demonstrating the extensive digital reach that supports this market growth.

Simultaneously, the bowhunting and wildlife management sectors provide a consistent revenue stream, particularly for compound bows and broadheads. This driver is reinforced by a conservation funding model where equipment sales generate tax revenue used to improve public land access, creating a self-sustaining cycle of growth. In October 2025, the Archery Trade Association reported that the industry contributed over $10.6 million in excise taxes during the final quarter of the fiscal year, highlighting the economic scale of hunting equipment sales. Furthermore, the National Archery in the Schools Program noted in 2024 that 23.5 million students have been introduced to the sport since its inception, securing a robust pipeline of future customers.

Market Challenges

A primary obstacle hindering the expansion of the Global Archery Equipment Market is the prohibitive cost of advanced materials and precision manufacturing. As manufacturers increasingly rely on high-performance composites and alloys to enhance accuracy and durability, production costs rise, resulting in premium retail prices. This economic barrier makes the sport less accessible to beginners and younger demographics who may lack the disposable income for expensive gear, making it difficult for the industry to convert casual interest into sustained sales, particularly in developing regions where affordable alternatives are limited.

The industry's emphasis on high-value, performance-oriented products was evident during recent commercial events. For instance, the Archery Trade Association hosted 450 exhibitors at its 2025 annual trade show to present the latest innovations. While this turnout reflects a vibrant supply chain, the dominance of high-cost inventory highlights a disconnect between technological advancement and consumer affordability. By prioritizing premium models, the market inadvertently restricts its potential customer base, thereby slowing widespread adoption and overall volume growth.

Market Trends

The shift toward Direct-to-Consumer (DTC) and online retail channels is fundamentally altering the distribution landscape as manufacturers aim to secure higher margins and better control over the brand experience. By utilizing proprietary e-commerce platforms, brands can bypass traditional intermediaries to offer exclusive products and personalized options directly to end-users. This vertical integration allows companies to quickly adapt to consumer behaviors and buffer against physical retail volatility. For example, Escalade, Inc. reported in October 2024 that its owned e-commerce sales grew by over 29% year-over-year, illustrating the growing effectiveness of digital storefronts.

Concurrently, the development of lightweight and compact bow designs is driving significant product innovation, especially within the hunting segment where mobility is essential. Engineering breakthroughs are enabling the creation of ultra-compact crossbows and short-axle compound bows that deliver high power without the bulk of traditional frames, catering to users in dense terrain. The Archery Trade Association's Retail Trend Tracker Survey from March 2025 indicated that national crossbow sales increased by 10 points in the fourth quarter of 2024 compared to the previous year, underscoring the accelerating consumer preference for these ergonomic, high-performance platforms.

Key Players Profiled in the Archery Equipment Market

• Easton Technical Products, Inc.
• Mathews Archery, Inc.
• Bear Archery, Inc.
• Heritage Outdoor Group LLC
• Bowtech, Inc.
• Ragim S.r.l.
• Tenpoint Crossbow Technologies
• Southwest Archery
• Good Sportsman's Marketing, LLC
• Elite Outdoors LLC

Report Scope

In this report, the Global Archery Equipment Market has been segmented into the following categories:

Archery Equipment Market, by Equipment Type:

• Bow
• Arrows
• Broadheads
• Crossbow

Archery Equipment Market, by Sales Channel:

• Supermarkets/Hypermarkets
• Specialty Stores
• Online
• Others

Archery Equipment Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Archery Equipment Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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