Hunting Bows Global Market Report 2025

The hunting bows market size has grown strongly in recent years. It will grow from $1.46 billion in 2024 to $1.56 billion in 2025 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to the increasing popularity of recreational archery, rising hunting participation rates, growing preference for precision shooting sports, expansion of archery training facilities, and higher disposable income among outdoor enthusiasts.

The hunting bows market size is expected to see strong growth in the next few years. It will grow to $2.01 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing investment in outdoor recreational activities, rising adoption of lightweight and durable materials, expansion of e-commerce distribution channels, and growing participation in archery tournaments and clubs. Key trends in the forecast period include technological advancements in compound and crossbow design, innovations in materials for lightweight and high-strength bows, development of smart bows with integrated sensors, research and development in noise reduction and vibration control, and advancements in bowstring and limb technologies.

The increasing popularity of archery is expected to drive the growth of the hunting bows market in the coming period. Archery popularity refers to rising participation in archery-related activities, including competitive target shooting, recreational practice, and bowhunting. This growth is also fueled by increased media exposure, which raises awareness and attracts new participants to the sport. Hunting bows support archery popularity by offering advanced designs and improved accuracy, making the sport more accessible and enjoyable for both beginners and experienced archers. They enhance participation by providing better performance and a more engaging shooting experience, boosting interest in archery activities. For example, in May 2024, according to the Department of Environmental Conservation, a US-based governmental agency, New York hunters harvested 223,304 deer, representing a 6.4 percent increase from 209,781 deer harvested in 2023, with archery hunters contributing significantly to the overall harvest growth. Therefore, the rising popularity of archery is fueling the growth of the hunting bows market.

Key companies in the hunting bows market are focusing on developing smart bows with integrated technology, such as real-time shot data tracking systems, to improve shooting accuracy and archer performance. A real-time shot data tracking system refers to technology that records and analyzes an archer’s bow movements and performance metrics during each shot, providing instant feedback through connected digital platforms. For instance, in November 2023, Mathews Archery Inc., a US-based compound bow manufacturer, introduced the LIFT hunting bow featuring advanced integrated technology for hunters. The system includes the all-new SwitchWeight X Cam, delivering speeds up to 348 FPS while maintaining compatibility with shot sense technology that integrates directly into the riser for real-time performance tracking. The LIFT also features the KURE 3-Pivot Parallel Cam System, engineered to provide a seamless draw cycle with a solid back wall and real-time shot data tracking. It includes an integrated Convergent Stability System and a highly adjustable Pro Connect Grip, enabling enhanced balance and a repeatable hand position for superior accuracy and reduced torque without compromising speed.

In February 2023, Heritage Outdoor Group LLC, a US-based investment holding company, acquired PSE Archery LLC for an undisclosed amount. Through this acquisition, Heritage Outdoor Group strengthened its archery market offering, enabling the company to provide customers with a wider range of high-performance archery products featuring advanced technology and proven performance. PSE Archery LLC is a US-based company that manufactures high-performance hunting bows and other archery equipment.

Major players in the hunting bows market are Excalibur Crossbow Inc., Barnett Crossbows LLC, Mathews Inc., Bowtech Archery LLC, Bear Archery Inc., TenPoint Crossbow Technologies Inc., Hoyt Archery Inc., Martin Archery Inc., Ravin Crossbows LLC, Darton Archery Inc., Xpedition Archery LLC, Prime Archery LLC, Elite Archery Inc., Obsession Bows LLC, AMS Bowfishing Inc., Samick Sports Co. Ltd., Ten Ring Archery LLC, Gearhead Archery LLC, Mission Archery LLC, and Win&Win Archery Co. Ltd.

North America was the largest region in the hunting bows market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in hunting bows report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hunting bows market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the recreation sector, particularly in the supply of imported sports equipment, outdoor gear, and leisure products. Manufacturers and retailers are facing higher costs for items such as bicycles, camping gear, fitness machines, and gaming consoles, much of which are sourced from overseas with limited domestic alternatives. Small businesses operating in the recreational retail space are especially affected, with some reducing inventory or increasing prices to offset margin pressure. Event organizers and recreational facilities are also facing cost hikes for imported equipment and infrastructure materials. In response, the industry is exploring alternative sourcing from tariff-free regions, increasing reliance on local suppliers, and urging policymakers to consider exemptions for non-essential but widely used recreational products.

The hunting bows market research report is one of a series of new reports that provides hunting bows market statistics, including the hunting bows industry global market size, regional shares, competitors with the hunting bows market share, detailed hunting bows market segments, market trends, and opportunities, and any further data you may need to thrive in the hunting bows industry. This hunting bows market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Hunting bows are specialized bows designed for hunting animals, crafted for accuracy, power, and ease of use in outdoor conditions. They can be traditional, such as recurve or longbows, or modern, such as compound bows, and are used to shoot arrows at game for sport or sustenance. These bows allow hunters to humanely and effectively harvest animals from a distance while ensuring precision and adequate force.

The key types of hunting bows are axle-to-axle ≤31 inches and axle-to-axle >31 inches. Axle-to-axle ≤31 indicates a bow measurement where the distance between the two axles is 31 inches or less, typically representing a compact and highly maneuverable design. These include various crossbows such as pistol crossbows, rifle crossbows, recurve crossbows, compound crossbows, and high-powered crossbows, along with different archery equipment, including arrows, targets, protective gear, bow maintenance tools, and training equipment. Accessories such as bow cases, quivers, sights, stabilizers, and bow strings are also included, and they are commonly used in racing and entertainment.

The hunting bows market consists of sales of takedown bows, crossbows, bow risers, limbs, cams and wheels, bowstrings, cables, arrow shafts, broadheads and field points, release aids, cocking devices, nocking points, peep sights, and other 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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