Hunting Bows Market Report 2026

The hunting bows market size has grown strongly in recent years. It will grow from $1.56 billion in 2025 to $1.66 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to established hunting traditions in north america and europe, availability of regulated hunting seasons, growth in outdoor recreational activities, expansion of specialty sporting goods retailers, improvements in archery manufacturing techniques.

The hunting bows market size is expected to see strong growth in the next few years. It will grow to $2.14 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing interest in sustainable hunting practices, rising demand for premium and professional-grade bows, expansion of e-commerce channels for archery equipment, increasing focus on precision sports training, growth in outdoor sports participation. Major trends in the forecast period include increasing use of lightweight composite bow materials, rising demand for high-precision compound bows, growing popularity of recreational and sport hunting, expansion of customizable bow accessories, enhanced focus on accuracy and ergonomic design.

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 companies operating 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, Win&Win Archery Co. Ltd.

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

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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