Global Archery Equipment Market Expected to Reach USD 7.0 Billion by 2033 - IMARC Group

Global Archery Equipment Market Statistics, Outlook and Regional Analysis 2025-2033

The global archery equipment market size was valued at USD 4.2 Billion in 2024, and it is expected to reach USD 7.0 Billion by 2033, exhibiting a growth rate (CAGR) of 5.31% from 2025 to 2033.

The global archery equipment market is witnessing a notable surge, owing to the increasing popularity of archery. For instance, according to Statista, in 2023, the number of people in England who participated in archery grew over the previous year. In 2023, over 27 thousand people participated in archery in England. With its roots deeply embedded in ancient traditions, archery has evolved into a modern, engaging activity that appeals to individuals across various age groups. The sport's combination of precision, focus, and physical coordination has garnered widespread attention, prompting enthusiasts to seek high-quality archery equipment. As people look for fulfilling ways to spend their leisure time, archery offers a unique blend of physical exercise and mental concentration. This burgeoning interest has translated into a growing demand for bows, arrows, targets, and accessories. 

Moreover, the global archery equipment market is experiencing an upswing, driven by the growing awareness about the holistic benefits of archery. Beyond its role as a recreational pursuit, archery is recognized for its positive impact on physical fitness, mental well-being, and overall stress relief. For instance, according to an article published by Elite Archery, archery is an excellent means to escape the stresses of everyday life. As archers draw their bows and discharge their arrows, they experience a state of flow in which their brains are completely immersed in the current moment. As individuals seek ways to lead balanced lifestyles, archery offers a distinct avenue for self-improvement. Simultaneously, the repetitive actions involved in archery aid in enhancing muscular strength, hand-eye coordination, and posture. This dual advantage of fostering mental acuity and physical health has attracted a diverse demographic, including both seasoned athletes and newcomers. Besides this, the worldwide archery equipment market is growing as a result of the increased number of international sports events focusing on archery and its incorporation into school and college curricula. Archery's significance in global contests, including the Olympics and regional tournaments, has raised the sport's visibility, attracting interest from fans and aspiring athletes all over the world. This increased exposure has not only instilled an appreciation for archery but has also increased demand for high-quality archery equipment to enhance performance. Furthermore, the inclusion of archery in educational institutions' curricula has introduced the activity to a new generation, resulting in a consistent need for beginner-friendly archery equipment. Also, various colleges are organizing archery events, which is further propelling the market's growth. For instance, in October 2024, consumer durables company Usha, in collaboration with the Ladakhi Craft & Design Skill Centre and the Department of Physical Education and Sports, Govt Degree College Kargil, Ladakh, organized Dah-Fangs, a traditional archery tournament on the College grounds in Kargil. The event had 80 male and female participants competing in teams, with an enthusiastic local crowd of students and community members cheering them on.

Global Archery Equipment Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share, owing to the increasing number of sports tournaments.

North America Archery Equipment Market Trends:

North America dominates the worldwide archery equipment market because the region has a long history of outdoor activities and sports, with archery playing a role in this cultural tapestry. This historical association has resulted in a robust archery community and a great passion for the sport. Furthermore, the presence of well-known archery associations, clubs, and institutions has aided the sport's growth by offering a venue for skill development and structured tournaments. For instance, in July 2024, USA Archery launched the new 3D Achievement Program, which is exclusively available to USA Archery members through USA Archery Clubs. The program is intended to help archers improve their 3D archery knowledge and skills while also preparing them to compete in 3D archery tournaments. Participants will receive skill-based achievement certificates by participating in a range of hands-on activities centered on Equipment, Distance Judging, Scoring, and Conservation. These factors further propel the market growth.

Europe Archery Equipment Market Trends:

European countries have active national archery associations that promote the sport through events, training programs, and youth initiatives. For instance, in November 2024, Archery GB, the national governing body, launched a new project as part of a strategy to promote archery clubs and increase the sport's popularity in the UK. The Archery GB Club Development Programme, known as Ontarget, will provide clubs with a development framework, including funding and Archery GB-branded materials, further propelling the market demand.

Asia Pacific Archery Equipment Market Trends:

Governments in countries like India are actively promoting archery through substantial investments and initiatives. For instance, in June 2022, India's Ministry of Youth Affairs and Sports approved INR 75 lakh to host the "Khelo India National Ranking Women Archery Tournament," aiming to foster a competitive environment for aspiring female archers.

Latin America Archery Equipment Market Trends:

Governments in the region are actively promoting sports, including archery, through investments and programs aimed at enhancing sports infrastructure and encouraging participation. For example, the Brazilian government has been investing in sports development programs to foster talent and increase public engagement in various sports, including archery.

Middle East and Africa Archery Equipment Market Trends:

The establishment of archery clubs and recreational centers across the region provides accessible venues for practice and competition. For example, the Dubai Archers Club in the United Arab Emirates offers training and facilities for both beginners and experienced archers, promoting community engagement and sustaining interest in the sport.

Top Companies Leading in the Archery Equipment Industry

Some of the leading archery equipment market companies include Bear Archery (Escalade Inc.), Crossman Corporation, Easton Archery, Gold Tip, Mathews Archery, New Archery Products, Precision Shooting Equipment, The Outdoor Group LLC, and The Bohning Company, among many others. For instance, in February 2023, Mathews Archery, Inc. introduced the Bow of NASP programs, which use the single-cam Genesis' 15- to 30-inch draw length and 10- to 20-pound draw weight.

Global Archery Equipment Market Segmentation Coverage

• On the basis of the product, the market has been bifurcated into bows and bow accessories, arrows, and others, wherein bows and bow accessories represented the largest segment owing to the continual advancements in bow technology, encompassing innovations in materials, design, and manufacturing processes.
• Based on the end user, the market is categorized into individual consumer, clubs and gaming zones, and sports organizers, amongst which individual consumer represented the largest segment. This is primarily driven by the personalization and customization options, which allow individuals to tailor their archery equipment to their specific preferences and skill levels.
• On the basis of the distribution channel, the market has been divided into speciality and sports shops, departmental and discount stores, online stores, and others. Among these, speciality and sports shops represented the largest segment as they offer a distinct advantage of hands-on experience that online platforms cannot replicate.

Browse IMARC Related Reports on Archery Equipment Market:

• Asia Pacific Archery Equipment Market Report
   
• Europe Archery Equipment Market Report
   
• United States Archery Equipment Market Report