Global Crossbows Market Size study & Forecast, by Type (Re-curve Crossbow, Compound Crossbow), by Application (Hunting, Target Shooting), by Industry Vertical (Sports, Other) and Regional Analysis, 2022-2029

Global Crossbows Market Size study & Forecast, by Type (Re-curve Crossbow, Compound Crossbow), by Application (Hunting, Target Shooting), by Industry Vertical (Sports, Other) and Regional Analysis, 2022-2029

Global Crossbows Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Crossbow can be defined as a ranged weapon that is comprised of a bow-like assembly mounted horizontally on a frame. These are widely used for hunting in modern archery, competitive shooting sports, and other outdoor recreational activities. The increasing interest in outdoor gaming and recreational activities and growing popularity of archery as sports are key factors driving the market growth.

The rising interest in outdoor recreational activities is contributing towards the growth of the Global Crossbows Market. For instance – according to Outdoor Industry Association’s 2022 Outdoor Participation Trends Report – in 2019, in the United States, around 152.5 million individuals participated in outdoor activities, and this number further increased to 161.3 million in 2020, and further 165.6 million in 2021. Also, increasing number of new product developments from leading market players as well as rising expansion of organized sports events would create lucrative growth opportunities for the market over the projected period. However, high cost associated with Crossbows coupled with lack of penetration in developing economies hinders the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Crossbows Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the growing popularity of outdoor sports as well as presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of organized sporting events as well presence of leading regional market players which would offer lucrative growth opportunities for the market over the projected period.

Major market players included in this report are:
Bowtech
TenPoint Crossbow Technologies
Barnett Crossbows
Crosman
PSE Archery
Parker Bows
Darton Archery
Eastman Outdoors
EK Archery
Armex Archery

Recent Developments in the Market:
In December 2022, TenPoint launched its NEW 430 Feet-Per-Second, 6.5-inch narrow Viper 430™ with NEW 100-Yard Scope and Safe De-Cocking feature.

Global Crossbows Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Industry Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type
Re-curve Crossbow
Compound Crossbow

By Application
Hunting
Target Shooting

By Industry Vertical
Sports
Other

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Bowtech
TenPoint Crossbow Technologies
Barnett Crossbows
Crosman
PSE Archery
Parker Bows
Darton Archery
Eastman Outdoors
EK Archery
Armex Archery

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