Archery Equipment Market in the US 2018-2022
About Archery Equipment
Archery is a sport that requires a bow to propel arrows. Initially, archery was used for hunting and the equipment included deadly weapons used in battlefields. Archery equipment mainly consists of bows, arrows, and other gears used for safety.
Technavio’s analysts forecast the archery equipment market in the US to grow at a CAGR of 8.58% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the archery equipment market in the US for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Archery Equipment Market in the US 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Archery Equipment Market in the US 2018-2022
Technavio recognizes the following companies as the key players in the archery equipment market in the US: Bear Archery, Gold Tip, Mathews Archery, New Archery Products, and PRECISION SHOOTING EQUIPMENT.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in number of women participants. The shrinking gender gap between the number of male and female players in Olympic Games is gaining traction in the market. The participation of women in outdoor sports such as archery has increased considerably over the last few years with an equal number of men and women participants.”
According to the report, one driver in the market is institutional bodies supporting archery. Governments across the globe have assigned special governing bodies, associations, and federations for proper development and growth of archery. For instance, Archers Association of America, Archery Association of India, and Archery Association of Serbia have also been established.
Further, the report states that one challenge in the market is presence of counterfeit products. The archery equipment market in the US is marked by the presence of both established and local brands. The presence of local brands presents multiple options of varying price points.
Bear Archery, Gold Tip, Mathews Archery, New Archery Products, and PRECISION SHOOTING EQUIPMENT.