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The archery equipment market size is forecast to increase by USD 1.52 billion at a CAGR of 7.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing popularity of archery as a recreational and competitive sport among target archers and bowhunters. Modern materials and advanced technologies, which provide real-time shooting data, are enhancing the user experience and making archery a more effective and efficient practice companion. Additionally, the rise of online gaming, along with innovations in sports equipment and digital platforms, is further driving interest in archery and expanding its appeal to a broader audience. However, the market faces challenges including the presence of counterfeit products and the need for durability, particularly in recurve and compound bows. To stay competitive, manufacturers must focus on producing high-quality, authentic equipment using innovative materials and design techniques to meet the evolving needs of consumers. By addressing these trends and challenges, the market is poised for continued growth and success.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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