The latest report by IMARC Group, titled “Asia Pacific Archery Equipment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The Asia Pacific archery equipment market size reached US$ 952 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,358 Million by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Archery equipment includes several tools and gear essential for the practice and sport of archery. It includes a bow, arrows, quivers, sights, stabilizers, bow cases, release aids, targets, protective gears, chronographs, bowstring, and accessories. Archery revolves around two main types of bows, including compound bows and recurve bows. For instance, compound bows are modern, featuring pulleys and cables for enhanced accuracy and power. Recurve bows are more traditional and have a simple curve shape. Additionally, arrows are the projectiles used in archery, which consist of a shaft, fletching (feathers or vanes for stability), and a tip, which can vary from field points for practice to broadheads for hunting while quivers are used to hold arrows while shooting and can be attached to the bow or worn on the archer's hip or back for quick access to arrows.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/asia-pacific-archery-equipment-market/requestsample
Asia Pacific Archery Equipment Market Trends and Drivers:
The Asia Pacific archery equipment market, is primarily driven by the rising interest in archery as a recreational sport and competitive activity. It is gaining popularity among individuals of all age groups, from beginners to seasoned athletes. In addition, the growing awareness about the physical and mental benefits of practicing archery is considered an excellent sport for improving focus, concentration, and hand-eye coordination, which is influencing the market growth. As more individuals recognize these advantages, they are inclined to invest in archery equipment, further driving market growth. Moreover, several technological advancements by manufacturers developing innovative products, such as high-performance bows and arrows, advanced sights, and improved materials, represent another major growth-inducing factor. Also, archers are inclined to upgrade their equipment to stay competitive, driving market growth. Besides this, the easy accessibility due to improved distribution channels and increased accessibility to archery equipment are accelerating the market growth. Along with this, e-commerce platforms have made it easier for consumers to browse, compare, and purchase archery equipment, making it convenient for enthusiasts to acquire the gear they need, thus propelling the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Bows and Bow Accessories
- Arrows
- Others
Breakup by End User:
- Individual Consumer
- Clubs and Gaming Zones
- Sports Organizers
Breakup by Distribution Channel:
- Speciality and Sports Shops
- Departmental and Discount Stores
- Online Stores
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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