LONDON--(BUSINESS WIRE)--Technavio has been monitoring the archery equipment market in US and it is poised to grow by USD 564.31 mn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the archery equipment market in US. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
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What are the major trends in the market?
Rising popularity of archery as a sport is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 8% and the incremental growth of the market is anticipated to be $ 564.31 mn. -
Who are the top players in the market?
Axion Archery, Bear Archery Inc., Carbon Tech, Custom Archery Supply LLC, Hoyt Archery, Mathews Archery Inc., New Archery Products Inc., Precision Shooting Equipment Inc., Trophy Ridge, and and Vista Outdoor Inc., are some of the major market participants. -
What is the key market driver?
The support from institutional bodies is one of the major factors driving the market. -
How big is the bows & bows accessory market?
The bows & bows accessory segment will contribute to 60% of the market share.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Axion Archery, Bear Archery Inc., Carbon Tech, Custom Archery Supply LLC, Hoyt Archery, Mathews Archery Inc., New Archery Products Inc., Precision Shooting Equipment Inc., Trophy Ridge, and and Vista Outdoor Inc. are some of the major market participants. The support from institutional bodies will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this archery equipment market in US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Archery equipment market in US 2020-2024: Segmentation
Archery equipment market in US is segmented as below:
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Product
- Bows And Bows Accessories
- Arrows
- Others
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Distribution Channel
- Offline
- Online
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Archery equipment market in US 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The archery equipment market in US report covers the following areas:
- Archery equipment market in US Size
- Archery equipment market in US Trends
- Archery equipment market in US Industry Analysis
This study identifies rising popularity of archery as a sport as one of the prime reasons driving the archery equipment market in US growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Archery equipment market in US 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist archery equipment market in US growth during the next five years
- Estimation of the archery equipment market in US size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the archery equipment market in US
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of archery equipment market in US vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Bows and bows accessories - Market size and forecast 2019-2024
- Arrows - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer landscape
- Overview
- Volume drivers- Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Axion Archery
- Bear Archery Inc.
- Carbon Tech
- Custom Archery Supply LLC
- Hoyt Archery
- Mathews Archery Inc.
- New Archery Products Inc.
- Precision Shooting Equipment Inc.
- Trophy Ridge
- Vista Outdoor Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
