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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

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ksm 23.06.07

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
  • Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

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

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
    • 1.2.1. Crossbows Market, by Region, 2019-2029 (USD Billion)
    • 1.2.2. Crossbows Market, by Type, 2019-2029 (USD Billion)
    • 1.2.3. Crossbows Market, by Application, 2019-2029 (USD Billion)
    • 1.2.4. Crossbows Market, by Industry Vertical, 2019-2029 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Crossbows Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Crossbows Market Dynamics

  • 3.1. Crossbows Market Impact Analysis (2019-2029)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Increasing interest in outdoor gaming and recreational activities
      • 3.1.1.2. Growing popularity of archery as a sports
    • 3.1.2. Market Challenges
      • 3.1.2.1. High Cost associated with Crossbows
      • 3.1.2.2. Lack of penetration in developing economies
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Increasing number of product developments from leading market players
      • 3.1.3.2. Rising expansion of organized sports events

Chapter 4. Global Crossbows Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
  • 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
  • 4.3. PEST Analysis
    • 4.3.1. Political
    • 4.3.2. Economical
    • 4.3.3. Social
    • 4.3.4. Technological
  • 4.4. Top investment opportunity
  • 4.5. Top winning strategies
  • 4.6. Industry Experts Prospective
  • 4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

  • 5.1. Assessment of the overall impact of COVID-19 on the industry
  • 5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Crossbows Market, by Type

  • 6.1. Market Snapshot
  • 6.2. Global Crossbows Market by Type, Performance - Potential Analysis
  • 6.3. Global Crossbows Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
  • 6.4. Crossbows Market, Sub Segment Analysis
    • 6.4.1. Re-curve Crossbow
    • 6.4.2. Compound Crossbow

Chapter 7. Global Crossbows Market, by Application

  • 7.1. Market Snapshot
  • 7.2. Global Crossbows Market by Application, Performance - Potential Analysis
  • 7.3. Global Crossbows Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
  • 7.4. Crossbows Market, Sub Segment Analysis
    • 7.4.1. Hunting
    • 7.4.2. Target Shooting

Chapter 8. Global Crossbows Market, by Industry Vertical

  • 8.1. Market Snapshot
  • 8.2. Global Crossbows Market by Industry Vertical, Performance - Potential Analysis
  • 8.3. Global Crossbows Market Estimates & Forecasts by Industry Vertical 2019-2029 (USD Billion)
  • 8.4. Crossbows Market, Sub Segment Analysis
    • 8.4.1. Sports
    • 8.4.2. Others

Chapter 9. Global Crossbows Market, Regional Analysis

  • 9.1. Crossbows Market, Regional Market Snapshot
  • 9.2. North America Crossbows Market
    • 9.2.1. U.S. Crossbows Market
      • 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
      • 9.2.1.2. Application breakdown estimates & forecasts, 2019-2029
      • 9.2.1.3. Industry Vertical breakdown estimates & forecasts, 2019-2029
    • 9.2.2. Canada Crossbows Market
  • 9.3. Europe Crossbows Market Snapshot
    • 9.3.1. U.K. Crossbows Market
    • 9.3.2. Germany Crossbows Market
    • 9.3.3. France Crossbows Market
    • 9.3.4. Spain Crossbows Market
    • 9.3.5. Italy Crossbows Market
    • 9.3.6. Rest of Europe Crossbows Market
  • 9.4. Asia-Pacific Crossbows Market Snapshot
    • 9.4.1. China Crossbows Market
    • 9.4.2. India Crossbows Market
    • 9.4.3. Japan Crossbows Market
    • 9.4.4. Australia Crossbows Market
    • 9.4.5. South Korea Crossbows Market
    • 9.4.6. Rest of Asia Pacific Crossbows Market
  • 9.5. Latin America Crossbows Market Snapshot
    • 9.5.1. Brazil Crossbows Market
    • 9.5.2. Mexico Crossbows Market
    • 9.5.3. Rest of Latin America Crossbows Market
  • 9.6. Rest of The World Crossbows Market

Chapter 10. Competitive Intelligence

  • 10.1. Top Market Strategies
  • 10.2. Company Profiles
    • 10.2.1. Bowtech
      • 10.2.1.1. Key Information
      • 10.2.1.2. Overview
      • 10.2.1.3. Financial (Subject to Data Availability)
      • 10.2.1.4. Product Summary
      • 10.2.1.5. Recent Developments
    • 10.2.2. TenPoint Crossbow Technologies
    • 10.2.3. Barnett Crossbows
    • 10.2.4. Crosman
    • 10.2.5. PSE Archery
    • 10.2.6. Parker Bows
    • 10.2.7. Darton Archery
    • 10.2.8. Eastman Outdoors
    • 10.2.9. EK Archery
    • 10.2.10. Armex Archery

Chapter 11. Research Process

  • 11.1. Research Process
    • 11.1.1. Data Mining
    • 11.1.2. Analysis
    • 11.1.3. Market Estimation
    • 11.1.4. Validation
    • 11.1.5. Publishing
  • 11.2. Research Attributes
  • 11.3. Research Assumption
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