The global demand for Crossbows Market is presumed to reach the market size of nearly USD 2034.51 MN by 2030 from USD 742.92 MN in 2022 with a CAGR of 13.42% under the study period 2023 - 2030.
A crossbow is a type of ranged combat weapon made up of horizontally arranged components that resemble bows mounted on a frame, and it functions with an elastic that launches the arrow. They are extensively utilized in contemporary archery, target practice, and other hunting activities.
The growing enthusiasm of people for outdoor activities is the major driving factor for the crossbow market expansion. The rising sports activities in institutions encouraging archery are anticipated to fuel the crossbow market growth. Furthermore, the increasing technological advancements for improving crossbows by enhancing their design and making them lighter and easier to use are expected to boost the market growth of crossbows. Government incentives to encourage sports like archery and raising public awareness may propel the market growth of crossbows. Numerous manufacturers are working on making the crossbow more functional and faster, like improving its power stroke and adding sharp angles. Such advancements are anticipated to drive crossbow market growth. However, the heavy build of the bow, which is more than a regular size bow because of its material, can be challenging to carry, handle, and function, which might hamper the market growth of crossbows.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of crossbows. The growth and trends of crossbows industry provide a holistic approach to this study.
This section of the crossbows market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
By Price
By Distribution Channel
This section covers the regional outlook, which accentuates current and future demand for the Crossbows market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the crossbows market include TenPoint Crossbow Technologies, Crosman Corporation, Parker Bows, Poe Lang Enterprise Co. Ltd, Bowtech, Barnett Crossbows, Darton Archery, EK Archery, Jiaozuo Sanlida Archery Equipment, Centerpoint Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.