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Archery Equipment Market in the US 2018-2022 | Rise in the Number of Women Participants to Boost Growth | Technavio

November 20, 2019 GMT
Archery Equipment Market in the US 2018-2022 | Rise in the Number of Women Participants to Boost Growth | Technavio
Archery Equipment Market in the US 2018-2022 | Rise in the Number of Women Participants to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 20, 2019--

The archery equipment market in the US is expected to post a CAGR of almost 9% during the period 2018-2022, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled US archery equipment market 2018-2022. (Graphic: Business Wire)

The US government has assigned special governing bodies, associations, and federations to encourage archery in the country. These institutional bodies organize competitions at specific intervals of time to increase awareness of the sport and find budding players. The Junior Olympic Archery Development (JOAD) program in the US teaches archery to young people. It also provides opportunities and a platform to develop their skills and helps archers enjoy the sport recreationally. Such support programs are encouraging people to join archery, which is one of the key factors driving the growth of the archery market in the US.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR21601

As per Technavio, the rise in the number of women participants will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.

Archery Equipment Market in the US: Rise in the Number of Women Participants

The participation of women in outdoor sports such as archery has significantly increased over the past few years. According to estimates, more than four million women are currently involved in archery and the number is expected to increase significantly during the forecast period. To capitalize on this trend, vendors are introducing archery equipment specifically designed for women. These factors are expected to positively impact the growth of the archery equipment market in the US.

“Increased use of carbon nanotechnology in archery equipment and rise in product visibility and accessibility through online retailing will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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Archery Equipment Market in the US: Segmentation Analysis

This market report segments the archery equipment market in the US by product (bows and bows accessories, arrows, and other archery equipment) and distribution channel (offline stores and online stores).

The offline distribution channel led the market in 2017, followed by the online distribution channel. During the forecast period, the offline distribution channel is expected to maintain its dominance over the market. This is due to increasing sales of archery equipment in sports specialty stores in the US.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005717/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD: UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER SPORTS SPORTS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/20/2019 01:30 PM/DISC: 11/20/2019 01:31 PM

http://www.businesswire.com/news/home/20191120005717/en