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.
Frequently Asked Questions:
- Based on segmentation by product, which is the leading segment in the market?
The bows and bows accessories segment led the market share during 2020 and is likely to continue its dominance during the forecast period. - What is the top driver in the market?
The rise in consumer preference for adventure sport is notably driving the market growth. - At what rate is the market projected to grow?
The market will grow at a CAGR of 6.91% during the forecast period. - What is the key challenge hampering market growth?
The presence of counterfeit products is likely to hamper market growth. - How big is the European market?
38% of the growth will originate from
