The Asia Pacific archery equipment market is currently witnessing moderate growth. Archery equipment refers to gears and tools, including bow and arrows, finger tabs, bracers, stringers, quiver, bow stands, and targets. A bow is a flexible staff attached to the string for pulling the arrow easily. The bowstring helps to string and unstring the bow, while the finger tab helps prevent injury on fingers.
The introduction of digitalized tools represents one of the primary factors driving the sales of archery equipment in the Asia Pacific region. Apart from this, the growing consciousness among individuals about the benefits of archery, including enhanced upper body strength, and improved focus and hand-eye coordination, is positively influencing the growth of the market. Furthermore, the rising number of sports clubs and gaming zones and the easy availability of advanced training facilities for archers are driving the market. However, the outbreak of the coronavirus disease (COVID-19) and the imposition of lockdown restrictions in various countries of the region have led to temporary closures of leading manufacturing units. This has negatively affected the overall market growth. It will witness normalcy once lockdown restrictions are uplifted. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific archery equipment market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product, end-user, and distribution channel.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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