The Europe archery equipment market is currently witnessing moderate growth. Archery equipment refers to tools and gears that are utilized while doing archery. It comprises a bow, string, bracer, quiver, finger tab, bow stand, bow stringer, target and arrows. The string finds application in aligning and pulling the arrow, while the finger tab is used to protect the fingers.
The market is presently experiencing growth on account of the increasing trade shows by the Archery Trade Association (ATA) in Europe. Apart from this, the leading players in the region are investing significantly in advertising campaigns to boost their sales and consequently expand their consumer base. Furthermore, the thriving e-commerce sector, along with the increasing number of sports clubs and gaming zone, is bolstering the market growth. However, the outbreak of the coronavirus disease (COVID-19) and the imposition of lockdown restrictions by several countries have resulted in temporary closures of operations at various manufacturing units. This has disrupted the supply chain and negatively impacted the overall market growth. It is anticipated to recover once government authorities in the region introduce lockdown relaxations. 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 Europe 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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