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The United States archery equipment market is currently witnessing strong growth. Archery equipment refers to a set of tools and gears utilized while doing archery. It comprises arrows, bows, finger tabs, bracers, stingers, targets and bow stands. Amongst these, the bow is a flexible staff attached to a string at both ends, which is utilized for pulling the arrow. An arrow is a long stick with a pointed tip and stabilizer fins mounted against the bowstring.
The US Government is undertaking numerous initiatives to conduct archery programs for children in schools. It is organizing competitions that promote archery as a professional sport and encourage public participation. This represents one of the key factors creating a positive impact on the archery equipment market. Apart from this, the burgeoning e-commerce sector, in confluence with aggressive promotional campaigns initiated by leading players, is strengthening the market growth. However, the coronavirus disease (COVID-19) outbreak, imposition of lockdowns in the country and temporary halt in the operations of several manufacturing units have negatively influenced the market. It will subsequently witness growth once lockdown restrictions are uplifted. Looking forward, the market is expected to continue its strong growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the United States 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.
Breakup by Product:
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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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