Crossbows Market Analysis and Industry Forecast, 2020-2027

[sonali sharma]

The global crossbows market is experiencing a significant growth, and is expected to grow considerably in next few years. A crossbow is an archery weapon that consists of a bow like assembly, mounted horizontally on a main frame, which is hand held similar to stock of a long gun, uses elastic launching device similar to a bow for shooting. Crossbows have a long history and have undergone many design and technology developments in the past few years, majorly for hunting and target shooting.

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Market scope and structure analysis:

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast units

Value ($US)

Segments covered

Type, Application, Industry Vertical, and Region

Regions covered

North America (U.S. and Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA)

Companies covered

Bowtech, TenPoint Crossbow Technologies, Barnett Crossbows, Crosman, PSE Archery, Parker Bows, Darton Archery, Eastman Outdoors, EK Archery, Armex Archery, Man Kung, Poe Lang.

COVID-19 Scenario Analysis:

Corona virus has spread all over the world and most countries are adopting lockdown measures to control the spread of the virus and securing public health. The impact of corona can be seen in everything from dining tables to the economy. All business and production activities are fully shut down except necessary ones such as food and medical sector, leading toward economic crisis in the country. Manufacturing and production functions are stopped, which has slowed down businesses and inactive trade and transportation has fully disrupted the supply chain, owing to which companies can face big losses in the future.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in interest in gaming and recreational activities and participation in shooting games of consumers are expected to drive the market for crossbows. Other factors that drive the market growth for crossbows are governments of various countries has created governing bodies such as Archers Association of America and Archers Association of Serbia for proper growth and development of archery. Global association known as Archers Association have also been established for the growth and development of archery, which are altogether pushing the market growth worldwide

The global crossbows market trends are as follows:

New product launches to flourish the market
New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Companies have made many changes and innovative developments in design of crossbows for its better functionality and experience. Companies have reduced weight and friction, increased hardness, resilience, durability, and enhanced strength to weight ratio, which has made crossbows more better weapons.

Key Segments Covered:

Segments

Subsegments

Type

Re-curve Crossbow
Compound Crossbow
Others
Application

Hunting
Target Shooting
Others
Industry Vertical

Sports
Others

Key Benefits of the Report:

This study presents the analytical depiction of the global crossbows industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global crossbows market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global crossbows market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global crossbows market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions Answered in the Crossbows Market Research Report:

What are the leading market players active in the crossbows market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
What would be the detailed impact of COVID-19 on the market?