Cross Bow Market: Global Industry Analysis and Forecast (2023-2029)

Cross Bow Market size was valued at US$ 801.43 Mn. in 2022. Compound Bows, one of the segments reviewed in our reports dominated the Cross Bow Market.
Cross Bow Market Overview:
A crossbow is a ranged combat weapon consisting of horizontally placed bow-like components mounted on a frame. They are widely used in modern archery, competitive shooting, and other hunting activities. Crossbow has undergone many changes and advances in technology and design, increasing market demand. They are widely used for hunting, competitive shooting, and other activities in modern archery.To know about the Research Methodology :- Request Free Sample Report
Cross Bow Market Dynamics:
The big advantage of crossbows is that they are easier to use and stronger than regular bows. Crossbows are now available in many designs, are faster and lighter, and new technologies are introduced into the production process and increasing the demand in the market.

The introduction of advanced technology in the manufacturing process has made crossbows available in a variety of designs, making them faster and lighter, leading to demand and market growth. Consumers' preference for outdoor sports like archery is growing. Many sports academies, private sports institutions, and governments are raising people's awareness of sports and promoting archery, further supporting the growth of the crossbow market.

Consumer interest in outdoor activities such as archery is increasing and many sports academies, private sports institutions, and governments are raising public awareness and promoting archery, contributing to the growth of the crossbow market. South Korea is a leader in archery. Some of the best archers in the world are from South Korea. These factors are driving the growth of crossbows in the market.

TenPoint introduces the Carbon Phantom RCX Crossbow with reverse cams on the limbs as the latest technological advancement in the 2020 crossbow. By reversing the cam, you can improve the power stroke of the crossbow by adding a sharp angle between the limbs and the end of the rail. The faster the arrow fires, the longer the power stroke. This advancement is increasing the demand for crossbows in the market.

A crossbow is heavier than a regular bow due to its material and fasteners and is difficult to transport. The huge size and weight of the crossbow also make it difficult for hunters to reload the crossbow for quick follow-up shots. The crossbow is much larger when fired than a compound or regular bow and the availability of counterfeit products in the market. These factors are restraining the market.

Market trends and challenges are analyzed and compiled in the report. The data of 2021 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2017 to 2021 with market forecast until 2029.
Cross Bow Market Segment Analysis:
By Product, Compound Bows dominated the market with a 57 % share in 2021. They are less dependent on physical fitness, thus providing greater accuracy and power from a greater distance. The horizontal limbs of the crossbow make it easier to support the shaft for additional stability. Since there is no movement, the hunter does not have to decide when to move. The shooter lays under tall grass bait and is ready to fire without the need for a partner. These are the major factors driving the segment growth in the market.

Recurve Crossbow is expected to grow at a CAGR of 6 % through the forecast period. This is usually one of the easiest single-string crossbows to use. This is generally the first type of crossbow for beginners. Modern back bows are used in hunting and shooting sports. It is made of various materials such as wood, carbon fiber, magnesium, and alloys. Most curving bows are lightweight and require little maintenance. These crossbows gain traction due to factors such as durability and lightweight. The limbs are made of high-pressure material because they have a large amount of energy to tolerate. Composite crossbows are stiffer than Recurve crossbows and therefore emit more energy when fired. These factors are expected to drive the growth of the segment in the market through the forecast period.



By Application, the Hunting segment dominated the market with a 40 % share in 2021. Crossbow hunting is a useful wildlife management technique for facilitating the establishment of healthy animal populations and improving ecosystems. Increasing hunting sports etc. these factors are driving the segment growth in the market.

Shooting Sports is expected to grow at a CAGR of 8.1 % through the forecast period. Increasing shooting sports globally and in Olympics. Shooting sports have a lot of potential in the sports and leisure world. The physical and emotional health benefits of sports shooting can be quantified. Even state-of-the-art micro-acoustic weapons are now detected by roaring and vigilant enemies, but crossbows are not. This is expected to be one of the main factors driving the market segment over the forecast period.
Regional Insights:
North America region dominated the market with a 43 % share in 2021. Due to the growth and popularity of archery in the region. The growing popularity of outdoor sports is driving the crossbow market and Development based on market research equipment and existing players that have established a solid position in the market from the beginning. Government agencies, organizations, external managers, and others are committed to creating customer-oriented articles that also contribute to demand growth. Increased interest, rising wages, pioneering innovations, and equipment. These factors are driving the growth of the product in the region.

Asia Pacific is expected to grow at a CAGR of 5 % through the forecast period. Crossbows are usually at a higher level in the Asia Pacific region, with the world's largest companies primarily based in developed in this region. This region has more modern equipment and greater R & D capabilities. Manufacturing costs are a competitive disadvantage as China's crossbow continues to improve its manufacturing technology and is available at a low cost compared to others. These factors are expected to drive the market growth in this region through the forecast period.

The objective of the report is to present a comprehensive analysis of the Cross Bow market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Cross Bow market dynamics, structure by analyzing the market segments and project the Cross Bow market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cross Bow market make the report investor’s guide.
Cross Bow Market Scope: Inquiry Before Buying



Cross Bow Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
7%
US$ 801.43 Mn
US$ 1286.92 Mn


Segments Covered


by Product
Compound Bows
Recurve Crossbow
by Application
Hunting
Shooting Sports
Army


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players:
1. TenPoint Crossbow Technologies
2. Crosman Corporation
3. Parker Bows
4. Poe Lang Enterprise Co., Ltd
5. Bowtech
6. Barnett Crossbows
7. Darton Archery
8. EK Archery
9. Jiaozuo Sanlida Archery Equipment
10. Centerpoint Corporation
11. PSE Archery
12. Mathews
13. Eastman Outdoors
14. Armex Archery
15. Man Kung
16. Sanlida

1] What segments are covered in the Cross Bow Market report?
Ans. The segments covered in the Cross Bow Market report are based on Product and Application.

2] Which region is expected to hold the highest share in the Cross Bow Market?
Ans. Asia Pacific Region is expected to hold the highest share in the Cross Bow Market.

3] What is the market size of Cross Bow Market by 2029?
Ans. The market size of Cross Bow Market by 2029 is US $ 1286.92 Mn.

4] Who are the top key players in the Cross Bow Market?
Ans. TenPoint Crossbow Technologies, Crosman Corporation, Parker Bows Poe Lang Enterprise Co. Ltd, Bowtech, Barnett Crossbows, Darton Archery, EK Archery, Jiaozuo Sanlida Archery Equipment, Centerpoint Corporation,

5] What was the market size of Cross Bow Market in 2022?
Ans. The market size of Cross Bow Market in 2022 was US $ 801.43 Mn.