Crossbows Market – Introduction
A crossbow is a ranged weapon that consists of a bow like assembly mounted horizontally on a frame. They are widely used for hunting in modern archery, competitive shooting sports, and other activities. Crossbows have undergone many changes and developments in terms of technology and design in the past few years which has increased their demand in the market.
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Key Drivers of the Crossbows Market
- A major advantage of crossbows is that they are easy to use and are more powerful than regular bows. Also, with the adoption of advanced technology in the manufacturing process, crossbows are now available in different designs, offer better speed, and are also lighter in weight which has resulted in their increased demand and market growth.
- Consumer preference toward outdoor sports such as archery is growing. Also, many sports academies, private sports agencies, and governments are increasing awareness about sports among people and promoting archery, which further helps in the growth of the crossbows market.
Factors Restraining the Crossbows Market
- Crossbows are heavier because of their material and accessories and therefore are difficult to carry around than regular bows. Also, the large size and weight of crossbows makes it difficult for hunters to reload it for a quick follow up shot. These factors negatively affect the demand for crossbows in the market.
- Further, crossbows are significantly louder to shoot than compound or regular bows. Also, the availability of counterfeit products in the market is expected to impact the demand for crossbows and hamper its market growth.
Key Players Operating in the Crossbows Market
The global crossbows market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global crossbows market are:
- 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
Global Crossbows Market: Research Scope
Global Crossbows Market, by Type
- Recurve Crossbow
- Compound Crossbow
- Pistol Crossbows
- Rifle Crossbows
- Bullet Crossbows
- Others (Repeating Crossbows, etc.)
Global Crossbows Market, by Application
- Hunting
- Target Shooting
- Others
Global Crossbows Market, by Price
- Low
- Medium
- High
Global Cognac Market, by Distribution Channel
- Online
- E-commerce Websites
- Company Owned Websites
- Offline
- Supermarket/Hypermarket
- Specialty Store
- Others
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