Cross Bow Market is to grow at a 7% CAGR, with North America leading the market through 2030

Market to Hit USD 1377 Bn by 2030

Cross Bow Market was USD 857.53 Mn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 7% from 2024 to 2030, reaching USD 1377 Mn by 2030. The demand for crossbows is rising due to advancements in technology, such as the development of lighter, faster, and more accurate models. Manufacturers have integrated modern materials, offering designs that improve durability and enhance the user experience. This, coupled with increasing consumer interest in outdoor sports, including archery and hunting, is significantly fueling the market's growth. Additionally, crossbows are now regarded as easier to use compared to traditional bows, which makes them attractive to both beginners and seasoned users. Technological innovations, like TenPoint's Carbon Phantom RCX crossbow with reverse cams, have also led to better performance, which has positively impacted the demand. Furthermore, government initiatives to promote archery sports globally are increasing awareness, further pushing the market forward.

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Cross Bow Market Segmentation:

By Product: Compound Bows dominated the Cross Bow Market in 2023 with a 57% market share. These crossbows are more accurate and powerful compared to traditional bows due to their design, which allows for less dependence on physical fitness. They provide greater stability and improved precision from longer distances, making them ideal for hunting and competitive shooting. The horizontal limbs and advanced designs make them easier to operate, while features such as reduced movement further improve the user experience.

By Application: Hunting segment led the Cross Bow Market in 2023, accounting for 40% of the market share. Crossbow hunting is an efficient wildlife management tool that contributes to healthier animal populations and improves ecosystems. The growing popularity of hunting sports, combined with the ease of using crossbows for hunting, is a key driver for this segment's growth.

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Cross Bow Market Regional Analysis:

North America, dominated the Cross Bow Market in 2023, accounting for 43% of the total market share. The region has seen consistent growth in archery and outdoor sports, driving demand for crossbows. Government initiatives, coupled with the increasing popularity of competitive shooting and hunting activities, have contributed to this growth.

Asia Pacific, region is expected to grow at a CAGR of 5% through 2030. With major manufacturing companies based in China, the region has witnessed a significant boost in crossbow production. As the world's largest market for manufacturing, China continues to improve its crossbow technology, offering cost-effective solutions.

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Market Competitive Landscape

TenPoint: In Mar 2025, unveiled the innovative Carbon Phantom RCX, a crossbow featuring reverse cams that improve accuracy and power stroke. This technological leap is expected to drive the company's dominance in the market.

Crossbow Manufacturer: In Mar 2025, A leading crossbow manufacturer reported exceeding its sales target by 30% in Q1 2025, reflecting a growing consumer interest in hunting and shooting sports.

Archery Sports: In Feb 2025, South Korea continues to lead global archery achievements, boosting demand for crossbows in competitive shooting and recreational activities.

Conclusion

North America leads the market, holding 43% of the market share, driven by increasing participation in archery and hunting.
The Hunting segment holds a significant share, with crossbows becoming an essential tool due to portability and effectiveness.
Technological advancements, such as TenPoint's Carbon Phantom RCX crossbow, continue to drive demand.

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