The prospects and development of bow and arrow archery

Archery is an outdoor recreational sport.
We are one of the earliest companies in China to engage in bow and arrow related industries. We have accumulated rich industry technical experience through years of intensive cultivation.
Economic development is the main driving force for bow and arrow outdoor sports. Compared with developed countries,
In 2019, the participation rate of bow and arrow outdoor sports in my country was only 10%, far lower than the 50% in the United States.
In 2021, the per capita consumption expenditure of bow and arrow outdoor sports products in my country was only US$4, while the United States was 16 times that of my country. Therefore, there is a broad space for the domestic outdoor archery market.
Since 2020, residents' travel has been restricted and urban entertainment venues have been suspended due to the epidemic. Urban outdoor entertainment activities with both leisure and social attributes have become increasingly popular. Niche outdoor sports markets such as archery are experiencing rapid development.

Under the normal epidemic prevention and control situation, the people's demand for improving health and getting close to nature will stimulate the supply of outdoor archery products and services, and increase the momentum of the development of the archery industry.

At present, my country's archery industry is still in its early stages of development, and the market potential needs to be further released. During the "14th Five-Year Plan" period, my country will enter a new development stage, and the archery industry will usher in new development opportunities. The new development pattern with the domestic big cycle as the main body and the domestic and international double cycles promoting each other will stimulate the development vitality of the archery industry.