Some of us have been in the sport for a long time; not because we're special, but because we are old 8^). I can tell you, we had no where near the outlets for quality traditional bows that is out there today, no matter how you look at the ratio.
In Pennsylvania, our numbers (total bowhunters) grew three-fold when the compound hit the market.
Some of those folks are deferring to the recurves and longbows now. Many are switching completely, but some are buying them to perhaps add a little more challenge to what they see as a sport getting much too technical.
What is interesting, is that in a time when overall hunter numbers are declining, traditional bows are selling better than ever; that tells me that those we are losing are not really committed sportsmen and are moving on to new toys. In my view, that may not be a bad thing......quality over quantity any day.
I talk to compound shooters every year in our sporting goods department, and it becomes clear that many are getting sick of the built-in obsolescence of the wheeled weapons and accessories. And, it is not uncommon to hear them talking about trying the recurve or longbow to get away from it.
If you just look at longevity of the traditional bowyers/manufacturers, you don't see many fly-by-nights; most have been around now for quite a time, and we still have new bowyers showing up annually. It's a good time to be in traditional archery, or getting into it. Lots of choices.