A bow maker set with interchangeable components is disclosed herein. In one embodiment, a bow making device kit includes a base assembly having a body component defining a needle mounting receptacle, a catch mounting receptacle, and fork mounting grooves. The bow making device kit could also include a needle assembly removably attachable to the needle mounting receptacle. The bow making device kit could also include a plurality of forks removably attachable to the fork mounting grooves. Each fork could have a base with a plurality of prongs extending therefrom. The plurality of forks circumscribe the needle assembly when the needle assembly and the plurality of forks are attached to the base assembly. The bow making device kit could also include a catch assembly removably attachable to the catch mounting receptacle. The catch assembly could have a plurality of fingers with movable inserts biased inwardly to contact each other.