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Fishing Equipment Market Size to hit USD 31,835.53 Mn, by 2028 at 4.2% CAGR: The Insight Partners

The scope of our recent study on the “Fishing Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Fishing Rods, Nets and Traps, Hooks, Reels, Fishing Lines, Sinkers, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)” includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with providing market share analysis.

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The fishing equipment market is projected to reach US$ 31,835.53 million by 2028 from US$ 23,799.79 million in 2021; it is expected to register a CAGR of 4.2% from 2021 to 2028. Fishing equipment is in high demand due to an increase in fishing activities across the globe. Increasing participation in recreational fishing and the growth of fish-based tourism in developing countries are the key factors driving the fishing equipment market. Activities related to fishing tourism are carried out by professional fishermen and use well-equipped boats and equipment necessary for fishing to ensure general safety and hygiene. Key players providing fishing equipment are working on their product line expansion and novel technology implementation to address consumer demand for fish hunting equipment. Thus, the growth of e-commerce channels holds promising opportunities for the growth of the market.

Impact of COVID-19 Pandemic on Fishing Equipment Market

The ongoing pandemic had dramatically influenced the consumer goods sector and negatively impacted the growth of the fishing equipment market. The implementation of measures to combat the COVID-19 spread had impacted the growth of several industrial sectors. Many sectors, including the consumer goods industry, faced unprecedented challenges due to the COVID-19 pandemic. Various countries enforced country-wide lockdowns during the pandemic, which negatively impacted recreational fishing activities. In Europe and Asia Pacific, restrictions on recreational fishing and travel lowered the number of fishing activities, negatively impacting the demand for fishing equipment. Tourism, recreational activities, and cultural services faced an indefinite lockdown in countries such as Argentina and Germany. However, a few countries allowed recreational fishing during the lockdown, which positively affected the demand for fishing equipment. Countries such as Denmark, the US, and Canada had no restrictions on recreational fishing activities during the lockdown. In Denmark, the sales of mandatory licenses for recreational fishing increased by 24% compared to previous years.

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The report segments the fishing equipment market as follows:

Based on type, the global fishing equipment market is segmented into fishing rods, nets and traps, hooks, reels, fishing lines, sinkers, and others. The fishing rods segment held the largest share in the global fishing equipment market in 2020 due to its ease of use and simplicity. These products enhance crankbaits, jerk baits, shaky heads, and drop shotting by effectively launching lighter lures into deeper water. Based on distribution channel, the market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment is expected to grow because the staff is knowledgeable and trained to explain the benefits and specifications of the products to customers so that they can find their product of interest that best suits them.

The fishing equipment market is segmented into five regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2020, Europe dominated the demand for fishing equipment, which is expected to expand at a high rate throughout the forecast period. The presence of numerous anglers in Europe will lead to a surge in fishing activities across the region, which will result in escalating demand for fishing equipment. In addition, supportive government initiatives and policies across various countries have supported and developed the recreational fishing sector, leading to increased fishing activities in the region.

Based on type, the market is segmented into fishing rods, nets and traps, hooks, reels, fishing lines, sinkers, and others. Based on distribution channel, the market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

Question and Answers

Q.1. Can you list some of the major players operating in the Global Fishing Equipment Market?

Ans. The major players operating in the global fishing equipment market are Eagle Claw Fishing Tackle Co., Okuma Fishing Tackle Co. Ltd., SHIMANO INC., TICA FISHING TACKLE, AFTCO, RAPALA VMC CORPORATION, Weihai Guangwei Group Co., Ltd., Decathlon SA,Daiwa, Pure Fishing Inc. among many others.

Q.2. What is the scope of fishing equipment in the global market?

Ans. Fishing equipment used for leisure, sporting and commercial activity is growing substantially popular worldwide due to the adoption of fishing as a sport by many outdoor sport enthusiasts. The global fishing equipment market is segmented into type and distribution channel. Based on type, the market is segmented into fishing rods, nets and traps, hooks, reels, fishing lines, sinkers, and others. Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty stores, online retail, and others.

Q.3. Based on type, why is the reels segment expected to grow at the highest rate during the forecast period?

Ans. Fittings on modern fishing reels typically aid in casting for distance and accuracy, as well as recovering lines. Fishing reels have long been used in leisure angling and competitive casting. The segment has shown consistent growth due to the growing recreational fishing industry and the increasing popularity of leisure sports worldwide.

Q.4. What is the largest region of the global fishing equipment market?

Ans. Europe accounted for the largest share of the global fishing equipment market. The various countries from the Europe region are witnessing an upsurge due to growth in sports and recreational activities which is fueling the market growth during the forecast period. E-commerce is one of the primary tactics used by numerous businesses and organizations to raise awareness about their product offerings among target customers via e-commerce channels.

Q.5. What is the scope of the online retail segment in the global fishing equipment market?

Ans. An increase in the global population, coupled with an increase in the number of mobile phones online retail, has expanded significantly for years. Benefits such as quick service, home delivery, various secure payment options, and enticing discounts have further fueled the expansion of online merchants globally. Customers choose to buy fishing equipment online since it saves them time and money. The manufacturers prefer selling fishing equipment as it eliminates the need for wholesalers and retailers, thereby giving them a larger share in profits.

Q.6. What are the key drivers for the growth of the global fishing equipment market?

Ans. The fishing equipment market is expected to witness significant growth and innovation in the coming years. Furthermore, increased backing of reputed organizations like the American Sportfishing Association and others are making the fishing activity more popular. In a bid to increase participation in recreational activities like fishing, many different associations are now emphasizing various awareness programs and promotional activities. Many developed economies in the West such as the US, and the UK are in the process of expanding their platforms of fishing, thereby upgrading the access to various water bodies in the respective countries.

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Fishing Equipment Market Scope and overview, To Develop with Increased Global Emphasis on Industrialization 2029 | Pure Fishing, Inc, Penn Reels

Fishing Equipment, Fishing Equipment market, Fishing Equipment market research, Fishing Equipment market report, Fishing Equipment Market comprehensive report, Fishing Equipment market forecast, Fishing Equipment market growth, Fishing Equipment Market in Asia, Fishing Equipment Market in Australia, Fishing Equipment Market in Europe, Fishing Equipment Market in France, Fishing Equipment Market in Germany, Fishing Equipment Market comprehensive analysis, COVID 19 impact on Fishing Equipment market, Pure Fishing, Inc, Penn Reels, Okuma Fishing Tackle, Rapala, Daiwa Corp, Mustad Fishing 

New Jersey (United States) – The Fishing Equipment Market research report provides all the information related to the industry. It gives the market’s outlook by giving authentic data to its client, which helps to make essential decisions.  It provides an overview of the market, which includes its definition, applications and developments, and manufacturing technology. This Fishing Equipment market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.

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Some of the Top companies Influencing in this Market include:Pure Fishing, Inc, Penn Reels, Okuma Fishing Tackle, Rapala, Daiwa Corp, Mustad Fishing

Market Scenario:

Firstly, this Fishing Equipment research report introduces the market by providing an overview that includes definitions, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong growth by driven consumption in various markets.  An analysis of the current market designs and other basic characteristics is provided in the Fishing Equipment report.

A comprehensive discussion of several market analysis strategies, such as SWOT analysis and five-point analysis, is delivered in the market study. In addition, the market study also contains an in-depth study on numerous growth strategies and plans to expand the business boundaries on both regional and global levels. It provides readers with a detailed breakdown of all the development opportunities and market challenges associated with the Fishing Equipment market. The risk analysis provided by the Fishing Equipment market study helps market players reduce or eliminate risks.

 

Global Fishing Equipment Market Segmentation:

Market Segmentation: By Type

Fishing Rods, Fishing Reels, Fishing Lures, Others

Market Segmentation: By Application

Freshwater Fishing, Saltwater Fishing

 

Regional Coverage:

The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:

  • North America
  • South America
  • Asia and Pacific region
  • Middle east and Africa
  • Europe

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The global Fishing Equipment Market study intends to provide a comprehensive understanding of the market situation in the present and past, along with future forecasts and market estimations framed based on evidential data provided by marketers.  This data set contains the market size and volume of the Global Fishing Equipment Market concerning current market dynamics and the expected business size during the forecast.  Essential data regarding the cost structure, supply chain, and revenue is portrayed as a whole and with granular classification categorizing the Global Fishing Equipment Market into the business level, industrial level, and regional level describing the business growth of the Global Fishing Equipment Market in future.

Global Fishing Equipment Market Research Objectives:

  • To provide a deep understanding of the Fishing Equipment industry.
  • To highlight the critical data of each segment at an extensive level.
  • To determine key success factors in different segments of Fishing Equipment industry.
  • To highlight the trends in specific sectors.
  • To give insights into key segments.
  • To carry out economic analysis, build quantitative and financial models of global Fishing Equipment industry and individual segments.
  • To project the future performance of the global Fishing Equipment industry and identify imperatives.
  • Identify risks of investing in particular segments and suggest appropriate strategies to mitigate the risks.
  • To study what held back the Fishing Equipment industry during the pandemic and forces that are driving up the global Fishing Equipment market post-pandemic.

Table of Contents

Global Fishing Equipment Market Research Report 2022 – 2029

Chapter 1 Fishing Equipment Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Fishing Equipment Market Forecast

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Fishing Equipment Market in-Depth Analysis with Leading Key players – Newell (Jarden Corporation), Johnson Outdoors, Rapala VMC Corporation, Shimano

Fishing Equipment

The Fishing Equipment Market research report provides all the information related to the industry. It gives the market’s outlook by giving authentic data to its client, which helps to make essential decisions.  It provides an overview of the market, which includes its definition, applications and developments, and manufacturing technology. This Fishing Equipment market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.

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Some of the Major Key players profiled in the study are

Newell (Jarden Corporation), Johnson Outdoors, Rapala VMC Corporation, Shimano, Johshuya Co., Globeride(Daiwa), Wright & McGill, Dongmi Fishing, Weihai Guangwei Group, Cabela`s Inc, DUEL(YO-ZURI), Beilun Haibo, Pokee Fishing, O. Mustad & Son, Tiemco, Tica Fishing, St. Croix Rods, AFTCO Mfg., Preston Innovations, Gamakatsu, Okuma Fishing, Barfilon Fishing

Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Fishing Equipment Market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.

The global Fishing Equipment Market research report delivers a comprehensive analysis of market size, market trends, and market growth prospects. This report also delivers extensive information on the technology expenditure for the forecast period, which gives a unique view of the global Fishing Equipment Market across numerous segments. The global Fishing Equipment market report also allows consumers recognize market prospects and challenges.

By Types:

Rods, Reels and Components
Line, Leaders
Lures, Files, Baits
Terminal Tackle
Electronics
Others

By Applications:

Freshwater Fishing
Saltwater Fishing

The global Fishing Equipment Market study intends to provide a comprehensive understanding of the market situation in the present and past, along with future forecasts and market estimations framed based on evidential data provided by marketers.  This data set contains the market size and volume of the Global Fishing Equipment Market concerning current market dynamics and the expected business size during the forecast.  Essential data regarding the cost structure, supply chain, and revenue is portrayed as a whole and with granular classification categorizing the Global Fishing Equipment Market into the business level, industrial level, and regional level describing the business growth of the Global Fishing Equipment Market in future.

Regional Coverage:

  • North America (U.S., Canada)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, India, Japan, Singapore, Malaysia)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

The report provides insights on the following pointers:

Market Penetration: Comprehensive data on the product portfolios of the top players in the Fishing Equipment market.

Product Development/Innovation: Detailed information about upcoming technologies, R&D activities, and market product debuts.

Competitive Assessment: An in-depth analysis of the market’s top companies’ market strategies, as well as their geographic and business segments.

Market Development: Information on developing markets in their entirety. This study examines the market in several geographies for various segments.

Market Diversification: Extensive data on new goods, untapped geographies, recent advancements, and investment opportunities in the Fishing Equipment market.

Table of Contents

Chapter 1 Fishing Equipment Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

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With our reports, you can make important tactical business decisions with the certainty that they are based on accurate and well-founded information. Our experts can dispel any concerns or doubts about our accuracy and help you differentiate between reliable and less reliable reports, reducing the risk of making decisions. We can make your decision-making process more precise and increase the probability of success of your goals.

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Fishing Equipment Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast To 2029 |Newell (Jarden Corporation), Johnson Outdoors, Rapala VMC Corporation, Shimano

Fishing Equipment

Fishing Equipment Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Fishing Equipment market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Fishing Equipment market’s trajectory between forecast periods.

As part of our quantitative analysis, we have provided regional market forecasts by type and application, market sales forecasts and estimates by type, application and region by 2029, and global sales and production forecasts and estimates for Fishing Equipment by 2029. For the qualitative analysis, we focused on political and regulatory scenarios, component benchmarking, technology landscape, important market topics as well as industry landscape and trends.

Some of the Top companies Influencing this Market include:

Newell (Jarden Corporation), Johnson Outdoors, Rapala VMC Corporation, Shimano, Johshuya Co., Globeride(Daiwa), Wright & McGill, Dongmi Fishing, Weihai Guangwei Group, Cabela`s Inc, DUEL(YO-ZURI), Beilun Haibo, Pokee Fishing, O. Mustad & Son, Tiemco, Tica Fishing, St. Croix Rods, AFTCO Mfg., Preston Innovations, Gamakatsu, Okuma Fishing, Barfilon Fishing

Fishing Equipment market Types:

Rods, Reels and Components
Line, Leaders
Lures, Files, Baits
Terminal Tackle
Electronics
Others

Fishing Equipment market Applications:

Freshwater Fishing
Saltwater Fishing

The analysis and estimates made through exceptional Fishing Equipment report help to get an idea about product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and the effect thereof on sales, marketing, promotions, revenue values, import, export and CAGR. With the latest and up-to-date market insights mentioned in the report, companies can reflect on how to improve their marketing, promotion and sales strategies. The business report helps determine and optimize each stage of the industrial process lifecycle that includes engagement, acquisition, retention, and monetization. The Fishing Equipment Market Research Report

By Region:

  • North America (U.S., Canada)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, India, Japan, Singapore, Malaysia)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

COVID-19 Impact

Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Fishing Equipment Market in 2022.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Key Points Covered in the Report:

  • This report examines the market’s drivers, limits, and opportunities in-depth.
  • The global Fishing Equipment market provides an in-depth look at major competitors’ strategies, market trends, product demand, growth determinants, regional outlook, and global dynamics, as well as the industry’s top drivers, threats, and opportunities.
  • The global Fishing Equipment market study seeks to give comprehensive data on the industry, including a market overview, significant trends, strategic plans, and future prospects.
  • In order to establish market growth and productivity plans, the Fishing Equipment industry report gives a complete quantitative and qualitative study of the global market.

Conclusion: At the end of Fishing Equipment Market report, all the findings and estimation are given. It also includes major drivers, and opportunities along with regional analysis. Segment analysis is also providing in terms of type and application both.

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If you have any special requirements, please let us know and we will offer you the report at a customized price.

Relevant points Highlighted:

  • The report includes an overall business forecast that aims to gain valuable insights into the global Fishing Equipment Market.
  • The main segments have been further classified into sub-segments for a detailed review and a deeper understanding of the industry.
  • The factors leading to market growth have been listed. The data has been collected from primary and secondary sources and analyzed by professionals in the field.
  • The study analyses the latest trends and company profiles of the major players in the market.

About Global Market Vision

Global Market Vision consists of an ambitious team of young, experienced people who focus on the details and provide the information as per customer’s needs. Information is vital in the business world, and we specialize in disseminating it. Our experts not only have in-depth expertise, but can also create a comprehensive report to help you develop your own business.

With our reports, you can make important tactical business decisions with the certainty that they are based on accurate and well-founded information. Our experts can dispel any concerns or doubts about our accuracy and help you differentiate between reliable and less reliable reports, reducing the risk of making decisions. We can make your decision-making process more precise and increase the probability of success of your goals.

Contact Us

Sarah Ivans | Business Development

Phone: +1-3105055739

Email: [email protected]

Global Market Vision

Website: www.globalmarketvision.com