Report ID : 10347671 |
Published Date : 21 Oct 2022 |
Report Format : PDF,PPT |
Delivery Timeline :48-72 Business Hours
Global Fishing Hunting Equipment Market is valued approximately USD 15.53 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2021-2027. Fishing Hunting Equipment is the range of tools used for poaching aquatic beings. Different fishing gears are used to capture different species. The growth and development in commercial fisheries sector, increasing interest of people in different recreational activities and growing popularity of fishing as a sport are driving the demand for the products. The fishing technology is continuously developing, thus employing larger and more improved ships and sophisticated fishing equipment supporting the fishing reels market at commercial level. According to the report given by Food And Agriculture Organization of the United Nations, in 2018, the global production for fisheries increased by 5.4% from the average of previous three years to reach the highest level at 96.4 million tonnes. This increase was facilitated by marine fish captures. According to Proceedings of the National Academy of Science of the United States (PNAS), approximately 220 million people enjoy recreational fishing worldwide and with the improving prosperity these numbers are rising every year.
However, in order to save the marine life, governments across the world have been implementing rules and licensing restrictions, also the preference of pre used and rental fishing equipment for recreational fishing impedes the growth of the market over the forecast period of 2021-2027. Also, associations encouraging and promoting fishing as a sport as well as increase in the number of people adopting non vegetarian diet are likely to increase the market growth during the forecast period.
The geographical study of the global Fishing Reels market includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is dominating the world in terms of market share because of the large number of people interested in recreational fishing and the increase number of anglers in the region. Whereas, Europe is also expected to show high growth during the upcoming period 2021-2027. Factors such as increasing angling tourism and presence of large number of rivers, lakes and long coastlines will aide in market growth for the Fishing Hunting Equipment Market across Asia-Pacific region.
Major market player included in this report are:
Orvis
Newell Brands
Van Staal
Pure Fishing, Inc.
Maver UK Ltd.
Globeride, Inc.
Eagle Claw
Sensas
Costa Del Mar, Inc.
PRADCO Outdoor Brands, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Fishing Rods
Fishing Reels
Bait Lures
Others
By Distribution Channel:
Online
Offline
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Fishing Hunting Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
