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Pulished Date February, 2020
ID: 9062
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Fishing Equipment Market Analysis Report - By Product (Fishing rods, Fishing reels, Fishing lures & Others), By Distribution Channel (Specialty and sports stores, Department and discount stores, Online & Others), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Industry Analysis on Size, Share, Growth, Demand, Profits, Strategy, Trends & Forecast | 2019 - 2024

Pulished: February, 2020
ID: 9062
Pages: 100

Fishing Equipment Market Share, Size & Growth (2019 - 2024)

Over the next five years, it is expected that the size of the Global Fishing Equipment Market will register a 2.7% CAGR in terms of revenue and will reach US$ 17,300 million by 2024, from US$ 14,800 million in 2019.

Global Fishing Equipment Market is expected to grow in an acceptable way during the forecast period attributing to the identification of fishing as a popular sport by many associations, in-creased backing of reputed organizations like the American Sportfishing Association and others. Also, rising awareness among people with the help of these organization to increase the participation of ordinary people in recreational activities like fishing and other hobbies are further fuelling the market growth.

Fishing equipment market can be comprised of baits, flies, tools and pliers, lures, hooks, sinkers, tippers and swivels, reels, sinkers, rigs, and poles. Also, achieving ease of handling in these devices with the help of the latest advancements in their designing processes is a reason for the growth of the global fishing equipment market.

In order to increase the participation of common people in recreational activities like fishing, many different associations are now emphasizing various awareness programs and promotional activities which has lured a number of women to participate in the activity, boosting the market growth. Many developed economies are in the process of expanding their platforms of fishing, making an up gradation in the access of various water bodies for the purpose of fishing, making it an activity of social sport. Fishing in canals and reservoirs has become a common occurrence and it has become important to come up with efficient and effective platforms on these various water bodies. Due to the rapidly growing industry of food and beverages and an increased demand that is dominant in the seafood segment, the industry of fishing is very likely to experience a jump in the forthcoming years. The ever-changing and evolving food habits of people are in all likelihood expected to facilitate the global market as an increasing number of people make a shift towards many different types of fish and seafood consumption.

However, recently there have been taxes being levied on fishing and fuel of motorboats. This makes it an expensive hobby to keep, and is, therefore, becoming a luxury sport that can eventually slow down the market growth.

Recent Developments

  • Pioneer has announced today that they’ll be exiting the cycling business as part of an agreement with Shimano, that was signed back in December which is a sign for ending their power meter and bike computer product sales.
  • A property of Cabel in Tilden Township was sold its investor, W.P. Carey Inc., after paying around USD 55.2 million through a limited liability company for the property at 100 Cabela Drive and its adjacent parking lot.

REPORT COVERAGE

REPORT METRICS

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Product, Distribution Channel & Region

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities.

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa.

 

Market Leaders Profiled

Rome Specialty Company, Arcom International, Lureflash International Ltd., Daiwa Corporation, Penn Fishing Tackle Manufacturing Company, and Sea Master Enterprise Co. Ltd.

 

Detailed segmentation & sub-segmentation of the Global Fishing Equipment Market Analysis Report with the evaluated size & forecast until 2024.

Fishing Equipment Market: By Product

  • Fishing rods
  • Fishing reels
  • Fishing lures
  • Others

In the product outlook of the fishing equipment market, the spinning rods segment has captured most of the market share, owing to its simplicity and effortless application.

Fishing Equipment Market: By Distribution Channel

  • Specialty and sports stores
  • Department and discount stores
  • Online
  • Others

In the distribution outlook of the global fishing equipment market, offline has acquired a consid-erable share of market revenue. But, during the forecast period, because of the popularity of e-commerce, the online segment is attributed to growing tremendously.

Fishing Equipment Market: By Application

  • Competitive Casting
  • Recreational Fishing
  • Commercial Fishing
  • Others

From the application outlook, recreational fishing is anticipated to grow in a significant way attributing to the rising spending on angling vacations, wherein people prefer spending their vacation angling at some of the most popular fishing destinations.

Fishing Equipment Market: By Region

The Fishing Equipment Market Report includes the segmentation of Regions with their respective Countries.

  • North America Fishing Equipment Market includes U.S, Canada

  • Europe Fishing Equipment Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

  • Asia Pacific Fishing Equipment Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

  • Latin America Fishing Equipment Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

  • Middle East & Africa Fishing Equipment Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

The geographical analysis of the global fishing equipment market found that North America people of all age groups are increasingly participating in fishing because it is considered a popular recreational activity. The US is the major contributor to the growth of this region.  Furthermore, the increasing demand for sports fishing due to the growing number of women participants also drives the market’s growth prospects in this region. The Asia Pacific is expected to grow prominent with the increasing disposable income of the consumers coupled with a shift in dietary choices where people are now opting for a non-vegetarian diet.

Some of the Key Players of the Global Fishing Equipment Market occupied a leading position:

Rome Specialty Company, Arcom International, Lureflash International Ltd., Daiwa Corporation, Penn Fishing Tackle Manufacturing Company, and Sea Master Enterprise Co. Ltd.

 

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Product
      1. Fishing Rods
      2. Fishing Reels
      3. Fishing Lures
      4. Others
      5. Y-o-Y Growth Analysis, By Product
      6. Market Attractiveness Analysis, By Product
      7. Market Share Analysis, By Product
    2. By Distribution Channel
      1. Specialty and Sports Stores
      2. Department and Discount Stores
      3. Online
      4. Others
      5. Y-o-Y Growth Analysis, By Distribution Channel
    3.  Market Attractiveness Analysis, By Distribution Channel
    4.  Market Share Analysis, By Distribution Channel
  1. Geographical Analysis
    1. Introduction          
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Product
        3. By Distribution Channel
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Product
        3. By Distribution Channel
      5.      Market Share Analysis   
        1. By Geographical Area
        2. By Product
        3. By Distribution Channel
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  2. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  3. Market Leaders' Analysis
    1. 3D Systems Corporation
      1. Overview
      2. Product Analysis
      3. Financial analysis
      4. Legal issues
      5. Recent Developments
      6. SWOT analysis
      7. Analyst View
    2. Rome Specialty Company
    3. Arcom International
    4. Lureflash International Ltd
    5. Daiwa Corporation
    6. Penn Fishing Tackle Manufacturing Company
    7. Sea Master Enterprise Co. Ltd
  4. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  5. Market Outlook and Investment Opportunities
  6. Appendix
    1. List of Tables
    2. List of Figures  

 

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by product, by distribution chanel, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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