Dublin, March 16, 2022 (GLOBE NEWSWIRE) -- The "Fishing Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Fishing Rods, Nets and Traps, Hooks, Reels, Fishing Line, Sinkers, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)" report has been added to ResearchAndMarkets.com's offering.
The global fishing equipment market is expected to grow from US$ 23,799.79 million in 2021 to US$ 31,835.53 million by 2028; it is estimated to register a CAGR of 4.2% from 2021 to 2028.
Increasing participation in recreational fishing and the growth of fish-based tourism in developing countries are the key factors attributed to drive the fishing equipment market during the forecast period.
Based on type, the fishing equipment market is segmented into fishing rods, nets and traps, hooks, reels, fishing lines, sinkers, and others. The fishing rods segment accounted for the largest market share in 2020. Growing number of anglers and increasing adoption of fishing as a recreational activity have fueled the demand for fishing rods. Based on distribution channel, the fishing equipment market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment is expected to grow because the staff is knowledgeable enough to explain the benefits and specifications of the products to customers so that they can find their product of interest; this attracts a fixed set of customers who later become regular buyers.
The fishing equipment market in Europe is expected to grow at the highest CAGR during the forecast period. The growth in sports and recreational activities and surge in e-commerce platforms are fueling the market growth in European countries. Europe is considered one of the growing markets for fishing equipment due to the rise in recreational fishing and anglers in the region. Thus, due to an increasing trend of recreational angling in the country, the demand for fishing rods, hooks, nets, traps, and fishing lines is increasing and driving the fishing equipment market in the region.
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; and Pure Fishing Inc. are among the key players operating in the global fishing equipment market.
Reasons to Buy
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global fishing equipment market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Fishing Equipment Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 Central and South America
4.3 Expert Opinion
5. Fishing Equipment Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Participation in Recreational Fishing
5.1.2 Growth of fish-based tourism in developing countries
5.2 Market Restraints
5.2.1 Impact of fishing equipment on the environment
5.3 Market Opportunities
5.3.1 Growth of E-Commerce Channels
5.4 Future Trends
5.4.1 Technological/ Product Innovation
5.5 Impact Analysis
6. Fishing Equipment - Global Market Analysis
6.1 Fishing Equipment Market Overview
6.2 Fishing Equipment Market -Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning - Fishing Equipment Market Players
7. Global Fishing Equipment Market Analysis - By Type
7.1 Overview
7.2 Fishing Equipment Market, By Category (2020 and 2028)
7.3 Fishing Rods
7.3.1 Overview
7.3.2 Fishing Rods: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
7.4 Nets and Traps
7.4.1 Overview
7.4.2 Nets and Traps: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
7.5 Hooks
7.5.1 Overview
7.5.2 Hooks: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
7.6 Reels
7.6.1 Overview
7.6.2 Reels: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
7.7 Fishing Line
7.7.1 Overview
7.7.2 Fishing Line: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
7.8 Sinkers
7.8.1 Overview
7.8.2 Sinkers: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
8. Fishing Equipment Market Analysis - By Distribution Channel
8.1 Overview
8.2 Fishing Equipment Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Fishing Equipment Market - Revenue and Forecast To 2028 (US$ Million)
9. Global Fishing Equipment Market - Geographic Analysis
10. Impact of COVID-19 Pandemic on Global Fishing Equipment Market
10.1 Overview - Impact of COVID-19
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific : Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Product launch
11.2 Merger & Acquisition
11.3 Expansion
12. Company Profiles
12.1 Eagle Claw Fishing Tackle Co.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Okuma Fishing Tackle Co. Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 SHIMANO INC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 TICA FISHING TACKLE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 AFTCO
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 RAPALA VMC CORPORATION
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Weihai Guangwei Group Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Decathlon SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Daiwa
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Pure Fishing Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/wrp499
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