Sports Fishing Equipment Market is projected to reach a revised size of US$16 Billion by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2030.
Fishing has been increasingly popular as a commercial, recreational, and sports activity as a result of numerous associations’ recognition of it as a top sport. The fishing industry is large and will continue to grow steadily in the years to come.
It is projected that the fishing industry would increase quickly in the near future due to the fast expansion of the food and beverage industry and the rising demand for seafood products. Over the next few years, there will likely be a major increase in demand for fishing equipment as more people throughout the world switch to eating fish and other seafood items. Additionally, it is anticipated that the market for fishing equipment would expand due to the rapid increase in the world’s population and the shifting consumer preference for non-vegetarian cuisine. Furthermore, with rising costs for sports fishers and anglers around the world, fish recreational programs and fisheries conservation are gaining relevance on a global scale.
Sports fishing gear includes items like fishing rods, fishhooks, lines, baits, lures, and sinkers that are used for both competitive fishing and recreational fishing. These devices are used for line fishing, trapping, fishing using bag nets, grappling, stunning, trawling seining, and gillnetting. Natural or artificial bait is attached to the fishing lines to entice, hold, and capture the fish. Large-sized fish and shellfish can be found by using these lines in conjunction with casting, spinning, and fly fishing reels. In order to hurt and catch the fish, a variety of handheld instruments are also utilized, such as spears and harpoons.
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Major Players in Sports Fishing Equipment market are:
Gibbs Delta
Globeride
Bass Pro Shops
Rapala
Key
Newell Brands
Tica
Cabela’s
Fenwick
13 Fishing
Okuma
Eagle Claw
Gamakatsu
O. Mustad & Son
Shimano
AFTCO
Most important types of Sports Fishing Equipment products covered in this report are:
Fishing Rods
Fishing Reels and Lines
Fishing Hooks and Lures
Other Fishing Equipment
Most widely used downstream fields of Sports Fishing Equipment market covered in this report are:
Individual Consumers
Clubs
Sports Organizers
Top countries data covered in this report:
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
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Key Points:
Define, describe and forecast Sports Fishing Equipment product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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