Global Fishing Equipment Market Overview:
Fishing equipment used by anglers when fishing. It includes sinkers, floats, hooks, lines, reels, ice fishing, and others. Fishing accessories include any items that can support a fisher, enhance their loadout, or simply provide an extra layer of entertainment. It can enhance the experience for fishers and bring much-appreciated improvements to a fisher’s arsenal. The growing popularity of fishing as a recreational activity and increasing fishing sports events is expected to pose significant growth in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancements and Growing Popularity of Smart Trolling Motors with Integrated GPS & Sonar
Market Growth Drivers:
Rising Popularity of Fishing as a Recreational Activity and Increased Demand for Fish and Growth of Fisheries Across the Globe
Challenges:
Stiff Competition From Local Players and Price Wars
Restraints:
Concerns Regarding Environmental Treats and Overfishing
Opportunities:
Rising Disposable Income of People and Popularity of Fishing in Emerging Economies
Competitive Landscape:
Global fishing equipment is a fragmented market due to the presence of various players. The players are focusing on investing more in launching new products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Eagle Claw (United States), Newell Brands (United States), Okuma Fishing Tackle (Taiwan), Shimano (Japan), Tica Fishing Tackle (China), Favorite Fishing (United States), G.Loomis (United States), AFTCO (United States), Cabela's Inc. (United States), Croix Rods (United States), Gamakatsu (United States), Tiemco (Japan), O. Mustad & Son (Norway) and Decathlon (France). Analyst at AMA Research see United States Vendors to retain maximum share of Global Fishing Equipment market by 2030. Considering Market by Water Type, the sub-segment i.e. Fresh Water will boost the Fishing Equipment market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Fishing Equipment market.
What Can be Explored with the Fishing Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fishing Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fishing Equipment
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fishing Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fishing Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Fishing Equipment Manufacturers, Suppliers & Distributors, Raw Material Vendors, Government Regulatory Bodies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.