Global Fishing Equipment Market Competitive landscape, future, growth till 2028
Market Overview:
The scope of our recent study on the “Fishing Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Fishing Rods, Nets and Traps, Hooks, Reels, Fishing Lines, Sinkers, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)” includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with providing market share analysis.
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The fishing equipment market is projected to reach US$ 31,835.53 million by 2028 from US$ 23,799.79 million in 2021; it is expected to register a CAGR of 4.2% from 2021 to 2028. Fishing equipment is in high demand due to an increase in fishing activities across the globe. Increasing participation in recreational fishing and the growth of fish-based tourism in developing countries are the key factors driving the fishing equipment market. Activities related to fishing tourism are carried out by professional fishermen and use well-equipped boats and equipment necessary for fishing to ensure general safety and hygiene. Key players providing fishing equipment are working on their product line expansion and novel technology implementation to address consumer demand for fish hunting equipment. Thus, the growth of e-commerce channels holds promising opportunities for the growth of the market.
Based on type, the global fishing equipment market is segmented into fishing rods, nets and traps, hooks, reels, fishing lines, sinkers, and others. The fishing rods segment held the largest share in the global fishing equipment market in 2020 due to its ease of use and simplicity. These products enhance crankbaits, jerk baits, shaky heads, and drop shotting by effectively launching lighter lures into deeper water. Based on distribution channel, the market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment is expected to grow because the staff is knowledgeable and trained to explain the benefits and specifications of the products to customers so that they can find their product of interest that best suits them.
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.
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The report segments global Fishing Equipment treatment market as follows:
By Type
• fishing rods
• nets and traps
• hooks
• reels
• fishing lines
• sinkers
• others
By Distribution Channel
• supermarkets and hypermarkets
• specialty stores
• online retail
• others
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