Global Sports Fishing Equipment Market to Grow at a CAGR of 3.71% from 2018-2022
3-Dec-2018 Global sports fishing equipment market is expected to grow at a significant CAGR of 3.71% during the period 2018-2022 as the scope and its applications are rising enormously across the globe. Sports fishing are also termed as recreational fishing or big game fishing is an activity for competition or pleasure. The activity comprises various types of fishing equipment like hooks, baits, rod, line, and reel. This attracts fish like the Marlin, Ono, and Tuna. The methods used may include deep-sea fishing or fly fishing.
The factors that are playing a major role in the growth of sports fishing equipment market are the growing number of women those are actively participating in the fishing competition, the rising popularity of sports fishing among all age groups, and the increasing demand for fishing equipment among end-users. However, the lack of knowledge regarding fishing and its equipment may restrain overall market growth in the years to come. Sports fishing equipment market is segmented based on product type, distribution channel, application, and region.
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Fishing lure, fishing rod, fishing reel and other product types could be explored in sports fishing equipmentmarket in the forecast period. The fishing rod sector accounted for the substantial market share of sports fishing equipment and is estimated to lead the overall market in the years to come. The reason could be the rising demand from the consumers. Also, the sector is estimated to grow at the highest CAGR in the years to come.
Based on the distribution channel, online channel and offline channel could classify sports fishing equipmentmarket in the forecast period. The market couldbe categorized based on applications like saltwater fishing, freshwater fishing, and others that could be explored in the forecast period.Sports fishing equipment market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, North America accounted for the substantial market share of sports fishing equipment and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in this region, growing participation of a number of anglers in regular fishing, and the rising demand for sports fishing as the growing number of women participants. The United States is a major consumer of sports fishing equipment in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of sports fishing equipment in this region. The key players of the sports fishing equipment market are AFTCO, EAGLE CLAW, TICA FISHING TACKLE, Newell Brands, SHIMANO, and OKUMA FISHING TACKLE.These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
About Sports Fishing Equipment
Sports fishing, also known as recreational fishing, is fishing for pleasure or competition. It is mainly done with arod, reel, line, hooks, and a range of baits or lures. The practice of catching fish with a hook is called angling. Hence, people who participate in sports fishing are also known as anglers.
Covered in this report
The report covers the present scenario and the growth prospects of the global sports fishing equipment market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of sports fishing equipment.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• EAGLE CLAW
• Newell Brands
• OKUMA FISHING TACKLE
• SHIMANO
• TICA FISHING TACKLE
• AFTCO
Market driver
• The rising popularity of fishing
• For a full, detailed list, view our report
Market trend
• The advent of FADS
• For a full, detailed list, view our report
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/global-sports-fishing-equipment-market-2018-2022
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
The factors that are playing a major role in the growth of sports fishing equipment market are the growing number of women those are actively participating in the fishing competition, the rising popularity of sports fishing among all age groups, and the increasing demand for fishing equipment among end-users. However, the lack of knowledge regarding fishing and its equipment may restrain overall market growth in the years to come. Sports fishing equipment market is segmented based on product type, distribution channel, application, and region.
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-sports-fishing-equipment-market-2018-2022/request-sample
Fishing lure, fishing rod, fishing reel and other product types could be explored in sports fishing equipmentmarket in the forecast period. The fishing rod sector accounted for the substantial market share of sports fishing equipment and is estimated to lead the overall market in the years to come. The reason could be the rising demand from the consumers. Also, the sector is estimated to grow at the highest CAGR in the years to come.
Based on the distribution channel, online channel and offline channel could classify sports fishing equipmentmarket in the forecast period. The market couldbe categorized based on applications like saltwater fishing, freshwater fishing, and others that could be explored in the forecast period.Sports fishing equipment market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, North America accounted for the substantial market share of sports fishing equipment and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in this region, growing participation of a number of anglers in regular fishing, and the rising demand for sports fishing as the growing number of women participants. The United States is a major consumer of sports fishing equipment in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of sports fishing equipment in this region. The key players of the sports fishing equipment market are AFTCO, EAGLE CLAW, TICA FISHING TACKLE, Newell Brands, SHIMANO, and OKUMA FISHING TACKLE.These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
About Sports Fishing Equipment
Sports fishing, also known as recreational fishing, is fishing for pleasure or competition. It is mainly done with arod, reel, line, hooks, and a range of baits or lures. The practice of catching fish with a hook is called angling. Hence, people who participate in sports fishing are also known as anglers.
Covered in this report
The report covers the present scenario and the growth prospects of the global sports fishing equipment market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of sports fishing equipment.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• EAGLE CLAW
• Newell Brands
• OKUMA FISHING TACKLE
• SHIMANO
• TICA FISHING TACKLE
• AFTCO
Market driver
• The rising popularity of fishing
• For a full, detailed list, view our report
Market trend
• The advent of FADS
• For a full, detailed list, view our report
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/global-sports-fishing-equipment-market-2018-2022
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
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