DUBLIN, June 21, 2023 /PRNewswire/ — The “Sports Fishing Equipment: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Sports Fishing Equipment estimated at US$13.2 Billion in the year 2022, is projected to reach a revised size of US$18.2 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030.
Rods, Reels, & Poles, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$7.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Lures, Flies, & Baits segment is readjusted to a revised 5.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 6.7% CAGR
The Sports Fishing Equipment market in the U.S. is estimated at US$4.6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Select Competitors (Total 159 Featured) –
- Aftco Mfg. Co., Inc.
- Daiwa Corporation
- Eagle Claw Fishing Tackle Co.
- Eppinger Mfg. Co.
- Gamakatsu Co., Ltd.
- Grandt Industries, Inc.
- Jim Teeny, Inc.
- Koppers Fishing and Tackle Corp.
- O. Mustad & Son A.S.
- Okuma Fishing Tackle Corporation
- Plano Synergy Holdings, Inc.
- PRADCO Outdoor Brands, Inc.
- Pure Fishing, Inc.
- Rapala VMC Corporation
- Rome Specialty Company, Inc.
- Sea Master Enterprise Co., Ltd.
- Shimano, Inc.
- St. Croix of Park Falls, Ltd.
- Taylor Fly Fishing
- TICA Fishing Tackle
- Zebco Holdings, Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Opportunity in Disguise for Sports Equipment Providers amid COVID-19
- Global Sports Equipment Market Size (in US$ Billion) for 2019, 2022 and 2025
- COVID-19 Impact on Fishing Equipment Market
- COVID-19 Pandemic Results in Scarcity of Fishing Equipment
- An Overview of Sports Fishing Equipment
- Types of Sports Fishing Equipment
- Fishing Techniques
- Sports Fishing Equipment: Meeting the Ever-Changing Needs of Recreational Fishing, the Healthful Pastime
- Myriad Health and Well-Being Benefits of Recreational Fishing Drive Widespread Adoption of Fishing Equipment
- Key Health and Well-Being Benefits of Recreational Fishing Ranked in the Order of Importance
- Global Sports Fishing Equipment Market: Overview and Outlook
- Major Technological Advances to Drive Growth
- Developed Countries Traditional Revenue Contributors, while Developing Countries Spearhead Market Growth
- World Sports Fishing Equipment Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- World Sports Fishing Equipment Market – Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Rest of World, Europe, USA, Canada, and Japan
- Lures, Flies, & Baits: The Fastest Growing Segment
- World Sports Fishing Equipment Market by Segment (2020 & 2027): Percentage Breakdown of Sales for Rods, Reels, & Poles; Lures, Flies, & Baits; Fishing Lines; Fishing Hooks; and Other Product Segments
- Future Developments in Fishing Rods to Drive Segmental Growth
- Competitive Landscape: A Highly Fragmented Marketplace
- Shimano: A Dominant Force in the Fishing Gear Market
- Floating Minnow from Rapala: The Story of Invention to Commercialization
- Competition: Noteworthy Trends
- Recent Market Activity
- Sports Fishing Equipment – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Steady Proliferation of Connected Electronic Fishing Devices Drive Healthy Market Growth
- Select Innovative Electronic Sports Fishing-Related Products
- Fish Finders: Helpful Tools for Elevating Fishing Experience
- Fishing Cameras for Easy Underwater Viewing Using Tablets or Smartphones
- Bobbers with Integrated Intel Chip & Wireless Connectivity
- Notable Advanced Electronic Fishing Lures
- AngLR Tracker for Fishing Rod
- FishSentry Connected Fishing Rods
- PowerRay Underwater Robot
- FLIR Ocean Scout TK Night-Vision Camera
- Humminbird HELIX 10
- Individuals Account for Bigger Share
- Sports Organizers Drive Demand
- World Sports Fishing Equipment Market – End-Use Sectors Ranked by Value CAGR for 2020-2027: Individuals, Sports Organizers, and Clubs
- Fishing Clubs Elevate Participation Levels
- Passion for Outdoors and the Drive to Preserve Nature Steer Demand from the Millennials Population
- Global Millennial Population Facts & Figures: Important Opportunity Indicators
- Global Millennials Population by Region (2018): Percentage Breakdown of Number of Millennials for North America, Europe, China & Japan, Latin America and Rest of World
- Millennial Population as a Percentage (%) of Total Population in Developing Countries: 2018
- Disruptive Technologies that Transformed the Sports Fishing Boats over the Years
- Focus on Developing Fishing Infrastructure Strengthens Market Prospects
- Surging Popularity of Kayak Fishing Benefits Market Expansion
- Consumer Affluence Influences Sports Fishing Equipment Sales
- Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
- Global Middle Class Spending (in US$ Trillion) by Geographic Region (2017, 2025 & 2030)
- Surging Interest in Fishing among Women Opens Up Growth Avenues
- Ice Fishing Gear: Equipment to Make Most of Ice Fishing Mission
- Innovations & Advancements
- 3D Printing Streamlines Fishing Equipment Manufacturing
- Advancements in Fly Fishing Reels
- Tippet Innovations Bolster Stealthiness in Fly Fishing
- Lures Mimic Sounds of Fish
- Lures with Characteristic Wobbling Action
- Airbomb: A Revolutionary Mid-Air Baiting Device
- Shimano’s First-of-its-Kind Fishing Reels
- Innovative Fishing Accessories
- Other Innovative Fishing Rods, Lures and Reels
- Fishing Baits
- Fishing Reels
- Select Innovative Sports Fishing Reels
- Fishing Rods
- Select Innovative Sports Fishing Rods
- Fishing Tackle and Gear
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4t52bx
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:SOURCE Research and Markets
