FACTS AT A GLANCE
Editing: 16; Posted: May 2021
Management commitments: 2319
Companies: 272– Players covered include Aftco Mfg. Co., Inc .; Daiwa Company; Eagle Claw Fishing Tackle Co .; Eppinger Mfg. Co.; Gamakatsu Co., Ltd. ; Grandt Industries, Inc .; Jim Teeny, Inc .; Koppers Fishing and Tackle Corp .; O. Mustad & Fils AS; Okuma Fishing Tackle Corporation; Plano Synergy Holdings, Inc .; PRADCO Outdoor Brands, Inc .; Pure Peach, Inc .; Rapala VMC Corporation; Specialized Company of Rome, Inc .; Sea Master Enterprise Co., Ltd .; Shimano, Inc .; Holy Cross of Park falls, Ltd .; Taylor fly fishing; TICA fishing equipment; Zebco Holdings, Inc. and others.
Blanket: All major geographies and key segments
Segments: Product segment (rods, reels and rods; lures, flies and baits; fishing lines; hooks; other product segments); End use (individuals, sports organizers, clubs)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Rest of the world.

Free Project Preview – This is an ongoing global program. Preview our research program before making a purchase decision. We offer free access to qualified executives in charge of strategy, business development, sales and marketing and product management roles in selected companies. Insights provide privileged access to business trends; competing brands; profiles of experts in the field; and market data models and more. You can also create your own bespoke report using our MarketGlass â„¢ platform which offers thousands of bytes of data with no obligation to purchase our report. Registry overview

ABSTRACT-

Global Sport Fishing Equipment Market To Reach $ 15.4 billion by 2026
Sport fishing equipment is the tools used by anglers to catch fish from oceans, lakes and rivers. Fishing as a commercial, recreational and sporting activity has grown in popularity thanks to the recognition of fishing as a leading sport by several associations. In developed countries, such as the United States and the United Kingdom, fishing platforms are growing, thus improving access to bodies of water for fishing purposes and turning the activity into a social sport. . Demand in the market is expected to be driven by rapid growth in the food and beverage industry, increasing demand for seafood, and rapid growth in the world population coupled with the shifting trend towards non-food. vegetarians. The increased presence of fishing equipment on e-commerce websites and the growing number of companies collaborating with hobby clubs and associations to sponsor sport fishing competitions are also supporting the growth of the market. To enable precision fishing, modern fishing rods are equipped with sensors to locate and track fishing hot spots through smartphone apps.

Amid the COVID-19 crisis, the global sport fishing equipment market is estimated at US $ 12.6 billion in 2020, is expected to reach a revised size of US $ 15.4 billion by 2026, with a CAGR of 3.4% over the analysis period. Rods, Reels, & Poles, one of the segments analyzed in the report, is expected to register a CAGR of 3.1% and reach US $ 6.5 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of Lures, Flies & Baits segment is readjusted to a revised CAGR of 4.7% for the next 7 year period.

The US market is estimated at $ 4.5 billion in 2021, when China is expected to reach $ 1.9 billion by 2026
The sport fishing equipment market in the United States is estimated at US $ 4.5 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 1.9 billion by 2026, with a CAGR of 5.9% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 1.8% and 2.3% respectively during the analysis period. In Europe, Germany is expected to grow by about 3.4% CAGR. United States represents the largest market supported by great American outdoor culture where recreational fishing is considered a relaxing sport offering peace and quiet, and the existence of numerous fishing destinations. Underpenetrated nature of the market; increasingly westernized lifestyles, increasing stress levels, growing interest in fishing and increasing populations offer major opportunities for growth in developing economies. The growing interest in kayak fishing is considered to be the main driver behind the increase in sales of fishing rods, generally in all markets.

Fishing line segment to reach $ 1.8 billion by 2026
The fishing line is a link between the bait / lure and the reel, and is available in different strengths ranging from the 2 pound test to the over 100 pound test. Monofilament nylon line is commonly used for fishing because of its durability and strength. Another type of fishing line is fly fishing line, which is made of synthetic strands woven together and covered with various thin layers of plastic. In the global fishing line segment, United States, Canada, Japan, China and Europe will lead to the estimated 4% CAGR for this segment. These regional markets representing a combined market size of US $ 1.1 billion in 2020 will reach a projected size of US $ 1.5 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 120.9 million by 2026. Following

MarketGlass â„¢ platform
Our MarketGlass â„¢ platform is a free comprehensive knowledge center that is customizable to meet the intelligence needs of today’s busy business leaders! This interactive influencer-driven research platform is at the heart of our core research engagements and draws on the unique perspectives of participating leaders from around the world. Features include – enterprise-wide peer-to-peer collaborations; overviews of research programs relevant to your business; 3.4 million profiles of experts in the field; competitive company profiles; interactive research modules; custom report generation; monitor market trends; competing brands; create and publish blogs and podcasts using our primary and secondary content; follow events in the field around the world; and much more. Client companies will have full insider access to the project’s data stacks. Currently used by over 67,000 subject matter experts around the world.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our mobile application which has just been released on iOS or Android

About Global Industry Analysts, Inc. and StrategyR â„¢
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the world’s only market research company focused on influencers. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
E-mail: [email protected]

CONNECTIONS
Get all the details of the report
https://www.strategyr.com/market-report-sports-fishing-equipment-forecasts-global-industry-analysts-inc.asp

Join our panel of experts
https://www.strategyr.com/Panelist.asp

Connect with us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow us on twitter
https://twitter.com/marketbytes

Journalists and media
[email protected]

SOURCE Global Industry Analysts, Inc.

Related links

http://www.strategyr.com