The activities have created new business opportunities for the stakeholders which is increasing the overall industry revenue

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, Feb. 4, 2022 /EINPresswire.com/ — Fishing Gear Market Overview:-

According to a new report published by Allied Market Research, titled “Fishing Equipment Market by Type, Nature, and Distribution Channel: Opportunity Analysis and Industry Forecast 2021-2027,” the global fishing equipment market size was valued at $13,481.1 Million in 2019, and is expected to reach $16,107.8 Million by 2027 with a CAGR of 4.0% from 2021 to 2027.

Fishing Equipment Market Growth:-

Sport fishing is gaining ground and has spread to many parts of the world. The term sport fishing refers to fishing or collecting shellfish, which is done primarily for fun. Additionally, sport fishing can take place in both salt and fresh water bodies. Also, countries like the UK and the US are trying to elevate the fishing platform, thanks to which there is better access to water bodies for fishing and making it a popular sport. Various fishing associations such as the American Sports Fishing Association encourage people to increase their participation in fishing by organizing several fishing programs and events. Also, the most common types of fishing equipment used in sports are rod, line, reel, hooks and a wide range of bait or lures such as artificial flies. Additionally, owing to the growing popularity of fishing as a sport and recreational activity, various governments around the world are focusing on the development of fishing, which is also driving the growth of the fishing equipment market.

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Report Highlights:
• Detailed parent market overview
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, promising growth geographies
• A neutral outlook on market performance
• Essential information for market participants to maintain and improve their presence in the market

Main results of the study

By type, hooks segment dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period of the fishing tackle market.
By nature, the freshwater segment accounted for the highest share of fishing gear market growth in 2019 and is expected to grow at a CAGR of 3.2% from 2021 to 2027.
By distribution channel, the offline segment dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period
By region, North America accounted for the highest fishing gear market share in 2019 and is expected to grow at a CAGR of 3.8%.

Major Players operating in Fishing Tackle industry:-
DAIWA COMPANY
GAMAKATSU
.JARVIS WALKER PTY, INC.
JOHNSON OUTDOORS INC.
MAVER UK LTD
OUTDOOR BRANDS .PRADCO
PURE PEACH, INC.
ROME SPECIALTY COMPANY, INC.
SEA MASTER ENTERPRISE CO., LTD.
TICA FISHING EQUIPMENT

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With the increase in internet penetration, the number of social media users has increased significantly. Considering this, most of the key players in the Fishing Equipment market are strategizing to promote their products and services on these social media platforms. E-commerce is one of the major strategies adopted by various businesses and industries to publicize their product offerings among the target customers on the e-commerce channels. Thus, through e-commerce marketing strategy, analysis of the global Fishing Equipment market is a critical opportunity to gain momentum and grow customer base among its target segments.

Additionally, there are a variety of fishing techniques such as gathering, netting, trapping, angling, and spearfishing used to catch fish. Additionally, recreational, artisanal and commercial fishers use different and sometimes similar techniques. Recreational anglers fish for fun or sport and primarily use angling methods to fish in saltwater and freshwater. Additionally, modern fishing techniques such as electric reels, modern rods and nets have added more precision in fishing techniques. Thus, the increase in effective fishing techniques for fishing is further propelling the growth of the market.

However, PETA (People for the Ethical Treatment of Animals), a charity that operates globally and is dedicated to establishing and protecting the rights of all animals, campaigns against angling and launched a number of initiatives and campaigns designed to turn the general public against fishing and achieve their goals. ultimate goal of banning angling. Additionally, PETA has launched a campaign called “Don’t Let Your Kids Become Prostitutes,” which aims to stop parents from encouraging their children to fish.

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Additionally, many NGOs such as Aquaculture Stewardship Council and Fisheries Innovation Scotland are against commercial fishing and fishing gear. Additionally, 40% of the world’s oceans are heavily impacted by human activities, including fisheries depletion, pollution, and loss of coastal habitats, making PETA and NGOs more brutal on fishing. Thus, the increasing anti-fishing campaign by NGOs and PETA is limiting the growth of the fishing gear market.

With the increase in internet penetration, the number of social media users has increased significantly. Considering this, most of the key players in the Fishing Equipment market are strategizing to promote their products and services on these social media platforms. E-commerce is one of the major strategies adopted by various businesses and industries to publicize their product offerings among the target customers on the e-commerce channels. Thus, through e-commerce marketing strategy, analysis of the global Fishing Equipment market is a critical opportunity to gain momentum and grow customer base among its target segments.

FREQUENTLY ASKED QUESTIONS?
Q1. What will be the size of the Fishing Equipment market from 2021 to 2027?
Q2. What is the CAGR of the Fishing Equipment market?
Q3. How can I get a sample report of the Fishing Equipment market?
Q4. What is the factor affecting the Fishing Equipment market?
Q5. What are the segments of the Fishing Equipment market?

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David Correa
Allied Analytics LLP
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