26 March 2019 - Global Sports
Fishing Equipment Market is expected to grow significantly in the forecast
period due to rising popularity of fishing. Sport fishing is carried out
fishing equipment like hooks, line, reel, rods, etc. These equipment are mostly
used by the participants in sports fishing who are also known as anglers.
Rising
participation in fishing activities by people of all ages (particularly youth
and females), increasing popularity of fishing, and rise in demand for sports
fishing equipment are some of the factors driving the market. Moreover,
increase in demand for sea food and increasing disposable income of consumers
are also expected to drive the market growth. However, several taxes imposed
for fishing and motorboat fuel are hampering the growth of the market.
Increasing
popularity of spearfishing is an emergent trend witnessed by sports fishing
equipment market. Additionally, advent of fish aggregating devices (FADS) is
also attracting larger audience, mostly in the Caribbean islands. The changing
food lifestyle of consumers on the global scale is expected to offer
opportunities to the market.
Market
is categorized on the basis of product type, distribution channel, end user and
geography. On the basis of product type, market is divided into rods, reels and
components, files, leaders, line, lures, electronics, baits, and terminal
tackle. Fishing rod segment is anticipated to register significant growth in
the coming years owing to increasing number of fishing activities worldwide
that require fishing rods.
Based
on distribution channel, market is split into saltwater fishing, freshwater
fishing and others. Freshwater fishing segment is expected to hold larger share
of the market owing to growing preference for fishing. In terms of end user,
market is bifurcated into distributor, online sales, and direct sales. Online
sales segment is predicted to lead the market owing to online preference.
Geographically,
market is segmented as North America, South American, Europe, Asia Pacific, and
Middle East & Africa. South and North America accounted for the maximum
share of sports fishing equipment market owing to intensifying participation of
anglers in fishing. Moreover, Asia Pacific is also predicted to lead the market
growth due to increased number of fishing activates. The key players profiled
in sports fishing equipment market comprise AFTCO, EAGLE CLAW, Newell Brands,
SHIMANO, TICA FISHING TACKLE, and OKUMA FISHING TACKLE.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, revenue (million USD), market share
and growth rate of Sports Fishing Equipment in these regions, from 2013 to 2025
(forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Sports Fishing Equipment market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Newell (Jarden Corporation)
•
Globeride(Daiwa)
•
Shimano
•
Rapala VMC Corporation
•
Weihai Guangwei Group
•
Dongmi Fishing
•
RYOBI
•
Pokee Fishing
•
Cabela's Inc.
•
Eagle Claw
•
Humminbird
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