Global Fish Hunting Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast 2018 to 2029
“Global Fish Hunting Equipment Market” is the title of an upcoming report offered by MarketResearch.Biz. The research study involved the extensive usage of expert opinions, using both primary and secondary data sources and efforts. Also, market risks, opportunities, growth market barriers and challenges, and future scenarios have been covered in the report. The research process involved the study of various factors positively or negatively impacting the industry and market. Factors considered include government policies and mandates, the market environment, competitive landscapes, current and historical trends in the market, technological innovations, new solutions and modifications made to existing provisions, upcoming technologies and the technical progress of related industries. The global fish hunting equipment market has been segmented on the basis of product, distribution channel, as well as regions and countries.
Fishing gear or fish hunting equipment is defined as the tools used to capture aquatic/marine resources. Furthermore, a single type of gear may also be used in multiple ways. Different target species require different fishing gear to effectively catch the target species.
Owing to rapid urbanization and increasing participation by millenials, there is a growing preference among individuals for outdoor recreational activities, and this in turn, is expected to positively impact revenue growth of the global fish hunting equipment market. The growing trend of travel and vacation are also other factors that are undeniably increasing product sales figures and contributing to the revenue growth of the fish hunting equipment market.
The freshwater fishing category emerged as the most popular fishing category in recent years when compared to saltwater and fly fishing. An increasing number of females participating in this activity will subsequently lead to an increase in the demand for appropriate equipment, which in turn, will contribute to the revenue growth of the global fish hunting equipment market.
Another factor that is contributing to market growth is the presence of digital entrepreneurs, who through social media are increasing awareness of the fish hunting equipment market.
The global fish hunting equipment market was valued at US$ XXX in 2019 and is projected to register a CAGR of XX% by 2028.
Segmentation of the global fish hunting equipment market is as follows:
In terms of product, the fishing reels segment accounted for the highest revenue share in 2019. Various fishing equipment advancements in the three categories of fishing reels - spinning reels, casting reels, fly fishing reels is surging the demand for equipment such as this, and in turn, is leading to revenue growth of the global fish hunting equipment market.
The baits & lures segment is also expected to register steady revenue growth over the next 10 years owing to continuous product developments.
On the basis of distribution channels, the offline distribution channel segment accounted for the majority revenue share in 2019, with specialty stores contributing the most revenue to the offline distribution channel segment due to a wider variety of available fishing gear. The online distribution channel segment is also expected to grow on account of its convenience and ease of use to potential customers.
Regional Segmentation and Analysis:
The market in North America accounted for the majority revenue share of the global fish hunting equipment market in 2019 on account of the sheer number of anglers in the region. The market in Europe is also expected to register steady revenue growth of the global fish hunting equipment market due to the growing popularity of recreational fishing in the region.
Segmentation of Global Fish Hunting Equipment Market:
Segmentation by Product Outlook:
- Fishing Rods
- Fishing Reels
- Baits & Lures
Segmentation by Distribution Channel:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Van Staal
- Globeride Inc.
- Maver UK Ltd.
- PRADCO Outdoor Brands Inc.
- Eagle Claw
- Costa Del Mar Inc.
- Pure Fishing Inc.
- Newell Brands
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