Sports Fishing Equipment Market Size to grow by USD 2.09 billion | Technavio

NEW YORK, March 31, 2022 /PRNewswire/ -- According to the report "Sports Fishing Equipment Market by Product and Geography - Forecast and Analysis 2021-2025", the market witnessed a YOY growth of 1.53% in 2021 and a CAGR of 2.80% during the forecast period. The report is segmented by product (fishing rod, fishing reel, fishing lure, and others) and geography (North America, Europe, APAC, South America, and MEA).

Technavio has announced its latest market research report titled 
Sports Fishing Equipment Market by Product and Geography - Forecast and Analysis 2021-2025

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Market Scope

The sports fishing equipment market report covers the following areas:

  • Sports Fishing Equipment Market size
  • Sports Fishing Equipment Market trends
  • Sports Fishing Equipment Market industry analysis

Vendor Insights 

The sports fishing equipment market is fragmented, and the vendors are deploying growth strategies such as launching new products with innovative technologies to compete in the market. Some of the key vendors are listed below:

  • AFTCO Mfg. Co. Inc.
  • Fairpoint Outdoors AS
  • Gamakatsu USA Inc.
  • GLOBERIDE Inc.
  • Grandt Industries Inc.
  • OKUMA FISHING TACKLE Co. Ltd.
  • Pure Fishing Inc.
  • Rapala VMC Corp.
  • Shimano Inc.
  • Tica Fishing Tackle

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Geographical Market Analysis 

North America will provide maximum growth opportunities in sports fishing equipment during the forecast period. According to our research, the region will contribute 40% of the global market growth during the forecast period. The US is the major market for sports fishing equipment in North America.

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Key Segment Analysis

The sports fishing equipment market share growth by the fishing rod segment will be significant during the forecast period. The development of new variants of fishing rods with improved technologies will encourage more end-users to invest in such models, subsequently accelerating the growth momentum of the market during the forecast period.

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Key Market Drivers & Challenges: 

The increasing popularity of recreational fishing is driving the sports fishing equipment market growth. However, factors such as preference for pre-used and rental variants of sports fishing equipment may impede market growth.

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Key Highlights
  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist sports fishing equipment market growth during the next five years
  • Estimation of the sports fishing equipment market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the sports fishing equipment market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sports fishing equipment market vendors

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Sports Fishing Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2021-2025

USD 2.09 billion

Market structure

Fragmented

YoY growth (%)

1.53

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, China, France, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AFTCO Mfg. Co. Inc., Fairpoint Outdoors AS, Gamakatsu USA Inc., GLOBERIDE Inc., Grandt Industries Inc., OKUMA FISHING TACKLE Co. Ltd., Pure Fishing Inc., Rapala VMC Corp., Shimano Inc., and Tica Fishing Tackle

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Fishing rod - Market size and forecast 2020-2025
  • Fishing reel - Market size and forecast 2020-2025
  • Fishing lure - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AFTCO Mfg. Co. Inc.
  • Fairpoint Outdoors AS
  • Gamakatsu USA Inc.
  • GLOBERIDE Inc.
  • Grandt Industries Inc.
  • OKUMA FISHING TACKLE Co. Ltd.
  • Pure Fishing Inc.
  • Rapala VMC Corp.
  • Shimano Inc.
  • Tica Fishing Tackle

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us: 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

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