Press release
Asia-Pacific Monofilament Fishing Line Occupied 34.05% Sales Market Share in 2017
Monofilament fishing line (shortened to just mono) is fishing line made from a single fiber of plastic. Most fishing lines are now monofilament because monofilament fibers are cheap to produce and are produced in a range of diameters which have different tensile strengths.
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Global Monofilament Fishing Line Market: Forecast by Type / Application / Region
Market Segment by Manufacturers, this report covers , PureFishing, Sunline, Sufix International, Toray, SHIMANO INC, DAIWA , Maxima Fishing Line, Momoi, Ultima, Seaguar, FORTUNE, Ande Monofilament, Mercan Fishing Lines, FOX International , Schneider Fishing Lines, FirstDart and Jarvis Walker Pty Ltd.
Market Segment by Type, covers, Below 0.20 mm , 0.20-0.40 mm , 0.40-0.80 mm, Above 0.80 mm.
Market Segment by Applications, can be divided into, Saltwater Fishing, Freshwater Fishing.
Globally, the monofilament fishing line industry market is low concentrated as the manufacturing technology of monofilament fishing line is relatively matures than some high-tech equipment. And some enterprises, like PureFishing, Sunline, Sufix International and Toray etc. are well-known for the wonderful performance of their monofilament fishing line and related services. At the same time, Asia-Pacific, occupied 34.05% sales market share in 2017, is remarkable in the global monofilament fishing line industry because of their market share and technology status of monofilament fishing line.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the monofilament fishing line market to approach these areas. GIR analysis of the monofilament fishing line market indicated that Asia-Pacific would account for the highest sales in 2023, particularly in China, Japan and Korea. Other leading regions such as USA and Europe also have great potential. Vendors recognize the importance of these regions, and are working towards penetrating this market by strengthening their sales and distribution networks.
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Related Information:
United States Monofilament Fishing Line Market 2018 Forecast to 2023
Europe Monofilament Fishing Line Market 2018 Forecast to 2023
North America Monofilament Fishing Line Market 2018 Forecast to 2023
Asia-Pacific Monofilament Fishing Line Market 2018 Forecast to 2023
China Monofilament Fishing Line Market 2018 Forecast to 2023
EMEA Monofilament Fishing Line Market 2018 Forecast to 2023
Global Monofilament Fishing Line Market 2018 Forecast to 2023
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