openPR Logo
Press release

Fishing Lure Market to Witness a Pronounce Growth by 2030

01-15-2021 01:52 PM CET | Sports

Press release from: Fact.MR

Fishing Lure Market

Fishing Lure Market

The spread of COVID-19 is resulting in declining sales as most anglers are staying indoors. To overcome this situation, manufacturers are utilizing digital technologies and engaging customers via online portals. As such, the outbreak of this pandemic has shifted consumer focus to e-Commerce platforms. This, in turn, will strengthen demand for fishing lures over the forecast period.

Request a report sample to gain comprehensive market insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=5293

There has been significant growth in the number of anglers across the world, which has consequently resulted in increased demand for fishing equipment and gear, including fishing lures. This trend is anticipated to continue over the forecast period of 2020 to 2030, and will further increase demand for fishing lures. Further, fishing is seen as one of the growing outdoor recreation activities - NMMA also announced that the recreational boating industry contributes an estimated US$ 170.3 billion in economic activity to the U.S. economy. This is anticipated to create ample opportunities for players operating in the fishing lure market, which is expected to expand at a value CAGR of around 5% over the next ten years.

For information on the Research Approach used in the Report, Request Methodology@ https://www.factmr.com/connectus/sample?flag=RM&rep_id=5293

Key Takeaways from Fishing Lure Market Study

• The global fishing lure market is projected to create an absolute $ opportunity of more than US$ 1.2 Bn, and is anticipated to surpass a valuation of US$ 3.3 Bn by the end of 2030.
• By fishing type, freshwater fishing is set to hold a share-wide market dominance with over 64% of the total market value by the end of the forecast period.
• By type, spinnerbaits are projected to expand at a value CAGR of nearly 6%, and are expected to be valued 2.5X than spoons by the end of 2020.
• By length, 5 inches fishing lure is anticipated to grow, gaining 630 BPS over the course of the forecast duration.
• The fishing lure market in Europe is expected to progress by experiencing a value CAGR of 2.7%, whereas North America is projected to be valued 7.3X times than South Asia & Oceania, and estimated to account for a major chunk of the demand pie by the end of the forecast period.

Get Full Access of the Report @ https://www.factmr.com/checkout/5293/S

“Large-scale closure of OEM plants in USA and Europe will have short-term implications on the growth of the fishing lure market. However, swift growth in the number of recreational fishing activities and rising fishing boat sales in developed regions are anticipated to lead to larger benefits during the forecast duration,” says a Fact.MR analyst.

Product Launches to Enhance Market Resiliency
Key players in the fishing lure market are Bass Pro Shops, Shimano Inc., Pure Fishing, Inc, Rapala VMC Corporation, Clam Outdoors, GLOBERIDE, Inc., Al Gags Fishing Lures , Al's GoldFishing Lure Co. , Weihai Guangwei Group Co., Ltd., Piscifun, Bee-Jay Bait, Eagle Claw, Bay de Noc Lure Company, and Bagley Bait Company LLC., among others.
Key players in the market are continuously focusing on product innovation to gain market share and create a USP in this highly competitive market space. In the recent past, the fishing lure market has seen numerous innovations. For instance,

• In 2020, Berkely, a brand of Pure Fishing Inc., launched its new jigs. The newly launched product gives a photo-realistic finish and an ultrathin tail, which can kick with the slightest rod movement or current.
• In 2020, 13 Fishing introduced its newly launched Pathfinder- Hybrid Walking Bait. This bait is designed to produce a top water delivery and is integrated with heavy duty hooks, internal rattles, and hybrid construction, and is engineered for fishing supremacy.

About Sports Domain of FactMR @ https://www.factmr.com/category/3/sports

Find More Valuable Insights on Fishing Lure Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global fishing lure market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges compelling insights on the fishing lure market based on type (jigs, combined lures, spoons, soft plastic baits, flies, spinnerbaits, and crankbaits), fishing type (freshwater fishing, saltwater fishing, and great lake fishing), length (less than 4 inches, 4 inches, 5 inches, and more than 5 inches), and sales channel (sports outlets, modern trade channels, fishing supply stores, online retail [company websites and third-party online], and other channels), across six regions.

About the Sports Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned sports team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the sports industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Unit No: AU-01-H
Gold Tower (AU)
Plot No: JLT-PH1-I3A
Jumeirah Lakes Towers, Dubai
United Arab Emirates
Contact: +353-1-6111-593
E-mail: sales@factmr.com
Website : https://www.factmr.com

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports.
We believe transformative intelligence can educate and inspire businesses to make smarter decisions.
We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fishing Lure Market to Witness a Pronounce Growth by 2030 here

News-ID: 2225857 • Views: 123

More Releases from Fact.MR

Pea Fiber Market Insights with Key Company Profiles – Forecast to 2031 | Roque …
The pea fibers market has witnessed prolific growth in recent years and is poised to grow at a CAGR of nearly 8% by the end of the forecast period. Continuous efforts by market players to strengthen their supply chains is anticipated to provide leverage to the market. Thus, the market is slated to grow by nearly 2X during the forecast period (2020-2030). To get in-depth information view the report @ https://www.factmr.com/report/4312/pea-fiber-market
High Strength Premixes Market to Make Great Impact in near Future by 2019-2029 | …
An eight-fold growth in global alcohol consumption sets the stage for accelerated performance of high strength premixes market, with millennials in particular inclined towards low alcohol drinks. The prevalent trend of easy-to-make alcoholic beverages and cocktails in North America, positions the region along a high growth trajectory in the market. High strength premixes market is highly fragmented, characterized by a large number of small-scale online retailers. To get in-depth information
Organic Acids Market Globally Expected to Drive Growth through 2027 | BASF SE, D …
Widespread usage of organic acids such as acetic acid and citric acid as preservatives, acidulates and flavor enhancers in the food & beverages industry will give an attractive dimension to the growth of the organic acids market. Unsurprisingly then, bakery & confectionery industry accounts for lion’s share of the market. To get in-depth information view the report @ https://www.factmr.com/report/4285/organic-acids-market Growing consumer demand for flavor enhancement to complement the nutrient profile of
Siloxane Market Estimates Showing Surprising Stability in key Business Segments …
Siloxane, usually referred to as a ‘behind-the-curtain ingredient, has witnessed a dramatic turnaround in the way it is perceived. Its unparalleled properties of enhanced spreadability, antifoaming capabilities and its use as a specialty additive to plastics, has given sizable traction to siloxanes over the past half of a decade. To get in-depth information view the report @ https://www.factmr.com/media-release/1131/global-siloxane-market Fact.MR, in its in-depth research report on the topic, states that bundled benefits

All 5 Releases


More Releases for Fishing

Global Fishing Equipments Market 2018 - Globeride, Shimano, Dongmi Fishing, RYOB …
Orbis Research has announced the addition of the 2018-2023 Global Fishing Equipments Consumption Market Report to store by company, by country, and by application/type for the competitive landscape analysis. Fishing equipment is the equipment used when fishing. Almost any equipment or gear used for fishing can be called fishing equipment. Some examples are Rods, Reels & Poles, Lures, Flies & Baits, Fishing Lines and Hooks. The global fishing equipments industry mainly concentrates
Global Sports Fishing Equipment Market 2018 - Newell, Dongmi Fishing, Eagle Claw …
The Sports Fishing Equipment Market report provides an unblemished picture of the present and future trends, advancements and opportunities. The report depicts an assemblage of tables and graphs other than qualitative analysis. Commencing with a debate on the present state of Sports Fishing Equipment Market market, the report surges ahead by discussing the dynamics influencing each segment within it. The report divides the market up to three standings and scrutinizes
Fishing Equipment Store Offers Best Fishing Equipment for Avid Fisherman
One-stop shop for all your fishing and equipment requirements. Products kept up to date Daily. Peter has launched an online site to help others receive the best fishing equipment offered at affordable prices than most retail stores. Instead of spending too much time going from one store to another to find the thing you need, fishingequipmentstores.com has it all in one location. A new product added constantly to locate replacement equipment or simply
Fly Fishing Reel Market
This report studies the Fly Fishing Reel market, a fishing reel is a cylindrical device attached to a fishing rod used in winding and stowing line. The reel is fly reel is a single-action reel, normally operated by stripping line off the reel with one hand while casting the rod with the other hand. Visit Here For Full Reports Description: https://www.reportsandmarkets.com/reports/asia-pacific-fly-fishing-reel-market-to-2022-1622854 The scope of the Report: This report focuses on the Fly Fishing
Global Bait Casting Fishing Rods Market 2017 : Dongmi Fishing, RYOBI, Pokee Fish …
Global Bait Casting Fishing Rods Market Research Report 2017-2022 A market research based on the "Global Bait Casting Fishing Rods Market" across the globe, recently added to the archive of Market Research Explore, is titled ‘Global Bait Casting Fishing Rods Market 2017’. The research report analyzes the ancient as well as present performance of the global Global Bait Casting Fishing Rods market, and makes predictions on the future status of Global
Global Fishing Equipments Market 2017- RYOBI, Gamakatsu, Tica Fishing, Pokee Fis …
Supported by comprehensive primary as well as secondary research, the report Global Fishing Equipments Industry 2017 presents profitable market insights. This market research report has deployed suggestions from numerous industry experts and also presents valuable recommendations from expert and experienced market analysts. The report incorporates restraints, market drivers, opportunities, challenges, investment potential, future roadmap, new innovations, vendor profiles, market trends, and strategies. The report also details market size forecasts for the