openPR Logo
Press release

Fishing Reels Market Pegged for Robust Expansion by 2030

01-15-2021 01:56 PM CET | Sports

Press release from: Fact.MR

Fishing Reels Market

Fishing Reels Market

Rising number of recreational and sports fishing anglers, especially in North America and East Asia, is set to drive demand for fishing reels and other fishing associated accessories. Growth rate with respect to number of recreational anglers at a global level is expected to be 2.3% over the next ten years. Further, social media has silently elevated demand across several industries, including sports fishing equipment. Anglers post about their catch on social media, which increases the curiosity of people in their circle about participating in these activities. This trend is expected to continue through the forecast period, thereby positively impacting the growth of the fishing reels market.

Request a report sample to gain comprehensive market insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=1543

However, the outbreak of COVID-19 has impacted demand for global sports goods and other associated products, as a result of nationwide lockdowns that have had a showing significant effect on the production and supply chain of products. This has resulted in short-term decline in sales of fish equipment across North America, Europe, and East Asia.

Fact.MR’s report predicts that the global fishing reels market will progress at a CAGR of 4% over the forecast period of 2020 to 2030.

For information on the Research Approach used in the Report, Request Methodology@ https://www.factmr.com/connectus/sample?flag=RM&rep_id=1543

Key Takeaways from Fishing Reels Market Study

• The global fishing reels market is projected to create an absolute $ opportunity of more than US$ 1.4 Bn, and is anticipated to surpass a valuation of US$ 4.5 Bn by the end of the forecast period.
• By fishing type, freshwater fishing is set to hold a share-wide market dominance with over 66% of the total market value by 2030.
• By type, spinning reels are projected to progress at a value CAGR of 4% and be valued 5.1X than off shore by the end of 2030.
• By reel mechanism, anti-reversal fishing reels are poised to expand at a CAGR of 4.5%, gaining 268 BPS over the course of the forecast duration (2020-2030).
• The fishing reels market in Europe is expected to expand at a CAGR of 3.3%, whereas, North America is projected to be valued 5X than that of South Asia, and is estimated to account for a major chunk of the demand pie by the end of the forecast period.

“Increasing popularity of sports fishing in developing countries of South Asia will open up numerous opportunities for the fishing reels market,” says a Fact.MR analyst.

Get Full Access of the Report @ https://www.factmr.com/checkout/1543/S

Key Players to Focus on Product Innovation
Key players in the fishing reels market are Bass Pro Shops , Shimano Inc., Pure Fishing, Inc , Rapala VMC Corporation, Clam Outdoors, Zebco, Jiu Yu Fishing Tackle Co., Ltd., NingBo HaiBao Fishing Tackle Co., Ltd., Okuma Fishing Tackle Co., Ltd., and Weihai Guangwei Group Co., Ltd..

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 reels market has seen numerous innovations. For instance, Daiwa Corporation has given much emphasis on product innovation and quality. As a result, the company offers many features in its products, and has broadened its product portfolio with a variety of fishing reels.

Find More Valuable Insights on Fishing Reels Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the global fishing reels market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges compelling insights on the fishing reels market based on type (spinning reels, spincast reels, baitcaster reels, trolling reels, offshore reels, and others), reel mechanism (anti-reverse reels and direct-drive reels), fishing type (freshwater fishing, saltwater fishing, and great lake fishing), and sales channel (outdoor sports stores, modern trade channels, other channels, and online retail [company websites and third-party online]), across six regions.

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

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 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 Reels Market Pegged for Robust Expansion by 2030 here

News-ID: 2225863 • Views: 165

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