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Fishing Reels Market worth USD 8,958.36 Mn at a CAGR of 5.30% by 2028 - Exclusive Research by The Insight Partners
Fishing Reels Market
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The fishing reels market is expected to grow from US$ 6,254.74 million in 2021 to US$ 8,958.36 million by 2028. It is estimated to rise at a CAGR of 5.30% from 2021 to 2028.
A fishing reel is a cranking reel attached to a fishing rod used to wind and stow fishing lines. It is traditionally utilized in the recreational sport of angling and competitive casting. The rising awareness regarding various types of fishing reels, the increasing number of anglers in developing countries, and the growing popularity of recreational activities among millennials are the key factors fueling the demand for fishing reels, which is expected to drive the market growth during the forecast period. However, the high preference for rented equipment is likely to hamper the market growth over the long run.
Global Fishing Reels Market: Regional Analysis
The report offers a qualitative assessment of the growth and allied aspects of the Fishing Reels market in key regions namely- North America, Europe, Asia-Pacific, and Latin America.
The report has been formulated after critically examining the crucial factors that determine the market growth such as the economic, environmental, social, technological, and political scenario of the particular region. Analysts have evaluated the data of revenue, production, and manufacturers of each region. This section provides the analysis of region-wise revenue and volume for the forecast period of 2021-2028. This data analysis helps the reader assess the investment potential of a particular region.
Global Fishing Reels Market: Competitive Landscape
A few players operating in the fishing reels market are Accurate Fishing; Innovative Reels Technologies Ltd.; Rather Outdoors, LLC.; The Orvis Company; Piscifun; Eposeidon Outdoor Adventure Ltd.; Cadence; JiuYu Fishing Tackle Co., Ltd.; NingBo HaiBao fishing tackle co., Ltd.; Cabela's LLC. These companies are actively taking up strategies, such as mergers and acquisitions and research and development, to expand their customer base and gain significant share in the global market, allowing them to maintain their brand name worldwide.
This section of the report enlists various key manufacturers in the market. Readers can thus understand the strategies and collaborations of these players that they use to combat /slay down the potential competitors in the market. A comprehensive draft of the report provides a minute microscopic view of the market which in turn enables the readers to follow the footprints of the manufacturers by assessing their global revenue figures for the forecast period of 2021-2028.
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Fishing Reels Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Spinning Reel, Baitcasting Reel, Spincast Reel, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Key features of the Fishing Reels Market:
• Market overview
• Market competition
• Market revenue and price trends
• Market analysis based on application
• Company profiles and major Figures
• Market dynamics
• Methodology and data source
The report comprises a detailed assessment of all the leading market players and manufacturers thus, projecting a brief idea of their market performance. The report also mentions the challenges posed in their work and the reasons for manipulating their positions in the market to help readers frame their decisions wisely. The competitive landscape of the Fishing Reels Market provided here serves the detailed insights of company profiles, developments, mergers, acquisitions, economic status, and SWOT analysis.
Note: Our team continuously reviews the COVID-19 impact on various industry verticals and will keep assessing its influence on the market whenever required. Stay in touch for more details.
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
"The Insight Partners" is a one-stop solution for all industrial research requirements. We help our clients get quick solutions pertaining to the market scenario and requirements based on our state-of-the-art research methodology.
We excel at providing research-based reports across a wide range of sectors and industries such as Semiconductors & Electronics, Aerospace & Defence, Automotive & Transportation, Biotechnology, Healthcare, IT, Manufacturing & Construction, Medical Device Technology, Media & Telecommunications, and Chemicals and Materials.
We keep our research pattern lucid to understand. Serving the best to our customers is our foremost priority. Our research reports time and again have proved to be worthy of the client's money providing the most suitable data and market analysis.
Our research work precisely focuses on the market performance in terms of market size, competitive plotting, company analysis, regional or country analysis, etc. We deliver the categorically segmented data that provides the know-how of geography, technology, products and services, thereby enabling the clients to better understand their industrial research requirements.
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