Press release
Fishing Reels Market size was valued at USD 4.86 Bn. in 2022 and the revenue is expected to grow at a CAGR of 4.3%, reaching nearly USD 6.52 Bn.
Fishing Reels Market
Maximize Market Research's latest report delves into the Fishing Reels Market, presenting a detailed analysis of various market segments, including product types and sales channels. The report also offers insights into regional dynamics, shedding light on market trends and factors driving growth across different geographical areas.
The report's findings are based on a rigorous research methodology that combines primary and secondary data sources. A comprehensive analysis using tools like PORTER and PESTEL is presented, along with an assessment of potential micro-economic impacts on the market. The report's clear representation of competitive analysis and key player profiles makes it an invaluable resource for investors and decision-makers.
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Fishing Reels Market Dynamics:
The report highlights key drivers of market growth, such as the increasing popularity of recreational activities among millennials, particularly fishing. Additionally, it discusses the impact of the COVID-19 pandemic on the market, which led to a surge in demand due to the pursuit of socially isolating activities like fishing. On the other hand, supply chain disruptions and raw material shortages posed challenges to production and market growth.
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Fishing Reels Market Segmentation:
by Product Type
Spinning Reel
Baitcasting Reel
Spincast Reel
Fly Reel
Others
Spinning Reel, Baitcasting Reel, Spincast Reel, Fly Reel, and Others (Offshore, Conventional, Surf Fishing, etc.) are the market segments based on the product type. By 2029, the spinning reel market category is anticipated to have the biggest market shares. Spinning reels are getting more and more well-liked among consumers due to their exceptional efficiency and robustness. Both seasoned and novice fisherman use spinning reels because of their simplicity and effectiveness in all weather conditions.
by Fishing Type
Freshwater Fishing
Saltwater Fishing
by Sales Channel
Direct Sales
Hypermarkets/ Supermarkets
Specialty Stores
Outdoor Sports Store
Online Retailers
Other Sales Channel
Markets are divided into Direct Sales, Hypermarkets/Supermarkets, Specialty Stores, Outdoor Sports Stores, Online Retailers, and Other Sales Channels (Convenient Stores) based on the sales channel they use. The segment of internet retailers is anticipated to expand quickly between 2023 and 2029 at a CAGR. Online retailers' sales channels are anticipated to expand as a result of the accessibility and availability of a large variety of products on their platforms, as well as the ability to compare costs, product designs, and feature offerings.
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Fishing Reels Market Key Players:
1. SHIMANO INC.
2. Daiwa Corporation
3. Abu Garcia
4. NingBo HaiBao fishing tackle co., Ltd.
5. OKUMA FISHING TACKLE CO., LTD
6. The Orvis Company, Inc.
7. BPS Direct, L.L.C.
8. Tackle World
9. TICA FISHING TACKLE
10. BCF Australia
11. Pure Fishing, Inc. (Penn)
12. Stradic
13. Creed GT
14. Penn Spinfisher
15. Pflueger
16. Others
Table of content for the Fishing Reels Market includes:
1. Global Fishing Reels Market: Research Methodology
2. Global Fishing Reels Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Fishing Reels Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Fishing Reels Market Segmentation
• Global Fishing Reels Market, by Product Type (2022-2029)
• Global Fishing Reels Market, by Fishing Type (2022-2029)
• Global Fishing Reels Market, by Sales Channel (2022-2029)
5. Regional Fishing Reels Market (2022-2029)
• Regional Fishing Reels Market, by Product Type (2022-2029)
• Regional Fishing Reels Market, by Fishing Type (2022-2029)
• Regional Fishing Reels Market, by Sales Channel (2022-2029)
• Regional Fishing Reels Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Regional Insights:
North America emerges as a dominant player in the Global Fishing Reels Market, with the United States contributing significantly to the region's sales. The region's affinity for recreational sports activities and its expansive open spaces make it a favorable environment for the fishing reels market's growth. Meanwhile, the Asia Pacific region is expected to experience rapid growth, driven by the popularity of game fishing destinations and budget-friendly travel options.
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Contact Maximize Market Research:
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Chicago, IL, 60606, USA.
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About Us:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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