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Angling & Hunting Equipment Market worth $924.98 million by 2030, growing at a CAGR of 7.03% - Exclusive Report by 360iResearch
Angling & Hunting Equipment Market | 360iResearch
The Global Angling & Hunting Equipment Market to grow from USD 536.97 million in 2022 to USD 924.98 million by 2030, at a CAGR of 7.03%.
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Angling and hunting equipment comprises a range of products designed specifically for the activities of fishing and hunting, respectively. Angling equipment, also known as fishing gear, includes items such as fishing rods, lines, reels, hooks, bait, and lures, which are used to capture fish. Hunting equipment refers to the tools and accessories used in the pursuit and harvesting of wildlife, including firearms, bows, arrows, knives, camouflage attire, and various other gear tailored to hunters' requirements in the field. Both categories of equipment are tailored to enhance the efficiency, safety, and success of outdoor sporting enthusiasts while adhering to local regulations and sustainable practices. The angling and hunting equipment market is expanding rapidly with growth in outdoor recreational activities, rising disposable incomes, and the increasing popularity of angling and hunting as sports and leisure activities. Furthermore, advancements in equipment, technology, and materials that offer better performance and sustainability also drive the market further. Despite the growth prospects, regulatory policies aiming to protect wildlife, hunting restrictions, and the growing sentiment against animal cruelty pose significant challenges to market growth. However, the incorporation of smart technology and e-commerce strategies presents future avenues for market players to enhance consumer experience and increase sales.
In the Americas, the market for angling and hunting equipment is experiencing steady growth, with a strong culture of hunting and fishing activities, driving significant demand for equipment. Inherent outdoor traditions in the United States and Canada, coupled with a sizable population of enthusiasts, continue to boost the market. Moreover, the presence of major industry players and brands in this region supports innovation and a variety of product offerings. The EMEA region exhibits a diversified market landscape, with Europe having a mature and stable market for angling and hunting equipment due to longstanding traditions and regulated hunting practices. Eastern Europe and the Middle East observe moderate growth attributed to increasing interest in outdoor sports and leisure activities. Africa, being rich in biodiversity and offering numerous hunting opportunities, attracts international hunting enthusiasts. The APAC region has shown growing interest in recreational fishing, especially in countries such as Japan, Australia, and South Korea. The rising disposable income in populous countries, including China and India, introduces potential growth avenues for the angling market.
Market Segmentation & Coverage:
This research report categorizes the Angling & Hunting Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Accessories, Archery, ATV Accessories, Cameras & Accessories, Clothing, Decoys, Fishing Rods & Reels, Game Calls, Gun Accessories, Maintenance & Storage, Hearing Protection, Optics &Scopes, Knives & Tools, Lures & Terminal Trackers, Packs & Bag Packs, and Tree Stands. The Cameras & Accessories commanded largest market share of 12.54% in 2022, followed by Fishing Rods & Reels.
Based on Distribution, market is studied across Offline and Online. The Offline commanded largest market share of 94.10% in 2022, followed by Online.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.48% in 2022, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Angling & Hunting Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Angling & Hunting Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Angling & Hunting Equipment Market, highlighting leading vendors and their innovative profiles. These include Adler Arms Corporation, Armytek Optoelectronics Inc., Browning Arms Company, Costa Del Mar Inc., Duluth Holdings Inc., EBSCO Industries, Inc, FORLOH, Inc., HARKILA, HILLMAN GEAR, LLC, Johnson Outdoors Inc., KUIU, LLC., Maver UK Ltd., O.F. Mossberg & Sons, Outfit International A/S, Pac Bow Archery, LLC, Pure Fishing, Inc., QSR Outdoor Products, Inc., Raised Hunting, Rapala VMC Corporation, Rather Outdoors, LLC, Sea Master Enterprise Co., Ltd., Sportschief by CÔTÉ RÉCO INC., The Orvis Company Inc., Tica Fishing Tackle, W.C Bradley Co, and WARWICK FIREARMS AUSTRALIA.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Angling & Hunting Equipment Market, by Product
7. Angling & Hunting Equipment Market, by Distribution
8. Americas Angling & Hunting Equipment Market
9. Asia-Pacific Angling & Hunting Equipment Market
10. Europe, Middle East & Africa Angling & Hunting Equipment Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Angling & Hunting Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Angling & Hunting Equipment Market?
3. What is the competitive strategic window for opportunities in the Angling & Hunting Equipment Market?
4. What are the technology trends and regulatory frameworks in the Angling & Hunting Equipment Market?
5. What is the market share of the leading vendors in the Angling & Hunting Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Angling & Hunting Equipment Market?
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About 360iResearch
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