Press release
Fishing Reels Market Analysis by Current Status and Growth Opportunities, Top Key Players, and Forecast by 2028
Rising Awareness Regarding Different Fishing ReelsAccording to our latest market study on "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)," the market is projected to reach US$ 8,958.36 million by 2028 from US$ 6,254.74 million in 2021. It is expected to register a CAGR of 5.3% from 2021 to 2028. The increasing number of anglers as well as the penetration of e-commerce channels are expected to aid the fishing reels market growth substantially.
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, product features, the increasing number of anglers in developing countries, and the growing popularity of recreational activities among consumers are the key factors fueling the demand for fishing reels, which is expected to drive the fishing reels market growth during the forecast period. However, the high preference for rented equipment is likely to hamper the market growth over the long run.
Request to sample PDF:
https://www.theinsightpartners.com/sample/TIPRE00020622/?utm_source=OpenPR&utm_medium=10822
The spinning reel is one of the most popular types of fishing reels among anglers owing to its usability as well as low cost. This segment accounted for the largest portion of the global fishing reels market share in 2020. However, increasing awareness and the penetration of e-commerce channels as well as social media marketing has increased the interest and awareness in different types of fishing reels. Thus, the rising awareness is driving the fishing reels market growth.
In Australia, recreational fishing is essential, both socially and economically. Over 3 million people are involved in recreational fishing every year, making it one of Australia's most significant outdoor activities. Further, there is a rise in spending on fishing activities by anglers across the world. For instance, according to the Recreational Boating & Fishing Foundation (US), anglers spent almost US$ 33 billion on freshwater fishing activities in 2019. The rising number of anglers in developing countries is driving the market's growth.
The fishing reels market is analyzed on the basis of type and distribution channel. Based on the type, the fishing reels market is segmented into the spinning reel, baitcasting reel, spin-cast reel, and others. Based on distribution channel, the fishing reels market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others.
Some of the key players or manufacturers in the global fishing reels market include 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.; and Cabela's LLC.
Impact of COVID-19 Pandemic on Fishing Reels Market
During the COVID-19 pandemic, the consumer goods industry faced unprecedented challenges due to the shortage in raw material supply, the shutdown of factories, labor shortage, and other operational difficulties under COVID-19 safety protocols. The shutdown of manufacturing units, difficulty in procuring raw materials, and restrictions on imports and exports have hampered the fishing reels market growth considerably. The government-imposed lockdowns and movement restrictions have caused massive shipping delays in Asia Pacific, where most fishing reels are manufactured. For instance, China is a key manufacturing hub within the global fishing reels market, and, due to the pandemic, the Chinese ports were operating at 40%, 50%, or 60% capacities between 2020 and 2021 with a majority of the trade dedicated to essential goods and services. However, an increase in fishing activities and a rise in rookie anglers are expected to increase the demand for fishing reels, most commonly spinning reels. According to the Recreational Boating & Fishing Foundation (RBFF) study, 55% of people who tried fishing in 2020 were likely to continue fishing in 2021 as well. This, in turn, is likely to keep the demand for fishing reels high, thereby positively impacting the fishing reels market growth over the forecast period.
The report segments the fishing reels market as follows:
Based on the distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).
Complete Your Purchase @
https://www.theinsightpartners.com/buy/TIPRE00020622/?utm_source=OpenPR&utm_medium=10822
Contact Us
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com
About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialists in industries such as technology, media, food & beverages, chemicals & materials, and telecommunication.
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 Analysis by Current Status and Growth Opportunities, Top Key Players, and Forecast by 2028 here
News-ID: 3397463 • Views: …
More Releases from The Insight Partners

Truck Bedliner Market Analysis, Size, and Share by 2028
The Truck Bedliner Market size is valued US$ 500.95 million in 2022; it is estimated to grow at a CAGR of 4.2% from 2022 to 2028.
Truck bedliners protect the interior of a truck bed and provide a nonslip surface. The demand for truck covers is increasing in the automotive industry due to the surge in the production of medium and heavy-duty trucks. In particular, Asia Pacific, the Middle East,…

Motorsport Transmission Market is Grow at a CAGR of 4.6% to reach US$ 470.38 mil …
The motorsport transmission market was valued at US$ 329.44 million in 2022 and is projected to reach US$ 470.38 million by 2030; it is expected to grow at a CAGR of 4.6% during 2022-2030.
The global motorsport transmission market has been segmented into five major regions: North America, Europe, APAC, the MEA, and SAM. The global motorsport transmission market is driven by increasing racing car championships and the growing popularity of…

Bowling Pins Market is expected to grow a CAGR of 4.7% from 2025 to 2031
The Global Bowling Pins Market 2031 that centers around Bowling Pins Market examines the significant components with a top to bottom methodology and empowers the client to survey the drawn-out based interest additionally predicts explicit executions. This report gives subjective investigation, clarifying item scope and expounding Market experiences and standpoint.
To Get Sample Copy of Report, Click Here - https://www.theinsightpartners.com/sample/TIPRE00027518/?utm_source=OpenPR&utm_medium=10607
(Our SAMPLE COPY of the report offers a quick…

Gas Fired Boiler Market is expected to grow a CAGR of 6.7% from 2025 to 2031
The Global Gas Fired Boiler Market 2031 that centers around Gas Fired Boiler Market examines the significant components with a top to bottom methodology and empowers the client to survey the drawn-out based interest additionally predicts explicit executions. This report gives subjective investigation, clarifying item scope and expounding Market experiences and standpoint.
To Get Sample Copy of Report, Click Here - https://www.theinsightpartners.com/sample/TIPRE00027557/?utm_source=OpenPR&utm_medium=10607
(Our SAMPLE COPY of the report offers…
More Releases for Fishing
Global Fishing Reels Market Size, Share, and Forecast 2022 - 2032 | Key Players: …
The Global Fishing Reels Market Size is expected to reach USD 9.17 Billion by 2032, at a CAGR of 5.7% during the forecast period 2022 to 2032.
Request To Download Free Sample copy of the report @ https://www.sphericalinsights.com/request-sample/2058
Comprehensive historical analysis of global market for Global Fishing Reels Market Size, Share, Forecast 2022-2032. has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from…
Fishing Charters in Florida - Reel Way Fishing Charters
If you're a Florida fishing enthusiast, Reel Way Fishing Charters ( https://reelwayfishingcharters.com ) may be the perfect choice. Located in Pensacola Beach, the company offers a wide variety of trips - from nearshore excursions in local bays to inshore trips in the open ocean. All equipment is provided, including fishing licenses and tackle. The captain will clean any fish that you catch and take home with you.
The boats are maintained…
Freshwater Fishing Reel Market increasing demand with key players Shimano, Quant …
"SWOT Analysis of Freshwater Fishing Reel, Professional Survey Report Including Top Most Global Players Analysis with CAGR and Stock Market Up and Down."
The Freshwater Fishing Reel Market research report presents an all-inclusive study of the Freshwater Fishing Reel market. The report includes all the major trends and technologies performing a major role in the Freshwater Fishing Reel market development during the forecast period. The key players in the market are…
Global Fishing Hooks Market: Growing Popularity of Recreational Fishing Resultin …
The lucrativeness of online channels is becoming increasingly palpable in the fishing hooks market, as a traditionally brick-and-mortar marketplace is being swept by waves of digitalization. A new Fact.MR study projects online sales to grow at the highest rate through 2028; however, the growth won’t be enough to offset preeminence of general sporting goods stores as the largest and most preferred sales channel.
Click for Sample Copy of the Report here…
Global Fishing Equipments Sales Market 2017 - Dongmi Fishing, RYOBI, Pokee Fishi …
Global Fishing Equipments Market 2017, presents a professional and in-depth study on the current state of the Fishing Equipments market globally, providing basic overview of Fishing Equipments market including definitions, classifications, applications and industry chain structure.
Additionally, the region-wise segmentation and the trends driving the leading geographical region and the emerging region has been presented in this report.
Download Sample Report @ http://www.fiormarkets.com/report-detail/50507/request-sample
The Current global Fishing Equipments Analysis and opportunities are also…
Global Fishing Reel Market 2017 - Penn Fishing , Pflueger Fishing ,Shimano , Orv …
The Worldwide Fishing Reel Report does an extensive study of the Market Segment, Product categories, market revenue, product cost, Forecast 2017-2022. After that, the Global Fishing Reel market 2017 Report is segregated into different categories based on geographical regions, key vendors and range of applications. The report also studies the Fishing Reel Market Share and Growth.
The latest Fishing Reel global report presents insightful details related to the current scenario of…