Press release
Analysts Forecast Continued Growth in Fishery Machinery Manufacturing Market
Fishery is an entity which has been widely popular for many years for harvesting or raising fish. The equipments used for these purposes have eased the process from time to time serving the livelihood of over a few hundred million people in the world. The machinery used for fishing is based on its classification viz. recreational and commercial.Recreational fishing is used for competition, fun and sports where equipments such as rods, hooks, line, reel as well as artificial flies are used for fishing. Commercial fishing is done for profit where equipments such as traps, lift nets, weights, hacks, dredges and trawls are used to manufacture tons of fishes daily.The market for fishing equipments is largely characterized by brand loyalty. With most of the users using specific brands, value of high quality fish tackle brands is increasing phenomenally. Furthermore, rising expenditure by millions of anglers across the globe and special taxes collected on motorboat fuel and fishing tackle are contributing in supporting fisheries conservation and fish recreational programs. The fishing equipment market is showing a healthy growth with the changing food habits as well as growing concerns of the health benefits of consuming fish. Fishes are high quality, low fat, protein rich in omega 3 fatty acids and vitamin D and B2 (riboflavin) which is healthy for heart and brain, and helps in lowering blood pressure.
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Europe represented the largest market for fishery equipments, followed by North America. Increasing demands from emerging markets of Latin America and Asia Pacific is expected to propel the global fishing equipment market. Buck’s Bag Inc., Berkley Fishing, Bass Pro Shops, AFTCO Mfg. Co. Inc., Aarcom International are some of the major players operating in this market.
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