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Fly Fishing Apparel And Accessories Market Size, Deep Analysis, Growth Statistics, Share, Trends And Forecast To 2033
Fly Fishing Apparel And Accessories Market
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According to The Business Research Company's, The fly fishing apparel and accessories market size has grown steadily in recent years. It will grow from $3.22 billion in 2023 to $3.36 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to growth in popularity of fly fishing, increased participation in outdoor activities, growth in demand for eco-friendly products, increased popularity of catch-and-release fishing, growth interest in fashion and style.
The fly fishing apparel and accessories market size is expected to see steady growth in the next few years. It will grow to $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to increasing demand for seafood, growing demand for eco-friendly products, increasing disposable income, recreational fly fishing gaining traction, increasing number of women participating in fly fishing. Major trends in the forecast period include expansion of product portfolios by major manufacturers, ongoing technological advancements, innovations in fishing equipment, development of eco-friendly and sustainable fly fish apparel, rising adoption of strategies by key players.
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Market Drivers and Trends:
Increased interest in outdoor activities is expected to propel the growth of the fly-fishing apparel and accessories market going forward. Outdoor activities encompass any leisure, recreation, sport, play, or cultural activity that can be done outside. Fly fishing delivers a unique and immersive experience that appeals to both novices and seasoned enthusiasts as more people want to reconnect with nature and engage in leisure hobbies. For instance, according to the Outdoor Foundation, a US-based non-profit organization committed to the health of communities and the outdoor recreational sector, in 2021, 164.2 million, or 54% of Americans aged six and over engaged in outdoor recreation at least once, the most significant number of participants on record, and it is 6.9% higher than 2020, when 161.3 American people participated in outdoor recreation. Therefore, the increased interest in outdoor activities will drive the fly-fishing apparel and accessories market.
Product innovation is a key trend gaining popularity in the fly-fishing apparel and accessories market. Major companies operating in the fly-fishing apparel and accessories market are focused on developing innovative products to strengthen their position in the market. For instance, in March 2022, Skwala Fishing, a US-based designer and manufacturer of fishing apparel and gear, launched a new fly-fishing brand with garments designed and constructed to allow anglers to go farther in their fly fishing interests. The brand debuts with a strong lineup of core items, including two waders, two coats, two insulation pieces, two sun shirts, wading pants, and shorts. It incorporates innovative breathable/insulation design and technology to keep fishermen comfortable in the warmer or coldest circumstances, with industry-leading stretch fabrics used.
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Major Key Players of the Market:
Decathlon SA, Shimano Inc., Columbia Sportswear Company, Patagonia Inc., The Orvis Company Inc., Simms Fishing Products LLC, Hardy & Greys Limited, Costa Del Mar, Outcast Sporting Gear, Wapsi Fly Inc., Original Buff S.A., Umpqua Feather Merchants, Griffin Enterprises Inc., R.L. Winston Rod Company, Scott Fly Rod Company, Hatch Outdoors Inc, Frogg Toggs, Snowbee USA, Bassdash, Loop Tackle Design AB, Vision Fly Fishing, Suncloud Optics, Fishpond, Scientific Anglers, Fishewear, WETFLY LLC, Howler Brothers, Montana Fly Company, Hareline Dubbin Inc, Temple Fork Outfitters.
Fly Fishing Apparel And Accessories Market 2024 Key Insights:
• The fly fishing apparel and accessories market size is expected to see steady growth in the next few years. It will grow to $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%.
• Surging Demand For Fly Fishing Apparel And Accessories Fueled By Outdoor Enthusiasts
• Emerging Trends In Fly Fishing Apparel And Accessories Market
• North America was the largest region in the fly fishing apparel and accessories market in 2023
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