Press release
North America Fishing Footwear Market Showing Impressive Growth by 2030 | Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research
The North America fishing footwear market was valued at US$ 183.32 million in 2022 and is expected to reach US$ 301.78 million by 2030; it is estimated to register a CAGR of 6.4% from 2022 to 2030.Fishing is gaining immense popularity as an outdoor activity in many parts of the world, especially in the US, the UK, and Australia. According to the Recreational Boating and Fishing Foundation (RBFF), in 2021, over 52.4 million Americans aged 6 and above participated in recreational fishing. The rate of participation in recreational fishing is increasing at a steady rate in the US. The figure below shows the participation rate for recreational fishing over the years in the US.
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The geographic scope of the North America Fishing Footwear refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands.
MARKET INTRODUCTION
Fishing equipment includes fishing rods, nets and traps, hooks, fishing reels, fishing lines, sinkers, lures, baits, fishing tackles, and other equipment and accessories. Fishing equipment is in high demand due to an increase in fishing activities across the globe. Recreational fishing is on the rise due to increasing interest in outdoor activities and growth of fish-based tourism in developing countries. Commercial fishing sector is also witnessing tremendous growth due to increased consumption of seafood across the globe. According to National Oceanic and Atmospheric Administration Fisheries (NOAA Fisheries), the US commercial and recreational saltwater fishing accounted for US$ 154.7 billion and US$ 98 billion sales respectively in 2020 and provided 1.7 million jobs in the US marine fishing sector.
List of Companies Profiled in the North America Fishing Footwear Market Report are:
• Grundens LLC
• Aftco Manufacturing Co Inc
• Huk Gear
• Korkers Products LLC
• Bryant Sales Co LLC
• Guntersville Breathables Inc
• Pelagic Inc
• Vista Outdoor Inc
• Rocky Brands Inc
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Key Segmentation:
North America Fishing Footwear Market Segmentation
The North America fishing footwear market is categorized into product type, category, end use and country.
In terms of product type, the North America fishing footwear market is segmented into boots, shoes, and others. The boots segment held the largest North America fishing footwear market share in 2022.
By category, the North America fishing footwear market is bifurcated into men and women. The men segment held a larger North America fishing footwear market share in 2022.
Based on end use, the North America fishing footwear market is categorized into residential/recreational and commercial. The commercial segment held a larger North America fishing footwear market share in 2022.
By country, the North America fishing footwear market is segmented into the US, Canada, and Mexico. The US dominated the North America fishing footwear market share in 2022.
Table of Contents
1. Introduction
1.1 Business Market Insights Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. North America Fishing Footwear Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes more ...
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Contact person: Ankit Mathur
Email: sales@businessmarketinsights.com
Phone: +16467917070
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defence; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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