Current and Projected Fishing Equipment Market size in terms of volume and value 2016 - 2024
Fishing as a commercial, leisure, and sporting activity is gaining significant prominence across the world owing to the recognition of fishing as a leading sport by several associations and with the growing support of organizations such as American Sportfishing Association. In order to increase the participation of people in fishing as a recreational activity, many organizations are focusing on promotional activities and awareness programs. Many developed countries such as the U.K. are the U.S. are expanding their fishing platforms, thus improving access to water bodies for fishing purpose and make it a social sport. With fishing gaining grounds beside reservoirs and canals, it is imperative to develop efficient platforms on these water bodies. Fishing equipment can be classified into swivels and tippers, sinkers, rigs, pliers and tools, tackle boxes, hooks, baits and flies, fishing lines, lures, rods, and poles and reels.
The market intelligence report investigates into the conceivable growth prospects for the global fishing equipment market and the sequential growth of the market during the course of the forecast period. It also exclusively provisions the mandatory data related to aspects such as the dynamics manipulating the progress in all possible reflective manner. Numerous pervasive and non-pervasive trends have also been stated in the report. An outlook of extensive nature keeping in mind the Porter’s five forces analysis has been provided to make the vendor landscape transparent to the reader. The report further points out several activities related to R&D, mergers, acquisitions, and crucial conglomerates and corroborations. The companies in attention have been examined on the basis of market shares, prime products, and key marketing strategies.
Global Fishing Equipment Market: Drivers and Restraints
Depending on the fishing technique, different tools have been designed and developed. Fishing is a broad market globally and is expected to maintain a stable growth rate over the coming years. Owing to the growing food and beverages industry and a rise in the demand for sea food, the fishing industry is likely to witness a leap in the near future. The continuously changing food habits of consumers across the globe is also likely to benefit the fishing equipment market in the market as numerous people shift towards the consumption of fish and other sea foods. The non-vegetarian diet trend and growing population are also anticipated to boost the demand for fishing equipment in the coming years. Fish recreational programs and fisheries conservation are gaining prominence worldwide with growing expenditure by anglers across the globe and taxes being levied on motorboat fuel and fishing. With the medicinal benefits of fish, fishing activities are likely to increase over the years, thus boosting the demand for fishing equipment.
Global Fishing Equipment Market: Regional Outlook
Region-wise, the global fishing equipment market has been classified into Europe, Asia Pacific, North America, and the Rest of the World. With the rise in disposable income and shift of consumers towards a non-vegetarian diet is expected to benefit the Asia Pacific market along with the growing retail culture in the region. The region is also expected to gain prominence due to a large fish eating population.
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Global Fishing Equipment Market: Companies Mentioned in the Report
Some of the leading companies in the market are Sea Master Enterprise Co. Ltd., Penn Fishing Tackle Manufacturing Company, Rome Specialty Company, Lureflash International Ltd., Jarden Corporation, Daiwa Corporation, Berkley, and Arcom International.
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