Fishing Equipment Market is expected to reach USD 16,107.8 Million by 2027 growing at a CAGR of 4.0% from 2021 to 2027
The increased interest of children in fishing and its related activities has created new business opportunities for stakeholders
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, March 8, 2022 /EINPresswire.com/ — “Global fishing gear market trends are expected to see significant growth, driven by the use increase in advanced technologies such as drones, robotics and hybrid technology, which help in catching fish easily.In addition, the growing interest of children in fishing and its related activities has created new business opportunities for parties stakeholders, which increases overall industry revenue”
According to a new report published by Allied Market Research, titled “Fishing Equipment Market by Type, Nature, and Distribution Channel: Opportunity Analysis and Industry Forecast 2021-2027,” the global fishing equipment market size was valued at $13,481.1 Million in 2019, and is expected to reach $16,107.8 Million by 2027 with a CAGR of 4.0% from 2021 to 2027.
Main results of the study
By type, hooks segment dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period of the fishing tackle market.
By nature, the freshwater segment accounted for the highest share of fishing gear market growth in 2019 and is expected to grow at a CAGR of 3.2% from 2021 to 2027.
By distribution channel, the offline segment dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period
By region, North America accounted for the highest fishing gear market share in 2019 and is expected to grow at a CAGR of 3.8%.
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Major players operating in the fishing tackle industry include:-
.JARVIS WALKER PTY, INC.
JOHNSON OUTDOORS INC.
MAVER UK LTD
OUTDOOR BRANDS .PRADCO
PURE PEACH, INC.
ROME SPECIALTY COMPANY, INC.
SEA MASTER ENTERPRISE CO., LTD.
TICA FISHING EQUIPMENT
On Rise and gain Fishing Equipment Market Analysis:-
With the increase in internet penetration, the number of social media users has increased significantly. Considering this, most of the key players in the fishing gear market are strategizing to promote their products and services on these social media platforms. E-commerce is one of the major strategies adopted by various businesses and industries to publicize their product offerings among the target customers on the e-commerce channels. Thus, through e-commerce marketing strategy, analysis of the global Fishing Equipment market is a critical opportunity to gain momentum and grow customer base among its target segments.
Additionally, there are a variety of fishing techniques such as gathering, netting, trapping, angling, and spearfishing used to catch the fish. Additionally, recreational, artisanal and commercial fishers use different and sometimes similar techniques. Recreational anglers fish for fun or sport and primarily use angling methods to fish in saltwater and freshwater. Additionally, modern fishing techniques such as electric reels, modern rods and nets have added more precision in fishing techniques. Thus, the increase in effective fishing techniques for fishing further propels the growth of the market. However, PETA (People for the Ethical Treatment of Animals), a charity that operates globally and is dedicated to establishing and protecting the rights of all animals, campaigns against angling and launched a number of initiatives and campaigns designed to turn the general public against fishing and achieve their goals. ultimate goal of banning angling. Additionally, PETA has launched a campaign called “Don’t Let Your Kids Become Prostitutes,” which aims to stop parents from encouraging their children to fish. Additionally, many NGOs such as Aquaculture Stewardship Council and Fisheries Innovation Scotland are against commercial fishing and fishing gear. Additionally, 40% of the world’s oceans are heavily impacted by human activities, including fisheries depletion, pollution, and loss of coastal habitats, making PETA and NGOs more brutal on fishing. Thus, the increasing anti-fishing campaign by NGOs and PETA is limiting the growth of the fishing gear market.
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FREQUENTLY ASKED QUESTIONS?
Q1. What will be the size of the Fishing Equipment market from 2021 to 2027?
Q2. What is the CAGR of the Fishing Equipment market?
Q3. How can I get a sample report of the Fishing Equipment market?
Q4. What is the factor affecting the Fishing Equipment market?
Q5. What are the segments of the Fishing Equipment market?
TABLE OF CONTENTS :-
CHAPTER 1 INTRODUCTION
1.1.Description of the report
1.2. Main benefits for stakeholders
1.3.Key market segment
1.4.3.Analysis tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Main results of the study
2.1.1. Main impact factors
2.1.2. Main pockets of investment
CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Porter’s Five Forces Analysis
3.3. Market dynamics
18.104.22.168.Rise of sport fishing
22.214.171.124. Innovation in fishing equipment
126.96.36.199. Evolution of fishing techniques
188.8.131.52.Emergence of e-commerce channels
184.108.40.206. Actions of PETA and other NGOs against hunting
220.127.116.11. Impact of fishing gear on the environment
18.104.22.168. Availability of fishing equipment for children
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