Sports Fishing Equipment Market Overview, Trends and Growth Opportunities Forecasted till 2017-2022

Dublin 2, Ireland, 2018-Jan-10 — /EPR Network/ —

The report on Sports fishing equipment market is the latest addition to the huge database of Fact.MR. This research study is segmented on the basis of applications, technology, geography, and types. The report provides a detailed Sports Fishing Equipment Market Overview along with the analysis of industry’s gross margin, cost structure, consumption value, and sale price. The leading companies of the fishing equipment market, manufacturers, and distributors are profiled in the report along with the latest Industry development current and future trends.

Sports fishing is gaining ground and becoming popular in various regions around the world. Several fishing associations like the American Sport fishing Association are encouraging people to increase their participation in fishing by conducting various fishing programs and events. Owing to the rising popularity of fishing as a sports and as a recreational activity, a number of governments across the globe are focusing on such as habitat degradation, restoring the biodiversity of marine ecosystems and improve the aquatic systems that support recreational fishing. fishing development. The key nations like the United States and United Kingdom are making efforts to increase their fishing platforms, due to which there is an improved access to water bodies to fish in and make it a popular sport. In addition, as governments around the world are focusing on issues Due to all the above mentioned factors, the global market for sports fishing equipment is expanding at a steady pace.

Sports fishing equipment like rods, reels, hooks, baits, lures, lines, sinkers etc. are used to aid in the process of fishing. Such kind of equipment is used for recreational fishing and it may be different from the equipment used for commercial fishing.

The Fact.MR report on the global sports fishing equipment market forecasts that the global sports fishing equipment market will touch a value of nearly US$ 2,840 Mn in the year 2022 and grow at a moderate CAGR during the assessment period.

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North America Set to Dominate Global Sports Fishing Equipment Market

The market in North America is set to dominate the global sports fishing equipment market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America sports fishing equipment market is the most attractive market, growing at a moderate CAGR over the assessment period.

Fishing Rods Segment Poised to Touch a Value of Nearly US$ 900 Mn in 2022

As per the forecast of Fact.MR, the fishing rods segment is expected to reach a value of nearly US$ 900 Mn in the year 2022. This represents a moderate CAGR during the forecast period of 2017-2022. Fishing rods segment is expected to account for nearly one-third of the revenue share of the product type segment by the year 2017 and is expected to gain market share by the end of the year 2022.

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Individual Consumers Segment to exhibit a CAGR of 3.9% During the Assessment Period

As per the forecast of Fact.MR, the individual consumers segment is slated to touch a figure of nearly US$ 905 Mn in the year 2022. This represents a CAGR of 3.9% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The individual consumers segment is expected to account for nearly one-third of the revenue share of the end user segment by the year 2017.

4 Forecast Highlights on Global Sports Fishing Equipment Market

1. As per the forecast of Fact.MR, the fishing reels segment is slated to touch a value of nearly US$ 455 Mn in the year 2022. This represents a moderate CAGR during the assessment period of 2017-2022. The fishing reels segment is estimated to account for nearly one-fifth of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
2. As per the forecast of Fact.MR, the clubs end user segment will reach a value of nearly US$ 420 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The clubs end user segment is estimated to account for nearly one-fifth of the revenue share of the end user segment in the year 2017-end and is expected to lose market share by the end of the year 2022.
3. As per the forecast of Fact.MR, the independent sports outlet segment is slated to reach a value of nearly US$ 862 Mn in 2022. The independent sports outlet segment is expected to lose some market value by the end of the year 2022. The largest share is contributed by the North America region in the independent sports outlet segment.
4. MR forecasts the US sports fishing equipment market to grow from nearly US$ 671 Mn in 2017 to nearly US$ 843 Mn in 2022. This represents a compound annual growth rate (CAGR) of 4.6% from 2017 to 2022

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global sports fishing equipment market through 2022, which include EagleClaw Midstream Services, LLC, Newell Brands Inc., Okuma Fishing Tackle Corporation, Shimano Inc., Aftco Mfg. Co., Inc., Globeride, Inc., O. Mustad & Son A.S., Rapala VMC Corporation and Gamakatsu.

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