Sports Fishing Equipment Market to Reap Excessive Revenues by 2017 to 2022

FactMR has actively published a new research study titled “Sports Fishing Equipment Market to Reap Excessive Revenues by 2017 to 2022 | Key Players are Newell Brands Inc., Shimano Inc., Aftco Mfg. Co. Inc, etc.” to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the sports fishing equipment market during the period from 2017-2022. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants. As per research findings, the global sports fishing equipment market is expected to showcase impressive growth at 4.6% CAGR during the period until 2022.

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Sports fishing equipment market is exhibiting a steady growth due to the increasing popularity of sports and recreational fishing. Governments of various countries are making efforts to ensure more and more people participate in fishing by improving access to fishing platforms. The report, compiled by FactMR, provides in-depth analysis of the global Sports Fishing Equipment Market for the forecast period 2017-2022, and offers key insights about future market direction. The scope of FactMR’s report is to analyze the global sports fishing equipment market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Sports fishing equipment manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.

The report commences with a brief information of the global sports fishing equipment market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global sports fishing equipment market.

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 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 such as habitat degradation, restoring the biodiversity of marine ecosystems and improve the aquatic systems that support recreational fishing. Due to all the above mentioned factors, the global market for sports fishing equipment is expanding at a steady pace.

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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 FactMR 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.

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. As per the forecast of FactMR, 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.

As per the forecast of FactMR, 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.

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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