Europe Fishing Reels Market to Grow at a CAGR of 4.0% to reach US$ 2,615.26 million from 2021 to 2028
The Europe fishing reels market is expected to grow from US$ 1,982.58 million in 2021 to US$ 2,615.26 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.
Recreational activities have proven highly beneficial to people worldwide due to various benefits such as improved physical well-being, emotional health, and cognitive functioning; better socializing with peers and colleagues; and enhanced total activity level. Further, the millennial population favors activities such as fishing for leisure recreation, which is fueling the growth of fishing activity in most developing and developed region. According to a survey, in a social media discussion group for fishing enthusiasts with 2,000 members, the number of people born in the 1990s reached 1,004. In addition, according to a 2021 Special Report on Fishing, the youth and adolescent fishing increased significantly last year, with 13.5 million youth ages 6–17 hitting the water. The above data indicates that recreational fishing among millennials leads to the increasing demand for fishing reels across the region and gives rise to several key trends, thereby impacting the fishing reel market growth.
In Europe, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. Initially, other member states had implemented drastic measures and travel restrictions, including partially closing their borders that impacted the import and export of products. Due to restrictions on imports and exports, the fishing reels from Asia Pacific countries could not be exported to Europe, causing a shortage in the supply of fishing reels. During the lockdown, countries in Europe imposed restrictions and banned recreational fishing, which led to a decrease in demand for fishing reels. However, some countries encouraged recreational fishing during the pandemic, positively impacting the demand for fishing reels. The start of manufacturing operations and ease of restrictions on carrying out recreational activities and import and export activities will lead to an increased demand for fishing reels.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe fishing reels market. A reel is a mechanical device linked to a fishing rod that uses a revolving arm to store, release, and collect the fishing line. Most fishers prefer a specific style of fishing reel based on their location, target species of fish, budget, and level of experience. For instance, spinners are the most popular among new fishers and are preferred because of their ease of use and other advantages. Spinning reels, also known as spinners, are ideal for fishing with light baits such as live baits and soft plastics. On the other hand, professional anglers prefer baitcasting reels because they can last longer than spinning gear. In addition, these reels allow fishers to cast spinnerbaits, crankbaits, and jigs more accurately. Further, the spinning reel is the most popular reel used by fishermen of all levels because of its superior open-faced design. This design provides the required adaptability while also providing great usability and accuracy. In reality, the design allows the spool to have a large line capacity while also being simple to switch lines as needed. Therefore, it is important to equip the fishing rod with the appropriate reel because each type of fishing reel requires a distinct skill level and function. Thus, the rising awareness regarding the use and benefits of different types of fishing reels is a major factor driving the market.
Europe Fishing Reels Market Revenue and Forecast to 2028 (US$ Million)
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Europe Fishing Reels Market Segmentation
Europe Fishing Reels Market – By Type
- Spinning Reel
- Baitcasting Reel
- Spincast Reel
- Others
Europe Fishing Reels Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Europe Fishing Reels Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Fishing Reels Market, by Type
1.3.2 Fishing Reels Market, by Distribution Channel
1.3.3 Fishing Reels Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Fishing Reels Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.3 Expert Opinion
5. Europe Fishing Reels Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Awareness Regarding Different Fishing Reels
5.1.2 Incrementing Number of Anglers in Developing Countries
5.2 Market Restraints
5.2.1 High Demand for Rented Equipment
5.3 Market Opportunities
5.3.1 Development of Innovative Products
5.4 Future Trends
5.4.1 Rising Popularity of Recreational Activities among Millennials
5.5 Impact Analysis
6. Fishing Reels – Europe Market Analysis
6.1 Fishing Reels Market –Revenue and Forecast to 2028 (US$ Mn)
7. Europe Fishing Reels Market Analysis – By Type
7.1 Overview
7.2 Fishing Reels Market, By Type (2020 and 2028)
7.3 Spinning Reel
7.3.1 Overview
7.3.2 Spinning Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
7.4 Baitcasting Reel
7.4.1 Overview
7.4.2 Baitcasting Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
7.5 Spincast Reel
7.5.1 Overview
7.5.2 Spin Cast Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
8. Europe Fishing Reels Market Analysis – By Distribution Channel
8.1 Overview
8.2 Fishing Reels Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
9. Europe Fishing Reels Market – Country Analysis
9.1 Europe: Fishing Reels Market
9.1.1 Europe: Fishing Reels Market, by Key Country
9.1.1.1 Germany: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Fishing Reels Market, by Type
9.1.1.1.2 Germany: Fishing Reels Market, by Distribution Channel
9.1.1.2 France: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Fishing Reels Market, by Type
9.1.1.2.2 France: Fishing Reels Market, by Distribution Channel
9.1.1.3 Italy: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Fishing Reels Market, by Type
9.1.1.3.2 Italy: Fishing Reels Market, by Distribution Channel
9.1.1.4 UK: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Fishing Reels Market, by Type
9.1.1.4.2 UK: Fishing Reels Market, by Distribution Channel
9.1.1.5 Russia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Fishing Reels Market, by Type
9.1.1.5.2 Russia: Fishing Reels Market, by Distribution Channel
9.1.1.6 Rest of Europe: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Fishing Reels Market, by Type
9.1.1.6.2 Rest of Europe: Fishing Reels Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on Europe Fishing Reels Market
10.1 Overview – Impact of COVID-19
10.2 Europe: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Accurate Fishing
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Rather Outdoors, LLC.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 The Orvis Company
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Piscifun
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Cadence
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 NingBo HaiBao fishing tackle co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Cabela’s LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe: Fishing Reels Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. Germany Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. France Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Europe Fishing Reels Market
LIST OF FIGURES
Figure 1. Fishing Reels Market Segmentation
Figure 2. Fishing Reels Market Segmentation – By Country
Figure 3. Europe Fishing Reels Market Overview
Figure 4. Spinning Reels Accounted for the Largest Share of the Europe Fishing Reels Market
Figure 5. Rest of Europe Held the Largest Share of the Europe Fishing Reels Market
Figure 6. Europe Fishing Reels Market, Industry Landscape
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Fishing Reels Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. Fishing Reels Market Revenue Share, By Type (2020 and 2028)
Figure 12. Spinning Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Baitcasting Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Spin Cast Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Others: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Fishing Reels Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 17. Supermarkets and Hypermarkets: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Specialty Stores: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Online Retail: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Others: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Europe: Fishing Reels Market, by Key Country – Revenue (2020) (US$ Million)
Figure 22. Europe: Fishing Reels Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Germany: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. France: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Italy: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. UK: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Russia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Fishing Reels Market in Europe
- Accurate Fishing
- Rather Outdoors, LLC.
- The Orvis Company
- Piscifun
- Cadence
- NingBo HaiBao fishing tackle co., Ltd.
- Cabela’s LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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