Fishing Reels Market Share & Share | Research Report 2028
[Research Report] The fishing reels market is expected to grow from US$ 6,254.74 million in 2021 to US$ 8,958.36 million by 2028. It is estimated to rise at a CAGR of 5.30% from 2021 to 2028.
A fishing reel is a cranking reel attached to a fishing rod used to wind and stow fishing lines. It is traditionally utilized in the recreational sport of angling and competitive casting. The rising awareness regarding various types of fishing reels, the increasing number of anglers in developing countries, and the growing popularity of recreational activities among millennials are the key factors fueling the demand for fishing reels, which is expected to drive the market growth during the forecast period. However, the high preference for rented equipment is likely to hamper the market growth over the long run.Europe is considered one of the largest markets for fishing reels worldwide due to an increasing number of anglers across the region. The fishing reels market in Europe is expected to grow at a remarkable CAGR over the forecast period. The significant presence of fishing tackle manufacturers in this region is the key factor behind this growth. According to the Social and Economic Aspects of Recreational Angling report 2019, around 2,900 manufacturers and wholesalers and 12,900 retail and sports serving shops are present across the region. An increased presence of manufacturers is expected to lead to various developments and innovations in the product development stage of fishing reels. At the same time, the rise in the number of retail shops will enhance the availability of fishing reels, supporting the market growth in Europe.
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Fishing Reels Market: Strategic Insights
Market Size Value in US$ 6,254.74 million in 2021 Market Size Value by US$ 8,958.36 million by 2028. Growth rate CAGR of 5.30% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Fishing Reels Market: Strategic Insights
| Market Size Value in | US$ 6,254.74 million in 2021 |
| Market Size Value by | US$ 8,958.36 million by 2028. |
| Growth rate | CAGR of 5.30% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Fishing Reels Market
The ongoing pandemic has drastically altered the status of the chemical and materials sector and negatively impacted the growth of the fishing reels market. Implementing various measures to combat the spread of the virus has aggravated the situation and impacted several industrial sectors' growth. The shutdown of manufacturing units, difficulty in procuring raw materials, and restrictions on imports and exports have hampered the market considerably. The lockdowns and movement restrictions are causing massive shipping delays in Asia Pacific, where most fishing reels are manufactured. For instance, China is a key manufacturing hub of fishing reels, and, due to the pandemic, the Chinese ports were operating at 40, 50, or 60% capacities between 2020 and 2021.
Introducing the COVID-19 vaccine has eased the situation to some extent, leading to a rise in business activities across the world. Also, with relaxation in Covid-19 related norms, people are increasingly getting involved in leisure activities, and the demand for fishing gear, including reels, has risen. As per the study conducted by the Recreational Boating and Fishing Foundation in 2021, 55 million Americans went fishing in 2020, among which 4.4 million went fishing the first time, which is a 42% increase. An increase in fishing activities and a rise in rookie anglers are expected to increase the demand for fishing reels, most commonly spinning reels. This, in turn, is likely to keep the demand for fishing reels high, thereby positively impacting the market over the next few years.
Market InsightsRising Awareness Regarding Different Fishing Reels
A fishing reel is a mechanical device linked to a fishing rod that uses a revolving arm to store, release, and collect the fishing line. Most anglers prefer a specific style of fishing reel based on their location, target species of fish, budget, and level of experience. Beginners usually prefer or opt for spinning reels, also known as spinners as they are relatively priced low and are easy to use. They are widely available and are the most widely adopted type of fishing reel across the globe. Professional anglers opt for baitcasting reels, and this segment is expected to register high growth during the forecast period.
The spinning reel is quite popular among anglers of all levels due to its superior open-faced design, providing the required adaptability while offering excellent usability and accuracy. In reality, the design allows the spool to have an extensive line capacity while being simple to switch lines as needed. Therefore, it is essential 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 driving the market substantially.
Type Insights Based on the type, the fishing reels market is segmented into spinning reels, baitcasting reels, spin-cast reels, and other reels. The spinning reel segment accounted for a larger market share in 2020 and is expected to grow at a significant rate during the forecast period. Spinning reels is a smooth and high-quality drag system that can be used when drift fishing in a current, allowing the fish to run with the bait before engaging the reel and striking. Thus, the growing demand for sport fishing equipment is expected to boost the demand for spinning reels during the forecast period. Baitcasting reels can carry heavy lines and have much pulling power, making them an excellent choice for larger fish, thereby boosting the segment's growth.
Distribution Channel Insights
Based on distribution channel, the fishing reels market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment is anticipated to grow, owing to a large number of consumers worldwide continuing to favor these stores since these stores allow them to assess the quality and design of products. The supermarkets and hypermarkets segment offers a diverse product combination and several brands of fishing reels, all under one roof, fueling the segment's growth.
A few players operating in the fishing reels market are Accurate Fishing; Innovative Reels Technologies Ltd.; Rather Outdoors, LLC.; The Orvis Company; Piscifun; Eposeidon Outdoor Adventure Ltd.; Cadence; JiuYu Fishing Tackle Co., Ltd.; NingBo HaiBao fishing tackle co., Ltd.; Cabela's LLC. These companies are actively taking up strategies, such as mergers and acquisitions and research and development, to expand their customer base and gain significant share in the global market, allowing them to maintain their brand name worldwide.
Report Spotlights
- Progressive fishing reels market trends to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing fishing reels markets
- Quantitative analysis of the fishing reels market size from 2019 to 2028
- Estimation of global fishing reels market demand
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Fishing reels market trends and outlook as well as factors driving and restraining the growth of the fishing reels market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the fishing reels market growth
- The fishing reels market size at various nodes
- Detailed overview and segmentation of the market, as well as the fishing reels market dynamics
- Fishing reels market size in various regions with promising growth opportunities
Fishing Reels Market Report Scope
The global fishing reels market has been segmented as mentioned below:
By Type
- Spinning Reel
- Baitcasting Reel
- Spincast Reel
- Others
By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Company Profiles
- Accurate Fishing
- Innovative Reels Technologies Ltd.
- Rather Outdoors, LLC.
- The Orvis Company
- Piscifun
- Eposeidon Outdoor Adventure Ltd.
- Cadence
- JiuYu Fishing Tackle Co., Ltd.
- NingBo HaiBao fishing tackle co., Ltd.
- Cabela's LLC
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
In 2020, Europe held the largest share of the global fishing reels market. The various countries from the Europe region are witnessing an upsurge due to growth in sports and recreational activities which is fueling the market growth during the forecast period.
The major players operating in the global fishing reels market are Accurate Fishing; Innovative Reels Technologies Ltd.; Rather Outdoors, LLC.; The Orvis Company; Piscifun; Eposeidon Outdoor Adventure Ltd.; Cadence; JiuYu Fishing Tackle Co., Ltd.; NingBo HaiBao fishing tackle co., Ltd.; Cabela’s LLC; among others.
The spinning reels segment held the largest share of the global fishing reels market in 2020. The spinning reel is the most popular reel used by fishermen of all levels because of its superior open-faced design. Due to the benefits and ease of use, the demand for the spinning reel is expected to grow during the forecast period.
The specialty stores segment held the largest share of the global fishing reels market in 2020. A substantial proportion of consumers around the world continue to favor these stores since these stores allow them to assess the quality and design of products, while the presence of trained staff help the customers with the required assistance in making a decision.
. Asia Pacific is estimated to register the fastest CAGR in the global fishing reels market over the forecast period. Various countries from the Asia Pacific region are witnessing a surge in fishing activities due to an increasing trend of recreational fishing across countries such as Australia, China, India, among others. Along with this, the different types of fishing activities practiced in different countries across the region will have a positive impact on the fishing reels market across the Asia Pacific.
The online retail segment is the fastest growing segment in the global fishing reels market during the forecasted period. The online segment has grown significantly over the last decade. Moreover, various developments in the internet space have occurred in recent years with many manufacturers utilizing e-commerce and social media platforms for marketing as well as distribution.
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 Geography
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. Fishing Reels Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 Central and South America PEST Analysis
4.3 Expert Opinion
5. Fishing Reels Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Awareness Regarding Different Fishing Reels
5.1.2 Growing Number of Anglers in Developing Countries
5.2 Market Restraints
5.2.1 High Preference for Rented Equipment
5.3 Market Opportunities
5.3.1 Product Innovation
5.4 Future Trends
5.4.1 Growing Popularity of Recreational Activities among Millennials
5.5 Impact Analysis
6. Fishing Reels – Global Market Analysis
6.1 Fishing Reels Market Overview
6.2 Fishing Reels Market –Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning – Fishing Reels Market Players
7. Global Fishing Reels Market Analysis – By Type
7.1 Overview
7.2 Fishing Reels Market, By Category (2020 and 2028)S
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. 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. Fishing Reel Market – Geographic Analysis
9.1 Overview
9.2 North America: Fishing Reel Market
9.2.1 North America: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Fishing Reel Market, by Type
9.2.3 North America: Fishing Reel Market, by Distribution Channel
9.2.4 North America: Fishing Reel Market, by Key Country
9.2.4.1 US: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Fishing Reel Market, by Type
9.2.4.1.2 US: Fishing Reel Market, by Distribution Channel
9.2.4.2 Canada: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Fishing Reel Market, by Type
9.2.4.2.2 Canada: Fishing Reel Market, by Distribution Channel
9.2.4.3 Mexico: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Fishing Reel Market, by Type
9.2.4.3.2 Mexico: Fishing Reel Market, by Distribution Channel
9.3 Europe: Fishing Reel Market
9.3.1 Europe: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Fishing Reel Market, by Type
9.3.3 Europe: Fishing Reel Market, by Distribution Channel
9.3.4 Europe: Fishing Reel Market, by Key Country
9.3.4.1 Germany: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Fishing Reel Market, by Type
9.3.4.1.2 Germany: Fishing Reel Market, by Distribution Channel
9.3.4.2 France: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Fishing Reel Market, by Type
9.3.4.2.2 France: Fishing Reel Market, by Distribution Channel
9.3.4.3 Italy: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Fishing Reel Market, by Type
9.3.4.3.2 Italy: Fishing Reel Market, by Distribution Channel
9.3.4.4 UK: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Fishing Reel Market, by Type
9.3.4.4.2 UK: Fishing Reel Market, by Distribution Channel
9.3.4.5 Russia: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Fishing Reel Market, by Type
9.3.4.5.2 Russia: Fishing Reel Market, by Distribution Channel
9.3.4.6 Rest of Europe: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Fishing Reel Market, by Type
9.3.4.6.2 Rest of Europe: Fishing Reel Market, by Distribution Channel
9.4 Asia Pacific: Fishing Reels Market
9.4.1 Asia Pacific: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Fishing Reels Market, by Type
9.4.3 Asia Pacific: Fishing reels Market, by Key Country
9.4.3.1 India: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.1.1 India: Fishing Reels Market, by Type
9.4.3.1.2 India Fishing Reels Market, by Distribution Channel
9.4.3.2 Australia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.2.1 Australia: Fishing Reels Market, by Type
9.4.3.2.2 Australia Fishing Reels Market, by Distribution Channel
9.4.3.3 China: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.3.1 China: Fishing Reels Market, by Type
9.4.3.3.2 China Fishing Reels Market, by Distribution Channel
9.4.3.4 Japan: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.4.1 Japan: Fishing Reels Market, by Type
9.4.3.4.2 Japan Fishing Reels Market, by Distribution Channel
9.4.3.5 South Korea: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.5.1 South Korea: Fishing Reels Market, by Type
9.4.3.5.2 South Korea Fishing Reels Market, by Distribution Channel
9.4.3.6 Rest of Asia Pacific: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.6.1 Rest of Asia Pacific: Fishing Reels Market, by Type
9.4.3.6.2 Rest of Asia Pacific: Fishing Reels Market, by Distribution Channel
9.5 Middle East & Africa: Fishing Reels Market
9.5.1 Middle East & Africa: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East & Africa: Fishing Reels Market, by Type
9.5.2.1.1 Middle East and Africa Fishing Reels Market, by Distribution Channel
9.5.3 Middle East & Africa: Fishing Reels Market, by Key Country
9.5.3.1 South Africa: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3.1.1 South Africa: Fishing Reels Market, by Type
9.5.3.1.2 South Africa Fishing Reels Market, by Distribution Channel
9.5.3.2 Saudi Arabia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3.2.1 Saudi Arabia: Fishing Reels Market, by Type
9.5.3.2.2 Saudi Arabia Fishing Reels Market, by Distribution Channel
9.5.3.3 UAE: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3.3.1 UAE: Fishing Reels Market, by Type
9.5.3.3.2 UAE Fishing Reels Market, by Distribution Channel
9.5.3.4 Rest of MEA: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3.4.1 Rest of Middle East & Africa: Fishing Reels Market, by Type
9.5.3.4.2 Rest of Middle East & Africa: Fishing Reels Market, by Distribution Channel
9.6 South and Central America: Fishing Reels Market
9.6.1 South and Central America: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: Fishing Reels Market, By Type
9.6.3 South and Central America: Fishing Reels Market, by Key Country
9.6.3.1 Brazil: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.6.3.1.1 Brazil: Fishing Reels Market, by Type
9.6.3.2 Argentina: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.6.3.2.1 Argentina: Fishing Reels Market, by Type
9.6.3.2.2 Argentina Fishing Reels Market, by Distribution Channel
9.6.3.3 Rest of South and Central America: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.6.3.3.1 Rest of South and Central America: Fishing Reels Market, by Type
9.6.3.3.2 Rest of South and Central America Fishing Reels Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on Global Fishing Reels Market
10.1 Overview – Impact of COVID-19
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific : Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: 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 Innovative Reels Technologies Ltd.
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 Rather Outdoors, LLC.
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 The Orvis Company
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 Piscifun
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 Eposeidon Outdoor Adventure 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 Cadence
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
11.8 JiuYu Fishing Tackle Co., Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 NingBo HaiBao fishing tackle co., Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Cabela’s LLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Fishing Reels Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. Global Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. France Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Fishing Reel Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Fishing Reel Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia Pacific Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 28. India Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. India Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 30. Australia Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Australia Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 32. China Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. China Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 34. Japan Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Japan Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 36. South Korea Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 38. Rest of Asia Pacific Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia Pacific: Fishing Reels Market, by Distribution Channel
Table 40. Middle East & Africa Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. Middle East and Africa Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 42. South Africa Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. South Africa Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 44. Saudi Arabia Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Saudi Arabia Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 46. UAE Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. UAE Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 48. Rest of Middle East & Africa Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of Middle East & Africa Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 50. South and Central America Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South and Central America Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 52. Brazil Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Brazil Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 54. Argentina Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Argentina Fishing Reels Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of South and Central America Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of South and Central America Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 58. Glossary of Terms, Global Fishing Reels Market
LIST OF FIGURES
Figure 1. Fishing Reels Market Segmentation
Figure 2. Fishing Reels Market Segmentation – By Geography
Figure 3. Global Fishing Reels Market Overview
Figure 4. Global Fishing Reels Market, By Type
Figure 5. Global Fishing Reels Market, by Geography
Figure 6. Global Fishing Reels Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia Pacific: PEST Analysis
Figure 10. Middle East And Africa: PEST Analysis
Figure 11. Central and South America PEST Analysis
Figure 12. Expert Opinion
Figure 13. Global Fishing Reels Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Fishing Reels Market
Figure 15. Fishing Reels Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 16. Fishing Reels Market Revenue Share, By Type (2020 and 2028)
Figure 17. Spinning Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Baitcasting Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Spin Cast Reel: 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. Fishing Reels Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 22. Supermarkets and Hypermarkets: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Specialty Stores: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Online Retail: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Others: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Global Fishing Reel Market Revenue Share, By Region (2020 and 2028)
Figure 27. North America: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: Fishing Reel Market Revenue Share, by Type (2020 and 2028)
Figure 29. North America: Fishing Reel Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 30. North America: Fishing Reel Market Revenue Share, by Key Country (2020 and 2028)
Figure 31. US: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Fishing Reel Market Revenue Share, by Type (2020 and 2028)
Figure 36. Europe: Fishing Reel Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 37. Europe: Fishing Reel Market Revenue Share, by Key Country (2020 and 2028)
Figure 38. Germany: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. France: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Italy: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. UK: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Russia: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe: Fishing Reel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Asia Pacific: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Asia Pacific: Fishing Reels Market Revenue Share, by Type (2020 and 2028)
Figure 46. Asia Pacific: Fishing Reels Market Revenue Share, by Key Country (2020 and 2028)
Figure 47. India: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Australia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. China: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Japan: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. South Korea: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Rest of Asia Pacific: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Middle East & Africa: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Middle East & Africa: Fishing Reels Market Revenue Share, by Type (2020 and 2028)
Figure 55. Middle East & Africa: Fishing Reels Market Revenue Share, by Key Country (2020 and 2028)
Figure 56. South Africa: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Saudi Arabia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. UAE: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Rest of MEA: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South and Central America: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. South and Central America: Fishing Reels Market Revenue Share, by Type (2020 and 2028)
Figure 62. South and Central America: Fishing Reels Market Revenue Share, by Key Country (2020 and 2028)
Figure 63. Brazil: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Argentina: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of South and Central America: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Impact of COVID-19 Pandemic on Fishing Reels Market in North America
Figure 67. Impact of COVID-19 Pandemic on Fishing Reels Market in Europe
Figure 68. Impact of COVID-19 Pandemic on Fishing Reels Market in Asia Pacific
Figure 69. Impact of COVID-19 Pandemic on Fishing Reels in Middle East & Africa
Figure 70. Impact of COVID-19 Pandemic on Fishing Reels in South and Central America
The List of Companies - Fishing Reels Market
- Accurate Fishing
- Innovative Reels Technologies Ltd.
- Rather Outdoors, LLC.
- The Orvis Company
- Piscifun
- Eposeidon Outdoor Adventure Ltd.
- Cadence
- JiuYu Fishing Tackle Co., Ltd.
- 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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