Fishing Equipment Market Size, Analysis Report 2028
[Research Report] The fishing equipment market size was valued at US$ 23,799.79 million in 2021 and is projected to reach US$ 31,835.53 million by 2028; it is expected to register a CAGR of 4.2% from 2021 to 2028.
Market Insights and Analyst View:
Recreational fishing, also known as sports fishing, is done for pleasure or fun. It includes hand gathering, spearfishing, angling, netting, and trapping. Angling is one of the most common types of recreational fishing done using fishing rods, hooks, and lines. Owing to hectic lifestyle, people are engaging in various recreational activities to reduce day to day depression, stress, and encourage social interaction. Recreational fishing is becoming popular among people of all ages as it is inexpensive unlike other sporting activities such as skiing and ice hockey and easy to learn. Thus, the rising popularity of recreational fishing is driving the demand for fishing equipment such as fishing rods, nets, traps, reels, hooks, fishing baits and lines, and sinkers.
Growth Drivers and Challenges:
Fish-based eco-tourism is growing rapidly in various developing as well as developed countries across Europe, North America, and Asia Pacific. Fish-based tourism involves travelling consciously/responsibly to fishing area for recreational fishing. It involves recreational fishing, cultural sharing with local anglers, and learning about traditions and lifestyles. In fishing tourism, non-crew members or tourists can fish with professional fishermen and learn new fishing skills. Through training and development programs, Fishermen are motivated and are endowed with the skills necessary to provide tourists with quality tourism services. Thus, the growth of fish-based tourism is driving the demand for innovative and cutting-edge fishing equipment. This factor is significantly expected to drive the fishing equipment market growth over the forecast period.
The rising penetration of e-commerce platforms also provides strong growth potential to the fishing equipment market. People are increasingly preferring online shopping websites to purchase fishing equipment due to the convenience of shopping a wide range of products at affordable prices remotely. Moreover, the availability of product descriptions, details, customer reviews and ratings, and multiple payment channels elevate the customer shopping experience, resulting in more online sales of fishing equipment. Thus, the rising sales of fishing equipment through e-commerce websites such as Amazon.com, Walmart, the Home Depot, and direct-to-customer shopping sites of the manufacturers is expected to open immense growth opportunities in the fishing equipment market over the forthcoming period.
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Fishing Equipment Market: Strategic Insights
Market Size Value in US$ 23,799.79 million in 2021 Market Size Value by US$ 31,835.53 million by 2028 Growth rate CAGR of 4.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Fishing Equipment Market: Strategic Insights
| Market Size Value in | US$ 23,799.79 million in 2021 |
| Market Size Value by | US$ 31,835.53 million by 2028 |
| Growth rate | CAGR of 4.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Report Segmentation and Scope:
The “Global Fishing Equipment Market” is segmented based on type, distribution channel, and geography. Based on type, the fishing equipment market is segmented into fishing rods, nets and traps, hooks, reels, fishing line, sinkers, and others. Based on distribution channel, the fishing equipment market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The fishing equipment market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
Segmental Analysis:
Based on type, the fishing equipment market is segmented into fishing rods, nets and traps, hooks, reels, fishing lines, sinkers, and others. Based on distribution channel, the fishing equipment market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the significant share in the fishing equipment market and the online retail segment is expected to register the significant growth over the forecast period. Specialty stores have wide assortment of specific product categories with varied price ranges from cheaper to premium ones. Specialty stores are preferred shopping platforms of fishing equipment as people have access to several brands of fishing equipment under one roof. Moreover, these stores have knowledgeable staff that assist customers to find right products. The availability of a wide range of products of different brands as well as co-operative staff increases the customer satisfaction which result in increased sales of fishing equipment through specialty stores. These factors are significantly driving the segment’s growth, eventually driving the fishing equipment market.
Regional Analysis:
Based on geography, the fishing equipment market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global fishing equipment market was dominated by Europe which accounted for US$ 7,711.13 Million in 2021. North America is a second major contributor holding more than 28% share in the global market. Asia Pacific is expected to register the considerable growth at a CAGR of 5.4% over the forecast period. There are a large number of anglers present in Europe. According to the European Commission (EC) data, there are more than 9 million recreational fishers in Europe. The presence of a large number of anglers and recreational fishers in the region is driving the demand for fishing equipment. Moreover, rising government initiatives to develop recreational fishing sector provides lucrative opportunity to the fishing equipment market across Europe.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the fishing equipment market are listed below:
- In October 2019, American Baitworks Co, a manufacturer of fishing gear, expanded its production base and distribution center across the Mississippi Gulf Coast.
- In October 2022, PRADCO Fishing acquired Whisker Seeker Tackle, a premium brand of catfish tackle based in Iowa, the US. Whisker Seeker Tackle offers a wide range of fishing equipment including fishing rods, rigs, lures, hooks, swivels, landing nets, floats, fishing lines, scales, knives, and grips. The acquisition of Whisker Seeker Tackle will widen the consumer reach of PRADCO offering lucrative opportunities to the company in future.
Covid-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the consumer goods industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Due to the pandemic-induced economic recession, consumers became more cautious and selective in their purchasing decisions. Non-essential purchases were significantly reduced by consumers due to lower incomes and uncertain earning prospects, especially in developing regions. Due to travel bans and border restrictions, recreational activities reduced dramatically, which hampered the sales of various fishing gear and equipment.
Many manufacturers of fishing equipment faced decline in profits due to reduced consumer demand during the initial phase of pandemic. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxation in certain regulations including lockdowns and travel bans. People started travelling to different places and participated in various recreational activities including fishing, boosting the fishing equipment demand. All these factors had a positive impact in the growth of fishing equipment market across different regions.
Fishing Equipment Market Report Scope
Competitive Landscape and Key Companies:
Some of the prominent players operating in the global fishing equipment market include Eagle Claw Fishing Tackle Co.; Okuma Fishing Tackle Co. Ltd.; Shimano Inc.; TICA Fishing Tackle; AFTCO; Rapala VMC Corporation; Weihai Guangwei Group Co., Ltd.; Decathlon SA; Daiwa; Pure Fishing Inc.; among others. These players offer cutting-edge fishing equipment with innovative features to attract a large number of consumers.
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
The major players operating in the global fishing equipment market are Eagle Claw Fishing Tackle Co., Okuma Fishing Tackle Co. Ltd., SHIMANO INC., TICA FISHING TACKLE, AFTCO, RAPALA VMC CORPORATION, Weihai Guangwei Group Co., Ltd., Decathlon SA,Daiwa, Pure Fishing Inc. among many others.
Fishing equipment used for leisure, sporting and commercial activity is growing substantially popular worldwide due to the adoption of fishing as a sport by many outdoor sport enthusiasts. The global fishing equipment market is segmented into type and distribution channel. Based on type, the market is segmented into fishing rods, nets and traps, hooks, reels, fishing lines, sinkers, and others. Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty stores, online retail, and others.
Fittings on modern fishing reels typically aid in casting for distance and accuracy, as well as recovering lines. Fishing reels have long been used in leisure angling and competitive casting. The segment has shown consistent growth due to the growing recreational fishing industry and the increasing popularity of leisure sports worldwide.
Europe accounted for the largest share of the global fishing equipment 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. E-commerce is one of the primary tactics used by numerous businesses and organizations to raise awareness about their product offerings among target customers via e-commerce channels.
An increase in the global population, coupled with an increase in the number of mobile phones online retail, has expanded significantly for years. Benefits such as quick service, home delivery, various secure payment options, and enticing discounts have further fueled the expansion of online merchants globally. Customers choose to buy fishing equipment online since it saves them time and money. The manufacturers prefer selling fishing equipment as it eliminates the need for wholesalers and retailers, thereby giving them a larger share in profits.
The fishing equipment market is expected to witness significant growth and innovation in the coming years. Furthermore, increased backing of reputed organizations like the American Sportfishing Association and others are making the fishing activity more popular. In a bid to increase participation in recreational activities like fishing, many different associations are now emphasizing various awareness programs and promotional activities. Many developed economies in the West such as the US, and the UK are in the process of expanding their platforms of fishing, thereby upgrading the access to various water bodies in the respective countries.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Fishing Equipment Market, by Type
1.3.2 Fishing Equipment Market, by Distribution Channel
1.3.3 Fishing Equipment 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 Equipment Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 Central and South America
4.3 Expert Opinion
5. Fishing Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Participation in Recreational Fishing
5.1.2 Growth of fish-based tourism in developing countries
5.2 Market Restraints
5.2.1 Impact of fishing equipment on the environment
5.3 Market Opportunities
5.3.1 Growth of E-Commerce Channels
5.4 Future Trends
5.4.1 Technological/ Product Innovation
5.5 Impact Analysis
6. Fishing Equipment – Global Market Analysis
6.1 Fishing Equipment Market Overview
6.2 Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning – Fishing Equipment Market Players
7. Global Fishing Equipment Market Analysis – By Type
7.1 Overview
7.2 Fishing Equipment Market, By Category (2020 and 2028)
7.3 Fishing Rods
7.3.1 Overview
7.3.2 Fishing Rods: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.4 Nets and Traps
7.4.1 Overview
7.4.2 Nets and Traps: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.5 Hooks
7.5.1 Overview
7.5.2 Hooks: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.6 Reels
7.6.1 Overview
7.6.2 Reels: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.7 Fishing Line
7.7.1 Overview
7.7.2 Fishing Line: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.8 Sinkers
7.8.1 Overview
7.8.2 Sinkers: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
8. Fishing Equipment Market Analysis – By Distribution Channel
8.1 Overview
8.2 Fishing Equipment Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
9. Global Fishing Equipment Market – Geographic Analysis
9.1 Overview
9.2 North America: Fishing Equipment Market
9.2.1 North America: Fishing Equipment Market – Analysis and Forecast to 2028 (US$ Million)
9.2.2 North America: Fishing Equipment Market, by Type
9.2.3 North America: Fishing Equipment Market, by Distribution Channel
9.2.4 North America: Fishing Equipment Market, by Key Country
9.2.4.1 US: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Fishing Equipment Market, by Type
9.2.4.1.2 US: Fishing Equipment Market, by Distribution Channel
9.2.4.2 Canada: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Fishing Equipment Market, by Type
9.2.4.2.2 Canada: Fishing Equipment Market, by Distribution Channel
9.2.4.3 Mexico: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Fishing Equipment Market, by Type
9.2.4.3.2 Mexico: Fishing Equipment Market, by Distribution Channel
9.3 Europe: Fishing Equipment Market
9.3.1 Europe: Fishing Equipment Market – Analysis and Forecast to 2028 (US$ Million)
9.3.2 Europe: Fishing Equipment Market, by Type
9.3.3 Europe: Fishing Equipment Market, by Distribution Channel
9.3.4 Europe: Fishing Equipment Market, by Key Country
9.3.4.1 Germany: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Fishing Equipment Market, by Type
9.3.4.1.2 Germany: Fishing Equipment Market, by Distribution Channel
9.3.4.2 France: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Fishing Equipment Market, by Type
9.3.4.2.2 France: Fishing Equipment Market, by Distribution Channel
9.3.4.3 Italy: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Fishing Equipment Market, by Type
9.3.4.3.2 Italy: Fishing Equipment Market, by Distribution Channel
9.3.4.4 UK: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Fishing Equipment Market, by Type
9.3.4.4.2 UK: Fishing Equipment Market, by Distribution Channel
9.3.4.5 Russia: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Fishing Equipment Market, by Type
9.3.4.5.2 Russia: Fishing Equipment Market, by Distribution Channel
9.3.4.6 Rest of Europe: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Fishing Equipment Market, by Type
9.3.4.6.2 Rest of Europe: Fishing Equipment Market, by Distribution Channel
9.4 Asia Pacific: Fishing Equipment Market
9.4.1 Asia Pacific: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Fishing Equipment Market, by Key Country
9.4.3 Asia Pacific: Fishing Equipment Market, by Type
9.4.3.1 India: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.1.1 India: Fishing Equipment Market, by Type
9.4.3.2 Australia: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.2.1 Australia: Fishing Equipment Market, by Type
9.4.3.3 China: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.3.1 China: Fishing Equipment Market, by Type
9.4.3.4 Japan: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.4.1 Japan: Fishing Equipment Market, by Type
9.4.3.5 South Korea: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.5.1 South Korea: Fishing Equipment Market, by Type
9.4.3.6 Rest of Asia Pacific: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3.6.1 Rest of Asia Pacific: Fishing Equipment Market, by Type
9.5 Middle East & Africa: Fishing Equipment Market
9.5.1 Middle East & Africa: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East & Africa: Fishing Equipment Market, by Type
9.5.3 Middle East & Africa: Fishing Equipment Market, by Key Country
9.5.3.1 South Africa: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3.1.1 South Africa: Fishing Equipment Market, by Type
9.5.3.2 Saudi Arabia: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3.2.1 Saudi Arabia: Fishing Equipment Market, by Type
9.5.3.3 UAE: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3.3.1 UAE: Fishing Equipment Market, by Type
9.5.3.4 Rest of MEA: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3.4.1 Rest of Middle East & Africa: Fishing Equipment Market, by Type
9.6 South and Central America: Fishing Equipment Market
9.6.1 South and Central America: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: Fishing Equipment Market, By Type
9.6.3 South and Central America: Fishing Equipment Market, by Key Country
9.6.3.1 Brazil: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6.3.1.1 Brazil: Fishing Equipment Market, by Type
9.6.3.2 Argentina: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6.3.2.1 Argentina: Fishing Equipment Market, by Type
9.6.3.3 Rest of South and Central America: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6.3.3.1 Rest of South and Central America: Fishing Equipment Market, by Type
10. Impact of COVID-19 Pandemic on Global Fishing Equipment 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. Industry Landscape
11.1 Product launch
11.2 Merger & Acquisition
11.3 Expansion
12. Company Profiles
12.1 Eagle Claw Fishing Tackle Co.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Okuma Fishing Tackle Co. Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 SHIMANO INC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 TICA FISHING TACKLE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 AFTCO
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 RAPALA VMC CORPORATION
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Weihai Guangwei Group Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Decathlon SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Daiwa
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Pure Fishing Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. Global Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. France Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific Fishing Equipment Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 27. Asia Pacific Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Asia Pacific Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 29. India Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. India Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million
Table 31. Australia Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. Australia Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 33. China Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. China Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 35. Japan Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Japan Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 37. South Korea Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. South Korea Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 39. Rest of Asia Pacific Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. Rest of Asia Pacific Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 41. Middle East & Africa Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Middle East and Africa Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 43. South Africa Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 44. South Africa Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 45. Saudi Arabia Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. Saudi Arabia Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 47. UAE Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. UAE Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 49. Rest of Middle East & Africa Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of Middle East and Africa Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 51. South and Central America Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. South and Central America Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 53. South and Central America Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. South and Central America Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 55. Brazil Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 56. Brazil Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 57. Argentina Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. Argentina Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 59. Rest of South and Central America Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. Rest of South and Central America Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 61. Glossary of Terms, Global Fishing Equipment Market
LIST OF FIGURES
Figure 1. Fishing Equipment Market Segmentation
Figure 2. Fishing Equipment Market Segmentation – By Geography
Figure 3. Global Fishing Equipment Market Overview
Figure 4. Global Fishing Equipment Market, By Type
Figure 5. Global Fishing Equipment Market, by Geography
Figure 6. Global Fishing Equipment Market, Industry Landscape
Figure 7. Expert Opinion
Figure 8. Global Fishing Equipment Market Impact Analysis of Drivers and Restraints
Figure 9. Geographic Overview of Fishing Equipment Market
Figure 10. Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. Fishing Equipment Market Revenue Share, By Type (2020 and 2028)
Figure 12. Fishing Rods: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Nets and Traps: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Hooks: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Reels: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Fishing Line: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Sinkers: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Fishing Equipment Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 20. Supermarkets and Hypermarkets: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Specialty Stores: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Online Retail: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Global Fishing Equipment Market Revenue Share, by Region (2020 and 2028)
Figure 25. North America: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Fishing Equipment Market Revenue Share, by Type(2020 and 2028)
Figure 27. North America: Fishing Equipment Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 28. North America: Fishing Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. US: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Europe: Fishing Equipment Market Revenue Share, by Type(2020 and 2028)
Figure 34. Europe: Fishing Equipment Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 35. Europe: Fishing Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. Germany: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. France: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Italy: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. UK: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Russia: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Europe: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 42. Asia Pacific: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Asia Pacific: Fishing Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 44. India: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Australia: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. China: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Japan: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. South Korea: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Asia Pacific: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Middle East & Africa: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Middle East & Africa: Fishing Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 52. Middle East & Africa: Fishing Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 53. South Africa: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Saudi Arabia: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. UAE: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Rest of MEA: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. South and Central America: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. South and Central America: Fishing Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 59. South and Central America: Fishing Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 60. Brazil: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Argentina: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Rest of South and Central America: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Impact of COVID-19 Pandemic on Fishing Equipment Market in North America
Figure 64. Impact of COVID-19 Pandemic on Fishing Equipment Market in Europe
Figure 65. Impact of COVID-19 Pandemic on Fishing Equipment Market in Asia Pacific
Figure 66. Impact of COVID-19 Pandemic on Fishing Equipment in Middle East & Africa
Figure 67. Impact of COVID-19 Pandemic on Fishing Equipment in South and Central America
The List of Companies - Fishing Equipment Market
- Eagle Claw Fishing Tackle Co.
- Okuma Fishing Tackle Co. Ltd.
- Decathlon SA
- SHIMANO INC.
- TICA FISHING TACKLE
- AFTCO.
- RAPALA VMC CORPORATION
- Weihai Guangwei Group Co., Ltd
- Daiwa
- Pure Fishing Inc.
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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