According to the latest report of the IMARC group, entitled “Sport fishing equipment market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 â, the global sport fishing equipment to continue its moderate growth over the next five years.
Sport fishing equipment refers to devices used for recreational fishing activities and competitions. They mainly include fishing rods, hooks, lines, baits, lures, sinkers, etc. Fishing lines are attached to attract, hold and capture fish with natural or artificial bait. These lines are tied to casting, spinning and fly fishing reels, which help hunt large fish and shellfish. Various portable equipment, such as spears and harpoons, can also be thrown with a push to injure and catch fish.
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The expansion of the fishing industry, coupled with increasing participation in water sports activities, is mainly driving the sport fishing equipment market. Moreover, the increasing number of fishing associations and recreational fishing clubs is also driving the growth of the market. In addition, the increasing investments in the development of high quality fishing equipment and the aggressive promotional activities by manufacturers are also contributing to the growth of the sport fishing equipment market. In addition to this, several key players are launching innovative product variants connected to sensors, thus propelling the growth of the market. In addition, the growing consumer preferences for outdoor recreational activities are also expected to boost the sport fishing equipment market.
Analysis and segmentation of sport fishing equipment 2020-2025:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
- AFTCO Mfg. Co. Inc.
- Globeride Inc.
- Newell brands
- Mustad and son
- Okuma Fishing Tackle Corp.
- Rapala VMC Corporation (Sofina)
- Shimano Inc.
The report has segmented the market on the basis of product type, application, end user, distribution channel, and region.
Breakdown by product type:
- Fishing rods
- Fishing reels
- Fishing hooks
- Fishing lures
- Fishing lines
- Fishing platforms
- Fishing jig heads
Breakdown by application:
- Freshwater fishing
- Saltwater fishing
Outage by end user:
- Individual consumer
- Sports organizers
Breakdown by distribution channel:
- Specialty and sports shops
- Department stores and discount stores
- Online stores
Breakdown by region:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
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