Fishing Equipment Market Size to Grow by USD 5.05 Bn, Global Leisure Products Market Considered as Parent Market – Technavio – QNT Press Release


NEW YORK, Oct. 24, 2022 /PRNewswire/ — The global fishing equipment market has been categorized as a part of the global leisure products market. The parent market, the global leisure products market, includes a variety of categories, including musical instruments, sports equipment, recreational vehicles, camping equipment, toys, bicycles, and other consumer-oriented games. The growth of the global leisure products market will be driven by factors such as growing memberships in health and fitness clubs, an increase in awareness about the benefits of a healthy lifestyle, the rising number of dual-income households, and strong growth in online sales. Some of the key issues faced by the global The leisure products market includes the threat from counterfeit products, stringent regulatory compliances for toy manufacturers, and increased trade barriers.

The fishing equipment market size is expected to grow by USD 5.05 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 4.28% during the forecast period, according to Technavio. The increasing recreational fishing is one of the key factors driving the fishing equipment market’s growth. However, the preference for pre-used and rental fishing equipment is challenging the market’s growth.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request Latest FREE PDF Sample Report

Fishing Equipment Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fishing equipment market report covers the following areas:

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Fishing Equipment Market 2022-2026: Vendor Analysis

AFTCO Mfg. Co. Inc., Decathlon SA, Eagle Claw Fishing Tackle Co., Gamakatsu USA Inc., GLOBERIDE Inc., Jarvis Walker Group, Johnson Outdoors Inc., Maver UK Ltd., OKUMA FISHING TACKLE Co. Ltd., PFG Group Pty Ltd., PRADCO Outdoor Brands Inc., Pure Fishing Inc., Rapala VMC Corp. , Rome Specialty Co Inc., SENSAS sa, SHIMANO INC, The Orvis Co. Inc., The Saltwater Edge, TICA FISHING TACKLE, and Weihai Guangwei Group Co. Ltd. are among some of the major market participants.

This report provides a full list of key vendors, their strategies, and latest developments. Request a FREE PDF Sample Now

Fishing Equipment Market 2022-2026: Segmentation
  • Product
    • Fishing Rod
    • Fishing Reel
    • Fishing Lure
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • Middle East And Africa

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions in this report. Buy Now for detailed information about the segments

Fishing Equipment Market 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist fishing equipment market growth during the next five years
  • Estimation of the fishing equipment market size and its contribution to the parent market
  • Forecasts on upcoming trends and changes in consumer behavior
  • The growth of the fishing equipment market
  • Analysis of the competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fishing equipment market vendors

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Sports Fishing Equipment Market by Product and Geography – Forecast and Analysis 2022-2026: This report extensively covers segmentation by product (fishing rod, fishing reel, fishing lure, and others) and geography (North America, EuropeAPAC, South Americaand MEA). 40% of the market’s growth will originate from North America during the forecast period. The market share growth in the segments fishing rods segment.

Fishing Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.28%

Market growth 2022-2026

USD 5.05 billion

Market structure

Fragmented

YoY growth (%)

2.33

Full story available on Benzinga.com



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