Fishing Reels Trends and Forecast
The future of the global fishing reels market looks promising with opportunities in the modern trade, outdoor sport store, and online sale markets. The global fishing reels market is expected to grow with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing trend of leisure sports, expanding fishing industry, and substantial demand for high-quality fishing equipment.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Fishing Reels by Segment
The study includes a forecast for the global fishing reels by product type, material, end use, distribution channel, and region.
Fishing Reels Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Spinning
• Spincast
• Fly Reel
• Baitcasting
• Others
Fishing Reels Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Aluminum
• Graphite
• Stainless Steel
• Others
Fishing Reels Market by Fishing Type [Shipment Analysis by Value from 2018 to 2030]:
• Saltwater
• Freshwater
Fishing Reels Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Modern Trade
• Outdoor Sport Stores
• Online Sales
• Others
Fishing Reels Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Fishing Reels Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fishing reels companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fishing reels companies profiled in this report include-
• Tica Fishing Tackle
• Daiwa
• Okuma Inspired Fishing
• Pure Fishing
• The Orvis Company
• Kastking
• Piscifun
• Abu Garcia
• Tackle World
• Rhythm
Fishing Reels Market Insights
Lucintel forecasts that spinning is expected to witness highest growth over the forecast period due to its significant usage in lighter baits given to its benefit like simple and effortless operability.
Within this market, online sales is expected to witness highest growth over the forecast period over the forecast period.
North America will remain the largest reigon over the forecast period due to increasing governmental efforts to foster the expansion of the blue economy, rising popularity of ice fishing as a sport, and existence of a large expanse of land open to legal fishing in the region.
Features of the Global Fishing Reels Market
Market Size Estimates: Fishing reels market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Fishing reels market size by various segments, such as by product type, material, end use, distribution channel, and region in terms of value ($B).
Regional Analysis: Fishing reels market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, materials, end uses, distribution channel, and regions for the fishing reels market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fishing reels market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for fishing reels market?
Answer: The global fishing reels market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the fishing reels market?
Answer: The major drivers for this market are growing trend of leisure sports, expanding fishing industry, and substantial demand for high-quality fishing equipment.
Q3. What are the major segments for fishing reels market?
Answer: The future of the fishing reels market looks promising with opportunities in the modern trade, outdoor sport stores, and online sales markets.
Q4. Who are the key fishing reels market companies?
Answer: Some of the key fishing reels companies are as follows:
• Tica Fishing Tackle
• Daiwa
• Okuma Inspired Fishing
• Pure Fishing
• The Orvis Company
• Kastking
• Piscifun
• Abu Garcia
• Tackle World
• Rhythm
Q5. Which fishing reels market segment will be the largest in future?
Answer: Lucintel forecasts that spinning is expected to witness highest growth over the forecast period due to its significant usage in lighter baits given to its benefit like simple and effortless operability.
Q6. In fishing reels market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest reigon over the forecast period due to increasing governmental efforts to foster the expansion of the blue economy, rising popularity of ice fishing as a sport, and existence of a large expanse of land open to legal fishing in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the fishing reels market by product type (spinning, spincast, fly reel, baitcasting, and others), material (aluminum, graphite, stainless steel, and others), end use (saltwater and freshwater), distribution channel (modern trade, outdoor sport stores, online sales, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Fishing Reels Market, Fishing Reels Market Size, Fishing Reels Market Growth, Fishing Reels Market Analysis, Fishing Reels Market Report, Fishing Reels Market Share, Fishing Reels Market Trends, Fishing Reels Market Forecast, Fishing Reels Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.