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Fishing Reels Market Report
The Fishing Reels Market is Segmented by Type (Spinning Reel, Baitcasting Reel, Spincast Reel, and Others), by Distribution Channel Type (Online, Offline), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Fishing Reels Market is likely to witness a CAGR of 4.2% during the forecast period. The increase in attractiveness of different recreational for their benefits activities, and the impact of COVID-19 pandemic are the major factors driving the growth of the fishing reel market during the forecast period.
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Fishing Reels Market - Snapshot |
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Growth |
4.2% for the next five years |
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Major Type |
Kitchen Cabinets |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Abu, Creed GT, Daiwa, LL Bean, Okuma, Orvis, Penn Spinfisher, Pflueger, Shimano, and Stradic. |
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Based on the type, the market is segmented as spinning reel, baitcasting reel, spincast reel, and others. Spinning reel segment is estimated to be the leading type of the market and are preferred for their offered advantages such as simple and effortless operability. These are also known as spinners, which are specifically helpful when lighter baits are used, such as live baits or soft plastics, and are also very popular among anglers who are new to fishing, eventually fueling the market growth during the forecast period. Furthermore, the baitcasting reels are considered by professional anglers owing to their allowance for longer casts as compared to that of a spinning gear.
Based on the distribution channel type, the market is segmented as online and offline. The offline segment held over 87% share of the global revenue in the year 2019 and is estimated to be the dominating distribution channel type in the market during the forecast period. Some of the popular offline channels for fishing reels include specialty stores, departmental stores, discount stores, and individual sports outlets which are highly preferred by the consumers across the world as these retails outlets help them to estimate the product’s design and quality. Furthermore, growing requirements for purchase assistant across the globe is expected to boost the product demand in the market during the forecast period.On the other hand, online segment is estimated to be the faster growing segment in the market during the forecast period owing to various development in recent years.
In terms of regions, North America is estimated to be the largest region in the market with U.S and Canada being the major countries with lucrative growth opportunities owing to the growing popularity of ice fishing as a sport in the regional market during the forecast period. One of the major factors fueling the growth of the regional market is the availability of a large expanse of land open to legal fishing. Moreover, Asia-Pacific is estimated to be the fastest-growing region in the market owing to its offered location hosts for game fishing accelerating the market growth in the upcoming years. Europe is also expected to offer substantial growth opportunities during the forecast period.
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Some of the key players in the fishing reels market are-
Fishing reel is basically a cylindrical device attached to a fishing rod which is used in winding and stowing line. In the modern fishing reels fittings are usually done in a manner to be helpful in casting for distance, accuracy, and retrieving line as well. These reels are also used traditionally in the recreational sport of angling and competitive casting accelerating the market growth.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Fishing Reels Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The fishing reels market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The fishing reels market is expected to witness an impressive growth of 4.2% CAGR in the foreseeable future.
Abu, Creed GT, Daiwa, LL Bean, Okuma, Orvis, Penn Spinfisher, Pflueger, Shimano, and Stradic are among the key players in the fishing reels market.
North America is expected to be the largest fishing reels market during the next five years.
The offline segment is expected to be the dominating distribution channel type in the fishing reels market in the coming years.
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