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    Fishing Reels Market | Covid-19 Impact Analysis

    Fishing Reels Market | Covid-19 Impact Analysis

    Fishing Reels Market | Covid-19 Impact Analysis
    Report code - SRCG176 Delivery - 2 Weeks
    Fishing Reels Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-20 See more...
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    Impact of COVID-19 on Fishing Reels Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Fishing Reels Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy 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 Insights

    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.

    Fishing Reels Market - Snapshot

    Growth

    4.2% for the next five years

    Major Type

    Kitchen Cabinets

    Region with the highest demand

    Asia-Pacific

    Key Players

    Abu, Creed GT, Daiwa, LL Bean, Okuma, Orvis, Penn Spinfisher, Pflueger, Shimano, and Stradic.

     

    Market Share Analysis

    Fishing-Reels-Market-Dominant-Segments

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    Fishing Reels Market Share: By Type

    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.

    Fishing Reels Market Share: By Distribution Channel Type

    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.

    Fishing Reels Market Share: By Region

    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.

    Fishing-Reels-Market-By-Region

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    Some of the key players in the fishing reels market are-

    • Abu
    • Creed GT
    • Daiwa
    • LL Bean
    • Okuma
    • Orvis
    • Penn Spinfisher
    • Pflueger
    • Shimano
    • Stradic

     

    Market Scope & Segmentation

    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.

    Fishing Reels Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The fishing reels market is segmented into the following categories.

    Fishing Reels Market Size, Share, & Forecast, by Type:

    • Spinning Reel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Baitcasting Reel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Spincast Reel Cabinet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Fishing Reels Market Size, Share, & Forecast, by Distribution Channel Type:

    • Online (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Offline (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Fishing Reels Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Fishing-Reels-Market-Segmentation

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    Research Methodology

    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.

     

    Report Features

    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:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by distribution channel type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    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]


    Frequently Asked Questions (FAQs)

    What will be the growth of Fishing Reels Market in the foreseeable future?

    The fishing reels market is expected to witness an impressive growth of 4.2% CAGR in the foreseeable future.

    Who are the key players in the Fishing Reels Market?

    Abu, Creed GT, Daiwa, LL Bean, Okuma, Orvis, Penn Spinfisher, Pflueger, Shimano, and Stradic are among the key players in the fishing reels market.

    Which country/region is expected to be the largest Fishing Reels Market?

    North America is expected to be the largest fishing reels market during the next five years.

    Which type of distribution channel is expected to remain dominant in the Fishing Reels Market?

    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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