Sports fishing, also known as recreational fishing, is fishing for pleasure or competition. It is mainly done with arod, reel, line, hooks, and a range of baits or lures. The practice of catching fish with a hook is called angling. Hence, people who participate in sports fishing are also known as anglers.
MIR analysts forecast the global sports fishing equipment market to grow at a CAGR of 3.71% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global sports fishing equipment market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of sports fishing equipment.
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Global Sports Fishing Equipment Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Sports Fishing Equipment Market Key Vendors Are: EAGLE CLAW, Newell Brands, OKUMA FISHING TACKLE, SHIMANO, TICA FISHING TACKLE, AFTCO
Sports Fishing Equipment Market Driver:
- The rising popularity of fishing
- For a full, detailed list, view our report
Sports Fishing Equipment Market Trends:
- The advent of FADS
- For a full, detailed list, view our report
Browse Full Report and Related Details at: https://www.marketinsightsreports.com/reports/0119165642/global-sports-fishing-equipment-market-2018-2022
The Sports Fishing Equipment Market is divided into the following segments based on Geography:
This independent 117-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Sports Fishing Equipment Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is the advent of FADS. The introduction of fish aggregating devices (FADS) is drawing the attention of several sports fishermen, particularly in the Caribbean islands. Fishermen bait primary species such as mahi-mahi, billfish, and small to medium-sized tuna using FADS. Fishermen in the Dominican Republic are increasingly adopting FADS to trap billfish. Various fishermen also adopt these devices in areas such as eastern Atlantic side of Antigua, St. Lucia, and the west coast fishing villages.”
According to the report, one of the major drivers for this market is the rising popularity of fishing. People of all age group are increasingly participating in fishing because it is considered as a popular recreational activity Fishing activity not only forges a deep connection with nature but also fosters bonding with family and friends and encourages wellness. The number of new fishing participants comprising of female and youth is higher in comparison to the general fishing population. In addition, freshwater fishing is considered as the most popular form of fishing as participants extensively prefer fishing in fresh water over salt water. Consequently, the demand for sports fishing equipment will also increase
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Highlights of The Sports Fishing Equipment Market Report:
- The key details related to Sports Fishing Equipment Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
- Competitive study of the major Sports Fishing Equipment Market players will help all the market players in analyzing the latest trends and business strategies.
- The study of emerging Sports Fishing Equipment Market segments and the existing market segments will help the readers in planning the business strategies.
- Figure Global Production Market Share of Sports Fishing Equipment Market by Types and by Applications in 2017.
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