June 22, 2022
As per the research report titled ‘Global Fishing Reel Market 2022-2028’, available with MarketStudyReport, global fishing reel market is anticipated to expand with a CAGR of 4.1% over the next six years, reaching the valuation of USD 5454 million by 2028.
Increasing cognizance about different fishing reels, rising demand for anglers in emerging economies, and surge in popularity of extracurricular activities among individuals are the factors propelling the expansion of global fishing reel market.
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Furthermore, effective design upgrades leading to easy handling of fishing reels, and adoption of various marketing strategies by key players through e-commerce and other online platforms are all contributing to market progress.
The study includes in-depth insights into the contemporary market environment. It also contains a comprehensive overview of the constraints and challenges existing in the market, along with plausible solutions to assist investors in generating higher profits.
Additionally, the impact of the COVID-19 pandemic on general industrial growth and the economy is also analysed, which will enable the readers in deeper understanding of the industry workings.
Based on the product type, global fishing reel industry is segmented into spin cast reels, baitcasting reels, spinning reels, and others. Classifying the market with respect to distribution channels into online retailers, specialty stores, supermarkets/hypermarkets, and others.
Speaking of regional landscape, North America, Asia Pacific, and Europe among others are strategically dissected to understand the latest trends and identify potential opportunities in different geographies.
The article also presents a study of competitive framework and investigates the background of prominent stakeholders contributing to the revenue inflow in global fishing reel market. The reputable companies profiled in this report include Tica Fishing Tackle, Shimano Inc., Rhythm Inc., Pure Fishing Inc., NingBo HaiBao Fishing Tackle Co. Ltd., Hooker Electric Inc., Accurate Fishing, The Orvis Company Inc., SEiGLER Fishing Reels, Rather Outdoors Corporation, Okuma Fishing Tackle Co. Ltd., JiuYu Fishing Tackle Co. Ltd., and Globeride Inc. (Daiwa Seiko Corporation).