Fishing Reels Market By Product Type (Spinning, Spincast, Fly Reel, Baitcasting, Others), By Material (Aluminum, Graphite, Stainless Steel, Others), By Fishing Type (Saltwater, Freshwater), By Distribution Channel (Modern Trade, Outdoor Sport Stores, Online Sales, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global fishing reels market size was valued at $5,024.1 million in 2021, and is estimated to reach $7,627.2 million by 2031, registering a CAGR of 4.3% from 2022 to 2031. Rise in adoption of various online portals in developing regions and increase in number of offers or discounts related to fishing reels attracts consumers to purchase fishing reels through online channels. Moreover, online sales channel has increased consumer reach, owing to which it has evolved as a key source of revenue for many companies. Furthermore, the online sales market is expected to expand in the future, owing to rapid growth in online and mobile user customer base in emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and facilities to enter new international markets for major brands further boosts growth of the fishing reels market.
Sports fishing is gaining ground has become prevalent in several regions around the world. Sports fishing term refers to fishing or shellfish collection, which is done primarily for pleasure. Moreover, sports fishing can take place in both salty and fresh water bodies. Furthermore, nations such as the UK and the U.S. are making efforts to raise fishing platform, owing to which there is an improved access to water bodies to fish in and make it a popular sport. Various fishing associations such as the American Sports fishing Association are inspiring people to raise their participation in fishing by organizing several fishing programs and events. In addition, most common type of fishing equipment used in sports are rod, line, reel, hooks, and wide range of baits or lures such as artificial flies. Moreover, owing to growth in popularity of fishing as sports and as a recreational activity various government across the globe are focusing on fishing development, which also boost growth of the fishing reels market.
According to the global fishing reels market analysis, the market is segregated based on product type, material, fishing type, distribution channel, and region. Based on the product type, the market is divided into spinning, spincast, fly reel, baitcasting, and others. Further, on the basis of material, the fishing reels market is segmented into aluminum, graphite, stainless steel, and others. Based on the fishing type, the market is segregated into saltwater fishing and freshwater fishing. Depending on the distribution channel, it is divide into modern trade, outdoor sport stores, online sales, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global fishing reels market includes ABU Garcia, BCF Australia, Daiwa Corporation, Jarvis Walker Pty, Inc., Kastking, Lew's Fishing, Maver UK Ltd., Okuma Fishing Tackle Co., Ltd., Piscifun, Pure Fishing, Inc. (Penn), Shimano, Inc., The Orvis Company, Inc., Tica Fishing Tackle, Zebco, and 13 Fishing.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fishing reels market analysis from 2021 to 2031 to identify the prevailing fishing reels market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the fishing reels market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global fishing reels market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
Spinning
Spincast
Fly Reel
Baitcasting
Others
By Material
Aluminum
Graphite
Stainless Steel
Others
By Fishing Type
Saltwater
Freshwater
By Distribution Channel
Modern Trade
Outdoor Sport Stores
Online Sales
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Poland
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
Brazil
UAE
South Africa
Turkey
Paraguay
Rest of LAMEA
Key Market Players
BPS Direct, LLC.
zebco
Daiwa Corporation
Abu Garcia
Tica Fishing Tackle
The Orvis Company, Inc.
Pure Fishing, Inc.
kastking
Piscifun
Rhythm inc
Rather outdoors,corporation
BCF Australia
Tackle World
Shimano, Inc.
okuma inspired fishing
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