Sports fishing is gaining ground and becoming popular in various regions around the world. Several fishing associations like the American Sportfishing Association are encouraging people to increase their participation in fishing by conducting various fishing programs and events. Owing to the rising popularity of fishing as a sports and as a recreational activity, a number of governments across the globe are focusing on fishing development. The key nations like the United States and United Kingdom are making efforts to increase their fishing platforms, due to which there is an improved access to water bodies to fish in and make it a popular sport. In addition, as governments around the world are focusing on issues such as habitat degradation, restoring the biodiversity of marine ecosystems and improve the aquatic systems that support recreational fishing. Due to all the above mentioned factors, the global market for sports fishing equipment is expanding at a steady pace.
Request for a free Sample of this Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=236
Sports fishing equipment like rods, reels, hooks, baits, lures, lines, sinkers etc. are used to aid in the process of fishing. Such kind of equipment is used for recreational fishing and it may be different from the equipment used for commercial fishing.
The Fact.MR report on the global sports fishing equipment market forecasts that the global sports fishing equipment market will touch a value of nearly US$ 2,840 Mn in the year 2022 and grow at a moderate CAGR during the assessment period.
North America Set to Dominate Global Sports Fishing Equipment Market
The market in North America is set to dominate the global sports fishing equipment market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America sports fishing equipment market is the most attractive market, growing at a moderate CAGR over the assessment period.
Browse Full Report with in-depth TOC @ https://www.factmr.com/report/236/sports-fishing-equipment-market
Fishing Rods Segment Poised to Touch a Value of Nearly US$ 900 Mn in 2022
As per the forecast of Fact.MR, the fishing rods segment is expected to reach a value of nearly US$ 900 Mn in the year 2022. This represents a moderate CAGR during the forecast period of 2017-2022. Fishing rods segment is expected to account for nearly one-third of the revenue share of the product type segment by the year 2017 and is expected to gain market share by the end of the year 2022.
Individual Consumers Segment to exhibit a CAGR of 3.9% During the Assessment Period
As per the forecast of Fact.MR, the individual consumers segment is slated to touch a figure of nearly US$ 905 Mn in the year 2022. This represents a CAGR of 3.9% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The individual consumers segment is expected to account for nearly one-third of the revenue share of the end user segment by the year 2017.
The report also profiles companies that are expected to remain active in the expansion of global sports fishing equipment market through 2022, which include EagleClaw Midstream Services, LLC, Newell Brands Inc., Okuma Fishing Tackle Corporation, Shimano Inc., Aftco Mfg. Co., Inc., Globeride, Inc., O. Mustad & Son A.S., Rapala VMC Corporation and Gamakatsu.
Any query? Easily connect with our experts @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=236
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Sports Fishing Equipment Market: Geographical Expansion & Development Status Recorded during 2017-20
Contact Name: Pankaj
Contact Email: firstname.lastname@example.org
Contact Email: email@example.com