Market Overview:
The global sport fishing reels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing popularity of fishing as a recreational activity, and the rising demand for high-quality fishing gear. In terms of type, spinning fishing reels are expected to lead the market during the forecast period, followed by bait casting fishing reels and fly fishing reels. In terms of application, individual fishermen are expected to account for majority of the demand for sport fishing reels during the forecast period. However, commercial fishermen are also anticipated to contribute significantly towards market growth owing to increasing demand from restaurants and other commercial establishments that serve fresh seafood dishes.
Product Definition:
A Sport Fishing Reel is a device used to wind fishing line onto, in order to cast a baited hook or lure into the water. They are important pieces of equipment for sport fishermen as they help anglers cast farther and more accurately.
Spinning Fishing Reels:
Spinning fishing reels are used in various types of sport fishing including saltwater, surfcasting, inshore and offshore. These products are gaining popularity among anglers as they provide better casting ability than the standard cast-away type. The spinning gear is preferred by professional anglers owing to its features such as high strength and less weight which helps them cast further with ease.
Bait Casting Fishing Reels:
Bait casting fishing reels are used in the sport of fish hunting to cast baits such as spinner baits, crankbaits, and jigs. These reels are available in two forms namely fixed gear and portable/handheld variants. The portable/handheld variant is usually preferred by anglers while engaging in freshwater fish hunting activities across various regions globally owing to its ease of use and lightweight design.
Application Insights:
The commercial application segment held the largest share of more than 70.0% in 2017. The rising number of sportsfishing trips organized by individuals for catching catfish, carp and other species is expected to drive the demand for sport fishing reels in this segment over the forecast period. In addition, increasing spending on angling vacations by individuals at resorts across various countries worldwide is further anticipated to propel industry growth over the coming years.
The individual application segment accounted for a significant market share in 2017 owing to growing awareness about fish conservation among consumers globally and increasing participation rates at national level competitions organized annually by governments or organizations with support from local bodies across various countries worldwide including Brazil, China, India and others are expected to boost product demand in this segment significantly over next few years as these competitions have been made popular through social media platforms such as YouTube.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of over 4% from 2018 to 2030. Increasing demand for bait casting and spinning reels in this region is attributed to rising popularity of recreational fishing as a sport. According to the North American Sportfishing Association (NASAFI), more than 60 million people across the U.S., Canada, and Mexico enjoy participating in recreational fishing activities annually.
Asia Pacific is anticipated to be one of the fastest-growing regions during forecast period owing to growing interest among anglers towards marine sports especially off shore fishng which involves use of specialized equipment such as reels etc for catching big fishes at sea thus creating scope for industry expansion on account of rising disposable income coupled with rapid urbanization.
Growth Factors:
- Increasing popularity of fishing as a recreational activity
- Rising disposable income of consumers in emerging markets
- Proliferation of affordable and advanced fishing gear products
- Growing interest in eco-friendly and sustainable fishing practices
- Expansion of global tourism industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Sport Fishing Reels Market Research Report
By Type
Spinning Fishing Reels, Bait Casting Fishing Reels, Fly Fishing Reels, Trolling Fishing Reels, Others
By Application
Individual, Commercial, Other Applications
By Companies
Globeride(Daiwa), Shimano, Newell, Rapala VMC Corporation, Weihai Guangwei Group, Dongmi Fishing, RYOBI, Pokee Fishing, Cabela's Inc., Eagle Claw, Humminbird, St. Croix Rods, Gamakatsu, Tica Fishing, DUEL(YO-ZURI), Tiemco, Preston Innovations, Beilun Haibo, AFTCO Mfg., O. Mustad & Son, Okuma Fishing
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Sport Fishing Reels Market Report Segments:
The global Sport Fishing Reels market is segmented on the basis of:
Types
Spinning Fishing Reels, Bait Casting Fishing Reels, Fly Fishing Reels, Trolling Fishing Reels, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Commercial, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Globeride(Daiwa)
- Shimano
- Newell
- Rapala VMC Corporation
- Weihai Guangwei Group
- Dongmi Fishing
- RYOBI
- Pokee Fishing
- Cabela's Inc.
- Eagle Claw
- Humminbird
- St. Croix Rods
- Gamakatsu
- Tica Fishing
- DUEL(YO-ZURI)
- Tiemco
- Preston Innovations
- Beilun Haibo
- AFTCO Mfg.
- O. Mustad & Son
- Okuma Fishing
Highlights of The Sport Fishing Reels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spinning Fishing Reels
- Bait Casting Fishing Reels
- Fly Fishing Reels
- Trolling Fishing Reels
- Others
- By Application:
- Individual
- Commercial
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sport Fishing Reels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sport fishing reels are used to reel in fish. They come in a variety of sizes and styles, depending on what type of sport fishing you plan to do.
Some of the major players in the sport fishing reels market are Globeride(Daiwa), Shimano, Newell, Rapala VMC Corporation, Weihai Guangwei Group, Dongmi Fishing, RYOBI, Pokee Fishing, Cabela's Inc., Eagle Claw, Humminbird, St. Croix Rods, Gamakatsu, Tica Fishing, DUEL(YO-ZURI), Tiemco, Preston Innovations, Beilun Haibo, AFTCO Mfg., O. Mustad & Son, Okuma Fishing.
The sport fishing reels market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sport Fishing Reels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sport Fishing Reels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sport Fishing Reels Market - Supply Chain
4.5. Global Sport Fishing Reels Market Forecast
4.5.1. Sport Fishing Reels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sport Fishing Reels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sport Fishing Reels Market Absolute $ Opportunity
5. Global Sport Fishing Reels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sport Fishing Reels Market Size and Volume Forecast by Type
5.3.1. Spinning Fishing Reels
5.3.2. Bait Casting Fishing Reels
5.3.3. Fly Fishing Reels
5.3.4. Trolling Fishing Reels
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sport Fishing Reels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sport Fishing Reels Market Size and Volume Forecast by Application
6.3.1. Individual
6.3.2. Commercial
6.3.3. Other Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sport Fishing Reels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sport Fishing Reels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sport Fishing Reels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sport Fishing Reels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sport Fishing Reels Demand Share Forecast, 2019-2026
9. North America Sport Fishing Reels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sport Fishing Reels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sport Fishing Reels Market Size and Volume Forecast by Application
9.4.1. Individual
9.4.2. Commercial
9.4.3. Other Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sport Fishing Reels Market Size and Volume Forecast by Type
9.7.1. Spinning Fishing Reels
9.7.2. Bait Casting Fishing Reels
9.7.3. Fly Fishing Reels
9.7.4. Trolling Fishing Reels
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sport Fishing Reels Demand Share Forecast, 2019-2026
10. Latin America Sport Fishing Reels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sport Fishing Reels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sport Fishing Reels Market Size and Volume Forecast by Application
10.4.1. Individual
10.4.2. Commercial
10.4.3. Other Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sport Fishing Reels Market Size and Volume Forecast by Type
10.7.1. Spinning Fishing Reels
10.7.2. Bait Casting Fishing Reels
10.7.3. Fly Fishing Reels
10.7.4. Trolling Fishing Reels
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sport Fishing Reels Demand Share Forecast, 2019-2026
11. Europe Sport Fishing Reels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sport Fishing Reels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sport Fishing Reels Market Size and Volume Forecast by Application
11.4.1. Individual
11.4.2. Commercial
11.4.3. Other Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sport Fishing Reels Market Size and Volume Forecast by Type
11.7.1. Spinning Fishing Reels
11.7.2. Bait Casting Fishing Reels
11.7.3. Fly Fishing Reels
11.7.4. Trolling Fishing Reels
11.7.5. Others
11.8. BasisPoint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sport Fishing Reels Demand Share, 2019-2026
12. Asia Pacific Sport Fishing Reels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sport Fishing Reels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sport Fishing Reels Market Size and Volume Forecast by Application
12.4.1. Individual
12.4.2. Commercial
12.4.3. Other Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sport Fishing Reels Market Size and Volume Forecast by Type
12.7.1. Spinning Fishing Reels
12.7.2. Bait Casting Fishing Reels
12.7.3. Fly Fishing Reels
12.7.4. Trolling Fishing Reels
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sport Fishing Reels Demand Share, 2019-2026
13. Middle East & Africa Sport Fishing Reels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sport Fishing Reels Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sport Fishing Reels Market Size and Volume Forecast by Application
13.4.1. Individual
13.4.2. Commercial
13.4.3. Other Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sport Fishing Reels Market Size and Volume Forecast by Type
13.7.1. Spinning Fishing Reels
13.7.2. Bait Casting Fishing Reels
13.7.3. Fly Fishing Reels
13.7.4. Trolling Fishing Reels
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sport Fishing Reels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sport Fishing Reels Market: Market Share Analysis
14.2. Sport Fishing Reels Distributors and Customers
14.3. Sport Fishing Reels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Globeride(Daiwa)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shimano
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Newell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rapala VMC Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Weihai Guangwei Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dongmi Fishing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. RYOBI
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pokee Fishing
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cabela's Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Eagle Claw
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Humminbird
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. St. Croix Rods
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Gamakatsu
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tica Fishing
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. DUEL(YO-ZURI)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tiemco
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Preston Innovations
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Beilun Haibo
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. AFTCO Mfg.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. O. Mustad & Son
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
