Market Study Report has added a new report on Fishing Hunting Equipment market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Fishing Hunting Equipment market in tandem with its competitive terrain.

Global Fishing Hunting Equipment Market size to reach USD 20.85 billion by 2027 and is valued approximately USD 15.53 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2021-2027.

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Fishing Hunting Equipment is the range of tools used for poaching aquatic beings. Different fishing gears are used to capture different species. The growth and development in commercial fisheries sector, increasing interest of people in different recreational activities and growing popularity of fishing as a sport are driving the demand for the products. The fishing technology is continuously developing, thus employing larger and more improved ships and sophisticated fishing equipment supporting the fishing reels market at commercial level.

According to the report given by Food And Agriculture Organization of the United Nations, in 2018, the global production for fisheries increased by 5.4% from the average of previous three years to reach the highest level at 96.4 million tonnes. This increase was facilitated by marine fish captures. According to Proceedings of the National Academy of Science of the United States (PNAS), approximately 220 million people enjoy recreational fishing worldwide and with the improving prosperity these numbers are rising every year. However, in order to save the marine life, governments across the world have been implementing rules and licensing restrictions, also the preference of pre used and rental fishing equipment for recreational fishing impedes the growth of the market over the forecast period of 2021-2027. Also, associations encouraging and promoting fishing as a sport as well as increase in the number of people adopting non vegetarian diet are likely to increase the market growth during the forecast period.

Major Fishing Hunting Equipment market player included in this report are:

• Orvis
• Newell Brands
• Van Staal
• Pure Fishing, Inc.
• Maver UK Ltd.
• Globeride, Inc.
• Eagle Claw
• Sensas
• Costa Del Mar, Inc.
• PRADCO Outdoor Brands, Inc.

The geographical study of the global Fishing Hunting Equipment Market Size includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is dominating the world in terms of market share because of the large number of people interested in recreational fishing and the increase number of anglers in the region. Whereas, Europe is also expected to show high growth during the upcoming period 2021-2027. Factors such as increasing angling tourism and presence of large number of rivers, lakes and long coastlines will aide in market growth for the Fishing Hunting Equipment Market across Asia-Pacific region.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:

• Fishing Rods
• Fishing Reels
• Bait Lures
• Others

By Distribution Channel:

• Online
• Offline

Global Fishing Hunting Equipment Market: regional analysis

Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Fishing Hunting Equipment market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.

Furthermore, years considered for the study are as follows:

• Historical year – 2018, 2019
• Base year – 2020
• Forecast period – 2021 to 2027

Frequently Asked Questions

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