LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global sports fishing equipment market is expected to accelerate at a CAGR of almost 4% during the forecast period. The increasing popularity of fishing is one of the key factors triggering the growth of the market.
This research report titled ‘Global Sports Fishing Equipment Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
The market research analysis categorizes the global sports fishing equipment market into the following geographical regions:
In 2017, the Americas accounted for 44.18% of the global market and is projected to reach 44.53% by 2022, exhibiting almost 0.35% increase in market share. The revenue and the growth of the market in the Americas are primarily driven by the US.
Global sports fishing equipment market: Top emerging trend
Rising popularity of spearfishing is an emerging trend in the fishing equipment space. Sports fishing involves the harvesting of select marine species for recreational purposes. The participation in the activity depends on person to person selection and the fish that is caught is not allowed to be sold in the market. A fisherman uses a line with a baited hook on an end to attract a fish. The line is then connected to a reel, providing mechanical advantage to the fisherman.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Sports Fishing Equipment Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by product (fishing rod, fishing reel, fishing lure, and other sports fishing equipment)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (EAGLE CLAW, Newell Brands, OKUMA FISHING TACKLE, SHIMANO, TICA FISHING TACKLE, AFTCO)
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.