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.
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The market research analysis categorizes the global sports fishing equipment market into the following geographical regions:
- APAC
- EMEA
- Americas
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.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Sports Fishing Equipment Market Overview
Market Insights
- 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 Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (EAGLE CLAW, Newell Brands, OKUMA FISHING TACKLE, SHIMANO, TICA FISHING TACKLE, AFTCO)
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