Los Angeles, CA -- (SBWIRE) -- 07/15/2019 -- Sports fishing equipment is the equipment used when fishing. Almost any equipment or gear used for fishing can be called fishing equipment. Some examples are Rods, Reels & Poles, Lures, Flies & Baits, Fishing Lines and Hooks.
North America demand of sports fishing equipment accounted for the highest market share (36.7%) in 2016, followed by Europe. China is expected to maintain the highest growth rate for the next five years owing to the increment of resident income and the growth of downstream applications.
The global sports fishing equipment industry mainly concentrates in North America, Europe, Japan and China. The global are rather scattered, the global leading players in this market are Newell (Jarden Corporation), Globeride(Daiwa), Shimano, Rapala VMC Corporation and Weihai Guangwei Group, which accounts for about 26% of total production value in 2016.
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The sports fishing equipment are mainly used by freshwater fishing, saltwater fishing. The main application is freshwater fishing, which accounts for above 64% and it is forecasted that share will be maintain in 2022.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the demand value of sports fishing equipment is forecasted to keep slow increasing.
The global Sports Fishing Equipment market is valued at 12600 million US$ in 2018 is expected to reach 16100 million US$ by the end of 2025, growing at a CAGR of 3.1% during 2019-2025.
This report includes the following manufacturers; we can also add the other companies as you want.
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
Barfilon Fishing
Segment by Type
Rods, Reels and Components
Line, Leaders
Lures, Files, Baits
Terminal Tackle
Electronics
Segment by Application
Freshwater Fishing
Saltwater Fishing
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