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Oct 15, 2019 6:00 PM ET

Global Fishing Equipment Revenue Was $ 12.72 Billion In 2018 And Is Expected To Reach $ 15.63 Billion In 2024

iCrowd Newswire - Oct 15, 2019

Global Info Research offers a latest published report on Fishing Equipments Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

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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.


The global Fishing Equipment revenue was $ 12.72 billion in 2018 and is expected to reach $ 15.63 billion in 2024, growing at a CAGR of 3.5% from 2018 to 2024. North America`s revenue accounted for the largest market share (34.68%) in 2018, followed by Asia-Pacific. In Asia-Pacific, Chinese, South Korean, and Southeast Asian markets witnessed robust sales thanks to growing popularity of sports fishing, the Asia-Pacific region is expected to maintain the highest growth rate for the next six years.


The global Fishing Equipment industry mainly concentrates in North America, Europe, Asia-Pacific. The market 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 28 % of total Revenue.


The Fishing Equipment are mainly used by freshwater fishing, saltwater fishing. The main application is freshwater fishing, which accounts for above 63% and it is forecasted that the dominant position will be continue in 2024.


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 six years, the revenue will keep slow increasing.


Although sales of Fishing Equipment brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Fishing Equipment field.

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Keywords:    Fishing Equipment Revenue

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