Fishing Reels Market Overview: Market Size, Major Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global fishing reels market size is expected to grow from $5.08 billion in 2022 to $5.4 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The fishing reels market is expected to reach $6.63 billion in 2027 at a CAGR of 5.2%.
What will drive the fishing reels market?
The increasing consumption of fish is expected to propel the growth of the fishing reel market going forward.
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Who are the major players in the market?
Major players in the fishing reels market are Shimano Inc., G. Loomis, L.L.Bean Inc., Pure Fishing Inc., Weihai Guangwei Group Co. Ltd., Hardy & Greys Limited, Penn Fishing Tackle Manufacturing Co.
Which trend is gaining popularity in the fishing reels market?
Product innovations are a key trend gaining popularity in the fishing reels market. Major companies operating in the fishing reels market are focused on developing innovative products and solutions to sustain their position in the market.
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How is the fishing reels market segmented?
Global Fishing Reels Market Segments Include:
- By Product Type: Spinning, Spin-Cast, Fly Reel, Baitcasting, Other Products
- By Material: Aluminum, Graphite, Stainless Steel, Other Materials
- By Fishing Type: Freshwater Fishing, Saltwater Fishing
- By Reel Mechanism: Anti-Reverse Reel, Direct-Drive Reel
- By Distribution Channel: Modern Trade, Outdoor Sport Stores, Online Sales, Other Distribution Channels
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global fishing reels market in 2021.
The Fishing Reels Global Market Report 2023 provides an overview of the fishing reels market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fishing reels market forecast analyzes fishing reels market size, fishing reels market share, leading competitor and their market positions.
Fishing reels are mechanical devices designed to release and retrieve fishing lines attached to fishing rods. The fishing reel controls the release and retrieval of fishing lines, allowing anglers to cast their bait or lures into the water and reel in fish.
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