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Market Research Report

Fishing Reels Market Size, Share & Trends Analysis Report By Type (Spinning Reel, Baitcasting Reel, Spincast Reel), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2020 - 2027

Published by Grand View Research, Inc. Product code 952599
Published Content info 130 Pages
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Fishing Reels Market Size, Share & Trends Analysis Report By Type (Spinning Reel, Baitcasting Reel, Spincast Reel), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2020 - 2027
Published: July 3, 2020 Content info: 130 Pages
Description

Market Growth & Trends

The global fishing reel market size is expected to reach USD 5.97 billion by 2027, expanding at a CAGR of 4.2% from 2020 to 2027, according to a report conducted by Grand View Research, Inc. The growth of the market is attributed to growing interest among millennials worldwide in recreational activities, such as fishing. From a broad perspective, rising consumer spending on sports fishing equipment has been favoring market growth.

North America is likely to witness a healthy demand for the product throughout the forecast period. Fishing is among the most popular sports and outdoor recreational activities in U.S. The American Sportfishing Association (ASA) represents the entire sportfishing community in the country and encourages U.S. citizens to participate in fishing activities as a sport. Presence of such associations has been encouraging domestic manufacturers to increase their scale of operation within the country, backed by an expanding number of millennials in the country expressing their passion for fishing.

At a macro level, various factors including rising global participation rates in fishing activities, growing popularity of social media, and development of deep water offshore wind projects continue to favor market growth. Furthermore, growing trend of fishing tackle collection has been improving product circulation worldwide. In this regard, fishing reels are being increasingly considered a possession of gentility, along with other equipment, such as creels and fly rods.

North America emerged as the largest regional market for fishing reels in 2019 and is likely to retain its pole position throughout the forecast period. This region offers sports enthusiasts a surfeit of popular fishing locations. Some of the most popular locations include Silver Lake (California), Devils Lake (North Dakota), Lake Winnipeg (Manitoba, Canada), Lake Simcoe (Ontario, Canada), and Lake Washington (Minnesota). Furthermore, rising popularity of ice fishing in North America has been contributing to the healthy demand for all fishing equipment over the years.

Offline distribution channel continue to remain the most preferred sales platform for the product. These channels include independent sports outlets, specialty stores, discount stores, and departmental stores. Rising need for anglers to feel the product before making a purchase continues to contribute to the growth of the offline segment.

The market is characterized by intense competitive rivalry, with both domestic and international players sharing the market space. To stay competitive, prominent market participants have adopted new product launches as their key strategy over the years.

Report Highlights:

  • By type, the spinning reel segment accounted for the largest share of more than 33.0% in 2019
  • Based on distribution channel, the offline segment dominated the market in 2019
  • Rising popularity of outdoor recreational activities amongst the millennial and Gen z consumers is expected to favor market growth over the forecast period.
Table of Contents
Product Code: GVR-4-68038-874-9

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segmental Outlook
  • 2.3. Competitive Insights

Chapter 3. Fishing Reel Market Variables, Trends & Scope

  • 3.1. Market Introduction
  • 3.2. Penetration & Growth Prospect Mapping
  • 3.3. Industry Value Chain Analysis
    • 3.3.1. Sales/Retail Channel Analysis
    • 3.3.2. Profit Margin Analysis
  • 3.4. Market Dynamics
    • 3.4.1. Market Driver Analysis
    • 3.4.2. Market Restraint Analysis
    • 3.4.3. Industry Challenges
    • 3.4.4. Industry Opportunities
  • 3.5. Business Environment Analysis
    • 3.5.1. Industry Analysis - Porter's
      • 3.5.1.1. Supplier Power
      • 3.5.1.2. Buyer Power
      • 3.5.1.3. Substitution Threat
      • 3.5.1.4. Threat from New Entrant
      • 3.5.1.5. Competitive Rivalry
  • 3.6. Roadmap of Fishing Reel Market
  • 3.7. Market Entry Strategies
  • 3.8. Impact of COVID-19 on the Fishing Reel Market, 2020-2027

Chapter 4. Consumer Behavior Analysis

  • 4.1. Consumer Trends and Preferences
  • 4.2. Factors Affecting Buying Decision
  • 4.3. Consumer Product Adoption
  • 4.4. Observations & Recommendations

Chapter 5. Fishing Reel Market: Type Estimates & Trend Analysis

  • 5.1. Type Movement Analysis & Market Share, 2019 & 2027
  • 5.2. Spinning reel
    • 5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  • 5.3. Baitcasting reel
    • 5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  • 5.4. Spincast reel
    • 5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  • 5.5. Others
    • 5.5.1. Market estimates and forecast, 2016 - 2027 (USD Million

Chapter 6. Fishing Reel Market: Distribution Channel Estimates & Trend Analysis

  • 6.1. Distribution Channel Movement Analysis & Market Share, 2019 & 2027
  • 6.2. Online
    • 6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  • 6.3. Offline
    • 6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)

Chapter 7. Fishing Reel Market: Regional Estimates & Trend Analysis

  • 7.1. Regional Movement Analysis & Market Share, 2019 & 2027
  • 7.2. North America
    • 7.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    • 7.2.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
    • 7.2.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
    • 7.2.4. U.S.
      • 7.2.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
      • 7.2.4.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
      • 7.2.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
  • 7.3. Europe
    • 7.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    • 7.3.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
    • 7.3.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
    • 7.3.4. Germany
      • 7.3.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
      • 7.3.4.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
      • 7.3.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
    • 7.3.5. U.K.
      • 7.3.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
      • 7.3.5.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
      • 7.3.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
  • 7.4. Asia Pacific
    • 7.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    • 7.4.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
    • 7.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
    • 7.4.4. China
      • 7.4.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
      • 7.4.4.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
      • 7.4.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
    • 7.4.5. Japan
      • 7.4.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
      • 7.4.5.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
      • 7.4.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
  • 7.5. Central & South America
    • 7.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    • 7.5.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
    • 7.5.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
    • 7.5.4. Brazil
      • 7.5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
      • 7.5.4.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
      • 7.5.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
  • 7.6. Middle East & UAE (MEA)
    • 7.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    • 7.6.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
    • 7.6.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)
    • 7.6.4. UAE
      • 7.6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
      • 7.6.4.2. Market estimates and forecast, by type, 2016 - 2027 (USD Million)
      • 7.6.4.3. Market estimates and forecast, by distribution channel, 2016 - 2027 (USD Million)

Chapter 8. Competitive Analysis

  • 8.1. Key global players, recent developments & their impact on the industry
  • 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
  • 8.3. Vendor Landscape
    • 8.3.1. Key company market share analysis, 2019

Chapter 9. Company Profiles

  • 9.1. Stradic
    • 9.1.1. Company Overview
    • 9.1.2. Financial Performance
    • 9.1.3. Product Benchmarking
    • 9.1.4. Strategic Initiatives
  • 9.2. Daiwa
    • 9.2.1. Company Overview
    • 9.2.2. Financial Performance
    • 9.2.3. Product Benchmarking
    • 9.2.4. Strategic Initiatives
  • 9.3. Creed GT
    • 9.3.1. Company Overview
    • 9.3.2. Financial Performance
    • 9.3.3. Product Benchmarking
    • 9.3.4. Strategic Initiatives
  • 9.4. Penn Spinfisher
    • 9.4.1. Company Overview
    • 9.4.2. Financial Performance
    • 9.4.3. Product Benchmarking
    • 9.4.4. Strategic Initiatives
  • 9.5. Pflueger
    • 9.5.1. Company Overview
    • 9.5.2. Financial Performance
    • 9.5.3. Product Benchmarking
    • 9.5.4. Strategic Initiatives
  • 9.6. Shimano
    • 9.6.1. Company Overview
    • 9.6.2. Financial Performance
    • 9.6.3. Product Benchmarking
    • 9.6.4. Strategic Initiatives
  • 9.7. Orvis
    • 9.7.1. Company Overview
    • 9.7.2. Financial Performance
    • 9.7.3. Product Benchmarking
    • 9.7.4. Strategic Initiatives
  • 9.8. Okuma
    • 9.8.1. Company Overview
    • 9.8.2. Financial Performance
    • 9.8.3. Product Benchmarking
    • 9.8.4. Strategic Initiatives
  • 9.9. LL Bean
    • 9.9.1. Company Overview
    • 9.9.2. Financial Performance
    • 9.9.3. Product Benchmarking
    • 9.9.4. Strategic Initiatives
  • 9.10. Abu
    • 9.10.1. Company Overview
    • 9.10.2. Financial Performance
    • 9.10.3. Product Benchmarking
    • 9.10.4. Strategic Initiatives

List of Tables

  • 1. Fishing reel market - Key market driver analysis
  • 2. Fishing reel market - Key market restraint analysis
  • 3. Global spinning reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 4. Global baitcasting reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 5. Global spincast reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 6. Global other fishing reels market estimates and forecast, 2016 - 2027 (USD Million)
  • 7. Global fishing reel market estimates and forecast through online,2016 - 2027 (USD Million)
  • 8. Global fishing reel market estimates and forecast through offline, 2016 - 2027 (USD Million)
  • 9. North America fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 10. North America fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 11. North America fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 12. U.S. fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 13. U.S. fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 14. U.S. fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 15. Europe fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 16. Europe fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 17. Europe fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 18. Germany fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 19. Germany fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 20. Germany fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 21. U.K. fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 22. U.K. fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 23. U.K. fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 24. Asia Pacific fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 25. Asia Pacific fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 26. Asia Pacific fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 27. China fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 28. China fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 29. China fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 30. Japan fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 31. Japan fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 32. Japan fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 33. Central & South America fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 34. Central & South America fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 35. Central & South America fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 36. Brazil fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 37. Brazil fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 38. Brazil fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 39. Middle East & Africa fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 40. Middle East & Africa fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 41. Middle East & Africa fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 42. UAE fishing reel market estimates and forecast, 2016 - 2027 (USD Million)
  • 43. UAE fishing reel market revenue estimates and forecast by type, 2016 - 2027 (USD Million)
  • 44. UAE fishing reel market revenue estimates and forecast by distribution channel, 2016 - 2027 (USD Million)
  • 45. Vendor landscape

List of Figures

  • 1. Fishing reel market snapshot
  • 2. Fishing reel market segmentation & scope
  • 3. Fishing reel market penetration & growth prospect mapping
  • 4. Fishing reel value chain analysis
  • 5. Fishing reel market dynamics
  • 6. Fishing reel market Porter's analysis
  • 7. Fishing reel market: Type movement analysis
  • 8. Fishing reel market: Distribution channel movement analysis
  • 9. Fishing reel market: Regional movement analysis
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