The Spinning Reel Segment to Dominate Middle East and Africa Fishing Reels Market during 2021-2028

According to a new market research study on “Middle East and Africa Fishing Reel Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Distribution Channel and Country,” is expected to reach US$ 434.55 million by 2028 from US$ 334.71 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa fishing reels market along with the drivers and restraints pertaining to the market growth. Surge in the awareness regarding different fishing reels, is a major factor driving the growth of the Middle East and Africa fishing reels market. However, high preference for rented equipment may hinder the growth of Middle East and Africa fishing reels market.

South Africa had the largest number of COVID-19 cases in the Middle East & Africa region, followed by Saudi Arabia and the UAE. The UAE was the first country in the Middle East & Africa to report a confirmed case of COVID-19. Due to the lockdowns, various manufacturing companies related to consumer goods were closed, leading to the reduction in the manufacturing of fishing reels. Along with this, the Middle East & Africa is mostly dependent on the Asia Pacific countries for the supply of fishing reels, which was heavily impacted during the COVID-19 pandemic due to the restriction on import and export and increase in the shipping cost. The emerging trend of fly-fishing in some of the countries in the Middle East & Africa is leading to an increase in demand for fishing reels. The vaccination campaign and the relaxations regarding the import and export activities are likely to have a positive impact on the fishing reels market.  

The market for Middle East and Africa fishing reels is segmented into type, distribution channel and country. Based on type, the market is segmented into spinning reel, baitcasting reel, spincast reel, and others. In 2020, the spinning reel segment held the largest share in Middle East and Africa fishing reels market. Based on distribution channel, the Middle East and Africa fishing reels market is divided into supermarkets and hypermarkets, specialty stores, online retail, and others. The online retail segment is expected to be the fastest growing segment over the forecast period. Based on country, the Middle East and Africa fishing reels market is segmented into South Africa, Saudi Arabia, UAE and rest of Middle East and Africa. In 2020, rest of Middle East and Africa held the largest share in Middle East and Africa fishing reels market. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East and Africa fishing reels market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East and Africa countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for fishing reels.

Rather Outdoors, LLC; The Orvis Company; Cadence; NingBo HaiBao fishing tackle co., Ltd.; and Cabela’s LLC are some of the leading companies in the Middle East and Africa fishing reels market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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