Asia Pacific Fishing Reels Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Spinning Reel, Baitcasting Reel, Spincast Reel, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
The Asia Pacific fishing reels market is expected to grow from US$ 1,769.83 million in 2021 to US$ 2,686.49 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.
Recreational activities have proven highly beneficial to people worldwide due to various benefits such as improved physical well-being, emotional health, and cognitive functioning; better socializing with peers and colleagues; and enhanced total activity level. Further, the millennial population favors activities such as fishing for leisure recreation, which is fueling the growth of fishing activity in most developing and developed regions. For instance, according to Tmall, a Chinese online retail platform, China has a total of 2 million post-1995 born youngsters who buy fishing equipment each year. In addition, according to a survey, in a social media discussion group for fishing enthusiasts with 2,000 members, the number of people born in the 1990s reached 1,004. In addition, according to a 2021 Special Report on Fishing, the youth and adolescent fishing increased significantly last year, with 13.5 million youth ages 6–17 hitting the water. The above data indicates that recreational fishing among millennials leads to the increasing demand for fishing reels across the region and gives rise to several key trends, thereby impacting the fishing reel market growth.
The governments of Asia Pacific countries are taking possible steps to reduce the effects of the COVID-19 by announcing lockdowns, which is impacting the revenue generated by the market. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding future outbreaks, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The pandemic caused a shortage of labor, supply chain disruptions, the shutdown of manufacturing units, and transportation restrictions, negatively impacting the fishing reel market in Asia Pacific. In countries such as Australia and India, there was an increase in recreational fishing activities during the COVID-19 pandemic, which positively impacted the fishing reels market. Moreover, the relaxation of restrictions and the resumption of manufacturing operations will stabilize the region's fishing reels market.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific fishing reels market. A reel is a mechanical device linked to a fishing rod that uses a revolving arm to store, release, and collect the fishing line. Most fishers prefer a specific style of fishing reel based on their location, target species of fish, budget, and level of experience. For instance, spinners are the most popular among new fishers and are preferred because of their ease of use and other advantages. Spinning reels, also known as spinners, are ideal for fishing with light baits such as live baits and soft plastics. On the other hand, professional anglers prefer baitcasting reels because they can last longer than spinning gear. In addition, these reels allow fishers to cast spinnerbaits, crankbaits, and jigs more accurately. Further, the spinning reel is the most popular reel used by fishermen of all levels because of its superior open-faced design. This design provides the required adaptability while also providing great usability and accuracy. In reality, the design allows the spool to have a large line capacity while also being simple to switch lines as needed. Therefore, it is important to equip the fishing rod with the appropriate reel because each type of fishing reel requires a distinct skill level and function.
Asia Pacific Fishing Reels Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Fishing Reels Market Segmentation
Asia Pacific Fishing Reels Market – By Type
- Spinning Reel
- Baitcasting Reel
- Spincast Reel
- Others
Asia Pacific Fishing Reels Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Asia Pacific Fishing Reels Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Fishing Reels Market, by Type
1.3.2 Fishing Reels Market, by Distribution Channel
1.3.3 Fishing Reels Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Fishing Reels Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.3 Expert Opinion
5. Fishing Reels Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 People Gaining Knowledge about Different Fishing Reels
5.1.2 Rising Count of Anglers in Developing Countries
5.2 Market Restraints
5.2.1 Rising Usage of Rented Equipment
5.3 Market Opportunities
5.3.1 Innovative Product Development
5.4 Future Trends
5.4.1 Heightening Popularity of Recreational Activities among Millennials
5.5 Impact Analysis
6. Fishing Reels – Asia Pacific Market Analysis
6.1 Fishing Reels Market –Revenue and Forecast to 2028 (US$ Mn)
7. Asia Pacific Fishing Reels Market Analysis – By Type
7.1 Overview
7.2 Fishing Reels Market, By Type (2020 and 2028)
7.3 Spinning Reel
7.3.1 Overview
7.3.2 Spinning Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
7.4 Baitcasting Reel
7.4.1 Overview
7.4.2 Baitcasting Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
7.5 Spincast Reel
7.5.1 Overview
7.5.2 Spin Cast Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
8. Asia Pacific Fishing Reels Market Analysis – By Distribution Channel
8.1 Overview
8.2 Fishing Reels Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
9. Asia Pacific Fishing Reels Market – Country Analysis
9.1 Asia Pacific: Fishing Reels Market
9.1.1 Asia Pacific: Fishing reels Market, by Key Country
9.1.1.1 India: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 India: Fishing Reels Market, by Type
9.1.1.1.2 India Fishing Reels Market, by Distribution Channel
9.1.1.2 Australia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Australia: Fishing Reels Market, by Type
9.1.1.2.2 Australia Fishing Reels Market, by Distribution Channel
9.1.1.3 China: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 China: Fishing Reels Market, by Type
9.1.1.3.2 China Fishing Reels Market, by Distribution Channel
9.1.1.4 Japan: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Fishing Reels Market, by Type
9.1.1.4.2 Japan Fishing Reels Market, by Distribution Channel
9.1.1.5 South Korea: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Fishing Reels Market, by Type
9.1.1.5.2 South Korea Fishing Reels Market, by Distribution Channel
9.1.1.6 Rest of Asia Pacific: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Fishing Reels Market, by Type
9.1.1.6.2 Rest of Asia Pacific: Fishing Reels Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on Asia Pacific Fishing Reels Market
10.1 Overview – Impact of COVID-19
10.2 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Accurate Fishing
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 The Orvis Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Piscifun
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Eposeidon Outdoor Adventure Ltd.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Cadence
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 JiuYu Fishing Tackle Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 NingBo HaiBao fishing tackle co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific: Fishing Reels Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. India Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. India Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 4. Australia Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 6. China Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. China Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 8. Japan Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 10. South Korea Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Asia Pacific Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific: Fishing Reels Market, by Distribution Channel
Table 14. Glossary of Terms, Asia Pacific Fishing Reels Market
LIST OF FIGURES
Figure 1. Fishing Reels Market Segmentation
Figure 2. Fishing Reels Market Segmentation – By Country
Figure 3. Asia Pacific Fishing Reels Market Overview
Figure 4. Spinning Reels Accounted for the Largest Share of the Asia Pacific Fishing Reels Market
Figure 5. China Held the Largest Share of the Asia Pacific Fishing Reels Market
Figure 6. Asia Pacific Fishing Reels Market, Industry Landscape
Figure 7. Asia Pacific: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Asia Pacific Fishing Reels Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. Fishing Reels Market Revenue Share, By Type (2020 and 2028)
Figure 12. Spinning Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Baitcasting Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Spin Cast Reel: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Others: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Fishing Reels Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 17. Supermarkets and Hypermarkets: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Specialty Stores: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Online Retail: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Others: Fishing Reels Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Asia Pacific: Fishing Reels Market, by Key Country – Revenue (2020) (US$ Million)
Figure 22. Asia Pacific: Fishing Reels Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. India: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Australia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. China: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Japan: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. South Korea: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Asia Pacific: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Fishing Reels Market in Asia Pacific
- Accurate Fishing
- The Orvis Company
- Piscifun
- Eposeidon Outdoor Adventure Ltd.
- Cadence
- JiuYu Fishing Tackle Co., Ltd.
- NingBo HaiBao fishing tackle co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific fishing reels market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific fishing reels market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific fishing reels market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution