Europe 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 Europe fishing reels market is expected to grow from US$ 1,982.58 million in 2021 to US$ 2,615.26 million by 2028; it is estimated to grow at a CAGR of 4.0% 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 region. 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.
In Europe, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. Initially, other member states had implemented drastic measures and travel restrictions, including partially closing their borders that impacted the import and export of products. Due to restrictions on imports and exports, the fishing reels from Asia Pacific countries could not be exported to Europe, causing a shortage in the supply of fishing reels. During the lockdown, countries in Europe imposed restrictions and banned recreational fishing, which led to a decrease in demand for fishing reels. However, some countries encouraged recreational fishing during the pandemic, positively impacting the demand for fishing reels. The start of manufacturing operations and ease of restrictions on carrying out recreational activities and import and export activities will lead to an increased demand for fishing reels.
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 Europe 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. Thus, the rising awareness regarding the use and benefits of different types of fishing reels is a major factor driving the market.
Europe Fishing Reels Market Revenue and Forecast to 2028 (US$ Million)
Europe Fishing Reels Market Segmentation
Europe Fishing Reels Market – By Type
- Spinning Reel
- Baitcasting Reel
- Spincast Reel
- Others
Europe Fishing Reels Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Europe Fishing Reels Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
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. Europe Fishing Reels Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.3 Expert Opinion
5. Europe Fishing Reels Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Awareness Regarding Different Fishing Reels
5.1.2 Incrementing Number of Anglers in Developing Countries
5.2 Market Restraints
5.2.1 High Demand for Rented Equipment
5.3 Market Opportunities
5.3.1 Development of Innovative Products
5.4 Future Trends
5.4.1 Rising Popularity of Recreational Activities among Millennials
5.5 Impact Analysis
6. Fishing Reels – Europe Market Analysis
6.1 Fishing Reels Market –Revenue and Forecast to 2028 (US$ Mn)
7. Europe 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. Europe 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. Europe Fishing Reels Market – Country Analysis
9.1 Europe: Fishing Reels Market
9.1.1 Europe: Fishing Reels Market, by Key Country
9.1.1.1 Germany: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Fishing Reels Market, by Type
9.1.1.1.2 Germany: Fishing Reels Market, by Distribution Channel
9.1.1.2 France: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Fishing Reels Market, by Type
9.1.1.2.2 France: Fishing Reels Market, by Distribution Channel
9.1.1.3 Italy: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Fishing Reels Market, by Type
9.1.1.3.2 Italy: Fishing Reels Market, by Distribution Channel
9.1.1.4 UK: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Fishing Reels Market, by Type
9.1.1.4.2 UK: Fishing Reels Market, by Distribution Channel
9.1.1.5 Russia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Fishing Reels Market, by Type
9.1.1.5.2 Russia: Fishing Reels Market, by Distribution Channel
9.1.1.6 Rest of Europe: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Fishing Reels Market, by Type
9.1.1.6.2 Rest of Europe: Fishing Reels Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on Europe Fishing Reels Market
10.1 Overview – Impact of COVID-19
10.2 Europe: 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 Rather Outdoors, LLC.
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 The Orvis Company
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 Piscifun
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 NingBo HaiBao 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 Cabela’s LLC
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. Europe: Fishing Reels Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. Germany Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. France Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe Fishing Reels Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe Fishing Reels Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Europe Fishing Reels Market
LIST OF FIGURES
Figure 1. Fishing Reels Market Segmentation
Figure 2. Fishing Reels Market Segmentation – By Country
Figure 3. Europe Fishing Reels Market Overview
Figure 4. Spinning Reels Accounted for the Largest Share of the Europe Fishing Reels Market
Figure 5. Rest of Europe Held the Largest Share of the Europe Fishing Reels Market
Figure 6. Europe Fishing Reels Market, Industry Landscape
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Fishing Reels Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: 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. Europe: Fishing Reels Market, by Key Country – Revenue (2020) (US$ Million)
Figure 22. Europe: Fishing Reels Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Germany: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. France: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Italy: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. UK: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Russia: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe: Fishing Reels Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Fishing Reels Market in Europe
- Accurate Fishing
- Rather Outdoors, LLC.
- The Orvis Company
- Piscifun
- Cadence
- NingBo HaiBao fishing tackle co., Ltd.
- Cabela’s LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe market trends and outlook coupled with the factors driving the Europe 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