Middle East and Africa Fishing Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Fishing Rods, Nets and Traps, Hooks, Reels, Fishing Line, Sinkers, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

Name: Middle East and Africa Fishing Equipment Market
SKU: Consumer Goods
Rating: 4.9 (12 reviews)

The fishing equipment market in MEA is expected to grow from US$ 1,287.57 million in 2021 to US$ 1,569.49 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2021 to 2028.

The use of the internet across the globe has resulted in significant growth in the number of social media users. As a result, most players in the fishing equipment market are planning to promote their products and services on social media platforms. E-commerce is one of the primary tactics numerous businesses and organizations use to raise awareness about their product offerings among target customers via e-commerce channels such as Amazon, Cabelas, Tackle Warehouse LLC, and Fishing Tackle Unlimited. Companies are expanding their product line and implementing novel technology to address consumer demand for fish hunting equipment. For instance, Fishbrain, a social network for anglers, introduced an in-app fishing tackle shop in October 2019, allowing members to locate and purchase fishing equipment from a variety of brands. Additionally, various developments have been made in the online domain over the last few years.

Thus, the worldwide fishing equipment market sees key chances to develop momentum and enhance customer reach among its target groups through an e-commerce marketing approach.

South Africa had the highest number of COVID-19 cases in the MEA region, followed by Saudi Arabia and the UAE. Various consumer goods companies remained closed in the region due to the lockdowns, reducing the sale of various products, including fishing equipment, in the region. According to McKinsey and Company Report, the MEA region was slow to adopt e-commerce; however, the COVID-19 pandemic prompted a change. Consumers across the Gulf Cooperation Council, South Africa, and Turkey have shown an increase in online shopping during the pandemic. Consumers in Saudi Arabia and the UAE have seen the highest rates of “new or increased” users in online deliveries and communications. Thus, due to the pandemic, the consumers have increased the usage of e-commerce platforms, and the presence of e-commerce sites specifically providing fishing equipment will positively impact the fishing equipment market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA fishing equipment market. The MEA fishing equipment market is expected to grow at a good CAGR during the forecast period.

MEA Fishing Equipment Market Revenue and Forecast to 2028 (US$ Million)

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MEA Fishing Equipment Market Segmentation

MEA Fishing Equipment Market – By Type

MEA Fishing Equipment Market – By Distribution Channel

Supermarkets and Hypermarkets
Specialty Stores
Online Retail
Others

MEA Fishing Equipment Market, by Country

Saudi Arabia
South Africa
UAE
Rest of MEA

MEA Fishing Equipment Market - Companies Mentioned

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 MEA Fishing Equipment Market, by Type

1.3.2 MEA Fishing Equipment Market, by Distribution Channel

1.3.3 MEA Fishing Equipment 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. MEA Fishing Equipment Market Landscape

4.1 Market Overview

4.2 MEA Pest Analysis

4.2.1 MEA Pest Analysis

4.3 Expert Opinion

5. MEA Fishing Equipment Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Popularity of Recreational Fishing

5.1.2 Fish-Based Tourism Rising in Developing Countries

5.2 Market Restraints

5.2.1 Environmental Hazards of Fishing Equipment

5.3 Market Opportunities

5.3.1 E-Commerce Platforms Growing

5.4 Future Trends

5.4.1 Technological/ Product Upgradation

5.5 Impact Analysis

6. Fishing Equipment Market – MEA Analysis

6.1 MEA Fishing Equipment Market Overview

6.2 MEA Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Mn)

7. MEA Fishing Equipment Market Analysis – By Type

7.1 Overview

7.2 MEA Fishing Equipment Market, By Category (2020 and 2028)

7.3 Fishing Rods

7.3.1 Overview

7.3.2 Fishing Rods: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

7.4 Nets and Traps

7.4.1 Overview

7.4.2 Nets and Traps: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

7.5 Hooks

7.5.1 Overview

7.5.2 Hooks: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

7.6 Reels

7.6.1 Overview

7.6.2 Reels: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

7.7 Fishing Line

7.7.1 Overview

7.7.2 Fishing Line: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

7.8 Sinkers

7.8.1 Overview

7.8.2 Sinkers: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

7.9 Others

7.9.1 Overview

7.9.2 Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

8. MEA Fishing Equipment Market Analysis – By Distribution Channel

8.1 Overview

8.2 MEA Fishing Equipment Market, By Distribution Channel (2020 and 2028)

8.3 Supermarkets and Hypermarkets

8.3.1 Overview

8.3.2 Supermarkets and Hypermarkets: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

8.4 Specialty Stores

8.4.1 Overview

8.4.2 Specialty Stores: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

8.5 Online Retail

8.5.1 Overview

8.5.2 Online Retail: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

9. MEA Fishing Equipment Market – Country Analysis

9.1 Overview

9.1.1 MEA: Fishing Equipment Market, by Key Country

9.1.1.1 South Africa: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 South Africa: Fishing Equipment Market, by Type

9.1.1.1.2 South Africa Fishing Equipment Market, by Distribution Channel

9.1.1.2 Saudi Arabia: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Saudi Arabia: Fishing Equipment Market, by Type

9.1.1.2.2 Saudi Arabia Fishing Equipment Market, by Distribution Channel

9.1.1.3 UAE: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 UAE: Fishing Equipment Market, by Type

9.1.1.3.2 UAE Fishing Equipment Market, by Distribution Channel

9.1.1.4 Rest of MEA: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 Rest of MEA: Fishing Equipment Market, by Type

9.1.1.4.2 Rest of MEA Fishing Equipment Market, by Distribution Channel

10. Impact of COVID-19 Pandemic on MEA Fishing Equipment Market

10.1 MEA: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Product launch

11.2 Merger & Acquisition

11.3 Expansion

12. Company Profiles

12.1 Eagle Claw Fishing Tackle Co.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Okuma Fishing Tackle Co. Ltd.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 SHIMANO INC.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 TICA FISHING TACKLE

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 RAPALA VMC CORPORATION

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Weihai Guangwei Group Co., Ltd.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Decathlon SA

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Daiwa

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. MEA Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2. South Africa Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. South Africa Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 4. Saudi Arabia Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. Saudi Arabia Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 6. UAE Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. UAE Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 8. Rest of MEA Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Rest of MEA Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 10. Glossary of Terms, MEA Fishing Equipment Market

LIST OF FIGURES

Figure 1. MEA Fishing Equipment Market Segmentation

Figure 2. MEA Fishing Equipment Market Segmentation – By Country

Figure 3. MEA Fishing Equipment Market Overview

Figure 4. Fishing Rods Accounted for the Largest Share of the MEA Fishing Equipment Market

Figure 5. Rest of MEA Held the Largest Share of the MEA Fishing Equipment Market

Figure 6. Expert Opinion

Figure 7. MEA Fishing Equipment Market Impact Analysis of Drivers and Restraints

Figure 8. MEA Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 9. MEA Fishing Equipment Market Revenue Share, By Type (2020 and 2028)

Figure 10. MEA Fishing Rods: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 11. MEA Nets and Traps: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 12. MEA Hooks: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 13. MEA Reels: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 14. MEA Fishing Line: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15. MEA Sinkers: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 16. MEA Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 17. MEA Fishing Equipment Market Revenue Share, By Distribution Channel (2020 and 2028)

Figure 18. MEA Supermarkets and Hypermarkets: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 19. MEA Specialty Stores: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 20. MEA Online Retail: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 21. MEA Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 22. MEA: Fishing Equipment Market, by Key Country– Revenue (2020) (US$ Million)

Figure 23. MEA: Fishing Equipment Market Revenue Share, by Key Country (2020 and 2028)

Figure 24. South Africa: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Saudi Arabia: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. UAE: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Rest of MEA: Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Impact of COVID-19 Pandemic on Fishing Equipment in MEA

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA fishing equipment 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 MEA fishing equipment 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 MEA market trends and outlook coupled with the factors driving the fishing equipment 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

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