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.
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 Middle East and Africa fishing reels market. In recent years, there have been numerous technological improvements in the fishing reel market. Major industry players' introduction of new fishing reels with improved technology has raised public interest in fishing. For instance, in July 2020, Abu Garcia introduced Zenon, one of the lightest spinning reels. It is the most lightweight spinning reel ever developed, weighing in at an extraordinary 4.9 ounces for the size 20 and 5.4 ounces for the size 30. In addition, Innovative Reel Technologies, Ltd. offers spinning reels that can be utilized in freshwater or saltwater, from inshore to offshore and everywhere in between. Further, market players focus on collaborating with other businesses to broaden their market reach. For instance, in February 2021, Rather Outdoors acquired Zebco Brands, the Oklahoma-based fishing rods, reels, and accessories manufacturer.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 334.71 Million |
| Market Size by 2028 | US$ 434.55 Million |
| CAGR (2021 - 2028) | 3.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| Middle East and Africa | South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa |
| Market leaders and key company profiles |
|
The Middle East and Africa Fishing Reels Market is valued at US$ 334.71 Million in 2021, it is projected to reach US$ 434.55 Million by 2028.
As per our report Middle East and Africa Fishing Reels Market, the market size is valued at US$ 334.71 Million in 2021, projecting it to reach US$ 434.55 Million by 2028. This translates to a CAGR of approximately 3.8% during the forecast period.
The Middle East and Africa Fishing Reels Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Fishing Reels Market report:
The Middle East and Africa Fishing Reels Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Fishing Reels Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Fishing Reels Market value chain can benefit from the information contained in a comprehensive market report.
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