North America 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)
The fishing equipment market in North America is expected to grow from US$ 6,961.44 million in 2021 to US$ 9,413.77 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.
Fishing tourism includes fishing, cultural sharing with local anglers, and learning about traditions and lifestyles. Fishing tourism is partly a subgroup of marine ecotourism which emphasizes outdoor recreational purposes. Non-crew (i.e., tourists) can fish with the crew. Professional fishers generally carry out activities related to fishing tourism, and they use well-equipped boats and equipment necessary for fishing to ensure general safety and hygiene. All states strive to promote tourism, including recreational fishing, for economic development. Measures have been taken to promote and improve the quality of fishing tourism. Through training and development programs, Fishermen are motivated and are endowed with the skills necessary to provide tourists with quality tourism services.
North America is one of the worst affected economies due to the COVID-19 pandemic. The US recorded the highest number of confirmed COVID-19 cases among all key countries in North America. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the fishing equipment market. However, in the US and Canada, there was minimal government action to restrict fishing activity, which was coupled with active campaigns to promote recreational fishing, leading to an increase in fishing equipment sales. Along with this, there was a sustained fishing activity due to the majority of anglers in the US and Canada considering recreational fishing to be a safe activity during a pandemic. As the vaccination campaigns are being carried out, recreational fishing is on the rise in North America, which is having a positive impact on 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 North America fishing equipment market. The North America fishing equipment market is expected to grow at a good CAGR during the forecast period.
North America Fishing Equipment Market Revenue and Forecast to 2028 (US$ Million)
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North America Fishing Equipment Market Segmentation
North America Fishing Equipment Market – By Type
- Fishing Rods
- Nets and Traps
- Hooks, Reels
- Fishing Line
- Sinkers
- Others
North America Fishing Equipment Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
North America Fishing Equipment Market, by Country
- US
- Canada
- Mexico
North America Fishing Equipment Market - Companies Mentioned
- AFTCO
- Daiwa; Decathlon SA
- Decathlon SA
- Eagle Claw Fishing Tackle Co.
- Okuma Fishing Tackle Co. Ltd.
- Pure Fishing Inc
- Rapala VMC Corporation
- Shimano Inc.
- Tica Fishing Tackle
- Weihai Guangwei Group Co., Ltd.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Fishing Equipment Market, by Type
1.3.2 North America Fishing Equipment Market, by Distribution Channel
1.3.3 North America 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. North America Fishing Equipment Market Landscape
4.1 Market Overview
4.2 North America Pest Analysis
4.2.1 North America
4.3 Expert Opinion
5. North America Fishing Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Participation in Recreational Fishing
5.1.2 Rise of Fish-Based Tourism
5.2 Market Restraints
5.2.1 Environment Issues
5.3 Market Opportunities
5.3.1 Growth of E-Commerce Channels
5.4 Future Trends
5.4.1 Technological/ Product Developments
5.5 Impact Analysis
6. Fishing Equipment Market – North America Analysis
6.1 North America Fishing Equipment Market Overview
6.2 North America Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Mn)
7. North America Fishing Equipment Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America Fishing Equipment Market Analysis – By Distribution Channel
8.1 Overview
8.2 North America 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. North America Fishing Equipment Market – Country Analysis
9.1 Overview
9.1.1 North America: Fishing Equipment Market, by Key Country
9.1.1.1 US: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Fishing Equipment Market, by Type
9.1.1.1.2 US: Fishing Equipment Market, by Distribution Channel
9.1.1.2 Canada: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Fishing Equipment Market, by Type
9.1.1.2.2 Canada: Fishing Equipment Market, by Distribution Channel
9.1.1.3 Mexico: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Fishing Equipment Market, by Type
9.1.1.3.2 Mexico: Fishing Equipment Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on North America Fishing Equipment Market
10.1 North America: 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 AFTCO
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 RAPALA VMC CORPORATION
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 Weihai Guangwei Group Co., Ltd.
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 Decathlon SA
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
12.9 Daiwa
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Pure Fishing Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. North America Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 9. Glossary of Terms, North America Fishing Equipment Market
LIST OF FIGURES
Figure 1. North America Fishing Equipment Market Segmentation
Figure 2. North America Fishing Equipment Market Segmentation – By Country
Figure 3. North America Fishing Equipment Market Overview
Figure 4. Fishing Rods Accounted for the Largest Share of the North America Fishing Equipment Market
Figure 5. US Held the Largest Share of the North America Fishing Equipment Market
Figure 6. Expert Opinion
Figure 7. North America Fishing Equipment Market Impact Analysis of Drivers and Restraints
Figure 8. North America Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 9. North America Fishing Equipment Market Revenue Share, By Type (2020 and 2028)
Figure 10. North America Fishing Rods: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. North America Nets and Traps: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. North America Hooks: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. North America Reels: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. North America Fishing Line: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. North America Sinkers: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. North America Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. North America Fishing Equipment Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 18. North America Supermarkets and Hypermarkets: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. North America Specialty Stores: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. North America Online Retail: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. North America Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. North America: Fishing Equipment Market, by Key Country– Revenue (2020) (US$ Million)
Figure 23. North America: Fishing Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. US: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Canada: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic on Fishing Equipment Market in North America
- AFTCO
- Daiwa; Decathlon SA
- Decathlon SA
- Eagle Claw Fishing Tackle Co.
- Okuma Fishing Tackle Co. Ltd.
- Pure Fishing Inc
- Rapala VMC Corporation
- Shimano Inc.
- Tica Fishing Tackle
- Weihai Guangwei Group Co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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