ACCESSWIRE
26 Nov 2020, 00:25 GMT+10
Fishing Reels market players are enhancing their profitability and proficiency by manufacturing as well as developing innovative products across diverse fishing reel segments.
ROCKVILLE, MD / ACCESSWIRE / November 25, 2020 / The global fishing reels market will be exhibiting a sturdy CAGR of 4% throughout the forecast period of 2020-2030. Growing demand from recreational anglers and the growing popularity of sports fishing is poised to extend the market growth in the approaching years.
'Growing popularity of sports fishing in emerging nation of South Asia is slated to open up several prospects for the fishing reels market.' says the Fact.MR report.
Fishing Reels Market- Key Takeaways
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Fishing Reels Market - Driving Factors
Fishing Reels Market - Constraints
Anticipated Market Impact by COVID-19 Outbreak
The COVID-19 outbreak has restricted the expansion of the fishing reels market. North America, one of the leading regions in the fishing reels market, is anticipated to see an extreme decline in demand since it has been the most impacted region by the pandemic. On the other hand, amid the slump for offline sales of fishing reels, increasing usage of virtual technologies is projected to improve online shopping amid consumers, and will gradually boost sales in the post-COVID era.
Explore the global Fishing Reels market with 147 figures, 80 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/report/1543/fishing-reels-market
Competition Landscape
Major companies in the Fishing Reels market are Shimano Inc., Bass Pro Shops, Pure Fishing, Inc, Clam Outdoors, Rapala VMC Corporation, Zebco, NingBo HaiBao Fishing Tackle Co., Ltd., Jiu Yu Fishing Tackle Co., Ltd., Weihai Guangwei Group Co., Ltd., and Okuma Fishing Tackle Co., Ltd.
More on the Report
The Fact.MR's market research report provides in-depth insights into the Fishing Reels market. The market is scrutinized based on type (spinning reels, spincast reels, baitcaster reels, trolling reels, offshore reels, and others), reel mechanism (anti-reverse reels and direct-drive reels), fishing type (freshwater fishing, saltwater fishing, and great lake fishing), and sales channel (outdoor sports stores, modern trade channels, other channels, and online retail [company websites and third-party online]), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)).
Explore Wide-ranging Coverage of Fact.MR's Sports Landscape
Fishing Hooks Market: Find insights on the fishing hooks market with analysis of segments, statistics, influencers, market players, and business strategies adopted over a 10-year forecast period.
Fishing Rods Market: Read an analysis of the fishing rods market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.
Fishing Tackle Box Market: Fact.MR's report on the Fishing Tackle Box market offers insights on the market during 2018-2028, including restraints, revenue sources, market leaders, and market strategies.
About Fact.MR
Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, and has offices in Dubai. Fact.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: FactMR
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