Fishing Equipments Market: North America is the most dominating region for this market – Press Release – Digital Journal

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Most of the world market for fishing equipment, mainly in developing economies, is still used to the use of local and standardized products. Manufacturers could take advantage of these largely unorganized fishing sectors to explore new markets for their products.

Fishing equipment plays a prominent role in catching the fish, which is a recreation for few and living source for many. The advances in the technology, introduction of innovative products and the rise in demand for seafood around the world are the principal factors supporting the growth of this industry. The increase in tourism industry and demand from food and beverages and pharmaceutical industries are expected to drive the market in the future.

Fishing Equipments Market Size and Growth Rate:

Fishing Equipments Market was valued at USD xx million in 2017 and is expected to grow at a CAGR of xx% to reach USD xx million by 2022.

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Fishing Equipments Market Growth Drivers and Restraints:

Most of the world market for fishing equipment, mainly in developing economies, is still used to the use of local and standardized products. Manufacturers could take advantage of these largely unorganized fishing sectors to explore new markets for their products. In addition, the growing popularity of fishing as a recreational activity has also created new opportunities for fishing equipment manufacturers.

Geographical Overview of Fishing Equipments Market:

The Americas was the leading region of the fishing equipment market in 2017. This market is expected to grow at a fast pace, with many fishermen fishing regularly. The further increase in women’s participation has largely contributed to market growth, particularly in this region.

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Key Players of Fishing Equipments Market:

Some of the leading market players of Fishing Equipments Market are Newell (Jarden Corporation), Globeride(Daiwa), Shimano, Rapala VMC Corporation, Weihai Guangwei Group, Dongmi Fishing, RYOBI, Pokee Fishing, Cabela’s Inc., Eagle Claw and others.

Fishing Equipments Market Segmentation:

By Types:

  • Rods,Reels and Components
  • Line and Leaders
  • Lures,Files and Baits
  • Terminal Tackle
  • Electronics

By Applications:

  • Freshwater Fishing
  • Saltwater Fishing

By Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

 

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Source: http://www.digitaljournal.com/pr/4124480

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