North America Fishing Reels Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Spinning Reel, Baitcasting Reel, Spincast Reel, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and
Description
North America Fishing Reels Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Spinning Reel, Baitcasting Reel, Spincast Reel, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
The North America fishing reels market is expected to reach US$ 2,513.81 million by 2028 from US$ 1,688.67 million in 2021; it is estimated to register a CAGR of 5.8% from 2021 to 2028. Due to the growing recreational fishing, there has been an increase in demand for different types of fishing reels in North America. Spinning reels is one of the most popular reels used in North America. It was originally developed to allow the use of artificial flies or other lures for trout or salmon that were too light in weight to be easily cast by bait casting reels. The presence of various types of fishing reels and various domestic and international fishing reel manufacturers in the country is driving the fishing reels market in North America.Further, an average American angler spends US$ 1,037 to support recreational fishing activities. The large presence of anglers across the region is having a positive impact on the fishing reels market due to wide spending on purchasing of different fishing reels required for recreational fishing. Ice fishing has been growing popular in North America and is serving as an excellent pastime for recreational fishers locating hard water in the colder months. For ice fishing, it is important to have a quality reel that helps increase the recreational fisher's productivity. As ice fishing is a rising trend in North America, the consumption of reels suited for ice fishing is also increasing.
The US has the highest number of confirmed COVID-19 cases among all key countries in the region, which negatively impacted the overall manufacturing processes and research and development activities. Further, the restrictions on exports and imports imposed by governments disrupted the supply chain of fishing reels, as countries such as the US and Canada could not import fishing reels from the Chinese manufacturers. The manufacturing units are slowly being operational again, and various industries are recovering, which will positively impact the fishing reels market. Furthermore, domestic manufacturers are increasingly manufacturing fishing reels after the relaxation of some restrictions to lessen their overdependence on China for fishing reels. Moreover, due to the mental stress caused by the COVID-19 pandemic, people in North America have taken an interest in fishing to remain calm, which was also considered a safe activity during the pandemic. Thus, these factors will positively impact the fishing reels market in the region.
Based on type, the North America fishing reels market is segmented into spinning reel, baitcasting reel, spincast reel, and others. The baitcasting reel segment is expected to register the highest CAGR during the forecast period. Baitcasting reels are usually composed of graphite, which makes them stiffer and more robust. Baitcast reels come in a variety of forms and sizes, with the most common and popular type being the low-profile baitcasting reel, which maintains a lightweight and simple design for a wide range of casting applications. Baitcast reels require more practice than conventional reels and are ideal for casting far and wide. In addition, baitcasting reels are the most powerful fishing reels. Some of the benefits of using baitcasting reels are that they can carry heavy lines and have much pulling power, making them an excellent choice for larger fish, thereby boosting the growth of the segment. Baitcasters are extremely adaptable, whether it's pulling bottom fish from dense cover or making drop shots for bass, this reel can do it all. However, one problem of using baitcaster reels is that different lure weights require different settings for the spool tension and brake mechanism, which means the user must alter the settings every time they change the lure, which is time taking.
The overall North America fishing reels market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. The process also serves the purpose of obtaining an overview and forecast of the North America fishing reels market with respect to all the segments. Moreover, multiple primary interviews have been conducted with industry participants to validate data and gain more analytical insights into the topic. The participants involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the North America fishing reels market. The key companies operating in the market include Accurate Fishing; Innovative Reels Technologies Ltd.; Rather Outdoors, LLC; The Orvis Company; Piscifun; Eposeidon Outdoor Adventure Ltd.; Cadence; NingBo HaiBao fishing tackle co., Ltd.; and Cabela’s LLC.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America fishing reels 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 reels 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 North America fishing reels 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
The North America fishing reels market is expected to reach US$ 2,513.81 million by 2028 from US$ 1,688.67 million in 2021; it is estimated to register a CAGR of 5.8% from 2021 to 2028. Due to the growing recreational fishing, there has been an increase in demand for different types of fishing reels in North America. Spinning reels is one of the most popular reels used in North America. It was originally developed to allow the use of artificial flies or other lures for trout or salmon that were too light in weight to be easily cast by bait casting reels. The presence of various types of fishing reels and various domestic and international fishing reel manufacturers in the country is driving the fishing reels market in North America.Further, an average American angler spends US$ 1,037 to support recreational fishing activities. The large presence of anglers across the region is having a positive impact on the fishing reels market due to wide spending on purchasing of different fishing reels required for recreational fishing. Ice fishing has been growing popular in North America and is serving as an excellent pastime for recreational fishers locating hard water in the colder months. For ice fishing, it is important to have a quality reel that helps increase the recreational fisher's productivity. As ice fishing is a rising trend in North America, the consumption of reels suited for ice fishing is also increasing.
The US has the highest number of confirmed COVID-19 cases among all key countries in the region, which negatively impacted the overall manufacturing processes and research and development activities. Further, the restrictions on exports and imports imposed by governments disrupted the supply chain of fishing reels, as countries such as the US and Canada could not import fishing reels from the Chinese manufacturers. The manufacturing units are slowly being operational again, and various industries are recovering, which will positively impact the fishing reels market. Furthermore, domestic manufacturers are increasingly manufacturing fishing reels after the relaxation of some restrictions to lessen their overdependence on China for fishing reels. Moreover, due to the mental stress caused by the COVID-19 pandemic, people in North America have taken an interest in fishing to remain calm, which was also considered a safe activity during the pandemic. Thus, these factors will positively impact the fishing reels market in the region.
Based on type, the North America fishing reels market is segmented into spinning reel, baitcasting reel, spincast reel, and others. The baitcasting reel segment is expected to register the highest CAGR during the forecast period. Baitcasting reels are usually composed of graphite, which makes them stiffer and more robust. Baitcast reels come in a variety of forms and sizes, with the most common and popular type being the low-profile baitcasting reel, which maintains a lightweight and simple design for a wide range of casting applications. Baitcast reels require more practice than conventional reels and are ideal for casting far and wide. In addition, baitcasting reels are the most powerful fishing reels. Some of the benefits of using baitcasting reels are that they can carry heavy lines and have much pulling power, making them an excellent choice for larger fish, thereby boosting the growth of the segment. Baitcasters are extremely adaptable, whether it's pulling bottom fish from dense cover or making drop shots for bass, this reel can do it all. However, one problem of using baitcaster reels is that different lure weights require different settings for the spool tension and brake mechanism, which means the user must alter the settings every time they change the lure, which is time taking.
The overall North America fishing reels market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. The process also serves the purpose of obtaining an overview and forecast of the North America fishing reels market with respect to all the segments. Moreover, multiple primary interviews have been conducted with industry participants to validate data and gain more analytical insights into the topic. The participants involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the North America fishing reels market. The key companies operating in the market include Accurate Fishing; Innovative Reels Technologies Ltd.; Rather Outdoors, LLC; The Orvis Company; Piscifun; Eposeidon Outdoor Adventure Ltd.; Cadence; NingBo HaiBao fishing tackle co., Ltd.; and Cabela’s LLC.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America fishing reels 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 reels 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 North America fishing reels 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
Table of Contents
86 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Fishing Reels Market, by Type
- 1.3.2 Fishing Reels Market, by Distribution Channel
- 1.3.3 Fishing Reels 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 Reels Market Landscape
- 4.1 Market Overview
- 4.2 Pest Analysis
- 4.3 Expert Opinion
- 5. Fishing Reels Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Awareness Regarding Different Fishing Reels
- 5.1.2 Growing Number of Anglers in Developing Countries
- 5.2 Market Restraints
- 5.2.1 High Preference for Rented Equipment
- 5.3 Market Opportunities
- 5.3.1 Product Innovation
- 5.4 Future Trends
- 5.4.1 Growing Popularity of Recreational Activities among Millennials
- 5.5 Impact Analysis
- 6. Fishing Reels - North America Market Analysis
- 6.1 Fishing Reels Market -Revenue and Forecast to 2028 (US$ Mn)
- 7. North America Fishing Reels Market Analysis - By Type
- 7.1 Overview
- 7.2 Fishing Reels Market, By Type (2020 and 2028)
- 7.3 Spinning Reel
- 7.3.1 Overview
- 7.3.2 Spinning Reel: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- 7.4 Baitcasting Reel
- 7.4.1 Overview
- 7.4.2 Baitcasting Reel: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- 7.5 Spincast Reel
- 7.5.1 Overview
- 7.5.2 Spin Cast Reel: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- 8. North America Fishing Reels Market Analysis - By Distribution Channel
- 8.1 Overview
- 8.2 Fishing Reels Market, By Distribution Channel (2020 and 2028)
- 8.3 Supermarkets and Hypermarkets
- 8.3.1 Overview
- 8.3.2 Supermarkets and Hypermarkets: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- 8.4 Specialty Stores
- 8.4.1 Overview
- 8.4.2 Specialty Stores: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- 8.5 Online Retail
- 8.5.1 Overview
- 8.5.2 Online Retail: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- 8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- 9. North America Fishing Reels Market - Country Analysis
- 9.1 North America: Fishing Reels Market
- 9.1.1 North America: Fishing Reels Market, by Key Country
- 9.1.1.1 US: Fishing Reels Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 US: Fishing Reels Market, by Type
- 9.1.1.1.2 US: Fishing Reels Market, by Distribution Channel
- 9.1.1.2 Canada: Fishing Reels Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 Canada: Fishing Reels Market, by Type
- 9.1.1.2.2 Canada: Fishing Reels Market, by Distribution Channel
- 9.1.1.3 Mexico: Fishing Reels Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 Mexico: Fishing Reels Market, by Type
- 9.1.1.3.2 Mexico: Fishing Reels Market, by Distribution Channel
- 10. Impact of COVID-19 Pandemic on North America Fishing Reels Market
- 10.1 Overview - Impact of COVID-19
- 10.2 North America: Impact Assessment of COVID-19 Pandemic
- 11. Company Profiles
- 11.1 Accurate Fishing
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Innovative Reels Technologies Ltd.
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Rather Outdoors, LLC.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 The Orvis Company
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Piscifun
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Eposeidon Outdoor Adventure Ltd.
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Cadence
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 NingBo HaiBao fishing tackle co., Ltd.
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Cabela’s LLC
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- list of Tables
- Table 1. North America: Fishing Reels Market -Revenue and Forecast to 2028 (US$ Mn)
- Table 2. US Fishing Reels Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 3. US Fishing Reels Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
- Table 4. Canada Fishing Reels Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 5. Canada Fishing Reels Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
- Table 6. Mexico Fishing Reels Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 7. Mexico Fishing Reels Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
- Table 8. Glossary of Terms, North America Fishing Reels Market
- List of Figures
- Figure 1. Fishing Reels Market Segmentation
- Figure 2. Fishing Reels Market Segmentation - By Country
- Figure 3. North America Fishing Reels Market Overview
- Figure 4. Spinning Reels Accounted for the Largest Share of the North America Fishing Reels Market
- Figure 5. US Held the Largest Share of the North America Fishing Reels Market
- Figure 6. North America Fishing Reels Market, Industry Landscape
- Figure 7. North America: PEST Analysis
- Figure 8. Expert Opinion
- Figure 9. North America Fishing Reels Market Impact Analysis of Drivers and Restraints
- Figure 10. North America: Fishing Reels Market - Revenue and Forecast to 2028 (US$ Mn)
- Figure 11. Fishing Reels Market Revenue Share, By Type (2020 and 2028)
- Figure 12. Spinning Reel: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- Figure 13. Baitcasting Reel: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- Figure 14. Spin Cast Reel: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- Figure 15. Others: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- Figure 16. Fishing Reels Market Revenue Share, By Distribution Channel (2020 and 2028)
- Figure 17. Supermarkets and Hypermarkets: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- Figure 18. Specialty Stores: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- Figure 19. Online Retail: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- Figure 20. Others: Fishing Reels Market - Revenue and Forecast To 2028 (US$ Million)
- Figure 21. North America: Fishing Reels Market, by Key Country - Revenue (2020) (US$ Million)
- Figure 22. North America: Fishing Reels Market Revenue Share, by Key Country (2020 and 2028)
- Figure 23. US: Fishing Reels Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Canada: Fishing Reels Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Mexico: Fishing Reels Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 26. Impact of COVID-19 Pandemic on Fishing Reels Market in North America
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