Growing awareness regarding the benefits of incorporating fish into regular diet and the growth of the aquaculture market are the major factors fuelling the growth of the fishery machinery market. Fishes contain omega-3 fatty acids and are a rich source of protein which helps in lowering blood pressure. Fishery machinery has facilitated the process of raising or harvesting fishes. Widely used fishery machinery includes elevators & hoppers, head cutting machines, feeders, filleting machines and skinning machines. This machinery can be classified into commercial and recreational.
Commercial machinery is used for mass production of fishes with the aim of gaining profits; it includes straps, lift nets, weights, hacks, dredges and trawls. Recreational fishing refers to fishing activities conducted for fun, sports and competition; this involves equipment such as rods, lines, hooks, reels and artificial flies. The fishery machinery market is characterised by brand loyalty. High quality fish tackles are gaining popularity, with users using specific brands. Special taxes collected on fishing tackles and motorboat fuel are supplementing fish recreational programs and fishery conservation. Various government initiatives and the increased disposable incomes of users are also driving forces for the fishery manufacturing market.
The fishery machinery market is witnessing substantial growth in Latin American countries, namely Brazil and Argentina, and Asian countries such as China owing to increased disposable incomes. Manufacturers in the west are shifting or establishing manufacturing bases in APAC countries such as Indonesia and China due to the low labour cost associated with manufacturing machinery. Major players operating in this market are Buck’s Bag Inc., Bass Pro Shops, Berkley Fishing, AFTCO Mfg. Co. Inc. and Aarcom International.
To enable an in-depth analysis, the global fishery machinery market is segmented based on regions. Analysis is carried across regions namely, North America, Europe, APAC and LAMEA.
Key Benefits
- The report showcases current and future trends in the global fishery machinery market to elucidate the imminent investment pockets in the market
- Segmentation of the global fishery machinery market provides an in-depth analysis of applications and end users in different regions
- Drivers & opportunities are examined to identify the current factors which are responsible for market growth and upcoming technologies that would boost market growth in the future.
- Current and future trends are charted to determine the overall attractiveness of the market
- The report provides details about top competitors and their winning strategies
- Quantitative analysis of the current market and estimations through 2013-2020 would determine the financial calibre of the market
Key Market Segments
Market By Regions
- North America
- Europe
- Asia-Pacific
- LAMEA
Companies Mentioned
- AFTCO Mfg. Co. Inc.
- Aarcom International.
- Bass Pro Shops
- Berkley Fishing
- Buck’s Bag Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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