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The Angling & Hunting Equipment Market size was estimated at USD 536.97 million in 2022, USD 573.60 million in 2023, and is expected to grow at a CAGR of 7.03% to reach USD 924.98 million by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Angling and hunting equipment comprises a range of products designed specifically for the activities of fishing and hunting, respectively. Angling equipment, also known as fishing gear, includes items such as fishing rods, lines, reels, hooks, bait, and lures, which are used to capture fish. Hunting equipment refers to the tools and accessories used in the pursuit and harvesting of wildlife, including firearms, bows, arrows, knives, camouflage attire, and various other gear tailored to hunters' requirements in the field. Both categories of equipment are tailored to enhance the efficiency, safety, and success of outdoor sporting enthusiasts while adhering to local regulations and sustainable practices. The angling and hunting equipment market is expanding rapidly with growth in outdoor recreational activities, rising disposable incomes, and the increasing popularity of angling and hunting as sports and leisure activities. Furthermore, advancements in equipment, technology, and materials that offer better performance and sustainability also drive the market further. Despite the growth prospects, regulatory policies aiming to protect wildlife, hunting restrictions, and the growing sentiment against animal cruelty pose significant challenges to market growth. However, the incorporation of smart technology and e-commerce strategies presents future avenues for market players to enhance consumer experience and increase sales.
Regional Insights
In the Americas, the market for angling and hunting equipment is experiencing steady growth, with a strong culture of hunting and fishing activities, driving significant demand for equipment. Inherent outdoor traditions in the United States and Canada, coupled with a sizable population of enthusiasts, continue to boost the market. Moreover, the presence of major industry players and brands in this region supports innovation and a variety of product offerings. The EMEA region exhibits a diversified market landscape, with Europe having a mature and stable market for angling and hunting equipment due to longstanding traditions and regulated hunting practices. Eastern Europe and the Middle East observe moderate growth attributed to increasing interest in outdoor sports and leisure activities. Africa, being rich in biodiversity and offering numerous hunting opportunities, attracts international hunting enthusiasts. The APAC region has shown growing interest in recreational fishing, especially in countries such as Japan, Australia, and South Korea. The rising disposable income in populous countries, including China and India, introduces potential growth avenues for the angling market.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Angling & Hunting Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Angling & Hunting Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Angling & Hunting Equipment Market, highlighting leading vendors and their innovative profiles. These include Adler Arms Corporation, Armytek Optoelectronics Inc., Browning Arms Company, Costa Del Mar Inc., Duluth Holdings Inc., EBSCO Industries, Inc, FORLOH, Inc., HARKILA, HILLMAN GEAR, LLC, Johnson Outdoors Inc., KUIU, LLC., Maver UK Ltd., O.F. Mossberg & Sons, Outfit International A/S, Pac Bow Archery, LLC, Pure Fishing, Inc., QSR Outdoor Products, Inc., Raised Hunting, Rapala VMC Corporation, Rather Outdoors, LLC, Sea Master Enterprise Co., Ltd., Sportschief by CÔTÉ RÉCO INC., The Orvis Company Inc., Tica Fishing Tackle, W.C Bradley Co, and WARWICK FIREARMS AUSTRALIA.Market Segmentation & Coverage
This research report categorizes the Angling & Hunting Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Accessories
- Archery
- ATV Accessories
- Cameras & Accessories
- Clothing
- Decoys
- Fishing Rods & Reels
- Game Calls
- Gun Accessories, Maintenance & Storage
- Hearing Protection, Optics &Scopes
- Knives & Tools
- Lures & Terminal Trackers
- Packs & Bag Packs
- Tree Stands
- Distribution
- Offline
- Online
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Angling & Hunting Equipment Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Angling & Hunting Equipment Market?
- What are the technology trends and regulatory frameworks in the Angling & Hunting Equipment Market?
- What is the market share of the leading vendors in the Angling & Hunting Equipment Market?
- Which modes and strategic moves are suitable for entering the Angling & Hunting Equipment Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Angling & Hunting Equipment Market, by Product
7. Angling & Hunting Equipment Market, by Distribution
8. Americas Angling & Hunting Equipment Market
9. Asia-Pacific Angling & Hunting Equipment Market
10. Europe, Middle East & Africa Angling & Hunting Equipment Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- Adler Arms Corporation
- Armytek Optoelectronics Inc.
- Browning Arms Company
- Costa Del Mar Inc.
- Duluth Holdings Inc.
- EBSCO Industries, Inc
- FORLOH, Inc.
- HARKILA
- HILLMAN GEAR, LLC
- Johnson Outdoors Inc.
- KUIU, LLC.
- Maver UK Ltd.
- O.F. Mossberg & Sons
- Outfit International A/S
- Pac Bow Archery, LLC
- Pure Fishing, Inc.
- QSR Outdoor Products, Inc.
- Raised Hunting
- Rapala VMC Corporation
- Rather Outdoors, LLC
- Sea Master Enterprise Co., Ltd.
- Sportschief by CÔTÉ RÉCO INC.
- The Orvis Company Inc.
- Tica Fishing Tackle
- W.C Bradley Co
- WARWICK FIREARMS AUSTRALIA
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 193 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 573.6 Million |
| Forecasted Market Value ( USD | $ 924.98 Million |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
