Global Angling & Hunting Equipment Market (2021-2026) by Distribution Channel, Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Angling & Hunting Equipment Market is estimated to be USD 523. 7 Mn in 2021 and is expected to reach USD 718.86 Mn by 2026, growing at a CAGR of 6.54%.



Market Dynamics

The major factors driving the growth of the global angling & hunting equipment market are the expansion and development of the commercial fisheries sector and people's rising interest in various recreational activities, and the growing popularity of angling & hunting as a sport. In addition, as the number of people using social media has risen dramatically and as the internet has become more widely used throughout the world as a result, most companies in the fishing equipment market have devised strategies to promote their products and services on social media platforms like Facebook and Twitter which is leading to more opportunities for the market to grow.

However, as the hunting and game preserves are required to be licensed by their relevant state wildlife authority and many legal requirements, it is restraining and creating challenges for the market growth.

Market Segmentation

The Global Angling & Hunting Equipment Market is segmented further based on Distribution Channel, Type, and Geography.

By Distribution Channel, the market is classified into online and offline. Amongst the two, the offline segment is estimated to hold the highest market share during the forecast period.

By Type, the market is classified as hooks, lines, sinkers & floats, rods, reels, nets & traps, spears& gaffs, and others. Amongst all, the hooks segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Hunting PLC, an international energy services group, announces the completion of the acquisition of Enpro Subsea Limited. - 21st February 2020

Company Profiles

Some of the companies covered in this report are Bethel Area Chamber of Commerce, Costa Del Mar Inc., Duluth Holdings Inc., Johnson Outdoors Inc., Maver UK Ltd, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Angling & Hunting Equipment Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market