The fishing equipment market in Europe is expected to grow from US$ 7,711.13 million in 2021 to US$ 9,671.63 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2021 to 2028.
Recreational fishing, often known as sport fishing, is fishing for fun or competition. The most typical type of recreational fishing is done using a rod, reel, line, hooks, and various baits. Recreational activities help to improve physical well-being, emotional health, and cognitive functioning. They also provide possibilities for socialization with others. Thus, due to the rising benefits, there is an increasing demand for recreational fishing, which is boosting the market growth. Fishing equipment is in high demand due to increased fishing activities across the region. Moreover, there is a growing participation in various types of fishing activities in various countries. Thus, increased spending on fishing equipment and accessories due to a rise in the number of participants is increasing the sales of such products.Thus, the increasing participation in recreational fishing is a major factor driving the market.
In Europe, currently, the UK, France, and Russia are the hardest-hit countries by the COVID-19 outbreak. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in the supply chain. The disruptions in the supply chain, the shutdown of manufacturing units, and labor shortages have had a negative impact on the fishing equipment market. Countries such as Poland, France, Germany, and the UK had restrictions on recreational fishing during the lockdowns caused by the COVID-19 pandemic, which negatively impacted the demand for fishing equipment. In comparison, Denmark encouraged people to take part in recreational fishing, which increased the sales of mandatory licenses for recreational fishing in the country, leading to a positive impact on the demand for fishing equipment. In the Netherlands, outdoor activities such as recreational fishing were allowed during the pandemic. After the upliftment of the lockdown, most countries across Europe lifted the restrictions on recreational fishing, which led to increased fishing activities, thereby positively impacting the demand for fishing equipment.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe fishing equipment market. The Europe fishing equipment market is expected to grow at a good CAGR during the forecast period.
Europe Fishing EquipmentMarket Revenue and Forecast to 2028 (US$ Million)
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Europe Fishing Equipment Market Segmentation
Europe Fishing Equipment Market – By Type
- Fishing Rods
- Nets and Traps
- Hooks, Reels
- Fishing Line
- Sinkers
- Others
Europe Fishing Equipment Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Europe Fishing Equipment Market, by Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Fishing Equipment Market - Companies Mentioned
- Daiwa; Decathlon SA
- Decathlon SA
- Eagle Claw Fishing Tackle Co.
- Okuma Fishing Tackle Co. Ltd.
- Pure Fishing Inc
- Rapala VMC Corporation
- Shimano Inc.
- Tica Fishing Tackle
- Weihai Guangwei Group Co., Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Fishing Equipment Market, by Type
1.3.2 Europe Fishing Equipment Market, by Distribution Channel
1.3.3 Europe Fishing Equipment 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. Europe Fishing Equipment Market Landscape
4.1 Market Overview
4.2 Europe Pest Analysis
4.2.1 Europe pest Analysis
4.2.2 Expert Opinion
5. Europe Fishing Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Recreational Fishing Getting Popular
5.1.2 Growth of Fish-Based Tourism in Various Countries
5.2 Market Restraints
5.2.1 Environmental Hazards
5.3 Market Opportunities
5.3.1 E-Commerce Channels Surging Up
5.4 Future Trends
5.4.1 Technological/ Product Enhancement
5.5 Impact Analysis
6. Fishing Equipment Market – Europe Analysis
6.1 Europe Fishing Equipment Market Overview
6.2 Europe Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Mn)
7. Europe Fishing Equipment Market Analysis – By Type
7.1 Overview
7.2 Europe Fishing Equipment Market, By Category (2020 and 2028)
7.3 Fishing Rods
7.3.1 Overview
7.3.2 Fishing Rods: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.4 Nets and Traps
7.4.1 Overview
7.4.2 Nets and Traps: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.5 Hooks
7.5.1 Overview
7.5.2 Hooks: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.6 Reels
7.6.1 Overview
7.6.2 Reels: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.7 Fishing Line
7.7.1 Overview
7.7.2 Fishing Line: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.8 Sinkers
7.8.1 Overview
7.8.2 Sinkers: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
8. Europe Fishing Equipment Market Analysis – By Distribution Channel
8.1 Overview
8.2 Europe Fishing Equipment Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
9. Europe Fishing Equipment Market – Country Analysis
9.1 Overview
9.1.1 Europe: Fishing Equipment Market, by Key Country
9.1.1.1 Germany: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Fishing Equipment Market, by Type
9.1.1.1.2 Germany: Fishing Equipment Market, by Distribution Channel
9.1.1.2 France: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Fishing Equipment Market, by Type
9.1.1.2.2 France: Fishing Equipment Market, by Distribution Channel
9.1.1.3 Italy: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Fishing Equipment Market, by Type
9.1.1.3.2 Italy: Fishing Equipment Market, by Distribution Channel
9.1.1.4 UK: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Fishing Equipment Market, by Type
9.1.1.4.2 UK: Fishing Equipment Market, by Distribution Channel
9.1.1.5 Russia: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Fishing Equipment Market, by Type
9.1.1.5.2 Russia: Fishing Equipment Market, by Distribution Channel
9.1.1.6 Rest of Europe: Fishing Equipment Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Fishing Equipment Market, by Type
9.1.1.6.2 Rest of Europe: Fishing Equipment Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on Europe Fishing Equipment Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Product launch
11.2 Merger & Acquisition
11.3 Expansion
12. Company Profiles
12.1 Eagle Claw Fishing Tackle Co.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Okuma Fishing Tackle Co. Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 SHIMANO INC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 TICA FISHING TACKLE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 RAPALA VMC CORPORATION
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Weihai Guangwei Group Co., Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Decathlon SA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Daiwa
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Pure Fishing Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. Europe Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. France Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe Fishing Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Europe Fishing Equipment Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, Europe Fishing Equipment Market
LIST OF FIGURES
Figure 1. Europe Fishing Equipment Market Segmentation
Figure 2. Europe Fishing Equipment Market Segmentation – By Country
Figure 3. Europe Fishing Equipment Market Overview
Figure 4. Fishing Rods Accounted for the Largest Share of the Europe Fishing Equipment Market
Figure 5. Europe Held the Largest Share of the Europe Fishing Equipment Market
Figure 6. Expert Opinion
Figure 7. Europe Fishing Equipment Market Impact Analysis of Drivers and Restraints
Figure 8. Europe Fishing Equipment Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 9. Europe Fishing Equipment Market Revenue Share, By Type (2020 and 2028)
Figure 10. Europe Fishing Rods: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. Europe Nets and Traps: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. Europe Hooks: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Europe Reels: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Europe Fishing Line: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Europe Sinkers: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Europe Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Europe Fishing Equipment Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 18. Europe Supermarkets and Hypermarkets: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Europe Specialty Stores: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Europe Online Retail: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Europe Others: Fishing Equipment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Europe: Fishing Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Germany: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. France: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Italy: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. UK: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Russia: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe: Fishing Equipment Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Fishing Equipment Market in Europe
- Daiwa; Decathlon SA
- Decathlon SA
- Eagle Claw Fishing Tackle Co.
- Okuma Fishing Tackle Co. Ltd.
- Pure Fishing Inc
- Rapala VMC Corporation
- Shimano Inc.
- Tica Fishing Tackle
- Weihai Guangwei Group Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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