LONDON–(BUSINESS WIRE)–The sports fishing equipment market is expected to grow by USD 2.86 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the sports fishing equipment market in optimistic, probable, and pessimistic forecast scenarios.
The sports fishing equipment market will witness Negative and Inferior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.
Enterprises will go through Response, Recovery and Renew phases. Download free report sample
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Sports Fishing Equipment Market Participants:
AFTCO Mfg. Co. Inc.
AFTCO Mfg. Co. Inc. operates its business under various segments such as men, women, youth, freshwater, and saltwater tackle. The company offers hooks with corrosion-resistant stainless steel barbs. The hooks are available in 5, 6, 8, 10, and 13-inch sizes, which allows for better penetration during fishing.
Grandt Industries Inc.
Grandt Industries Inc. operates its business under four segments, which include rods, fishing reels, custom golf clubs, and accessories and specialty gifts. The company’s key offerings include Grandt Slam Series, CUDA Series, and XLH70 Surf Series.
Gamakatsu USA Inc.
Gamakatsu USA Inc. has business operations under sports fishing segment. The company offers a wide range of fishing hooks, including SC15 WIDE GAP and SC17 TARPON FLY, and rigs, including CATFISH RIG and DROP SHOT RIGS.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/ sports fishing equipment market-industry-analysis
Sports Fishing Equipment Market 2020-2024: Segmentation
Sports Fishing Equipment is segmented as below:
- Fishing rods
- Fishing reels
- Fishing lures
- Specialty and sports stores
- Department and discount stores
- North America
- South America
The sports fishing equipment market is driven by the increasing popularity of recreational fishing. In addition, other factors such as an increasing number of campaigns encouraging sports fishing and rising demand for customized sports fishing equipment are expected to trigger sports fishing equipment market toward witnessing a CAGR of almost 4% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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