Global Fishing Hooks Market – A Report by Fact.MR
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global fishing hooks market. The fishing hooks market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the fishing hooks market report elaborates the market behavior of each vendor operating in the fishing hooks market.
The lucrativeness of online channels is becoming increasingly palpable in the fishing hooks market, as a traditionally brick-and-mortar marketplace is being swept by waves of digitalization. A new Fact.MR study projects online sales to grow at the highest rate through 2028; however, the growth won’t be enough to offset preeminence of general sporting goods stores as the largest and most preferred sales channel.
The study envisages the fishing hooks market to exhibit a sluggish 2.0% CAGR during the period of forecast 2018 to 2028. Manufacturers of fishing hooks have developed a wide range of requirement-specific products. Circle hooks have been foreseen to maintain their preeminence in the fishing hooks market, complemented by a steady demand for double & treble hook and J hook. Circle hook sales are likely to grow twice as fast as sales of latter variants.
The fishing hooks market report considers the following years to present the overall market growth:
- Estimated Year: 2028
- Forecast Year: 2018 – 2028
Key findings of the fishing hooks market study:
- Regional breakdown of the fishing hooks market based on predefined taxonomy.
- Innovative manufacturing processes implemented by fishing hooks market vendors in detail.
- Region-wise and country-wise fragmentation of the fishing hooks market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global fishing hooks market.
On the basis of product type, the fishing hooks market study consists of:
- Worm Hook
- Double & Treble Hook
- J Hook
- Octopus Beak
- Live Bait Hook
- Circle Hook
- Fly Hook
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On the basis of sales channel, the fishing hooks market study incorporates:
- Sports Outlet
- Online Channel
- General Sporting Goods Store
- Specialty Store
- Modern Trade Channel
On the basis of region, the fishing hooks market study contains:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico)
- Europe (U.K., Germany)
- APEJ (China, India)
Key players analyzed in the fishing hooks market study:
- TTI-Blakemore Fishing Group
- Pure Fishing, Inc. (Berkley)
- HAYABUSA FISHING HOOKS CO., LTD
- TIEMCO Ltd.
- MATZUO AMERICA (BIG GAME INTERNATIONAL BRAND)
- Owner Hooks Co. Ltd.
- Mustad and Son
- Rapala VMC
- Wright & Mcgill
Macroeconomic factors such as threats of ghost fishing gears – associated with mortality of marine flora and fauna, and band on lead fishing tackles – associated with mortality of water birds, continue to confine growth prospects of the fishing hooks market. However, surging customary of marine recreational fishing will significantly uphold demand for fishing hooks in the forthcoming years. The emphasis on sustainability has not excluded the area of fishing sports, with sustainable fishing methods being adopted by fishermen for curtailing extent of exploited feedstocks.
Combined sustainability-driven efforts of fishing enthusiasts and relevant gear manufacturers have further inclined preference toward use of circle hooks, in light of their benefits such as reduced bycatch and elimination of habitat damage. Rising awareness about marine environment protection has led to a marked preference for eco-friendly fishing products among anglers, and fishing hooks are no exception. Development of stainless steel fishing hooks is a key factor that aligns well with efforts toward environmental-friendly fishing.
Queries addressed in the fishing hooks market report:
- Why are the fishing hooks market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global fishing hooks market?
- Which regions are displaying the fastest growth in the fishing hooks market?
- What are the underlying micro- macroeconomic factors affecting the global fishing hooks market?
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