
Middle East and Africa Fishing Reels Market
No. of Pages: 91 | Report Code: TIPRE00027720 | Category: Consumer Goods
No. of Pages: 91 | Report Code: TIPRE00027720 | Category: Consumer Goods
South Africa had the largest number of COVID-19 cases in the Middle East & Africa region, followed by Saudi Arabia and the UAE. The UAE was the first country in the Middle East & Africa to report a confirmed case of COVID-19. Due to the lockdowns, various manufacturing companies related to consumer goods were closed, leading to the reduction in the manufacturing of fishing reels. Along with this, the Middle East & Africa is mostly dependent on the Asia Pacific countries for the supply of fishing reels, which was heavily impacted during the COVID-19 pandemic due to the restriction on import and export and increase in the shipping cost. The emerging trend of fly-fishing in some of the countries in the Middle East & Africa is leading to an increase in demand for fishing reels. The vaccination campaign and the relaxations regarding the import and export activities are likely to have a positive impact on the fishing reels market.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East and Africa fishing reels market. In recent years, there have been numerous technological improvements in the fishing reel market. Major industry players' introduction of new fishing reels with improved technology has raised public interest in fishing. For instance, in July 2020, Abu Garcia introduced Zenon, one of the lightest spinning reels. It is the most lightweight spinning reel ever developed, weighing in at an extraordinary 4.9 ounces for the size 20 and 5.4 ounces for the size 30. In addition, Innovative Reel Technologies, Ltd. offers spinning reels that can be utilized in freshwater or saltwater, from inshore to offshore and everywhere in between. Further, market players focus on collaborating with other businesses to broaden their market reach. For instance, in February 2021, Rather Outdoors acquired Zebco Brands, the Oklahoma-based fishing rods, reels, and accessories manufacturer.
Strategic insights for the Middle East and Africa Fishing Reels provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 334.71 Million |
Market Size by 2028 | US$ 434.55 Million |
Global CAGR (2021 - 2028) | 3.8% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Fishing Reels refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East and Africa Fishing Reels Market is valued at US$ 334.71 Million in 2021, it is projected to reach US$ 434.55 Million by 2028.
As per our report Middle East and Africa Fishing Reels Market, the market size is valued at US$ 334.71 Million in 2021, projecting it to reach US$ 434.55 Million by 2028. This translates to a CAGR of approximately 3.8% during the forecast period.
The Middle East and Africa Fishing Reels Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Fishing Reels Market report:
The Middle East and Africa Fishing Reels Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Fishing Reels Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Fishing Reels Market value chain can benefit from the information contained in a comprehensive market report.