The Fishing Global Market Report 2023, provides comprehensive information on the fishing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/fishing-global-market-report
In the wake of the ongoing Russia-Ukraine conflict, the global fishing market is navigating through turbulent waters. Despite the challenges posed by this geopolitical turmoil, the market is poised for significant growth. Anticipated to expand from $621.96 billion in 2022 to a robust $670.97 billion in 2023, the industry demonstrates resilience amidst adversity, projecting a commendable compound annual growth rate (CAGR) of 7.9%. The conflict-induced economic sanctions and supply chain disruptions have induced inflationary pressures, impacting diverse sectors worldwide. However, the fishing market is steadfast, with a promising trajectory, set to ascend to a staggering $920.65 billion by 2027, boasting a noteworthy CAGR of 8.2%. This growth showcases the industry’s steadfastness and adaptability, underscoring its pivotal role in the global economic landscape.
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A prominent and increasingly influential trend within the fishing market pertains to technological advancements. Leading companies in this sector have shifted their focus toward the development of cutting-edge solutions, strategically positioning themselves for market dominance. A noteworthy example is the initiative undertaken by Garmin Ltd., a distinguished US-based marine electronics manufacturer. In July 2022, the company introduced the LiveScope XR System, an innovative live-scanning sonar technology designed to provide real-time imagery of aquatic life and underwater structures, extending its reach to a remarkable 350 feet in saltwater environments. This groundbreaking technology elevates the live-scanning sonar capabilities, offering an extended range while preserving image clarity and resolution. The technology boasts a transducer with the unique ability to capture both long-range and close-range perspectives in real time. It is further enriched by built-in stabilization systems ensuring the steadiness of sonar images, an array of vivid color palettes, and multiple operating modes such as forward, down, and perspective modes. This pioneering development not only augments the fishing experience but also illustrates the continuous evolution of technology within the industry, catering to the needs of both novice and seasoned anglers.
The fishing market is segmented:
1) By Fishing Method Type: Pots And Traps, Line And Pole, Large Nets, Single Line Trolling
2) By Location Type: River, Lake, Sea
3) By Species Type: Clams, Carp, Cord, Tuna, Salmon, Squids, Shrimp, Cephalopod, Groundfish
4) By Distribution Channel: Online, Offline
5) By End-user: Individual Consumers, Clubs, Sports Organizers
Asia-Pacific was the largest region in the fishing market in 2022.
The table of contents in TBRC’s fishing market report includes:
- Executive Summary
- Fishing Market Characteristics
- Fishing Market Trends And Strategies
- Fishing Market – Macro Economic Scenario
- Fishing Market Size And Growth
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- Africa Fishing Market
- Fishing Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Fishing Market
- Fishing Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Daiwa Corporation
- Johnson Outdoors Inc
- Maver UK Limited
- Rome Specialty Company Inc
- Shanghai Kai Chuang Marine International Co. Ltd
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