The overall market potential is determined to understand the profitable trends to gain a stronger foothold in recreational boating industry. Technavio has been monitoring the sports fishing equipment market and it is poised to grow by usd 2 86 billion during 2020 2024 progressing at a cagr of almost 4 during the forecast period.
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Recreational fishing market analysis. Recreational boating market size will reach 32 billion in 2020 growing at a cagr of 11 during the forecast period. The majority of fly fishing activities take place within 2 hours of the angler s home. Fishing is one of the most popular outdoor recreational activities in the united states.
Banks consultants sales marketing teams accountants and students all find value in ibisworld. London business wire technavio has been monitoring the sports fishing equipment market and it is poised to grow by usd 2 86 billion during 2020 2024 progressing at a cagr of 4 during the. Sep 07 2020 the expresswire 2020 recreational fishing vessel market a recreational fishing vessel is a boat or ship used to catch fish in the sea.
Only 30 of fly fishing activities involve a trip of 4 hours or more. Recreational boating market trends covers the companies data including growth potential analysis industry segmentation business trends growth drivers price trend analysis. Rising adoption of fishing as a recreational activity among the people of various age groups in countries including the u k japan and australia is expected to promote market growth.
Find industry analysis statistics trends data and forecasts on fishing in australia from ibisworld. In 2017 more than 49 million americans participated in freshwater saltwater and fly fishing. Fly fishing is an affordable recreational activity that everyone in the family can enjoy.
3 the report presents information related to key drivers restraints and opportunities with a detailed impact analysis. The report also gives detail analysis on market concern like recreational boating market share cagr status market demand and up to date market trends with key market. Recreational boating market size share trends analysis report by product outboard inboard sterndrive personal watercraft pwc superyachts and others power engine powered man powered and sail propelled activity cruising watersports and fishing and geography.
The outdoor foundation fly fishing trends and analysis. The global fishing rods market size was valued at usd 909 4 million in 2018.