Fishing Rods Market Insights and depth Analysis to 2029

Nearly 12 million units of fishing rods are likely to be sold globally, by the end of 2020. As indicated by a recent outlook by Fact.MR, the fishing rods market has been a significant contributor to several local economies’ buildout via activities, such as recreational and sportfishing. With broader applicability in recreation and tourism sectors, fisheries and associated markets have been witnessing significant growth opportunities over the recent past.

The report opines that following developed regions, the market for fishing rods in Asia Pacific excluding Japan (APEJ) is progressing at a notable pace. Global players are highly likely to eye opportunities arising in China, ASEAN countries, and Oceania. Among these key recreational fishing clusters, Oceania registers the highest per capita spending on recreational fishing, thereby attracting fishing rods businesses to the APEJ region. Meanwhile, the presence of a large number of quality water bodies and fish diversity are positioning Japan as a strong market for commercial and recreational fishing, and sportfishing.

Fact.MR’s study opines that surpassing the conventional consumer interests of adventure and recreation, fishing rods manufacturers have been recently discovering profits in consistently rising penchant for sportfishing and professional angling, particularly across developed regional markets. Steady growth in demand for innovative fishing rods is envisaged as the sportfishing industry is observing a rapid surge in the number of professional angling clubs or associations.

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Spinning Rods Remains Sought-after among Amateur Anglers

As per the findings, nearly 2/5th of total sales is accounted by lightweight rods, followed by the rods within a medium weight range. Convenience of use associated with lighter weight of fishing rods will continue to be instrumental in creating higher traction for these categories over other variants. Moreover, spinning type of fishing rods is currently the first choice of consumers, accounting for over 35% of total fishing rods sales. Time-saving, easy-to-master attributes of spinning tackle technique, particularly for amateur anglers, is likely to remain the prominent factor responsible for retaining the top selling position of spinning rods in market.

Accounting for nearly 30% of the global sportfishing equipment industry as of 2018, fishing rods have been among high selling fishing gear and equipment, which is further estimated to thrive with a noteworthy rise in the number of fishing and angling tournaments. According to the study, fishing rods manufacturers are currently focused on micro-level research targeting specific angling requisites, which will remain an important booster to fishing rods sales in the near future.

Regional analysis of the fishing rods market reveals that North America and Europe remain a lucrative market duo for manufacturers, with a primary push received from higher investments in the field of sportfishing and the professional fishing equipment industry. Europe has a remarkable number of trout and salmon streams, in addition to ample coarse fish water bodies, which continue to make the region an important marketplace for fishing rods manufacturers. Poland has been specifically cited as a high potential market holding robust opportunity of growth owing to a strong fishing density of one angler per 1.23 ha of lakes, rivers, and reservoirs.

According to the strategy analysis of the competition landscape, a majority of fishing rods manufacturers are collaborating with popular, award-winning professional anglers for brand endorsement. Moreover, an important finding of Fact.MR’s research points to emergence of the increasing number of outdoor sports and fishing exhibitions in laying a strong ground for strategic collaborations and partnerships, assisting in further growth of fishing rods market. The developmental strategies of companies will also continue to focus on new products development catering to versatile ranges, from budget to premium.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Boxing Gloves Market to Create New Opportunities Till 2022

A new report by Fact.MR estimates the global boxing gloves market to exhibit a moderate CAGR through 2022. The global market for boxing gloves is expected to reach roughly US$ 150 Mn in revenues by 2022-end.

One of the latest trends that is gaining higher traction in the global boxing gloves market is rising prevalence of women’s boxing. Seeking favor among various tournaments, women’s boxing has witnessed a wide acceptance among broadcasters. Five categories are being allotted to women’s boxing at Tokyo 2020 Olympic Games. Leading players in the market are now focusing on product innovation, including lightweight yet strong headgear and high-quality gloves for women, in a bid to expand their presence in the market. Vendors of boxing gloves are also concentrating on expanding their businesses across new as well as untapped markets across the globe. These factors might influence growth of the market in the upcoming years.

Prevalence of boxing tournaments across the globe has significantly surged over the past couple of years, with increasing participating of individuals in this sport. In addition, a number of training clubs have come into existence, with boxing gaining high popularity as a sport. The AIBA International Boxing Association is seeking propulsion in the events of women’s boxing at the Olympic Games which will be held in 2020 at Tokyo, Japan. Several new boxing tournaments are being registered, for instance – the ICBL had commenced its operations in 2016, and has now become the world’s first competitive boxing league. In 2017, the Boxing federation of India is planning on launching domestic boxing league, for increasing the sport’s popularity, thereby accelerating sales of boxing gloves in the region.

7 Key Estimations on Future of Global Boxing Gloves Market

Third party online channel will be the fastest expanding sales channel for boxing gloves in the market, followed by the direct to consumer brand outlet segment.

Despite modern trade channel will register a very low CAGR through 2022, its dominance in the market is estimated to remain unchallenged over the forecast period.

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Asia-Pacific excluding Japan (APEJ) is poised to remain the most lucrative market for boxing gloves.

North America and Japan are estimated to exhibit the highest CAGRs in the market through 2022, with North America being more lucrative than Japan in terms of revenues.

Individual buyers are projected to account for the largest revenue share of the market. Revenues from boxing gloves sales for promotion purposes and in institutions will collectively reach approximately US$ 65 Mn by 2022-end.

Boxing gloves are expected to remain sought-after among glove types in the global market, accounting for over half revenue share of the market throughout the forecast period. Revenues from this segment are anticipated to reach US$ 90 Mn by 2022-end. However, demand for bag gloves will continue to be lower compared to that of boxing gloves in the global market.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Men’s Bicycle Market to Create New Opportunities Till 2022

The latest study conducted by Fact.MR reveals that the global men’s bicycle market will witness a sluggish CAGR during the forecast period (2017-2022). Global demand for men’s bicycle is influenced by factors such as advancements in designs, and the introduction of advanced and high performance bicycles. In addition, governments in various countries are promoting and encouraging the adoption of bicycle in order to reduce traffic congestion and carbon emission. For decades, bicycles have been a sustainable mode of transportation that come with benefits of price, health and environmental. Nonetheless, bicycles may not be the best option when it comes to long distance travelling due to its inherent functional limitations. Gasoline powered vehicles have an upper-edge over bicycles in terms of efficiency and performance, which, in turn, is acting a major impediment to the growth of the global men’s bicycle market. Most consumers use bicycles as an exercise tool and therefore, the availability of a wide range workout equipment is curbing bicycle sales globally. Moreover, continuous expansion of cities, which is resulting in longer travelling time from home to shopping center or home to workplace is perhaps making the use of bicycles unrealistic for transportation.

Global Men’s Bicycle Market: Key Projections

Based on products, the hybrid bicycles segment is projected to remain highly attractive during the assessment period. In terms of revenue, the segment currently commands for more than 37% share of the global market. In addition, the hybrid bicycles segment is anticipated to cross a market valuation of US$ 9,600 Mn by the end of 2022, reflecting a steady CAGR.

Between 2017 and 2022, the market for men’s bicycle in Asia-Pacific excluding Japan (APEJ) is expected to exhibit an impressive growth rate. This is primarily due to the increasing urgency to check air pollution levels in various APEJ countries, which is resulting in higher adoption of bicycles in the region. Meanwhile, demand for men’s bicycle in North America is also expected to surge over the next couple of years as consumers shift towards more eco-friendly modes of transportation.

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Based on technology, the conventional men’s bicycle segment will continue to outperform the electric men’s bicycle segment during the forecast period. The former currently represents more than two-third revenue share of the global market. By 2022-end, the conventional men’s bicycle segment is estimated to surpass a valuation of US$ 20,400 Mn. 

Based on price range, the mid-range segment is expected retain its dominant position over the assessment period. Demand for mid-range priced men’s bicycle is significantly high. The mid-range segment currently commands for close to 60% revenue share of the market.

On the basis of distribution channel, the independent outlet segment is expected account for a considerable contribution to the global men’s bicycle market revenues in 2017 and beyond. The independent outlet segment is projected to reflect a CAGR of 3.1% from 2017 to 2022

Competition Tracking

Vinci Pro, Adidas AG, Ampac Enterprises Inc., Franklin Sports Inc., Newell Brands, Inc., Under Armour, Inc., Amer Sports Corporation, Easton Sports, Inc., Mizuno Corporation, and NIKE, Inc. are among the leading companies functioning in the global market for baseball gloves

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Baseball Gloves Market Detailed Analysis and Growth Prospects with Top Key Players

The global demand for baseball gloves is expected to remain moderate over the next couple of years. This is mainly due to the low popularity of baseball as compared to other sports such as lawn tennis, basketball, and soccer. Baseball is a sport that is played in few selected countries such as the U.S., Japan and Canada among others, making baseball equipment and accessories niche. Use of gloves in baseball games started in 1870s when baseball players like Douglas L. Allison started using gloves for preventing finger injuries during matches. In the following decades gloves slowly became a common baseball gear. At present, there are five major types of baseball gloves that are used by players, which include pitcher's baseball glove, catcher's mitt baseball glove, first baseman's baseball glove, infielder's baseball glove, and outfielder's baseball glove. The gloves used in a modern game are leather made and highly durable. This, in turn, is impacting the purchasing cycle of the product. Fact.MR’s recent study on reveals that the global baseball gloves market is set to witness a sluggish growth during the forecast period (2017-2022). Factors such as little advancement in product design and low awareness among consumers regarding new products is also expected to negatively influence the growth of the market.

Global Baseball Gloves Market: Key Insights

Based on types, the first baseman’s baseball glove segment is expected to remain highly lucrative during the assessment period. In terms of revenue, the segment is projected to represent more than 26% share of the global market towards the end of 2022 and reach a market valuation in excess of US$ 6 Mn.

On the basis of distribution channel, the modern trade segment is expected to retain its top position over the forecast period. The segment currently holds around 24% revenue share of the global market. By the end of 2022, the modern trade segment is estimated to surpass US$ 6 Mn in valuation.

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By buyer type, the individual buyer segment will continue to dominate throughout the forecast period. The segment currently commands for over one-third market share in terms of revenue. By 2022-end, the individual buyer segment is anticipated to surpass a valuation of 13 Mn, exhibiting a steady growth.

Among regions, the baseball gloves market in North America is projected to remain highly attractive between 2017 and 2022. This is mainly due to the widespread popularity of the sport in the countries such as the U.S. and Canada. Majority of the population in the region is familiar with baseball, which, in turn, is driving the demand for various baseball gears and equipment including gloves. Meanwhile, the baseball gloves market in Japan is expected to exhibit a relatively higher CAGR, owing to the growing popularity of the baseball in the country.

Competition Tracking

Vinci Pro, Adidas AG, Ampac Enterprises Inc., Franklin Sports Inc., Newell Brands, Inc., Under Armour, Inc., Amer Sports Corporation, Easton Sports, Inc., Mizuno Corporation, and NIKE, Inc. are among the leading companies functioning in the global market for baseball gloves

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Golf Gloves Market Detailed Analysis and Growth Prospects with Top Key Players

Golfer uses several accessories, one of which are the golf gloves. Golf gloves offer many advantages such as warmth, grip, help in avoiding blisters, protection from heat and cold etc. The golf gloves are manufactured using different material such as leather, hybrid material and synthetic. Factors such as increasing number of people opting golf as their career, increase in disposable income due to which businessmen and rich people play golf for recreation, increasing awareness among people regarding issues of blisters on palms, various innovations to better the experience of the wearer, etc., are driving the global golf gloves market. Few restraining aspects such as high price, low preference for gloves among amateur golfers as well as clones of golf gloves which are cheaper than original hinder the growth of the market. North America region is expected to be the most attractive region for the golf gloves market.

The global golf gloves market is anticipated to show a value of about US$ 200 Mn and is expected to grow at a moderate rate during the period of forecast of 2017 to 2022.

5 Forecast Highlights on Global Golf Gloves Market

North America expected to grow at the moderate CAGR during the period of forecast as well as dominate the global market in terms of market share by revenue, as of 2017. It can be said that this trend would be followed, considering the technological developments observed in this region

Asia-Pacific excluding Japan (APEJ) region also anticipated to grow at the highest growth rate as compared to other regions, yet does not portray high market share by revenue. This region is anticipated to grow at a CAGR of 4.4% during the period of forecast 2017 to 2022

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The hybrid golf gloves segment by material type is anticipated to be the fastest growing segment in this category and is marked by a higher market share by revenue thereby portraying dominance over the market. This segment is anticipated to grow at a CAGR of 4.3% during the period of forecast and this trend will most likely preserve its dominance throughout the period of forecast

Individual segment by buyer type shows higher market share dominating the market as well as higher growth rate. This segment reflects a market share of about 70% as of 2017 and this trend is expected to continue given the higher growth rate that this segment shows

The direct to consumer brand outlet segment and third party online channel segment are growing at the same growth rate and this trend is anticipated to continue over the forecast period. The modern trade segment witnesses higher market share of 23.1% as of 2017 but reflects a less growth rate during the period of forecast

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
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Tel: +353-1-4434-232
Tel: +353-1-6111-593
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