The fishing reels market in South Korea reached a value of $150.32 million in 2023, experiencing a year-on-year growth of 9.06%. Over the last two years, the market has shown stable growth, recovering from earlier declines. The five-year compound annual growth rate (CAGR) stands at 3.66%, indicating a moderate, steady upward trend since 2019.
Future trends to watch include:
- Technological advancements in reel designs may continue to drive consumer interest and demand.
- Potential shifts in environmental regulations impacting manufacturing processes and costs.
- Changes in consumer leisure preferences towards outdoor activities, potentially increasing market size.
- Economic factors and disposable income levels influencing spending on recreational goods.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 150,320,000 | 2023 | +9.06% | +3.66% | |
| 2 | 2 France | 109,900,000 | 2023 | +3.78% | +2.51% | View data |
| 3 | 3 United Kingdom | 89,294,000 | 2023 | +2.48% | +4.19% | View data |
| 4 | 4 Netherlands | 88,760,000 | 2023 | +2.79% | +3.28% | View data |
| 5 | 5 Germany | 82,455,000 | 2023 | -2.05% | -3.02% | View data |
