The fishing reels market in 2023 saw South Korea leading with $150.32 million, followed by France and the United Kingdom, with values of $109.9 million and $89.294 million respectively. Notable volume changes from 2022 indicate significant growth in the United Kingdom (4.19%) and a decline in Germany (-3.02%). Comparative figures also highlighted burgeoning growth in Slovakia (2.49%) and Austria (2.98%). Over a five-year span, the overall growth landscape experienced a mixed dynamic with varying CAGR, spotlighting nations adapting differently to market and consumer demands.
Future trends to watch include the impact of sustainability factors shaping consumer preferences towards eco-friendly products, potential technological advancements in fishing reels, and regulatory changes affecting supply chains. Countries aligning their strategies to emerging consumer interests are likely to experience robust growth in this market segment.
Top countries in Fishing Reels Market Size Value by Country
# | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 South Korea | 150,320,000 | 2023 | +9.06% | +3.66% | View data |
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 |
6 | 6 Canada | 78,956,000 | 2023 | -0.34% | -1.84% | View data |
7 | 7 Spain | 34,170,000 | 2023 | -0.71% | -1.53% | View data |
8 | 8 Sweden | 32,579,000 | 2023 | +1.79% | +0.85% | View data |
9 | 9 Brazil | 20,250,000 | 2023 | -4.94% | -3.23% | View data |
10 | 10 Austria | 19,602,000 | 2023 | +3.17% | +2.98% | View data |