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Rockville, MD, Aug. 28, 2018 (GLOBE NEWSWIRE) -- The demand for fishing hooks is gaining pace due to lucrative opportunities across nations backed up by increasing count of fishing anglers at the global level. In addition, the advancement across the sector concerned with recreational fishing sport has also motivated the adoption of fishing hooks. In order to study the overall market growth across the fishing hooks sector, Fact.MR has framed a smart research study titled “Fishing Hooks Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028”, which focuses on the opportunities as well market size projections expected to transform in the coming years. According to research findings, the fishing hooks market is anticipated to record 2% CAGR during the forecast period (2018-2028).
The report highlights certain vital aspects such as, recreational fishing activities are influencing the fishing hooks manufacturing sectors; thereby creating significant demand for advanced hooks which support easy and efficient fishing. In addition, increasing demand for sea shore and salt water fishing is making way for high strength as well as corrosive resistant fishing hooks. The research study starts with the opportunity analysis (US$ Mn) followed by mega trends and competitive analysis. Under the market overview section, readers can acquire fundamental information offering precise insights associated to the global fishing hooks market. This is a resourceful market analysis that covers diverse facets such as key growth drivers, supply chain and forecast scenario. Moreover, Porter’s Five Forces analysis is also enclosed in the report for highlighting the degree of competition among major market players.
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The later section of the report carefully details about the market revenue analysis based on product type, material type, application and sales channel. On the basis of product type, the global fishing hooks market is categorized into worm hook, J hook, double & treble hook, octopus hook, circle hook, live bait hook, fly hook and others. The prime material types discussed in the assessment are alloy steel and high carbon steel. Based on application, fresh water and salt water are the key divisions studied in this report. Each of the segments examined in the report are considered on the basis of Y-o-Y growth comparison and market attractiveness analysis.
The recorded growth in the fishing hooks industry is preferably reinforced by the growing investments by leading companies to provide a base for recreational fishing. This trend works to expand the number of fishing days and has led to enhance the demand for fishing hooks; hence, driving the growth of its market. The final section of the report discourses knowledge about the company profiles of all the major manufacturers of fishing hooks from all around the world. Some of these prominent players such as Wright & Mcgill, Gamakatsu, Rapala VMC, Owner Hooks Co. Ltd., TIEMCO Ltd., Pure Fishing, Inc. (Berkley) and TTI-Blakemore Fishing Group, are studied on the basis of company revenue share, key developments, key strategies and SWOT analysis.
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