Indonesia Fishing Reels Market (2024-2030) Outlook | Industry, Share, Growth, Revenue, Companies, Analysis, Value, Forecast, Trends & Size

Indonesia Fishing Reels Market Synopsis

The fishing reels market in Indonesia is expected to grow at a significant rate during the forecast period (2021-2026). This growth can be attributed to rising demand for recreational activities, changing lifestyle patterns, and increasing disposable income. Moreover, technological advancements such as light weight materials used in the manufacture of fishing reels have augmented their popularity among anglers. With an increase in awareness about aquatic resources conservation and sportsfishing, there has been a surge in the sale of quality fishing gear including reels.

Market Trends

There has been a growing trend towards purchasing lightweight reels due to their increased portability compared to traditional models. Furthermore, with technological advancement and innovation by leading players like Shimano Fishing Reel Company Ltd., Abu Garcia Holding AB and Daiwa Corp., advanced features like anti-reverse systems are being integrated into fishing reels which provide smoother performance while casting lines or retrieving lures. Additionally, multi-functionality is another key feature that is gaining immense traction amongst consumers looking for more versatile products.

Market Drivers

The primary driver of growth within the Indonesia market for fishing reels is the increasing disposable income coupled with changes in lifestyle over recent years which have led many people from all age groups shifting towards leisure activities like recreational sportfishing - thereby driving up sales of gears required for it alongwith other related accessories as well as services offered by vendors/retailers.. In addition to this, high population density has resulted in an exponential rise in freshwater bodies available across various provinces thereby making fresh water sportfishing popular amongst anglers looking for some relaxation away from city life thus driving further demand for these products & services associated with it resulting higher revenues & profits.

COVID-19 Impact on the Market

The COVID-19 pandemic has had a major impact on the global fishing reels market. The pandemic has resulted in travel restrictions and social distancing norms, making it difficult for people to go outdoors and take part in recreational activities such as fishing. This has led to reduced demand for fishing reels across the world. Moreover, due to supply chain disruptions caused by the pandemic, many manufacturers of fishing equipment have been unable to meet customer orders on time.

Challenges of the Market

One of the key challenges faced by manufacturers is the increasing cost of raw materials used in manufacturing these products. In addition, there is intense competition among various players operating in this market that makes it difficult for companies to differentiate themselves from their competitors and sustain their competitive advantage over other players. Furthermore, low consumer confidence due to economic slowdown caused by COVID-19 could also challenge industry growth prospects over the coming years.

Industry Key Players

Some of the key players operating in Indonesia Fishing Reel Market include Shimano Inc., Daiwa Corporation, Fin-Nor Ltd., Quantum Fishing Inc., Penn Fishing Tackle Mfg Co., Abu Garcia Greys Distribution Company Ltd., Zebco Brands LLC, Fenwick International SRL and Mitchell Manufacturing Corp among others.

Key Highlights of the Report:

• Indonesia Fishing Reels Market Outlook
• Market Size of Indonesia Fishing Reels Market, 2020
• Forecast of Indonesia Fishing Reels Market, 2027
• Historical Data and Forecast of Indonesia Fishing Reels Revenues & Volume for the Period 2023 - 2027
• Indonesia Fishing Reels Market Trend Evolution
• Indonesia Fishing Reels Market Drivers and Challenges
• Indonesia Fishing Reels Price Trends
• Indonesia Fishing Reels Porter's Five Forces
• Indonesia Fishing Reels Industry Life Cycle
• Historical Data and Forecast of Indonesia Fishing Reels Market Revenues & Volume By Type for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Fishing Reels Market Revenues & Volume By Spinning Reel for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Fishing Reels Market Revenues & Volume By Baitcasting Reel for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Fishing Reels Market Revenues & Volume By Spincast Reel for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Fishing Reels Market Revenues & Volume By Others for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Fishing Reels Market Revenues & Volume By Distribution Channel for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Fishing Reels Market Revenues & Volume By Online for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Fishing Reels Market Revenues & Volume By Offline for the Period 2023 - 2027
• Indonesia Fishing Reels Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Distribution Channel
• Indonesia Fishing Reels Top Companies Market Share
• Indonesia Fishing Reels Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Fishing Reels Company Profiles
• Indonesia Fishing Reels Key Strategic Recommendations