Malaysia Fish Hunting Equipment Market Outlook (2021-2027) | Value, Share, Analysis, COVID-19 IMPACT, Trends, Growth, Revenue, Companies, Forecast, Size & Industry

Malaysia Fish Hunting Equipment Market is projected to grow over the coming years. Malaysia Fish Hunting Equipment Market report is a part of our periodical regional publication Asia Pacific Fish Hunting Equipment Market outlook report. 6W tracks fish hunting equipment market for over 60 countries with individual country-wise market opportunity assessment and publish with the report titled Global Fish Hunting Equipment Market outlook report annually.

Malaysia Fish Hunting Equipment market report comprehensively covers the market by product types, distribution channels, and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Fish Hunting Equipment Market Synopsis

Malaysia fish hunting equipment market is projected to grow in the forecast period owing to a surge in fish flying spots and increasing anglers in the country. Along with this, the rising number of fishing associations and recreational fishing clubs are also contributing to the market growth. Further, heavy investment by sports fishermen in high-quality fishing rods is also anticipated to boost the sales of fish hunting equipment in Malaysia during the forecast period.

According to 6Wresearch, Malaysia Fish Hunting Equipment Market size is projected to grow at a CAGR of 7.2% during 2021-2027. The industries and market for fish have been badly impacted due to the Covid-19 outbreak which has also led to a dramatic fall in the prices of fish hunting equipment. As the cause of the outbreak is related to the seafood market, the global fish industry is also bearing the consequences of the same. Therefore, the activities of fishing have gone down and this has affected the sales of the fish hunting equipment market in Malaysia as well. Although, the market is expected to pick up the pace as soon as the economy resumes to normalcy.

Market Analysis By Product Types

The overall fish hunting equipment market in Malaysia was dominated by fishing reels in 2020 as they form an indispensable part of fish hunting equipment. Further, several fishing equipment advancements in the three categories of fishing reels - spinning reels, casting reels, fly fishing reels is expected to surge the demand for this equipment, which in turn would lead to the growth in revenues of the fish hunting equipment market in Malaysia. Baits and lures are expected to register the highest growth rate in the forecast period among all the product types owing to continuous product development. These new advances are expanding the application of baits & lures among anglers at a large scale, which is likely to ramp up the sales of these fish hunting equipment in the near future.

Market Analysis By Distribution Channels

In 2020, by distribution channels, specialty stores dominated the segment due to the availability of a large variety of fishing tackles in these outlets. Fishermen usually prefer to buy from specialty stores as it offers hands-on experience of the fish hunting equipment. In addition, assistance by shop owners and in-store salespersons imparting knowledge about the application of these equipment has increased the preference for store purchases. However, the surge in online shopping as a result of rising awareness as well as increased convenience is fueling the growth of the online channel for fishing equipment in Malaysia.

 

Key Highlights of the Report:

• Malaysia Fish Hunting Equipment Market Outlook
• Market Size of Malaysia Fish Hunting Equipment Market, 2023
• Forecast of Malaysia Fish Hunting Equipment Market, 2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Revenues & Volume for the Period 2020-2030
• Malaysia Fish Hunting Equipment Market Trend Evolution
• Malaysia Fish Hunting Equipment Market Drivers and Challenges
• Malaysia Fish Hunting Equipment Price Trends
• Malaysia Fish Hunting Equipment Porter's Five Forces
• Malaysia Fish Hunting Equipment Industry Life Cycle
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Products for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Rods for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Reels for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Fishing Line for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Hooks for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Fishing Lures for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Types for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Saltwater for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Freshwater for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Offline Retail for the Period 2020-2030
• Historical Data and Forecast of Malaysia Fish Hunting Equipment Market Revenues & Volume By Online Stores for the Period 2020-2030
• Malaysia Fish Hunting Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Products
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Distribution Channel
• Malaysia Fish Hunting Equipment Top Companies Market Share
• Malaysia Fish Hunting Equipment Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Fish Hunting Equipment Company Profiles
• Malaysia Fish Hunting Equipment Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Types 

• Fishing Rods
• Fishing Reels
• Baits and Lures
• Others (Hooks and Lines)

By Distribution Channels 

• Hypermarkets/ Supermarkets
• Specialty Stores
• Online
• Others (Mom n Pop Stores, Departmental Stores)

By Regions 

• Peninsular Region (West Malaysia
• Malaysia Timur (East Malaysia)