Fishing Waders

Global Market For Fishing Waders Is Projected To Expand More Than 2x Over The Coming Decade

Retail and Consumer Goods

Asia Pacific currently accounts for a majority of the demand for fishing waders, followed by North America. This is due to the fact that, China is a dominant fishing wader manufacturer and satisfies demand for fishing waders for consumers at economic prices. The booming e-Commerce sector is the most dominating distribution channel, which has the highest market value of US$ 4.6 Bn, and expected to grow even further over the coming years.

For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=5790

Neoprene fishing waders are most sought-after holding 34% market share in 2020, and are poised to follow the same trajectory in future. Relative high research & development spending on product innovation among manufacturers for new designs and quality material that enable lightweight and durable waders is expected to boost market growth during the forecast period of 2021 to 2031.

As per a new report published by Fact.MR, the fishing waders market is anticipated to expand at a CAGR of around 7% over the next ten years.

Key Takeaways from Market Study

  • The fishing waders market is anticipated to add approximately 2X value by 2031.
  • Increasing demand for eco-friendly and improved materials is anticipated to boost market growth during the forecast period.
  • Among the end users, fishing waders used by men has been the fastest-growing segment, experiencing a 4.5% annual growth rate.
  • Asia Pacific is set to most dominant market revenue in 2021, and is expected to gain 14 BPS by 2031.
  • The market for fishing waders of ‘large size’ is most dominant, having the highest market share in 2020 and is expected to rise at around 6% CAGR through 2031.
  • e-Commerce distribution channel is anticipated to experience the highest CAGR of over 6% during the forecasting period.
  • Due to the COVID-19 crisis, demand for fishing waders was impacted in 2020, which is poised to follow the same market trend for a short period of time.

Key Segments Covered

  • Product

    • Chest Fishing Waders
    • Hip Fishing Waders
    • Waist Fishing Waders
    • Breathable Fishing Waders
  • Style

    • Boot Foot Fishing Waders
    • Stocking Foot Fishing Waders
  • Material

    • Nylon Fishing Waders
    • Polyester Fishing Waders
    • Neoprene Fishing Waders
    • Rubber Fishing Waders
    • Others (Gore-Tex, etc.)
  • Size

    • Small Fishing Waders
    • Medium Fishing Waders
    • Large Fishing Waders
  • End User

    • Fishing Waders for Men
    • Fishing Waders for Women
    • Fishing Waders for Children
  • Distribution Channel

    • Online
      • E-commerce Websites
      • Company Owned Websites
    • Offline
      • Hypermarkets & Departmental Stores
      • Specialty Stores
      • Chain & Franchise Stores

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground.

  • In April 2020Great American Outdoors Group, the parent company of Bass Pro, partnered with Cabela’s to acquire Utah-based Sportsman’s Warehouse. The Great American Outdoors Group will remain a private company. Sportsman’s Warehouse was acquired for $18.00 per share in cash.
  • With an updated fit for enhanced mobility and proven 4MOST® DRY-PLUS™ waterproof technology, Cabela’s® has developed the Premium Breathable Stocking-Foot Fishing Waders for Men which offers great performance at an affordable price. Made of a super-tough, tightly woven micro denier nylon, these waders’ protective upper features triple-layered knees for maximized protection from abrasion and punctures.

 

Leave a Reply

Related Posts