Fishing Equipment - Dominican Republic
Dominican Republic- In the Dominican Republic, the Fishing Equipment market generates a revenue of US$39.9m in 2024.
- It is anticipated that the market will experience an annual growth rate of 6.21% (CAGR 2024-2029).
- When compared to other countries globally, China leads the market with a revenue of US$6.2bn in 2024.
- In terms of per capita income, each individual in the Dominican Republic generates a revenue of US$3.49 in 2024.
- The demand for high-quality fishing equipment in the Dominican Republic has been steadily increasing due to the country's rich fishing culture and growing tourism industry.
Definition:
Fishing equipment refers to tools and accessories used for catching fish in various water bodies, such as oceans, lakes, and rivers. The equipment can be broadly classified into two categories: tackle and gear. Tackle refers to the fishing rods, reels, lines, hooks, and lures, while gear includes accessories such as nets, waders, fish finders, and tackle boxes. The fishing equipment market is highly dependent on factors such as the popularity of recreational fishing, technological advancements in equipment design, and the availability of fish species.
Additional Information:
The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Newell Brands, Shimano, Rapala VMC, and Pure Fishing. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- Hooks and lines
- Lures and bait
- Reels and rods
- Fish landing nets
- Other fishing equipment
Out-Of-Scope
- Fishing vests, pants, and other sports apparel
- Rubber boots and other sports footwear
