Fishing Equipment - Lesotho
Lesotho- in Lesotho, a country known for its natural beauty and stunning landscapes, also has a presence in the Fishing Equipment market.
- In 2024, the revenue in this market segment amounts to US$9.0m.
- Looking ahead, the market is expected to experience an annual growth rate of 6.41% from 2024 to 2029, as measured by the compound annual growth rate (CAGR).
- When comparing in Lesotho to other countries on a global scale, it is important to note that the majority of revenue is generated China.
- In 2024, [globalrevenue_currentlayer_yeartoday_maxcountrynameprep]'s revenue in the Fishing Equipment market is projected to reach a staggering US$6.2bn.
- This highlights the significant market dominance of China in this particular industry.
- To gain a better understanding of the market's penetration withLesotho, it is essential to consider the per person revenues.
- In 2024, the per person revenue generated in the Fishing Equipment market is estimated to be US$3.83.
- This figure provides insight into the average contribution of each individual towards the overall revenue in the country.
- Within the Fishing Equipment market, Lesotho's position may not be as prominent as that of China, but it still plays a role in this industry.
- As in Lesotho continues to develop and explore its potential, it will be interesting to observe how its presence in the Fishing Equipment market evolves in the coming years.
- Despite being a landlocked country, Lesotho has seen a rise in the demand for fishing equipment due to its numerous rivers and dams.
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
