Monofilament Fishing Line Trends and Forecast
The future of the global monofilament fishing line market looks promising with opportunities in the saltwater fishing and freshwater fishing markets. The global monofilament fishing line market is expected to reach an estimated $487.3 million by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing demand for sustainable fishing products and increasing popularity of recreational fishing activities.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Monofilament Fishing Line by Segment
The study includes a forecast for the global monofilament fishing line by type, application, and region.
Monofilament Fishing Line Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Below 0.20 mm
• 0.20-0.40 mm
• 0.40-0.80 mm
• Above 0.80 mm
Monofilament Fishing Line Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Saltwater Fishing
• Freshwater Fishing
Monofilament Fishing Line Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Monofilament Fishing Line Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies monofilament fishing line companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the monofilament fishing line companies profiled in this report include-
• PureFishing
• Sunline
• Sufix International
• Toray
• SHIMANO
• DAIWA
• Maxima Fishing Line
• Momoi
• Ultima
• Seaguar
Monofilament Fishing Line Market Insights
Lucintel forecasts that 0.20-0.40 mm is expected to witness the highest growth over the forecast period.
Within this market, saltwater fishing will remain the larger segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Monofilament Fishing Line Market
Market Size Estimates: Monofilament fishing line market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Monofilament fishing line market size by type, application, and region in terms of value ($M).
Regional Analysis: Monofilament fishing line market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the monofilament fishing line market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the monofilament fishing line market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the monofilament fishing line market size?
Answer: The global monofilament fishing line market is expected to reach an estimated $487.3 million by 2030.
Q2. What is the growth forecast for monofilament fishing line market?
Answer: The global monofilament fishing line market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the monofilament fishing line market?
Answer: The major drivers for this market are growing demand for sustainable fishing products and increasing popularity of recreational fishing activities.
Q4. What are the major segments for monofilament fishing line market?
Answer: The future of the monofilament fishing line market looks promising with opportunities in the saltwater fishing and freshwater fishing markets.
Q5. Who are the key monofilament fishing line market companies?
Answer: Some of the key monofilament fishing line companies are as follows:
• PureFishing
• Sunline
• Sufix International
• Toray
• SHIMANO
• DAIWA
• Maxima Fishing Line
• Momoi
• Ultima
• Seaguar
Q6. Which monofilament fishing line market segment will be the largest in future?
Answer: Lucintel forecasts that 0.20-0.40 mm is expected to witness the highest growth over the forecast period.
Q7. In monofilament fishing line market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the monofilament fishing line market by type (below 0.20 mm, 0.20-0.40 mm, 0.40-0.80 mm, and above 0.80 mm), application (saltwater fishing and freshwater fishing), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Monofilament Fishing Line Market, Monofilament Fishing Line Market Size, Monofilament Fishing Line Market Growth, Monofilament Fishing Line Market Analysis, Monofilament Fishing Line Market Report, Monofilament Fishing Line Market Share, Monofilament Fishing Line Market Trends, Monofilament Fishing Line Market Forecast, Monofilament Fishing Line Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.