Saudi Arabia Fishing Equipment Market Research Report, 2028

Saudi Arabia Fishing Equipment Market Research Report, 2028

Actual Market Research 31-03-2023 60 Pages Figures : 5 Tables : 18 Region : MEA Country : United Arab Emirates Category : Consumer Goods & Services Leisure

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The fishing equipment market in Saudi Arabia is relatively small compared to other countries in the Middle East, but it is growing rapidly. The market is driven by the increasing demand for fishing equipment from both recreational and commercial fishermen. Recreational fishing is becoming increasingly popular in Saudi Arabia, particularly in coastal cities such as Jeddah and Dammam. As a result, there is a growing demand for fishing equipment such as rods, reels, lines, hooks, and lures. The Saudi Arabia fishing equipment market is expected to witness a steady growth rate in the coming years due to the rising interest in recreational fishing, increased government support for the development of the fishing industry, and the growing popularity of fishing as a leisure activity. The recreational fishing equipment segment is expected to experience the highest growth in the market, driven by the growing interest in outdoor activities and the country's focus on promoting tourism. The commercial fishing equipment segment is also growing, supported by the government's initiatives to expand the country's fishing industry and promote the export of fish and seafood products. According to the research report, "Saudi Arabia Fishing Equipment Market Research Report, 2028" published by Actual Market Research, The Saudi Arabia Fishing Equipment market is projected to reach market size of approximately USD 53 Million by 2028. There is an opportunity for manufacturers to differentiate themselves in the market by developing innovative fishing equipment products that cater to the unique needs of Saudi Arabian fishermen. The fishing industry is an important contributor to the Saudi Arabian economy. It provides employment opportunities for thousands of people and generates revenue through the export of seafood. Fishing equipment is essential for the success of the fishing industry, as it enables fishermen to catch fish efficiently and effectively. Fishing is an important source of food for the people of Saudi Arabia. The country has a long coastline and abundant marine resources, and seafood is a key part of the local diet. Fishing equipment is essential for catching fish and other seafood, which helps to ensure food security for the population. There have been various innovations in fishing equipment in Saudi Arabia in recent years, particularly in response to the increasing demand for fish and seafood in the country. Some of these are; with the goal of reducing the country's dependence on imported fish, Saudi Arabia has invested heavily in aquaculture technology. Fish farms have been established in various parts of the country, and advanced fish farming equipment, such as fish feeders, fish grinders, and oxygen injectors, are being used to enhance fish growth and production. Saudi Arabia has a long coastline and a rich marine ecosystem, making fishing a significant industry in the country. Innovations in fishing boats have made fishing more efficient and sustainable. Modern boats are equipped with advanced navigation systems, fish finders, and communication devices to improve the accuracy of fish location and catch rates. Innovations in fishing gear have also helped to increase catch rates and reduce bycatch in Saudi Arabia. With the growing demand for fish and seafood products, modern fish processing equipment, such as filleting machines, skinning machines, and packing machines, have been introduced in Saudi Arabia. This equipment helps to increase the efficiency of fish processing and reduce waste. Fishing tournaments are becoming increasingly popular in Saudi Arabia, and there are several fishing equipment tournaments that take place in the country. Some of the popular fishing tournaments in Saudi Arabia are; Red Sea International Fishing Tournament, King Salman International Cup, Al-Dammam Fishing Tournament, Jeddah Fishing Festival. The fishing equipment market in Saudi Arabia is primarily divided based on the type of water, i.e., saltwater and freshwater. Both saltwater and freshwater fishing have significant economic importance in the country, and the fishing equipment market for both types of water is growing. The Saudi Arabian fishing equipment market is divided into saltwater and freshwater fishing equipment markets, and the demand for each type of equipment is determined by the popularity of the respective fishing activities. The saltwater fishing equipment market is larger due to the country's long coastline and rich marine ecosystem, while the freshwater fishing equipment market is growing due to increasing popularity among the youth. The Saudi Arabian government has established several regulations and laws that govern the fishing equipment market in the country. These regulations aim to protect the marine ecosystem, promote sustainable fishing practices, and ensure the safety of fishermen and consumers. Fishing equipment vendors must ensure that the equipment they sell complies with these regulations to avoid legal penalties. There are several retail stores and online shopping platforms for fishing equipment in Saudi Arabia. Some of the popular retail stores for fishing equipment in the country are; Al-Khonaini, Al-Fadiliyah, Al-Jazira Sports, Bin Dawood. There are also several online shopping platforms for fishing equipment in Saudi Arabia. Some of the popular online shopping platforms for fishing equipment in the country are; Souq.com, Desertcart, Ubuy. There are several fishing equipment brands available in Saudi Arabia. Some of the popular fishing equipment brands in the country are; Shimano, Daiwa, pen, Abu Garcia, Rapala. Considered in this report • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Saudi Arabia Fishing Equipment market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Hooks • lines • Sinkers & floats • Rods • Reels • Nets & Traps • Spears& Gaffs • Baits & Lures. • Others By Nature • Fresh water • Salt water • Fly Fishing By Distribution Channel • Online • offline The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the Fishing Equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

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