The global fishing waders market is projected to expand at a CAGR of around 7% over the next ten years, with demand for weather-friendly and leakage-proof fishing waders expected to rise at a rapid pace across regions. A fishing wader is a waterproof outdoor clothing that covers the human body from chest to foot.
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Waders function like waterproof boots and shoes, but with greater benefits such as providing a waterproof layer from the chest to the feet. The booming e-Commerce sector is the most dominating distribution channel with the highest market value of US$ 4.6 Bn, and is expected to expand further over the coming years. Foremost objective of the report by Fact.MR on fishing waders is to pitch insights on the market scenario, demand generators, and technological advancements in this space.
The report provides a taxonomy elaborating on key segments. The report also outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends and pricing analysis, along with key success factors. Market trends have been tracked in 20+ high-growth countries, pointing towards countries in North America, Europe, Asia Pacific, the Middle East & Africa, and South America holding substantial market share.
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Historical Trends Vs. Future Market Projections
The market exhibited a CAGR of around 4.7% over the historical period of 2016–2020. Rising demand for fishing waders from end users will boost market growth at a CAGR of around 7% during the forecast period (2021-2031).
The beginning of the novel COVID-19 pandemic in 2024 partially affected market expansion. Interest from consumers decreased because of lockdowns and social distancing norms, especially in developed countries such as Norway, Australia, Japan, the U.S., Canada, and this is likely to remain consistent of the short term.
- Short-run: Recovery growth of the market is set to be observed over this term.
- Medium-run: Demand and price normalization are set to be observed over this period.
- Long-run: Advanced material that enables lightweight and more durable waders will arrive.
Demand for waterproof fishing waders, breathable fish waders, neoprene Fish waders, nylon fishing waders, polyester fishing waders, and rubber fishing waders has been increasing substantially over the years, and will continue to do so.
What are the Key factors Surging Demand for Fishing Waders?
Increasing demand for eco-friendly fishing waders from fishing hobbyists, growth of the fishing & aquaculture sector, technological advancements, and entry of fishing waders with optimal designs and improved materials are anticipated to boost demand growth during the forecast period.
Several players are investing in research & development to manufacture high quality products and procure environment-friendly raw materials, which is expected to drive market growth substantially over the coming years.
Why are Investments Rising in the Fishing Waders Industry?
Technological advancements and progress in the fishing textile sector have given the opportunity to use different types of materials for fishing waders. Manufacturing industries are spending a lot of money on advancements of material to make them weather-friendly, temperature-resistant, durable, and lightweight.
Which Region Offers Great Potential for Fishing Waders?
Asia Pacific dominates the global market and is expected to continue its dominance in terms of both, revenue generation and CAGR. China is a dominant fishing wader producer, and rise in demand for fishing waders at cheaper prices remains the preferred choice among consumers across the globe. Moreover, strong product innovation among manufacturers with new designs and quality material that enable lightweight and durable waders is expected to boost the market during the forecast period of 2024 to 2031.
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The Fishing Waders market report answers important questions which include:
- What does the status of the Fishing Waders market look like after the forecast period?
- Which region has the highest contribution to the global Fishing Waders market and why?
- Which players remain at the top of the global Fishing Waders market?
- What opportunities are available for the Fishing Waders market players to expand their production footprint?
- Which segment has the maximum impact on the global Fishing Waders market?
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