Fishing Waders Market
Fishing Waders Market By Product (Chest Fishing Waders, Hip Fishing Waders, Waist Fishing Waders, Waist Fishing Waders), By Style (Boot Foot Fishing Waders, Stocking Foot Fishing Waders), By Material, By Size, By End User - Regional Forecast, 2021-2031
Fishing Waders Market Outlook
The global market for fishing waders is projected to expand more than 2x over the coming decade. As per the study, the market is anticipated to reach US$ 2 Bn in valuation by 2031. Sales of breathable waders are poised to expand the fastest, clocking a CAGR exceeding 7% across the forecast period.
Key Points Covered in Fishing Waders Industry Survey:
- Market Estimates and Forecasts 2016-2031
- Key drivers and restraints shaping market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Fishing Waders and How to Navigate
- Recommendations on Key Winning Strategies
Sales Analysis of Fishing Waders from 2016-2020 Vs Future Outlook 2021-2031
As per Fact.MR’s latest intelligence report, the market expanded at a moderate CAGR of 4.7% during the historic period 2016-2020. Mounting participation in outdoor recreational activities in the past few years in various developing countries around the world, which increases spending on traveling among users.
For instance, in 2018, about 47% of the U.S. population over the age of six took part in an outdoor activity at least once, which is expected to drive the fishing waders market in the coming years. As of 2020, prospects temporarily dimmed, attributed to recessionary trends ushered in by the COVID-19 pandemic.
Future demand is likely to be reliant on the unwavering demand for fish and other marine resources- both for food consumption as well as utilization across multiple end-use industries. The market is poised to expand at a CAGR of 7.3% from 2021 to 2031, attributed to aforementioned trends.
How is Burgeoning Aquaculture Output Impelling Fishing Waders Demand?
Cumulative demand for eco-friendly fishing waders from fishing hobbyists, evolution of the fishing & aquaculture sector, technological advancements, and entry of fishing waders with ideal designs and upgraded materials are projected to boost demand growth during the forecast period.
According to the Food & Agriculture Organization, global fish production is estimated to have reached 179 million tons in 2018. As per its report, a 14% increase in global capture fisheries production was witnessed between 1990 and 2018, contributing a 527% rise in global aquaculture production.
In industrialized nations, majority of this proportion of seafood originates from a small number of commercial fishers and aquaculture. Furthermore, 1 in 10 people fish for pleasure, contributing at least 220 million recreational fisheries worldwide. Hence, demand for proper fishing equipment, including fishing waders, is on the rise.
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How are Advanced Fabric Technologies Spurring Development of Fishing Waders?
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.
For instance, Patagonia Works has been offering an exclusive range of waders of men and women since 2016. These six new styles range from lightweight wading pants to highly versatile front zip silhouette. All these waders are equipped with Patagonia’s proprietary 4-layer H2No Performance Standard Fabric.
Similarly, Azuki offers its PVC Bootfoot Wader- a durable and traditional PVC wader design. These waders are made from durable and waterproof 4 mm neoprene which are glued, stitched and taped for added robustness. Furthermore, the wader is manufactured from 100% waterproof PVC designs.
Why are Neoprene Fishing Waders Influencing Consumer Preferences?
The augmented popularity of fly fishing has profited the industry by placing an emphasis on both comfort and function. This new trend is most apparent in the development in wader technology.
Neoprene waders, commonly referred to as Rubber Pants, are old technology. Today, the fly-fishing industry overwhelming prefers breathable, lightweight waders. Not only are these waders more comfortable, they are also more functional during various fishing conditions and locales.
For instance, top of the line lightweight waders features Gore-Tex® linings for increased comfort and breathability. The Gore-Tex® lining helps wick away moisture to keep you cool during the summer and warm in the winter.
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How are Rising Fishing Accidents Increasing Wader Adoption in the U.S?
According to Pennsylvania Fish and Boat Commission, drowning is the second most leading cause of death in the U.S. Also, from 2010-2014, 188 commercial fishing fatalities occurred in the U.S- with vessel disasters and falls overboard remaining primary contributors.
Falls overboard have resulted in 24 deaths, 4 of which were caused by entanglements, during the same period. Sinking, capsizing or other ship abandonment incidents account for 33% of all fatalities, mostly due to vessel instability or being hit by violent sea waves.
Keeping in mind the aforementioned statistics, the scope for fishing waders is increasing across the country. For instance, Foxelli offers a range of Chest Fishing Waders which are 100% waterproof, extremely durable and made from 4 mm thick neoprene material. They are also resistant to rips and tears, mitigating drowning risks. Fact.MR anticipated the U.S market to surge at around 6% CAGR until 2031.
How is Rising Recreational Fishing Pushing up Sales of Fishing Waders in China?
According to Fact.MR, China is expected to emerge as an opportunistic hub for fishing waders sales until 2031. A CAGR worth 5.8% is projected for the market in China. Demand is bound to accelerate on the back of a flourishing recreational fishing industry.
Since the dawn of the 21st century, recreational fisheries in China have been developing rapidly. Total economic value of recreational fisheries increased from 5.4 billion Yuan in 2003 to 90.2 Billion Yuan in 2018. This accounts for over 63% of recreational value for the entire country.
In recent years, progressive government policies to encourage recreational fishing have increased manifold. In 2000, the Fisheries Bureau of Ministry of Agriculture proposed in its objectives of recreational fisheries that it should be permitted where conditions are most favorable. Hence, a 22.6% increase in output was witnessed between 2006 and 2010. Moreover, efforts are underway to promote recreational fishing as a possible sustainable alternative.
Why are Breathable Waders Garnering Major Traction?
With the emerging trend of hobbyist fishing, demand of breathable waders among men and women have skyrocketed in past half decade. It’s generally accepted that the versatility and comfort of breathable waders makes them an essential part of the fly fisher’s wardrobe. A CAGR of 7.3% is projected for this segment.
For instance, Cabela's® Waterproof Breathable Hunting Waders for Men offer field-tested toughness with modern features and design. Made of a three-layer fabric that combines a nylon tricot inner layer and durable exterior shell with a waterproof/breathable 4MOST DRY-PLUS membrane layer in between, the wader's breathable uppers offer unsurpassed comfort and mobility in the marsh or field.
How have Neoprene Fishing Waders Influenced Aquaculture?
Neoprene fishing waders are most sought-after, holding 34% market share in 2020, and are poised to follow the same trajectory in future. Relatively high research & development spending on product innovation among manufacturers for new designs and quality material that enable lightweight and durable waders is expected to boost market growth during the forecast period.
Neoprene waders comprise of rubber material filled with tiny nitrogen bubbles. This imparts physical toughness as well as insulation properties, providing inherent warmth, especially in winters. Additionally, they are highly waterproof in nature.
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Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground.
- In April 2020, Great American Outdoors Group, the parent company of Bass Pro, partnered with Cabela’s to acquire Utah-based Sportsman’s Warehouse. The Great American Outdoors Group will remain a private company. Sportsman’s Warehouse was acquired for $18.00 per share in cash.
- With an updated fit for enhanced mobility and proven 4MOST® DRY-PLUS™ waterproof technology, Cabela's® has developed the Premium Breathable Stocking-Foot Fishing Waders for Men which offers great performance at an affordable price. Made of a super-tough, tightly woven micro denier nylon, these waders' protective upper features triple-layered knees for maximized protection from abrasion and punctures.
|Market Size Value in 2021||USD 983 Million|
|Market Value Forecast in 2031||USD 2 Billion|
|Growth Rate||CAGR of 7.3% from 2021-2031|
|Historical Data Available for||2016-2020|
|Market Analysis||US$ Mn for Value & 000 Units for Volume|
|Key Regions Covered||
|Key Countries Covered||
|Key Companies Profiled||
Key Segments Covered
- Chest Fishing Waders
- Hip Fishing Waders
- Waist Fishing Waders
- Breathable Fishing Waders
- Boot Foot Fishing Waders
- Stocking Foot Fishing Waders
- Nylon Fishing Waders
- Polyester Fishing Waders
- Neoprene Fishing Waders
- Rubber Fishing Waders
- Others (Gore-Tex, etc.)
- Small Fishing Waders
- Medium Fishing Waders
- Large Fishing Waders
- Fishing Waders for Men
- Fishing Waders for Women
- Fishing Waders for Children
- E-commerce Websites
- Company Owned Websites
- Hypermarkets & Departmental Stores
- Specialty Stores
- Chain & Franchise Stores
- FAQs -
As of 2021, the fishing waders market is expected to be valued at US$ 983 Mn
From 2016 to 2020, sales of fishing waders expanded at 4.7% CAGR, according to Fact.MR
The market for fishing waders is likely to bolster at a growth rate of 7.3% from 2021-2031
Fishing waders sales are expected to be valued at US$ 2 Bn by 2031
As global aquaculture output expands, demand for high-grade fishing equipment is surging, impelling demand for fishing waders
The U.S expected to be the fastest growing market, clocking a 6% CAGR until 2031
Sales of fishing waders in China are anticipated to impel at a CAGR of 5.8% across the forecast period
Cabela's LLC, Columbia Sportswear Company, Caddis Waders, Pure Fishing Inc., Gator Waders LLC, Redington, Pacific Eagle Enterprise Co., Ltd, Simms Fishing Products, Patagonia, Inc., The Orvis Company Inc etc. included in the report.
Breathable fishing waders are likely to be most sought after, expanding at a CAGR of over 7%
Fishing waders made from neoprene are likely to capture 34% revenue share by 2031
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