About the Report
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.
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.
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 2020 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.
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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.
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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 2021 to 2031.
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Why is China a Huge Market for Fishing Waders?
Asia Pacific currently accounts for a majority of the demand for fishing waders, followed by North America. This is due to the fact that, China is a dominant manufacturer of fishing waders, providing them at cost-effective prices, which attracts consumers from across the globe.
Which Fishing Wader Material Will Observe Highest Demand in Asia Pacific?
Demand for different types of fish waders largely depends on several factors such as climate, temperature, type of activity, season, etc. Neoprene fish waders are extensively used for duck and goose hunting activities, and due to exceptional insulation of the material, their demand is relatively higher during winters than other seasons.
Neoprene fishing waders are popular across the Asia Pacific region, holding 34% of market share in 2020, and are poised to follow the same trajectory over the coming years.
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Which End User Will Create Highest Demand for Fishing Wader?
Different types of fishing waders are used for fishing or angling. Fishing waders also come in different styles such as boot foot waders and stocking foot waders. Market growth is projected to rely on a host of factors, including rise in the number of fishing hobbyists, growing consumer appetite for improved fishing experience, advent of new materials, and availability of cost-efficient fishing waders across online and offline sales channels.
Fishing waders used by men has been the fastest-growing segment, experiencing 4.5% of annual growth rate.
Which Distribution channel is More Likely to Generate High Demand for Fishing Waders?
e-Commerce has become an easier option for consumers across regions. Presently, consumers can avail various options to choose different types of fishing waders through e-Commerce platforms or company-owned websites. The e-Commerce distribution channel is anticipated to experience the highest CAGR of more than 8%, and hold the highest market share during the forecast period.
Which Fishing Wader Size is Most Likely to Witness High Demand from End Users?
At present, fishing wader manufacturers are expected to focus on enhancing the comfort levels of their products and roll out advanced fish waders that augment the overall fishing experience. The market large size fishing waders is huge, having the highest market share in 2020, and is expected to rise at around 6% CAGR through 2031.
How Has COVID-19 Impacted Sales of Fishing Waders?
Natural disasters and pandemics such as COVID-19 are unforeseen, and have affected all economies across the globe. COVID-19 has also resulted in impacting the demand for fishing waders, backed by imposition of lockdowns and social distancing standards. Moreover, interest from consumers is expected to decrease in the short term, especially in developed countries such as Norway, Australia, Japan, the U.S., and Canada.
These aforementioned players rely on a blend of organic and inorganic strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.
Technological innovations aimed at improving the manufacturing process of high quality materials and improve the designing of machinery to minimize raw material consumption and lower energy costs are expected to promote industry expansion over the forecast period.
However, exceptional insulation coupled with superior durability is a leading factor that is likely to drive the sales of neoprene fish waders over the coming years.
Similarly, recent developments related to fishing wader manufacturers and suppliers have been tracked by the team at Fact.MR, which are available in the full report.
Historical Data Available for
US$ Mn for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Available upon Request
Key Market Segments Covered
- Chest Fishing Waders
- Hip Fishing Waders
- Waist 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
- North America
- Asia Pacific
- Middle East & Africa
- South America
Fishing Waders Market - Scope of Report
A recent study by Fact.MR on the fishing waders market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of fishing waders.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing fishing waders, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of fishing waders across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of fishing waders during the forecast period. Price point comparison by region with global average price is also considered in the study.
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of volume (‘000 Units) and value (US$ Mn).
Market estimates at global and regional levels for fishing waders are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.
Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global fishing waders market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on demand for fishing waders has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of fishing waders, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of fishing waders has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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