Fishing waders sales are expected to be valued at US$ 2 Bn by 2031

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.

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.

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Key findings of the Fishing Waders market study:

·         Regional breakdown of the Fishing Waders market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Fishing Waders vendors in detail.

·         Region-wise and country-wise fragmentation of the Fishing Waders market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Fishing Waders market.

Competitive Landscape:

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.

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Queries addressed in the Fishing Waders market report:

·         Why are the Fishing Waders market players targeting region for increased product sales?

·         What patented technologies are the players utilizing in the global Fishing Waders market?

·         Which regions are displaying the fastest growth in the Fishing Waders market?

·         What are the underlying micro- macroeconomic factors affecting the global Fishing Waders market?

 

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