Reel Clamp and Finger Grip Assembly
By Jesse R. Goodrich, Inventor
Approximately 35.2 million people, or roughly one in six Americans age 16 and older choose to spend a great deal of money on sport fishing. The overall average is about $1,100 per person annually that includes everything from spending a few bucks at the local bait shop to the cost of a distance bass-fishing trip.
Of the $37.8 billion total spent by anglers in 1996, $15.4 billion was for travel-related costs while another $19 billion went for equipment ranging from reels and fishing lures to sport-utility vehicles, and boats Another $23 billion was spent on land leases or land ownership for fishing, and about $570 million went for fishing licenses, permits, and fees. This data was obtained from the 1996 United States Fish, and Wildlife Service National Survey of Fishing, Hunting, and Wildlife Associated Recreation conducted every five years in conjunction with the U.S. Census Bureau. This survey also noted that aggregate spending on sport fishing increased in real dollars by an amazing 36 percent in the five years since the last survey taken in 1991 when the total was $27 billion (adjusted for inflation to 1996 dollars).
In 1996, $2.3 billion was spent on rods, reel, poles and rod making components alone. With a quality saltwater rod and reel combination costing approximately $80.00 on average retail, then 28.8 million sets are sold annually. If one-third of those sets consisting of the conventional reel and rod that the "Reel Clamp and Finger Grip assembly" can be readily assembled, then 8.69 million sales are possible annually. At $10.00 per unit the maximum revenue at the retail level will be within $86.9 million annually with a manufacturing cost less than $0.75 per unit not including tooling and initial startup cost.
For further data for financial analysis, see the January 30,2001 issue of the American Sportfishing Association titled " The Economic Importance of Sport Fishing " an economic study on sport fishing throughout the United States. The website for this information is as follows: www.asafishing.org/statistics/demoecon.htm.
Additional information can be found in the 1996 United States Fish, and Wildlife Service National Survey of Fishing, Hunting, and Wildlife Associated Recreation conducted every five years in conjunction with the U.S. Census Bureau. Contact the Responsive Management National Office, 130 Franklin Street, Harrisonburg, Va. 22801, (540)432-1888.
SPORTING GOODS SALES REACH $45.8 BILLION IN 2002; NSGA EXPECTS
2% GROWTH IN 2003