Fishing Equipment Market Size is projected to reach USD

New York, United States, July 10, 2023 (GLOBE NEWSWIRE) -- Any net, rope, line, float, trap, hook, winch, aircraft, or support vessel used for fishing is considered fishing equipment. There is no denying the importance of fishing gear, crafts, and equipment when fishing. No matter how proficient someone is at fishing or skilled as a fisherman, they will require fishing equipment. Specifically, fishing rod storage containers are necessary. In addition, technology has played an important role. Using crafts and equipment in fishing technology plays a vital part in boosting the industry's commercial viability. How and what kinds of nets are used to catch fish substantially affects the success of fishing.

Increased adoption of various online portals in growing regions and increased offers or discounts for fishing equipment encourage consumers to purchase fishing equipment through online channels. In addition, the Internet sales channel has extended its customer base, resulting in its development as an essential revenue source for many enterprises. In addition, the future growth of the online sales industry is predicted to be driven by the rapid development of Internet and mobile users in emerging nations. Increased e-commerce sales, improved logistical services, streamlined payment options, and the potential for major brands to enter new international markets all contribute to the growth of the fishing equipment market. The availability of saltwater fishing rods, lures, reels, and lines makes fishing in searing heat, tumultuous waves, and the innate aggression of the deep sea easier. Additionally, saltwater fishing equipment is durable and resistant to the corrosive effects of water, which is the current trend in the fishing equipment industry.

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The Growing Sports Fishing and Innovative Fishing Equipment to Drive the Global Fishing Equipment Market

Sport fishing is becoming increasingly prevalent across the globe. The term "sports fishing" refers to shellfish collection and recreational fishing. Furthermore, both saltwater and freshwater are suitable for sport fishing. Moreover, nations such as the United Kingdom and the United States are attempting to expand their fishing platforms, thereby expanding access to bodies of water for fishing and making it a popular sport. Diverse fishing associations, such as the American Sportsfishing Association, are organizing several fishing programs and activities to expand the number of anglers.

In addition, rods, lines, reels, hooks, and a wide variety of baits or lures, such as artificial flies, are the most popular fishing equipment used in competitive fishing. Moreover, the increasing popularity of fishing as a sport and recreational activity in nations such as the United States, the United Kingdom, China, and others has compelled governments to invest in the development of fishing activities and equipment, which also contributes to the growth of the fishing equipment market.

Principal market participants have announced the release of new fishing gear with updated technology. These companies have solved the problems experienced during fishing and created the required solutions for fishing sports. AguaDrone, the top maker of fishing equipment, has developed a drone for the sole purpose of capturing fish. Additionally, AguaDrone's appeal has surged among the younger generation and anglers with less patience for waiting. Thus, the quick advancement of technology in fishing equipment adds to market growth.

The Childing Fishing Equipment Availability to Create Global Fishing Equipment Market Opportunities

Children's increased interest in fishing and related activities has created new business opportunities for industry stakeholders. Additionally, fishing is becoming one of the most popular outdoor activities that children may participate in. In addition, parents are encouraging their children to begin fishing since it improves their focus and tolerance. In addition, a variety of equipment designed exclusively for children is available. These short rods include kid-friendly characters and equipment that is easier on small hands. Consequently, a rise in children's interest in fishing activities and the easy availability of fishing equipment for children are projected to stimulate the growth of the fishing equipment market.

Report Scope

Report Metric	Details
Market Size by 2030	USD 17,796 million
Market Size in 2021	USD 12,707 million
CAGR	4.3%
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type(Hooks ,Lines ,Sinkers & Floats ,Rods ,Reels ,Nets & Traps ,Spear & Gaffs ,Others), By Nature(Fresh Water ,Salt Water ,Fly Fishing), By Distribution Channel(Online, Offline)
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Rome Specialty Company, Inc., Daiwa Corporation, Pure Fishing, Inc., Sea Master Enterprise Co., Ltd., Maver UK Ltd, Jarvis Walker Pty, Inc., Pradco Outdoor Brands, Johnson Outdoors Inc., Okuma Fishing Tackle Co., Ltd, Tica Fishing Tackle
Key Market Opportunities	The Childing Fishing Equipment Availability
Key Market Drivers	The Growing Sports Fishing and Innovative Fishing Equipment

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Regional Insights

North America will command the market with the largest share while growing at a CAGR of 3.5%. The increase in the fishing equipment market in the region is primarily driven by population growth and improvements in living conditions. A rise in revenue in this region has a substantial impact on fishing equipment demand. In addition, the rising interest of adults and children in fishing in salt water, fly fishing, and freshwater contributes to the industry's growth. The US is the world's largest economy in terms of GDP, and its enterprises are more adaptable than those in Western Europe. In addition, this region has a higher prevalence of health-related goods. In addition, considerable spending on premium quality fishing equipment results from a high per capita income and an ongoing fishing trend.

Europe will expand at a CAGR of 5.2% during the forecast period. Increasing recreational fishing in Europe has increased the need for fishing equipment in the region. Moreover, children's increased interest in fishing and similar activities has created new commercial opportunities for European companies. Additionally, fishing is becoming one of the most popular outdoor hobbies among youngsters, which helps the growth of fishing equipment in this region. Europe has seen a quick transition in recent years due to the emphasis of European stakeholders on the usage of new technology. Therefore, technological advances boost the European fishing equipment market even further.

Key Highlights

The global fishing equipment market size had a revenue share of USD 12,707 million in 2021, presumed to reach USD 17,796 million, expanding at a CAGR of 4.3% during the forecast period.
Based on type, the hooks section is envisioned to expand at a CAGR of 2.7% and hold the largest market share.
Based on nature, the freshwater section is envisioned to expand at a CAGR of 3.5% and hold the largest market share.
Based on the distribution channel, the offline section is envisioned to grow at a CAGR of 4% and hold the largest market share.
Based on regional analysis, North America will command the market with the largest share while growing at a CAGR of 3.5%.

Competitive Players in the Market

Rome Specialty Company, Inc.
Daiwa Corporation
Pure Fishing, Inc.
Sea Master Enterprise Co., Ltd.
Maver UK Ltd
Jarvis Walker Pty, Inc.
Pradco Outdoor Brands
Johnson Outdoors Inc.
Okuma Fishing Tackle Co., Ltd
Tica Fishing Tackle

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Global Fishing Equipment Market: Segmentation

By type

Hooks
Lines
Sinkers & Floats
Rods
Reels
Nets & Traps
Spear & Gaffs
Others

By nature

Fresh Water
Salt Water
Fly Fishing

By distribution channel

Online
Offline

By region

North America
Europe
Asia-Pacific
LAMEA

Table Of Content

Executive Summary
Research Scope & Segmentation
1. Research Objectives
2. Market Definition
3. Limitations & Assumptions
4. Market Scope & Segmentation
5. Currency & Pricing Considered
Market Opportunity Assessment
1. Emerging Regions / Countries
2. Emerging Companies
3. Emerging Applications / End Use
4. Investment Landscape
5. New Business Models / Revenue Streams
6. TAM
Market Trends
1. Drivers
2. Market Warning Factors
3. Latest Macro Economic Indicators
4. Geopolitical Impact
5. Human Factors
6. Technology Factors
Market Assessment
1. Porters Five Forces Analysis
2. Value Chain Analysis
3. Sales And Distribution Channel Analysis
4. Average Pricing Analysis
5. Patent Analysis
6. M & A Agreements & Collabration Analysis
7. Export Import Analysis
ESG Trends
Global Fishing Equipment Market Size Analysis
1. Global Fishing Equipment Market Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Hooks
    1. By Value
  3. Lines
    1. By Value
  4. Sinkers & Floats
    1. By Value
  5. Rods
    1. By Value
  6. Reels
    1. By Value
  7. Nets & Traps
    1. By Value
  8. Spear & Gaffs
    1. By Value
  9. Others
    1. By Value
3. By Nature
  1. Introduction
    1. Nature By Value
  2. Fresh Water
    1. By Value
  3. Salt Water
    1. By Value
  4. Fly Fishing
    1. By Value
4. By Distribution Channel
  1. Introduction
    1. Distribution Channel By Value
  2. Online
    1. By Value
  3. Offline
    1. By Value
North America Market Analysis
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Hooks
    1. By Value
  3. Lines
    1. By Value
  4. Sinkers & Floats
    1. By Value
  5. Rods
    1. By Value
  6. Reels
    1. By Value
  7. Nets & Traps
    1. By Value
  8. Spear & Gaffs
    1. By Value
  9. Others
    1. By Value
3. By Nature
  1. Introduction
    1. Nature By Value
  2. Fresh Water
    1. By Value
  3. Salt Water
    1. By Value
  4. Fly Fishing
    1. By Value
4. By Distribution Channel
  1. Introduction
    1. Distribution Channel By Value
  2. Online
    1. By Value
  3. Offline
    1. By Value
5. U.S.
  1. By Type
    1. Introduction
      1. Type By Value
    2. Hooks
      1. By Value
    3. Lines
      1. By Value
    4. Sinkers & Floats
      1. By Value
    5. Rods
      1. By Value
    6. Reels
      1. By Value
    7. Nets & Traps
      1. By Value
    8. Spear & Gaffs
      1. By Value
    9. Others
      1. By Value
  2. By Nature
    1. Introduction
      1. Nature By Value
    2. Fresh Water
      1. By Value
    3. Salt Water
      1. By Value
    4. Fly Fishing
      1. By Value
  3. By Distribution Channel
    1. Introduction
      1. Distribution Channel By Value
    2. Online
      1. By Value
    3. Offline
      1. By Value
6. Canada
Europe Market Analysis
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Hooks
    1. By Value
  3. Lines
    1. By Value
  4. Sinkers & Floats
    1. By Value
  5. Rods
    1. By Value
  6. Reels
    1. By Value
  7. Nets & Traps
    1. By Value
  8. Spear & Gaffs
    1. By Value
  9. Others
    1. By Value
3. By Nature
  1. Introduction
    1. Nature By Value
  2. Fresh Water
    1. By Value
  3. Salt Water
    1. By Value
  4. Fly Fishing
    1. By Value
4. By Distribution Channel
  1. Introduction
    1. Distribution Channel By Value
  2. Online
    1. By Value
  3. Offline
    1. By Value
5. U.K.
  1. By Type
    1. Introduction
      1. Type By Value
    2. Hooks
      1. By Value
    3. Lines
      1. By Value
    4. Sinkers & Floats
      1. By Value
    5. Rods
      1. By Value
    6. Reels
      1. By Value
    7. Nets & Traps
      1. By Value
    8. Spear & Gaffs
      1. By Value
    9. Others
      1. By Value
  2. By Nature
    1. Introduction
      1. Nature By Value
    2. Fresh Water
      1. By Value
    3. Salt Water
      1. By Value
    4. Fly Fishing
      1. By Value
  3. By Distribution Channel
    1. Introduction
      1. Distribution Channel By Value
    2. Online
      1. By Value
    3. Offline
      1. By Value
6. Germany
7. France
8. Spain
9. Italy
10. Russia
11. Nordic
12. Benelux
13. Rest of Europe
APAC Market Analysis
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Hooks
    1. By Value
  3. Lines
    1. By Value
  4. Sinkers & Floats
    1. By Value
  5. Rods
    1. By Value
  6. Reels
    1. By Value
  7. Nets & Traps
    1. By Value
  8. Spear & Gaffs
    1. By Value
  9. Others
    1. By Value
3. By Nature
  1. Introduction
    1. Nature By Value
  2. Fresh Water
    1. By Value
  3. Salt Water
    1. By Value
  4. Fly Fishing
    1. By Value
4. By Distribution Channel
  1. Introduction
    1. Distribution Channel By Value
  2. Online
    1. By Value
  3. Offline
    1. By Value
5. China
  1. By Type
    1. Introduction
      1. Type By Value
    2. Hooks
      1. By Value
    3. Lines
      1. By Value
    4. Sinkers & Floats
      1. By Value
    5. Rods
      1. By Value
    6. Reels
      1. By Value
    7. Nets & Traps
      1. By Value
    8. Spear & Gaffs
      1. By Value
    9. Others
      1. By Value
  2. By Nature
    1. Introduction
      1. Nature By Value
    2. Fresh Water
      1. By Value
    3. Salt Water
      1. By Value
    4. Fly Fishing
      1. By Value
  3. By Distribution Channel
    1. Introduction
      1. Distribution Channel By Value
    2. Online
      1. By Value
    3. Offline
      1. By Value
6. Korea
7. Japan
8. India
9. Australia
10. Taiwan
11. South East Asia
12. Rest of Asia-Pacific
Middle East and Africa Market Analysis
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Hooks
    1. By Value
  3. Lines
    1. By Value
  4. Sinkers & Floats
    1. By Value
  5. Rods
    1. By Value
  6. Reels
    1. By Value
  7. Nets & Traps
    1. By Value
  8. Spear & Gaffs
    1. By Value
  9. Others
    1. By Value
3. By Nature
  1. Introduction
    1. Nature By Value
  2. Fresh Water
    1. By Value
  3. Salt Water
    1. By Value
  4. Fly Fishing
    1. By Value
4. By Distribution Channel
  1. Introduction
    1. Distribution Channel By Value
  2. Online
    1. By Value
  3. Offline
    1. By Value
5. UAE
  1. By Type
    1. Introduction
      1. Type By Value
    2. Hooks
      1. By Value
    3. Lines
      1. By Value
    4. Sinkers & Floats
      1. By Value
    5. Rods
      1. By Value
    6. Reels
      1. By Value
    7. Nets & Traps
      1. By Value
    8. Spear & Gaffs
      1. By Value
    9. Others
      1. By Value
  2. By Nature
    1. Introduction
      1. Nature By Value
    2. Fresh Water
      1. By Value
    3. Salt Water
      1. By Value
    4. Fly Fishing
      1. By Value
  3. By Distribution Channel
    1. Introduction
      1. Distribution Channel By Value
    2. Online
      1. By Value
    3. Offline
      1. By Value
6. Turkey
7. Saudi Arabia
8. South Africa
9. Egypt
10. Nigeria
11. Rest of MEA
LATAM Market Analysis
1. Introduction
2. By Type
  1. Introduction
    1. Type By Value
  2. Hooks
    1. By Value
  3. Lines
    1. By Value
  4. Sinkers & Floats
    1. By Value
  5. Rods
    1. By Value
  6. Reels
    1. By Value
  7. Nets & Traps
    1. By Value
  8. Spear & Gaffs
    1. By Value
  9. Others
    1. By Value
3. By Nature
  1. Introduction
    1. Nature By Value
  2. Fresh Water
    1. By Value
  3. Salt Water
    1. By Value
  4. Fly Fishing
    1. By Value
4. By Distribution Channel
  1. Introduction
    1. Distribution Channel By Value
  2. Online
    1. By Value
  3. Offline
    1. By Value
5. Brazil
  1. By Type
    1. Introduction
      1. Type By Value
    2. Hooks
      1. By Value
    3. Lines
      1. By Value
    4. Sinkers & Floats
      1. By Value
    5. Rods
      1. By Value
    6. Reels
      1. By Value
    7. Nets & Traps
      1. By Value
    8. Spear & Gaffs
      1. By Value
    9. Others
      1. By Value
  2. By Nature
    1. Introduction
      1. Nature By Value
    2. Fresh Water
      1. By Value
    3. Salt Water
      1. By Value
    4. Fly Fishing
      1. By Value
  3. By Distribution Channel
    1. Introduction
      1. Distribution Channel By Value
    2. Online
      1. By Value
    3. Offline
      1. By Value
6. Mexico
7. Argentina
8. Chile
9. Colombia
10. Rest of LATAM
Competitive Assessment
1. Adoption Matrix
2. Fishing Equipment Market Share By Manufacturers
3. Fishing Equipment Market Ranking By Revenue For Manufacturers
4. Average Price By Manufacturers
5. Vendor Footprint Analysis
Market Players Assessment
1. Rome Specialty Company, Inc.
  1. Overview
  2. Business Information
  3. Revenue
  4. ASP
  5. Gross Margin
  6. Swot Analysis
  7. Recent Developmments
2. Daiwa Corporation
3. Pure Fishing, Inc.
4. Sea Master Enterprise Co., Ltd.
5. Maver UK Ltd
6. Jarvis Walker Pty, Inc.
7. Pradco Outdoor Brands
8. Johnson Outdoors Inc.
9. Okuma Fishing Tackle Co., Ltd
10. Tica Fishing Tackle
Research Methodology
1. Research Data
  1. Secondary Data
    1. Major secondary sources
    2. Key data from secondary sources
  2. Primary Data
    1. Key data from primary sources
    2. Breakdown of primaries
  3. Secondary And Primary Research
    1. Key industry insights
2. Market Size Estimation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Market Projection
3. Research Assumptions
  1. Assumptions
4. Limitations
5. Risk Assessment
Appendix
1. Discussion Guide
2. Customization Options
3. Related Reports
Disclaimer

Table of Content and Figure @ https://straitsresearch.com/report/fishing-equipment-market/toc

Market News

In 2022, Johnson Outdoors Inc. and the National Wildlife Federation teamed up to create the Clean Earth Challenge to enhance natural resource conservation.

News Media

Global Fishing Rods Market Grows Steadily at a CAGR of 3.10%

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Fishing Equipment Market Size is projected to reach USD 17,796 Million by 2030, growing at a CAGR of 4.3%: Straits Research

The global fishing equipment market size was valued at USD 12,707 million in 2021, presumed to reach USD 17,796 million, expanding at a CAGR of 4.3% during the forecast period. North America will command the market with the largest share while growing at a CAGR of 3.5%.

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Fishing Equipment Market Size is projected to reach USD 17,796 Million by 2030, growing at a CAGR of 4.3%: Straits Research

The global fishing equipment market size was valued at USD 12,707 million in 2021, presumed to reach USD 17,796 million, expanding at a CAGR of 4.3% during the forecast period. North America will command the market with the largest share while growing at a CAGR of 3.5%.

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