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Sports Fishing Equipment Market Report by Product Type (Fishing Rods, Fishing Reels, Fishing Hooks, Fishing Lures, Fishing Lines, Fishing Rigs, Fishing Jig Heads, and Others), Application (Freshwater Fishing, Saltwater Fishing), End User (Individual Consumer, Clubs, Sports Organizers), Distribution Channel (Specialty and Sports Stores, Departmental and Discount Stores, Online Stores, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A2334
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Global Sports Fishing Equipment Market:
The global sports fishing equipment market size reached USD 13.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 19.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032. The growing interest in outdoor activities and recreational fishing is stimulating the market.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | USD 13.8 Billion |
| Market Forecast in 2032 | USD 19.7 Billion |
| Market Growth Rate (2024-2032) | 4% |
Sports Fishing Equipment Market Analysis:
- Major Market Drivers: The rising disposable income making high-quality fishing equipment more affordable is propelling the market.
- Key Market Trends: The expanding global tourism, particularly in coastal regions is acting as a significant growth-inducing factor.
- Competitive Landscape: Some of the major market companies include AFTCO Mfg. Co., Inc., Gamakatsu USA, GLOBERIDE Inc., Newell Brands, O. Mustad & Son Pte Ltd., OKUMA FISHING TACKLE CO., LTD., Rapala VMC Corporation, and Shimano Inc., among many others.
- Geographical Trends: In Asia Pacific, rising tourism boosts demand for fishing gear. In contrast, Europe sees steady growth due to recreational activities and North America leads with advanced equipment. Meanwhile, Latin America’s coastal regions drive sales, and the Middle East and Africa see growing interest in sport fishing.
- Challenges and Opportunities: The high cost of sports fishing equipment is hindering the market. However, developing cost-effective production methods and materials will continue to strengthen the market over the forecast period.
Sports Fishing Equipment Market Trends:
Growing Demand For Innovative Fishing Gear
The market is expanding as consumers seek gear that improves efficiency and performance. Moreover, anglers are increasingly looking for equipment that is lightweight, durable, and easy to use, which has led manufacturers to focus on innovation to meet evolving consumer preferences, thereby elevating the sports fishing equipment market share. For instance, in August 2024, ADIHEX introduced its largest Fishing & Marine Sports section, featuring cutting-edge fishing gear, eco-friendly equipment, and modern technology advancements. The event, highlighting both Emirati fishing traditions and sustainability, attracted enthusiasts with innovative rods, reels, and accessories for enhanced angling experiences.
Increasing Interest in Eco-Friendly Equipment
Environmental concerns are driving a shift towards sustainable fishing equipment. In contrast, consumers are becoming more conscious of the impact fishing gear has on marine ecosystems. As a result, there is a growing demand for eco-friendly alternatives, encouraging manufacturers to develop gear that minimizes environmental damage while maintaining effectiveness. For instance, in March 2024, CanFish debuted the Fishing CamX Roadside Sports Camera at the Shanghai New International Expo Center in China. This innovative camera enhances the overall experience for fishing enthusiasts, offering new perspectives and advanced features for capturing fishing activities in real time. This is elevating the sports fishing equipment market share.
Advancements in Fishing Technology Enhance Experiences
Technological progress in the sports fishing market is enabling enhanced experiences for anglers. In addition, modern equipment integrates features like real-time monitoring, improved accuracy, and user-friendly controls. Furthermore, these innovations allow for greater precision and convenience, thereby attracting more participants to the sport while improving overall satisfaction for seasoned anglers. For instance, in July 2024, PENN introduced the Fathom Electric Lever Drag Cordless Fishing Reel, a groundbreaking innovation in the sports fishing equipment market growth. This reel features an integrated battery, powerful electric motor, LED display, and customizable settings, providing unmatched efficiency and versatility for deep-sea and kite fishing.
Global Sports Fishing Equipment Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with the market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type, application, end user, and distribution channel.
Breakup by Product Type:
- Fishing Rods
- Fishing Reels
- Fishing Hooks
- Fishing Lures
- Fishing Lines
- Fishing Rigs
- Fishing Jig Heads
- Others
The report has provided a detailed breakup and analysis of the market based on the product type. This includes fishing rods, fishing reels, fishing hooks, fishing lures, fishing lines, fishing rigs, fishing jig heads, and others.
Sports fishing equipment includes various essential tools such as fishing rods, reels, hooks, lures, lines, rigs, and jig heads. In contrast, each item plays a crucial role in enhancing the fishing experience, offering precision, strength, and versatility. Also, other accessories further improve performance, thereby catering to different fishing environments and techniques.
Breakup by Application:
- Freshwater Fishing
- Saltwater Fishing
The report has provided a detailed breakup and analysis of the market based on the application. This includes freshwater fishing and saltwater fishing.
Freshwater fishing and saltwater fishing both drive demand for sports fishing equipment with distinct gear tailored for each environment. On the contrary, freshwater requires lighter rods and reels, while saltwater fishing demands durable, corrosion-resistant equipment to handle larger species and harsher conditions.
Breakup by End User:
- Individual Consumer
- Clubs
- Sports Organizers
The report has provided a detailed breakup and analysis of the market based on the end user. This includes individual consumer, clubs, and sports organizers.
Consumers, clubs, and sports organizers play a crucial role in the demand for sports fishing equipment, driving growth through organized events, recreational fishing activities, and competitive tournaments. Overall, their preferences influence innovation and the development of specialized gear and accessories.
Breakup by Distribution Channel:
- Specialty and Sports Stores
- Departmental and Discount Stores
- Online Stores
- Others
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes specialty and sports stores, departmental and discount stores, online stores, and others.
Specialty and sports stores, departmental and discount stores, online stores, and others play a vital role in distributing sports fishing equipment, offering a wide range of products. Moreover, these outlets cater to diverse customer preferences, providing accessibility, variety, and convenience for fishing enthusiasts, thereby escalating the sports fishing equipment market share.
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The market outlook report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
The sports fishing equipment market size is experiencing growth across Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. In Asia Pacific, demand is rising due to growing interest in outdoor recreational activities. Moreover, Europe sees technological advancements driving product innovation, and North America benefits from an increasing number of fishing tournaments. Meanwhile, Latin America focuses on enhancing coastal tourism, and the Middle East and Africa are exploring eco-friendly fishing gear solutions to preserve marine ecosystems.
Competitive Landscape:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all market companies have also been provided. Some of the key players in the market include:
- AFTCO Mfg. Co., Inc.
- Gamakatsu USA
- GLOBERIDE Inc.
- Newell Brands
- O. Mustad & Son Pte Ltd.
- OKUMA FISHING TACKLE CO., LTD.
- Rapala VMC Corporation
- Shimano Inc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Sports Fishing Equipment Market Recent Developments:
- August 2024: ADIHEX introduced its largest Fishing & Marine Sports section, featuring cutting-edge fishing gear, eco-friendly equipment, and modern technology. The event, highlighting both Emirati fishing traditions and sustainability, attracted enthusiasts with innovative rods, reels, and accessories for enhanced angling experiences.
- July 2024: PENN introduced the Fathom Electric Lever Drag Cordless Fishing Reel. It features an integrated battery, powerful electric motor, LED display, and customizable settings.
- March 2024: CanFish debuted the Fishing CamX Roadside Sports Camera at the Shanghai New International Expo Center in China. This innovative camera offers new perspectives and advanced features for capturing fishing activities in real time.
Sports Fishing Equipment Market Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | Billion USD |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Product Types Covered | Fishing Rods, Fishing Reels, Fishing Hooks, Fishing Lures, Fishing Lines, Fishing Rigs, Fishing Jig Heads, Others |
| Applications Covered | Freshwater Fishing, Saltwater Fishing |
| End Users Covered | Individual Consumer, Clubs, Sports Organizers |
| Distribution Channels Covered | Specialty and Sports Stores, Departmental and Discount Stores, Online Stores, Others |
| Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | AFTCO Mfg. Co., Inc., Gamakatsu USA, GLOBERIDE Inc., Newell Brands, O. Mustad & Son Pte Ltd., OKUMA FISHING TACKLE CO., LTD., Rapala VMC Corporation, Shimano Inc., etc. |
| Customization Scope | 10% Free Customization |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report
- How has the global sports fishing equipment market performed so far, and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global sports fishing equipment market growth?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global sports fishing equipment market, and who are the key players?
- What is the degree of competition in the industry?
Key Benefits for Stakeholders:
- IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the sports fishing equipment market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global sports fishing equipment market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the sports fishing equipment industry and its attractiveness.
- The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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