The global sports fishing equipment market size reached US$ 12.8 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 16.4 Billion by 2027, exhibiting a CAGR of 4.22% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Sports fishing equipment refers to products, such as fishing rods, fishhooks, lines, baits, lures and sinkers that are used for recreational fishing and competitions. These tools are used for fishing without gear, grappling, stunning, line fishing, trapping, fishing with bag nets, trawling seining and gillnetting. The fishing lines are attached with natural or artificial bait to lure, hold and catch the fish. These lines are connected with reels for casting, spinning and fly fishing, which aid in hunting large-sized fishes and shellfishes. Various handheld tools, such as spears and harpoons, are also used that can be thrown with a thrust to wound and catch the fish.
Significant growth in the fishing industry represents one of the primary drivers of the market for sports fishing equipment. Along with this, increasing participation in water-based sports activities and a rising number of fishing associations and recreational fishing clubs are also contributing to the market growth. Sports fishermen and anglers are investing in high-quality fishing equipment that can be used in both freshwater and saltwater. Additionally, aggressive promotional activities by manufacturers, along with the development of the online retailing market that provides a hassle-free shopping experience while displaying a wide range of options to choose from to the consumers, are acting as other growth-inducing factors. Manufacturers are developing innovative product variants that are connected with sensors to locate and track fishing hotspots through a smartphone application. Other factors, including increasing consumer preference for outdoor recreational activities, owing to the growing millennial population and rapid urbanization, are projected to drive the market further.
Sports fishing equipment refers to products, such as fishing rods, fishhooks, lines, baits, lures and sinkers that are used for recreational fishing and competitions. These tools are used for fishing without gear, grappling, stunning, line fishing, trapping, fishing with bag nets, trawling seining and gillnetting. The fishing lines are attached with natural or artificial bait to lure, hold and catch the fish. These lines are connected with reels for casting, spinning and fly fishing, which aid in hunting large-sized fishes and shellfishes. Various handheld tools, such as spears and harpoons, are also used that can be thrown with a thrust to wound and catch the fish.
Significant growth in the fishing industry represents one of the primary drivers of the market for sports fishing equipment. Along with this, increasing participation in water-based sports activities and a rising number of fishing associations and recreational fishing clubs are also contributing to the market growth. Sports fishermen and anglers are investing in high-quality fishing equipment that can be used in both freshwater and saltwater. Additionally, aggressive promotional activities by manufacturers, along with the development of the online retailing market that provides a hassle-free shopping experience while displaying a wide range of options to choose from to the consumers, are acting as other growth-inducing factors. Manufacturers are developing innovative product variants that are connected with sensors to locate and track fishing hotspots through a smartphone application. Other factors, including increasing consumer preference for outdoor recreational activities, owing to the growing millennial population and rapid urbanization, are projected to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global sports fishing equipment market report, along with forecasts at the global, regional and country level from 2022-2027. 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
Breakup by Application:
- Freshwater Fishing
- Saltwater Fishing
Breakup by End User:
- Individual Consumer
- Clubs
- Sports Organizers
Breakup by Distribution Channel:
- Specialty and Sports Stores
- Departmental and Discount Stores
- Online Stores
- Others
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
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players beingc 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.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?
- 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?
Frequently Asked Questions about the Global Sports Fishing Equipment Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | August 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 12.8 Billion |
| Forecasted Market Value ( USD | $ 16.4 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Sports Fishing Equipment Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Distribution Channel
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
Methodology
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