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Sports Fishing Equipment - Global Market Trajectory & Analytics

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    Report

  • 307 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 992772

Global Sports Fishing Equipment Market to Reach $16 Billion by 2027

Amid the COVID-19 crisis, the global market for Sports Fishing Equipment estimated at US$12.6 Billion in the year 2020, is projected to reach a revised size of US$16 Billion by 2027, growing at a CAGR of 3.4% over the period 2020-2027. Rods, Reels, & Poles, one of the segments analyzed in the report, is projected to record a 3.1% CAGR and reach US$6.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lures, Flies, & Baits segment is readjusted to a revised 4.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 5.9% CAGR

The Sports Fishing Equipment market in the U.S. is estimated at US$4.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 5.9% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Fishing Lines Segment to Record 4.2% CAGR

In the global Fishing Lines segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 159 Featured)

  • Aftco Mfg. Co., Inc.
  • Daiwa Corporation
  • Eagle Claw Fishing Tackle Co.
  • Eppinger Mfg. Co.
  • Gamakatsu Co., Ltd.
  • Grandt Industries, Inc.
  • Jim Teeny, Inc.
  • Koppers Fishing and Tackle Corp.
  • O. Mustad & Son A.S.
  • Okuma Fishing Tackle Corporation
  • Plano Synergy Holdings, Inc.
  • PRADCO Outdoor Brands, Inc.
  • Pure Fishing, Inc.
  • Rapala VMC Corporation
  • Rome Specialty Company, Inc.
  • Sea Master Enterprise Co., Ltd.
  • Shimano, Inc.
  • St. Croix of Park Falls, Ltd.
  • Taylor Fly Fishing
  • TICA Fishing Tackle
  • Zebco Holdings, Inc.

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Sports Fishing Equipment

What is the estimated value of the Global Market for Sports Fishing Equipment?

The Global Market for Sports Fishing Equipment was estimated to be valued at $12.6 Billion in 2020.

What is the growth rate of the Global Market for Sports Fishing Equipment?

The growth rate of the Global Market for Sports Fishing Equipment is 3.5%, with an estimated value of $16 Billion by 2027.

What is the forecasted size of the Global Market for Sports Fishing Equipment?

The Global Market for Sports Fishing Equipment is estimated to be worth $16 Billion by 2027.

Who are the key companies in the Global Market for Sports Fishing Equipment?

Key companies in the Global Market for Sports Fishing Equipment include Aftco Mfg. Co., Inc., Daiwa Corporation, Eagle Claw Fishing Tackle Co., Eppinger Mfg. Co., Gamakatsu Co., Ltd., Grandt Industries, Inc., Jim Teeny, Inc., Koppers Fishing and Tackle Corp. and Okuma Fishing Tackle Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Opportunity in Disguise for Sports Equipment Providers amid COVID-19
  • Global Sports Equipment Market Size (in US$ Billion) for 2019, 2022 and 2025
  • COVID-19 Impact on Fishing Equipment Market
  • COVID-19 Pandemic Results in Scarcity of Fishing Equipment
  • An Overview of Sports Fishing Equipment
  • Types of Sports Fishing Equipment
  • Fishing Techniques
  • Sports Fishing Equipment: Meeting the Ever-Changing Needs of Recreational Fishing, the Healthful Pastime
  • Myriad Health and Well-Being Benefits of Recreational Fishing Drive Widespread Adoption of Fishing Equipment
  • Key Health and Well-Being Benefits of Recreational Fishing Ranked in the Order of Importance
  • Global Sports Fishing Equipment Market: Overview and Outlook
  • Major Technological Advances to Drive Growth
  • Developed Countries Traditional Revenue Contributors, while Developing Countries Spearhead Market Growth
  • World Sports Fishing Equipment Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Sports Fishing Equipment Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Rest of World, Europe, USA, Canada, and Japan
  • Lures, Flies, & Baits: The Fastest Growing Segment
  • World Sports Fishing Equipment Market by Segment (2020 & 2027): Percentage Breakdown of Sales for Rods, Reels, & Poles; Lures, Flies, & Baits; Fishing Lines; Fishing Hooks; and Other Product Segments
  • Future Developments in Fishing Rods to Drive Segmental Growth
  • Competitive Landscape: A Highly Fragmented Marketplace
  • Shimano: A Dominant Force in the Fishing Gear Market
  • Floating Minnow from Rapala: The Story of Invention to Commercialization
  • Competition: Noteworthy Trends
  • Recent Market Activity
  • Sports Fishing Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Steady Proliferation of Connected Electronic Fishing Devices Drive Healthy Market Growth
  • Select Innovative Electronic Sports Fishing-Related Products
  • Fish Finders: Helpful Tools for Elevating Fishing Experience
  • Fishing Cameras for Easy Underwater Viewing Using Tablets or Smartphones
  • Bobbers with Integrated Intel Chip & Wireless Connectivity
  • Notable Advanced Electronic Fishing Lures
  • AngLR Tracker for Fishing Rod
  • FishSentry Connected Fishing Rods
  • PowerRay Underwater Robot
  • FLIR Ocean Scout TK Night-Vision Camera
  • Humminbird HELIX 10
  • Individuals Account for Bigger Share
  • Sports Organizers Drive Demand
  • World Sports Fishing Equipment Market - End-Use Sectors Ranked by Value CAGR for 2020-2027: Individuals, Sports Organizers, and Clubs
  • Fishing Clubs Elevate Participation Levels
  • Passion for Outdoors and the Drive to Preserve Nature Steer Demand from the Millennials Population
  • Global Millennial Population Facts & Figures: Important Opportunity Indicators
  • Global Millennials Population by Region (2018): Percentage Breakdown of Number of Millennials for North America, Europe, China & Japan, Latin America and Rest of World
  • Millennial Population as a Percentage (%) of Total Population in Developing Countries: 2018
  • Disruptive Technologies that Transformed the Sports Fishing Boats over the Years
  • Focus on Developing Fishing Infrastructure Strengthens Market Prospects
  • Surging Popularity of Kayak Fishing Benefits Market Expansion
  • Consumer Affluence Influences Sports Fishing Equipment Sales
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Global Middle Class Spending (in US$ Trillion) by Geographic Region (2017, 2025 & 2030)
  • Surging Interest in Fishing among Women Opens Up Growth Avenues
  • Ice Fishing Gear: Equipment to Make Most of Ice Fishing Mission
  • Innovations & Advancements
  • 3D Printing Streamlines Fishing Equipment Manufacturing
  • Advancements in Fly Fishing Reels
  • Tippet Innovations Bolster Stealthiness in Fly Fishing
  • Lures Mimic Sounds of Fish
  • Lures with Characteristic Wobbling Action
  • Airbomb: A Revolutionary Mid-Air Baiting Device
  • Shimano's First-of-its-Kind Fishing Reels
  • Innovative Fishing Accessories
  • Other Innovative Fishing Rods, Lures and Reels
  • Fishing Baits
  • Fishing Reels
  • Select Innovative Sports Fishing Reels
  • Fishing Rods
  • Select Innovative Sports Fishing Rods
  • Fishing Tackle and Gear
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Sports Fishing Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Sports Fishing Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Sports Fishing Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Rods, Reels, & Poles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Rods, Reels, & Poles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Rods, Reels, & Poles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Lures, Flies, & Baits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Lures, Flies, & Baits by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Lures, Flies, & Baits by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Fishing Lines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Fishing Lines by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Fishing Lines by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Fishing Hooks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Fishing Hooks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Fishing Hooks by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Other Product Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Other Product Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Individuals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Individuals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Individuals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Sports Organizers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Sports Organizers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Sports Organizers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Clubs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Clubs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: World 15-Year Perspective for Clubs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Sports Fishing Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Socio-Economic Importance of Recreational Fishing to Drive Long Term Growth in Demand for Sports Fishing Equipment
  • Popular Outdoor Activities in the US by Type (2015, 2017 & 2019E): Breakdown of Number of Participants (Millions) for Biking, Camping, Fishing, Hiking, and Running/Jogging
  • US Fishing Equipment Market by Fishing Waters (2019E): Percentage Breakdown of Retail Sales for Freshwater, Saltwater and Great Lakes
  • US Fishing Lines Market: Monofilament Continues to Dominate, while Braided Lines Spearhead Growth
  • US Fishing Line Market by Segment (2018 & 2025P): Annual Sales Figures in US$ Thousand for Monofilament, Fluorocarbon, and Braided (Microfilament)
  • Fishing Equipment in the US: An Evolutionary Scan
  • Growing Popularity of Kite Fishing Augurs Well for Market Demand
  • Technology Advancements in Sport Fishing Boats
  • Freshwater Fishing Continues to be the Most Popular Fishing Form
  • Fishing Participants in the US by Category (2007-2019E): Number of Participants (in Millions) for Freshwater, Saltwater & Fly Fishing
  • Favorable Demographic Trends Strengthen Market Prospects
  • US Fishing Participation by Gender (2019E): Percentage Breakdown of Fishing Participants (All, New & Lost) for Male and Female
  • US Fishing Participation by Age Group (2019E): Percentage Breakdown of Fishing Participants (All, New & Lost) for 6-12 Years, 13-17 Years, 18-24 Years, 25-44 Years, and Above 45 Years
  • Increasing Participation of Women in Sports Fishing Bodes Well for Market Demand
CANADA
  • Canada: A Major Recreational Fishing Hub Continue to Witness Steady Market Growth
  • British Columbia: One of the Major Sports Fishing Destinations in the Country
JAPAN
  • Sports Fishing Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Sports Fishing Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • China Offers Significant Growth Opportunities
  • China: A Leading Producer of Sports Fishing Equipment Worldwide
  • Chinese Manufacturers Focus on Product Development and Cost Reduction
EUROPE
  • Sports Fishing Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Europe: Select Growth Drivers
FRANCE
  • Sports Fishing Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Sports Fishing Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Sports Fishing Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Sports Fishing Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 159

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aftco Mfg. Co., Inc.
  • Daiwa Corporation
  • Eagle Claw Fishing Tackle Co.
  • Eppinger Mfg. Co.
  • Gamakatsu Co., Ltd.
  • Grandt Industries, Inc.
  • Jim Teeny, Inc.
  • Koppers Fishing and Tackle Corp.
  • O. Mustad & Son A.S.
  • Okuma Fishing Tackle Corporation
  • Plano Synergy Holdings, Inc.
  • PRADCO Outdoor Brands, Inc.
  • Pure Fishing, Inc.
  • Rapala VMC Corporation
  • Rome Specialty Company, Inc.
  • Sea Master Enterprise Co., Ltd.
  • Shimano, Inc.
  • St. Croix of Park Falls, Ltd.
  • Taylor Fly Fishing
  • TICA Fishing Tackle
  • Zebco Holdings, Inc.