Global Fishing Equipment Market Size, Share, Growth Analysis, By Type(Hooks, Lines), By Nature(Fresh Water, Salt Water)

Description

Global Fishing Equipment Market size was valued at USD 1.33 billion in 2022 and is poised to grow from USD 1.39 billion in 2023 to USD 1.94 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024- 2031).

The global fishing equipment market includes a wide range of products for both recreational and commercial fishing. Factors like increased interest in fishing as a hobby, growing seafood demand, and advancements in fishing gear have fueled market growth. For recreational fishing, people seek specialized gear like rods, reels, lures, and tackle boxes to improve their experience. Manufacturers are creating innovative products for different fishing styles. On the commercial side, there's a need for efficient and sustainable fishing equipment like nets, trawlers, and processing machinery due to the rising demand for seafood. Technological advancements, such as sonar and GPS systems, have revolutionized fishing, and digital platforms provide real-time information for anglers.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Fishing Equipment Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Fishing Equipment Market Segmental Analysis

The global fishing equipment market is segmented on the basis of Type, Nature, Distribution channel and region. By type, the market is segmented into Hooks, Lines, Sinkers & Floats, Rods, Reels, Nets & Traps, Spear & Gaffs, Others. By Nature, the market is segmented into FreshWater, Salt Water, Fly Fishing. By Distribution channel, the market is segmented into Online, Offline. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Fishing Equipment Market

The global fishing equipment market is boosted by the rising interest in recreational fishing as a leisure pursuit. As people have more disposable income and leisure time, and tourism activities increase, there's a growing demand for fishing gear like rods, reels, lines, and accessories.

Restraints in the Global Fishing Equipment Market

For small-scale and artisanal fishermen, the price of advanced fishing gear and technology like electronic navigation systems and fish finders can be too high. Also, using some of this advanced equipment might need special training, making it harder for new people to get into the industry.

Market Trends of the Global Fishing Equipment Market

The fishing equipment industry is evolving with rapid technological advancements. Manufacturers are introducing innovative products like advanced fish finders, GPS navigation systems, and high-tech fishing reels and rods. They're also integrating smart technologies, such as app-controlled gear and real-time data analysis, to enhance performance and user experience. These innovations aim to make fishing more enjoyable and appeal to both amateur and professional anglers.

Product Code: SQMIG25J2051

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Fishing Equipment Market by Type

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

Global Fishing Equipment Market by Nature

Market Overview
Fresh Water
Salt Water
and Fly Fishing

Global Fishing Equipment Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Newell Brands Inc. (Pure Fishing) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Daiwa Corporation - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Rapala VMC Corporation - Finland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Johnson Outdoors Inc. (Humminbird) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Okuma Fishing Tackle Co., Ltd. - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
AFTCO MFG. Co., Inc. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Berkley Fishing (Pure Fishing) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Plano Synergy Holdings Inc. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Normark Corporation (Rapala Group) - Finland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Gamakatsu Co., Ltd. - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mustad & Son A.S. - Norway
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Penn Fishing Tackle Manufacturing Co. (Pure Fishing) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Pure Fishing, Inc. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
St. Croix Rods - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
G. Loomis, Inc. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Abu Garcia (Pure Fishing) - Sweden
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
YUM Baits (Pradco Outdoor Brands) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shakespeare Fishing Tackle (Pure Fishing) - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Eagle Claw Fishing Tackle Co. - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Yo-Zuri America, Inc. - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hardy Fishing (Pure Fishing) - UK
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Koppers Fishing & Tackle Corp. - Canada
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BASS PRO SHOPS - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Huk Performance Fishing - USA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Fishing Equipment Market Size, Share, Growth Analysis, By Type(Hooks, Lines), By Nature(Fresh Water, Salt Water) - Industry Forecast 2024-2031