Sports Fishing Equipment Market Report 2023, Industry Trends, Size and Forecast Till 2028

The latest report by IMARC Group, titled “Sports Fishing Equipment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global sports fishing equipment market report. The global market size reached US$ 13.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.82% during 2023-2028.

Sports Fishing Equipment Market Trends and Drivers:

Increasing Participation in Recreational Fishing:

Fishing, once primarily considered a means of sustenance, is evolving into a popular leisure activity resulting in a substantial increase in the number of individuals engaging in recreational fishing. As more individuals seek relaxation and connection with nature, the demand for fishing equipment is escalating the market growth. Moreover, enthusiasts, beginners and experienced anglers, are drawn to fishing for its tranquility and the thrill of catching fish, thus contributing to the market growth. This growing interest is driving the market for fishing gear, including fishing rods, reels, lines, hooks, and baits. Furthermore, manufacturers are innovating to cater to this expanding customer base, creating specialized equipment tailored to various types of fishing, whether freshwater, saltwater or fly fishing.

Innovation in Fishing Technology:

The sports fishing equipment market is heavily influenced by ongoing innovations in fishing technology. In addition, several advances in materials, design, and functionality resulted in the development of more efficient and effective fishing equipment. For instance, anglers now have access to advanced fishing rods, reels, and fish finders that enhance their fishing experience. Moreover, several advanced materials, such as carbon fiber, have made fishing rods lighter, stronger, and more sensitive, allowing for improved casting and better control over the fish, representing another major growth-inducing factor. Also, high-performance reels equipped with precision gearing systems enable smoother retrieval and drag control thus augmenting the market growth.

Growing Online Retail Channels:

The rapid expansion of online retail channels is transforming the sports fishing equipment market. The rise of e-commerce platforms has made it incredibly convenient for consumers to access fishing gear and accessories from the comfort of their homes. Moreover, online retailers offer various selections of fishing equipment, catering to various fishing styles, preferences, and budgets. Also, shoppers can compare products, read reviews, and make informed decisions, resulting in an improved shopping experience. Furthermore, the availability of online tutorials, guides, and forums is empowering beginners with knowledge and recommendations, encouraging them to take up the sport.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/sports-fishing-equipment-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

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 (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Competitive Landscape with Key Players: 

• 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.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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