Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Fishing Equipment Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.9% during the review period (2022 to 2027).
Fishing Equipment Market Overview
The size of the world market for fishing equipment was $13,581.1 billion in 2019 and is projected to grow to $17,117.8 billion by 2027 with a CAGR of 4.5 percent between 2021 and 2027. The introduction of new fishing gear with improved technologies by major market participants has increased public interest in fishing. These makers of fishing gear have addressed the issues that arise during fishing and have developed the necessary fixes. The market leader in fish equipment, AquaDrone offers specialised drones made just for catching fish. Additionally, the drone is made to use sonar to locate fish, have a camera fitted so that it can take pictures, have a bait and lure installed so that it may return to the same location to catch fish. The device is 100% water proof and can be used in both fresh and salt water. Furthermore, AquaDrone has become more popular among young generation and ones with less patience to wait to catch fishes. Thus, rapid advancementsin technology in fishing equipment boosts growth of the market.
Children's growing interest in fishing and related activities has given stakeholders new commercial options. Additionally, fishing is become a popular outdoor activity for both adults and children. Additionally, parents are encouraging kids to start fishing since it improves their ability to focus and be patient. In addition, there are some straightforward fishing poles available that are made just for kids. These short rods have kid-friendly characters accessible on them. Additionally, Mitchell, a producer of fishing gear, makes a variety of 5 12 foot combos that are ideal for children 7 and older. Thus, rise ininterest of children toward fishing activities and easy availability of fishing equipment for children further propels the fishing equipment market growth.
Who are the Major Players in Fishing Equipment Market?
The global Fishing Equipment includes Gamakatsu USA, Globeride, Jarvis Walker, Johnson Outdoors, Maver UK, PRADCO Outdoor Brands, Pure Fishing, Rome Specialty Company, Sea Master Enterprise, Tica Fishing Tackle
Recent Developments:
THE UGLY STIK WORLD’S LARGEST SANTA CLAUS BASS TOURNAMENT ESTABLISHES WORLD RECORD ON LAKE NORMAN
The Ugly Stik World’s Largest Santa Claus Bass Tournament lived up to its name, drawing 298 anglers to compete in a one-day bass fishing tournament dressed as the fabled Christmas icon. The event, sponsored by famed fishing rod maker Ugly Stik, took place on Lake Norman and establishes a new world record for the largest fishing tournament contested by anglers dressed as Santa Claus. In addition, participants in the record-setting event donated an estimated $15,000-plus worth of new toys to Toys for Tots to help make Christmas possible for area children.
New Ugly Tools for Anglers that Fish Ugly
Fishing isn’t always pretty. Some anglers want tools that look nice on the boat or in their tackle box, but an Ugly Stik fisherman isn’t fooled by looks. They want tools that that stand up to whatever gets thrown at them – from being dropped, left out in the rain, thrown in the back of the truck and everything in between. An Ugly Stik angler wants new Ugly Tools that can take a beating the Ugly Stik way.
What are the major Applications, Types and Regions for Fishing Equipment Market?
Fishing Equipment Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
- Hooks
- Lines
- Sinkers & floats
- Rods
By Application it is segmented into
- Online Sale
- Offline Retail
Fishing Equipment Market Regional Analysis
The fishing equipment market is divided into four categories: type, nature, distribution method, and region. The market is divided into types of hooks, lines, sinkers, and floats, as well as rods, reels, nets, traps, spears, and gaffs. It is naturally separated into fly fishing, saltwater fishing, and freshwater fishing. There are two divisions based on the distribution channel: online and offline. The market is broken down by region into North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, Korea, ASEAN, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) (Brazil, South Africa, Turkey, Saudi Arabia, and rest of LAMEA).
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Fishing Equipment Market report scope?
Reports Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 6.9% during the review period (2022 to 2027).
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By Type
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- Hooks
- Lines
- Sinkers & floats
- Rods
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By Application
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- Online Sale
- Offline Retail
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By Companies
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Gamakatsu USA, Globeride, Jarvis Walker, Johnson Outdoors, Maver UK, PRADCO Outdoor Brands, Pure Fishing, Rome Specialty Company, Sea Master Enterprise, Tica Fishing Tackle
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Regions Covered
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•North America
•Europe
•Asia-Pacific
•Rest of the World
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Countries Covered
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•US
•Canada
•Germany
•France
•UK
•Italy
•Spain
•Rest of Europe
•China
•Japan
•India
•Australia
•South Korea
•Rest of Asia-Pacific
•Middle East & Africa
•Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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101
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Fishing Equipment Report
- Evaluate Fishing Equipment market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Fishing Equipment market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Fishing Equipment market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Fishing Equipment Market is studied from 2017 - 2027.
What is the growth rate of Fishing Equipment Market?
The Fishing Equipment Market is growing at a CAGR of 6.9% over the next 5 years.
Who are the leading key players in Fishing Equipment Market?
Gamakatsu USA, Globeride, Jarvis Walker, Johnson Outdoors, Maver UK, PRADCO Outdoor Brands, Pure Fishing, Rome Specialty Company, Sea Master Enterprise, Tica Fishing Tackle
What regions does this Fishing Equipment Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Fishing Equipment Market?
Hooks, Lines, Sinkers & floats, Rods
What are the significant Applications of Fishing Equipment Market?
Online Sale, Offline Retail
