The Sports Fishing Equipment market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 11030 million by 2027.
Sports fishing equipment is the equipment used when fishing. Almost any equipment or gear used for fishing can be called fishing equipment. Some examples are Rods, Reels & Poles, Lures, Flies & Baits, Fishing Lines and Hooks. North America demand of sports fishing equipment accounted for the highest market share (36.7%) in 2016, followed by Europe. China is expected to maintain the highest growth rate for the next five years owing to the increment of resident income and the growth of downstream applications. The growing popularity of recreational fishing will be a major element in propelling the sports fishing equipment market forward. Several countries, particularly in the Mediterranean, are encouraging fish tourism as a means of addressing the short-term loss of marine protected areas and providing an alternative source of income. Recreational fishing will generate various growth prospects for sports fishing equipment vendors, in addition to supporting travel, boating, restaurants, and the tourism industry. This rising popularity of recreational fishing will enhance sales of sports fishing equipment and, as a result, propel the market forward throughout the projection period.
The report also assesses the key opportunities in the Sports Fishing Equipment market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Sports Fishing Equipment Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
January 22, 2021: Shimano Announces 5 New Fishing Reels--
The simple device created to manage both line and fish is constantly evolving. Contemporary reels are intricate, stylish machines. They rival other tools of the fishing trade, often becoming heirlooms passed down from generation to generation, carrying with them the memories of a personal best or the beast that got away. Celebrating 100 years of purposeful engineering and innovation, Shimano continues a legacy of transforming fishing experiences with five new reels that deliver strength, efficiency, durability – and confidence – every time anglers turn the handle. Introducing the redesigned Ultegra, TwinPower SW, TwinPower XD, Exsence and Calcutta Conquest.
Sports Fishing Equipment Market is segmented based on the type, applications, companies and regions.
By Type, Sports Fishing Equipment Market has been segmented into
By Application, Sports Fishing Equipment Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Sports Fishing Equipment Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America will generate the most revenue in 2020, accounting for 60.2% of overall sales. Recreational fishing is growing increasingly popular due to its historical relevance in the United States. Recreational fishing is a substantial economic force in the United States, with more than 50 million fishers. As a result, there is a high demand for fish hunting equipment in the region, which is predicted to increase significantly throughout the forecast period. On Valentine's Day, Easter, and Halloween, anglers spend significantly more on fishing equipment and trips than on other holidays.
Europe is expected to grow at a revenue-based CAGR of 4.6% from 2022 to 2027, owing to the region's rising popularity of recreational fishing. The existence of various lakes and rivers, as well as a long coastline, encourages the use of fishing equipment. Furthermore, angling tourism, which generates more money than golf in Ireland, is helping to boost awareness of these outdoor sports, which benefits regional market growth.
Sports Fishing Equipment Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Sports Fishing Equipment Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.9% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Globeride(Daiwa), Shimano, Newell, Rapala VMC, Weihai Guangwei, Dongmi Fishing, RYOBI, Pokee Fishing, Cabela's Inc., Eagle Claw, Humminbird, St. Croix Rods, Gamakatsu, Tica Fishing, DUEL(YO-ZURI), Tiemco, Preston Innovations, Beilun Haibo, AFTCO Mfg., O. Mustad & Son, Okuma Fishing, Barfilon Fishing |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 135 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Sports Fishing Equipment Market?
The Sports Fishing Equipment Market is growing at a CAGR of 3.9% over the next 5 years.
Who are the key players in Sports Fishing Equipment Market?
Globeride(Daiwa), Shimano, Newell, Rapala VMC, Weihai Guangwei, Dongmi Fishing, RYOBI, Pokee Fishing, Cabela's Inc., Eagle Claw, Humminbird, St. Croix Rods, Gamakatsu, Tica Fishing, DUEL(YO-ZURI), Tiemco, Preston Innovations, Beilun Haibo, AFTCO Mfg., O. Mustad & Son, Okuma Fishing, Barfilon Fishing
What are the significant types of Sports Fishing Equipment Market?
Rods, Reels and Components, Line, Leaders, Lures, Files, Baits, Terminal Tackle, Electronics
What are the major end-use applications of Sports Fishing Equipment Market?
Freshwater Fishing, Saltwater Fishing
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