What is Sports Fishing Equipment - Global Market?
The Sports Fishing Equipment - Global Market is an expansive and diverse industry that encompasses a wide range of products and services. This market is primarily focused on the production and distribution of equipment used in sports fishing, a popular recreational activity enjoyed by millions of people worldwide. The global market for sports fishing equipment is a dynamic and ever-evolving industry, with new products and technologies being introduced regularly to meet the changing needs and preferences of consumers. The market includes various types of equipment such as rods, reels and components, line, leaders, lures, flies, baits, terminal tackle, and electronics. Rods, reels, and components form the backbone of any fishing equipment. They are the primary tools used to catch fish and their quality and performance can greatly affect the success of a fishing trip. Line and leaders are also crucial elements of fishing equipment. They connect the rod and reel to the bait or lure and are responsible for attracting and catching fish. Lures, flies, and baits are designed to attract fish and are available in a wide variety of shapes, sizes, and colors to suit different types of fish and fishing conditions. Terminal tackle refers to the various accessories used in fishing, such as hooks, sinkers, and swivels. Electronics, such as fish finders and GPS devices, are also becoming increasingly popular in the sports fishing equipment market, as they help anglers locate fish more easily and accurately.
Rods, Reels and Components, Line, Leaders, Lures, Files, Baits, Terminal Tackle, Electronics in the Sports Fishing Equipment - Global Market:
Sports Fishing Equipment is used in a variety of fishing environments, including freshwater and saltwater fishing. Freshwater fishing is typically done in lakes, rivers, and streams and requires specific types of equipment that can withstand the unique conditions of these environments. For example, freshwater fishing rods are usually lighter and more flexible than their saltwater counterparts. On the other hand, saltwater fishing is done in the ocean or sea and requires equipment that is more durable and resistant to corrosion. Saltwater fishing equipment is typically heavier and stronger, designed to handle larger fish and harsher conditions. Regardless of the type of fishing, having the right equipment is crucial for success and enjoyment.
Freshwater Fishing, Saltwater Fishing in the Sports Fishing Equipment - Global Market:
The global Sports Fishing Equipment market has shown significant growth in recent years. In 2022, the market was valued at US$ 10480 million and is expected to reach US$ 12660 million by 2029. This represents a compound annual growth rate (CAGR) of 3.2% during the forecast period from 2023 to 2029. The market is dominated by a handful of major manufacturers, who collectively hold a market share of about 20%. The largest segment of the market is rods, reels, and components, which account for about 35% of the total market. This highlights the importance of these core items in the sports fishing equipment market.
| Report Metric | Details |
| Report Name | Sports Fishing Equipment - Market |
| Forecasted market size in 2029 | US$ 12660 million |
| CAGR | 3.2% |
| Forecasted years | 2023 - 2029 |
| Global Sports Fishing Equipment market, by region: |
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| Global Sports Fishing Equipment market, Segment by Type: |
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| Global Sports Fishing Equipment market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
