What is Fishing Gear - Global Market?
Fishing gear refers to the various tools and equipment used by anglers to catch fish. The global market for fishing gear encompasses a wide range of products designed to enhance the fishing experience, whether for recreational or commercial purposes. This market includes items such as rods, reels, lines, lures, baits, and other terminal tackle, each serving a specific function in the fishing process. The demand for fishing gear is driven by the growing popularity of fishing as a leisure activity, as well as the need for efficient tools in commercial fishing operations. Technological advancements have led to the development of more sophisticated and durable fishing gear, catering to the diverse needs of anglers worldwide. The market is also influenced by environmental considerations, with a growing emphasis on sustainable and eco-friendly fishing practices. As a result, manufacturers are increasingly focusing on producing gear that minimizes environmental impact while maintaining high performance. The global fishing gear market is characterized by a mix of established brands and emerging players, each striving to capture a share of this dynamic and evolving industry. With the increasing interest in fishing across different regions, the market is poised for continued growth and innovation.
Rods, Reels and Components, Line, Leaders, Lures, Files, Baits, Terminal Tackle, Others in the Fishing Gear - Global Market:
Fishing gear is a broad category that includes various components, each playing a crucial role in the fishing process. Rods and reels are perhaps the most recognizable elements, forming the backbone of any angler's toolkit. Rods are designed to cast the line and provide the necessary leverage to reel in fish, while reels store the fishing line and facilitate its smooth release and retrieval. The choice of rod and reel depends on the type of fishing, with options ranging from lightweight setups for freshwater fishing to heavy-duty gear for saltwater expeditions. Lines and leaders are equally important, with lines serving as the connection between the angler and the fish. They come in various materials and strengths, tailored to different fishing conditions and target species. Leaders, on the other hand, are short sections of line attached to the end of the main line, providing additional strength and abrasion resistance. Lures and baits are used to attract fish, with lures mimicking the appearance and movement of prey, while baits are natural or artificial substances that entice fish to bite. Terminal tackle includes hooks, sinkers, and swivels, which are essential for securing the bait and ensuring a successful catch. Other components, such as flies for fly fishing and specialized gear for specific fishing techniques, further expand the range of options available to anglers. The global market for these components is driven by the diverse preferences and needs of anglers, with manufacturers continually innovating to offer products that enhance the fishing experience. From high-tech reels with advanced drag systems to eco-friendly lures made from biodegradable materials, the fishing gear market is a testament to the industry's adaptability and commitment to meeting the demands of modern anglers.
Freshwater Fishing, Saltwater Fishing in the Fishing Gear - Global Market:
Fishing gear is used in various fishing environments, with freshwater and saltwater fishing being the two primary categories. Freshwater fishing takes place in rivers, lakes, and streams, where anglers target species such as bass, trout, and catfish. The gear used in freshwater fishing is typically lighter and more sensitive, allowing anglers to detect subtle bites and navigate the often complex underwater terrain. Rods and reels for freshwater fishing are designed to provide precision and control, while lines and leaders are chosen for their ability to withstand the specific conditions of freshwater environments. Lures and baits are selected based on the target species and the natural prey available in the area. In contrast, saltwater fishing occurs in oceans and seas, where anglers pursue larger and more powerful species like tuna, marlin, and snapper. The gear used in saltwater fishing is generally more robust and durable, capable of withstanding the harsh conditions of the marine environment. Saltwater rods and reels are built to handle the increased stress and pressure of battling large fish, while lines and leaders are chosen for their strength and resistance to saltwater corrosion. Lures and baits for saltwater fishing are designed to mimic the appearance and movement of marine prey, with options ranging from surface poppers to deep-diving plugs. The choice of fishing gear for both freshwater and saltwater environments is influenced by factors such as the target species, fishing location, and personal preferences of the angler. As a result, the global market for fishing gear is characterized by a wide variety of products, each tailored to meet the specific needs of different fishing scenarios.
Fishing Gear - Global Market Outlook:
The global fishing gear market was valued at approximately $13,990 million in 2023 and is projected to grow to around $17,660 million by 2030, reflecting a compound annual growth rate (CAGR) of 3.3% during the forecast period from 2024 to 2030. This growth is indicative of the increasing popularity of fishing as both a recreational activity and a commercial enterprise. In North America, the fishing gear market is also expected to experience significant growth, although specific figures for the region were not provided. The market's expansion can be attributed to several factors, including advancements in fishing technology, the rising interest in outdoor activities, and the growing emphasis on sustainable fishing practices. As more people take up fishing as a hobby or profession, the demand for high-quality and innovative fishing gear is expected to rise. Manufacturers are likely to focus on developing products that cater to the evolving needs of anglers, incorporating features such as improved durability, enhanced performance, and eco-friendly materials. The global fishing gear market is poised for continued growth, driven by the increasing interest in fishing and the ongoing development of new and improved products.
| Report Metric | Details |
| Report Name | Fishing Gear - Market |
| Forecasted market size in 2030 | US$ 17660 million |
| CAGR | 3.3% |
| Forecasted years | 2024 - 2030 |
| Segment by Type: |
|
| Segment by Application |
|
| By Region |
|
| By Company | Newell (Jarden Corporation), Globeride(Daiwa), Shimano, Rapala VMC Corporation, Weihai Guangwei Group, 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
