Fishing Reels Market Report 2026

The fishing reels market size has grown steadily in recent years. It will grow from $5.89 billion in 2025 to $6.18 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to growth in recreational fishing activities, rising participation in sport fishing, expansion of coastal tourism, increasing availability of specialized fishing gear, growing retail presence of outdoor equipment brands.

The fishing reels market size is expected to see strong growth in the next few years. It will grow to $7.75 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing adoption of premium fishing equipment, rising demand for durable saltwater reels, growth of e-commerce fishing platforms, expanding youth interest in angling sports, increasing focus on sustainable fishing gear. Major trends in the forecast period include increasing adoption of lightweight reel materials, rising demand for high-precision drag systems, growing popularity of saltwater-specific reels, expansion of online and direct-to-consumer sales, enhanced focus on ergonomic reel designs.

The rising consumption of fish is anticipated to drive the growth of the fishing reel market in the future. Fish consumption refers to the eating of fish and other seafood as part of one's diet. Fishing reels are utilized to catch fish, designed to enhance the angler's ability to hook, fight, and successfully land fish. For example, in December 2023, the Department of Agriculture, Fisheries and Forestry, an Australia-based government agency, reported that in 2021-22, Australians consumed around 350,000 tonnes of seafood, averaging 13.8 kilograms per person. During this period, the total value of fishery and aquaculture product exports increased by 2%, reaching $1.28 billion. Consequently, the rising consumption of fish is propelling the growth of the fishing reel market.

Major companies in the fishing reel market are introducing new products, such as electric lever drag cordless fishing reels, to meet several critical industry demands. An electric lever drag cordless fishing reel is a battery-operated device that facilitates easy reeling and precise drag adjustment, making it suitable for catching larger fish without the manual effort required for cranking. For example, in July 2024, PENN Fishing, a U.S.-based fishing company, launched the Fathom Electric Lever Drag Cordless Fishing Reel, which features an integrated lithium-ion battery, variable speed control, and a hands-free autostop function. The reel is equipped with an LED display for monitoring battery life and line counting, as well as programmable line diameter for accurate tracking. With IPX6-sealed components designed to endure water exposure, the reel emphasizes durability and performance.

In September 2024, Snow Peak, a Japan-based camping brand known for its heirloom-quality gear and apparel, acquired Swift Fly Fishing Company for an undisclosed amount. This acquisition is part of Snow Peak's strategy to enhance its outdoor offerings by incorporating Swift's innovative Epic Fly Rods and exploring global experiential adventure tours that combine travel with fly fishing experiences. Swift Fly Fishing Company, based in New Zealand, manufactures fly rods designed to provide excellent casting and fish-fighting capabilities, and also offers fishing reels.

Major companies operating in the fishing reels market are Shimano Inc., G. Loomis, L.L.Bean Inc., Pure Fishing Inc., Weihai Guangwei Group Co. Ltd., Hardy & Greys Limited, Penn Fishing Tackle Manufacturing Co., Hatch Outdoors, E.A. Pflueger Company, Quantum Fishing, Okuma Fishing Tackle Corp., Lew's Fishing, Sage Fly Fishing, ABU Garcia, Daiwa Corporation, Accurate Fishing, Jiuyu Fishing Tackle Co. Ltd., Avet Reels, Galvan Fly Reels, Nautilus Reels, Echo Fly Fishing, Islander Reels, Eposeidon Outdoor Adventure Inc, Lamson, Loop Tackle Design, NingBo HaiBao Fishing Tackle Co. Ltd., Ross Reels, Zebco Brands.

North America was the largest region in the fishing reels market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fishing reels market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fishing reels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The fishing reels market consists of sales of conventional reels, electric reels, and low profile bait cast reel. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.