Fishing Reels Market Report 2025

The fishing reels market size has grown strongly in recent years. It will grow from $5.68 billion in 2024 to $5.99 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to growth in recreational fishing, expansion of fishing tourism, increase in fishing tournaments, expansion of e-commerce platforms, rise in fly fishing popularity.

The fishing reels market size is expected to see strong growth in the next few years. It will grow to $7.48 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increased focus on lightweight design, demand for specialized reels for different species, changes in environmental conservation regulations, customization and personalization, evolution of compact and portable reels. Major trends in the forecast period include innovation in gear technology, advances in materials, technological advancements in drag systems, sustainable fishing practices, integration of smart technologies, sustainable and eco-friendly designs, integration of ai for fishing assistance.

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.

The ongoing expansion of the e-commerce industry is expected to drive the growth of the fishing reel market in the future. E-commerce, which stands for electronic commerce, involves the buying and selling of goods and services online. The growth of e-commerce significantly benefits the fishing reel market by providing a convenient and extensive platform for anglers to discover and purchase a wide variety of reels from different brands. Online platforms allow manufacturers and retailers to reach a larger customer base, enabling anglers to easily access and compare various models, features, and price points before making informed purchasing choices. For instance, in August 2024, the U.S. Census Bureau, a government agency in the U.S., reported that in the second quarter of 2024, U.S. retail e-commerce sales, adjusted for seasonal variations but not for price changes, reached $291.6 billion. This marks a 1.3 percent increase (± 0.7) compared to the first quarter of 2024. Thus, the expanding e-commerce industry is driving the growth of the fishing reel market.

A key trend gaining popularity in the fishing reels market is the introduction of product innovations. Major companies in the fishing reels market are dedicated to developing innovative products and solutions to maintain their competitive positions. In July 2023, Shimano Inc., a Japan-based cycling company, unveiled the Curado 200 M, a low-profile power baitcasting fishing reel. This reel, designed for bass fishermen using heavier lines and lures, features advanced components for durability and optimal performance. The Curado 200 M incorporates Shimano's MagnumLite (MGL) Spool III to reduce startup inertia, SilentTune technology for quieter casts, and SVS Infinity braking technology for precise casting and reliable spool management. These innovations enhance the reel's performance in challenging situations or when switching between baits.

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 include 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 2024. 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, 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, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Fishing reels are mechanical devices crafted to release and retrieve fishing lines attached to fishing rods, providing control over the line's movement for casting and reeling in fish.

The primary types of fishing reel products include spinning, spin-cast, fly reel, baitcasting, and others. Spinning reels, widely used for recreational fishing, are mounted beneath fishing rods, known for their versatility and user-friendly design. These reels are constructed from various materials such as aluminum, graphite, and stainless steel. Suitable for both freshwater and saltwater fishing, they incorporate mechanisms such as anti-reverse and direct-drive reels. Fishing reels are available through diverse distribution channels, including modern trade, outdoor sport stores, online sales, and others.

The fishing reels market research report is one of a series of new reports that provides fishing reels market statistics, including fishing reels industry global market size, regional shares, competitors with a fishing reels market share, detailed fishing reels market segments, market trends and opportunities, and any further data you may need to thrive in the fishing reels industry. This fishing reels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.

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