The global market for Sports Fishing Equipment is estimated at US$14.5 Billion in 2023 and is projected to reach US$19.5 Billion by 2030, growing at a CAGR of 4.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the sports fishing equipment market is driven by several factors. Technological advancements have significantly improved the functionality and effectiveness of fishing gear, making the sport more accessible and enjoyable for a broader audience. Innovations such as smart fishing rods with integrated sensors that detect fish bites, advanced fish finders that provide detailed underwater imaging, and eco-friendly materials that reduce environmental impact are particularly appealing to tech-savvy and environmentally conscious consumers. The rise in disposable income and increasing interest in outdoor recreational activities have also contributed to market expansion, as more people invest in high-quality gear for leisure and competitive fishing. Additionally, the growing popularity of catch-and-release fishing and conservation efforts have promoted sustainable practices, leading to a demand for equipment that minimizes harm to fish and the environment, such as barbless hooks and biodegradable baits. Social media and digital platforms play a crucial role in popularizing sports fishing, with influencers and online communities sharing tips, techniques, and product recommendations, further driving consumer interest and market growth. The trend towards experiential travel and adventure tourism also fuels the market, as more people seek unique fishing experiences in exotic locations, creating demand for specialized equipment designed for different environments and types of fish.
The growth in the sports fishing equipment market is driven by several factors. Technological advancements have significantly improved the functionality and effectiveness of fishing gear, making the sport more accessible and enjoyable for a broader audience. Innovations such as smart fishing rods with integrated sensors that detect fish bites, advanced fish finders that provide detailed underwater imaging, and eco-friendly materials that reduce environmental impact are particularly appealing to tech-savvy and environmentally conscious consumers. The rise in disposable income and increasing interest in outdoor recreational activities have also contributed to market expansion, as more people invest in high-quality gear for leisure and competitive fishing. Additionally, the growing popularity of catch-and-release fishing and conservation efforts have promoted sustainable practices, leading to a demand for equipment that minimizes harm to fish and the environment, such as barbless hooks and biodegradable baits. Social media and digital platforms play a crucial role in popularizing sports fishing, with influencers and online communities sharing tips, techniques, and product recommendations, further driving consumer interest and market growth. The trend towards experiential travel and adventure tourism also fuels the market, as more people seek unique fishing experiences in exotic locations, creating demand for specialized equipment designed for different environments and types of fish.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fishing Rods, Reels, & Poles segment, which is expected to reach US$7.9 Billion by 2030 with a CAGR of a 4.0%. The Lures, Flies, & Baits segment is also set to grow at 5.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.8 Billion in 2023, and China, forecasted to grow at an impressive 6.8% CAGR to reach $2.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Sports Fishing Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Sports Fishing Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Sports Fishing Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Acme United Corporation, Cabela`s, Inc., Globe Ride Co., Ltd. (Globeride, Inc.), and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 159 Featured):
- Acme United Corporation
- Cabela`s, Inc.
- Globe Ride Co., Ltd. (Globeride, Inc.)
- SICOR - SOCIEDADE INDUSTRIAL DE CORDOARIA, S.A.
- Tacx B.V. and Tacx International B.V.
- Normark Corporation (Rapala USA)
- Deeper, Uab,
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISITALYSPAINRUSSIAREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned
- Acme United Corporation
- Cabela`s, Inc.
- Globe Ride Co., Ltd. (Globeride, Inc.)
- SICOR - SOCIEDADE INDUSTRIAL DE CORDOARIA, S.A.
- Tacx B.V. and Tacx International B.V.
- Normark Corporation (Rapala USA)
- Deeper, Uab,
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 307 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 14.5 Billion |
| Forecasted Market Value ( USD | $ 19.5 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
