Global Fishing Equipment Market Analysis and Forecast 2019-2028
$2,800.00 – $5,440.00
Growing participation in recreational fishing coupled with the expansion of fishing tourism lead the fishing equipment market to witness significant growth
The global fishing equipment market is estimated to witness a considerable growth rate of around 6.8% during the forecast period of 2023–2028 and was valued at around US$ 13.1 billion in 2022. The global fishing equipment market is primarily driven by growing participation in recreational fishing, expansion of fishing tourism, innovation, and technological advancements, and growing preference for sustainable fishing practices.
The commercial fishing industry is expanding globally to meet the rising demand for seafood. This growth in commercial fishing contributes to the demand for specialized fishing equipment designed for professional fishermen and commercial fishing operations. The need for durable and efficient equipment, such as commercial fishing nets, longlines, and fish-finding technology, drives the global fishing equipment market. Furthermore, the growth of e-commerce and online retailing platforms has significantly influenced the fishing equipment market.
The dominance of fishing rods and reels in the global fishing equipment market
Fishing rod and fishing reel segments are typically considered the dominant segments in terms of market share. Fishing rods are essential tools for anglers, and they come in various types, materials, lengths, and power ratings. The fishing rod segment holds a significant share of the global fishing equipment market due to its widespread use across different fishing styles and target species. Whether it’s freshwater fishing, saltwater fishing, fly fishing, or ice fishing, anglers require suitable fishing rods to cast their lines and handle fish effectively.
In addition, Fishing reels are another crucial component of fishing equipment that is widely used by anglers. They enable anglers to retrieve and control fishing lines smoothly, providing a mechanical advantage while catching fish. The fishing reel segment is dominant due to its necessity across various fishing techniques and its role in determining line retrieval speed, drag system, and line capacity.
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Increasing popularity of the fishing sport and a growing number of anglers is the major reason behind the dominance of Asia Pacific in the global fishing equipment market
Asia Pacific is anticipated to be the dominant region for the global fishing equipment market. The fishing equipment market in the region is being driven by the increasing popularity of fishing as a sport, the growing number of anglers, and the rising disposable income of consumers. China is one of the major markets for fishing equipment in the Asia Pacific, followed by India and Japan.
North America is another prominent market for fishing equipment. The fishing equipment market in the region is being driven by the increasing popularity of fishing as a sport, the growing number of anglers, and favorable government policies. In Europe, the fishing equipment market is expected to grow significantly due to the increasing popularity of fishing as a sport, the growing number of anglers, and the rising disposable income of consumers.
Market Structure and Competition Landscape
The global fishing equipment market is fragmented in nature with the presence of various players operating in the market. Some of the prominent players that contribute significantly to the global fishing equipment market include Shimano Inc, Newell Brands Inc., Rapala VMC Corporation, Pure Fishing Inc., Globeride International, Inc., Eagle Claw Fishing Tackle Company, Berkley Fishing LLC, Okuma Fishing Tackle, Inc., KastKing Fishing, LLC, Piscifun Fishing Tackle Co., Ltd., Fishing, LLC, Ugly Stik Fishing, LLC, St. Croix Rods, and Daiwa Corporation among others.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the global fishing equipment market. Some of the recent developments in the global fishing equipment market include,
- In August 2022, Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture, and market sporting and outdoor products to consumers across the globe, announced the acquisition of Bozeman, Mont.-based Simms Fishing Products for a purchase price of US$ 192.5 million.
Key Market Segmentation
RationalStat has segmented the global fishing equipment market based on type, fishing type, distribution channel, and region.
- By Type
- Rods
- Reels
- Lures
- Lines
- Hooks
- Bait
- Other Accessories
- By Fishing Type
- Freshwater
- Saltwater
- Fly Fishing Equipment
- Ice Fishing Equipment
- By Distribution Channel
- Online/Company Website
- Offline
- Supermarkets / Hypermarkets
- Specialty Stores
- Departmental Stores
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for government organizations, market educational organizations, IoT industry players, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The global Fishing Equipment market is expected to grow at a CAGR of 6.8% during the forecast period 2023-2028.
Asia Pacific is expected to dominate the global Fishing Equipment market in 2022.
The global Fishing Equipment market is estimated at around US$ 13.1 billion in 2022.
Growing participation in recreational fishing coupled with the expansion of fishing tourism lead the fishing equipment market to witness significant growth.
Major companies operating in the global Fishing Equipment market include Shimano Inc, Newell Brands Inc., Rapala VMC Corporation, Pure Fishing Inc., Globeride International, Inc., Eagle Claw Fishing Tackle Company, Berkley Fishing LLC, Okuma Fishing Tackle, Inc., and KastKing Fishing LLC, among others.
| REGION | Global |
|---|---|
| RELEASE YEAR | 2023 |
| RESEARCH CODE | RST-SAR-2140 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Global and Regional Population Overview and Forecast
6.1.2. Per Capita Income by Select Countries
6.1.3. GDP Analysis and Forecast: 2018-2028
6.1.4. Consumer Spending Analysis
6.1.5. Fishing and Sports Industry by Region
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.2. Component Manufacturers
6.3.3. Manufacturers
6.3.4. Distributors and Resellers
6.3.5. End User
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Fishing Equipment Market: Key Investment Analysis
9.1. By Companies
9.2. By Region
9.3. M&A Activities
Robust assessment of major investments made by various industry players in the areas ranging from the application, production, key end users, etc
10. Penetration of Fishing Equipment by Region
10.1.North America
10.2.Latin America
10.3.Western Europe
10.4.Eastern Europe
10.5.Asia Pacific
10.6.Middle East and Africa
11. EXIM Analysis: Trade
11.1.Import Data by Value (US$ Million) and Volume (‘000 Units)
11.1.1. Major Importing Countries
11.1.2. Key Import Destinations
11.2.Export Data by Value (US$ Million) and Volume (‘000 Units)
11.2.1. Major Exporting Countries
11.2.2. Key Export Destinations
12. Pricing Analysis
12.1.By Type
12.1.1. Rods
12.1.2. Reels
12.1.3. Lures
12.1.4. Lines
12.1.5. Hooks
12.1.6. Other (Bait, etc.)
12.2.By Region
12.2.1. North America
12.2.2. Western Europe
12.2.3. Eastern Europe
12.2.4. Asia Pacific
12.2.5. Latin America
12.2.6. Middle East and Africa
13. Parent Market Overview: Global Electronics Test and Measurement Equipment Market (US$ Billion)
14. Segmental Analysis
14.1.Global Fishing Equipment Market by Type in Terms of Value (US$ Million) and Volume (‘000 Units)
14.1.1. Rods
14.1.2. Reels
14.1.3. Lures
14.1.4. Lines
14.1.5. Hooks
14.1.6. Other (Bait, etc.)
14.2.Global Fishing Equipment Market by Fishing Type in Terms of Value (US$ Million) and Volume (‘000 Units)
14.2.1. Freshwater
14.2.2. Saltwater
14.2.3. Fly Fishing Equipment
14.2.4. Ice Fishing Equipment
14.3.Global Fishing Equipment Market by Distribution Channel in Terms of Value (US$ Million) and Volume (‘000 Units)
14.3.1. Online/Company Website
14.3.2. Offline
14.3.2.1. Supermarkets / Hypermarkets
14.3.2.2. Specialty Stores
14.3.2.3. Departmental Stores
14.4.Global Fishing Equipment Market by Region in Terms of Value (US$ Million) and Volume (‘000 Units)
14.4.1. North America
14.4.2. Latin America
14.4.3. Western Europe
14.4.4. Eastern Europe
14.4.5. Asia Pacific `
14.4.6. Middle East & Africa
15. Regional Analysis
15.1.North America Fishing Equipment Market Analysis and Forecast 2019-2028
15.1.1. Regional Market Overview and Key Takeaways
15.1.2. North America Fishing Equipment Market by Type
15.1.3. North America Fishing Equipment Market by Fishing Type
15.1.4. North America Fishing Equipment Market by Distribution Channel
15.1.5. North America Fishing Equipment Market by Country
15.1.5.1. US
15.2.Latin America Fishing Equipment Market Analysis and Forecast 2019-2028
15.2.1. Regional Market Overview and Key Takeaways
15.2.2. Latin America Fishing Equipment Market by Type
15.2.3. Latin America Fishing Equipment Market by Fishing Type
15.2.4. Latin America Fishing Equipment Market by Distribution Channel
15.2.5. Latin America Fishing Equipment Market by Country
15.2.5.1. Brazil
15.2.5.2. Mexico
15.2.5.3. Rest of Latin America
15.3.Western Europe Fishing Equipment Market Analysis and Forecast 2019-2028
15.3.1. Regional Market Overview and Key Takeaways
15.3.2. Western Europe Fishing Equipment Market by Type
15.3.3. Western Europe Fishing Equipment Market by Fishing Type
15.3.4. Western Europe Fishing Equipment Market by Distribution Channel
15.3.5. Western Europe Fishing Equipment Market by Country
15.3.5.1. Germany
15.3.5.2. UK
15.3.5.3. France
15.3.5.4. Spain
15.3.5.5. Italy
15.3.5.6. Benelux
15.3.5.7. Nordic
15.3.5.8. Rest of Western Europe
15.4.Eastern Europe Fishing Equipment Market Analysis and Forecast 2019-2028
15.4.1. Regional Market Overview and Key Takeaways
15.4.2. Eastern Europe Fishing Equipment Market by Type
15.4.3. Eastern Europe Fishing Equipment Market by Fishing Type
15.4.4. Eastern Europe Fishing Equipment Market by Distribution Channel
15.4.5. Eastern Europe Fishing Equipment Market by Country
15.4.5.1. Russia
15.4.5.2. Poland
15.4.5.3. Rest of Eastern Europe
15.5.Asia Pacific Fishing Equipment Market Analysis and Forecast 2019-2028
15.5.1. Regional Market Overview and Key Takeaways
15.5.2. Asia Pacific Fishing Equipment Market by Type
15.5.3. Asia Pacific Fishing Equipment Market by Fishing Type
15.5.4. Asia Pacific Fishing Equipment Market by Distribution Channel
15.5.5. Asia Pacific Fishing Equipment Market by Country
15.5.5.1. China
15.5.5.2. Japan
15.5.5.3. India
15.5.5.4. South Korea
15.5.5.5. Australia
15.5.5.6. ASEAN
15.5.5.7. Rest of Asia-Pacific
15.6.Middle East & Africa Fishing Equipment Market Analysis and Forecast 2019-2028
15.6.1. Regional Market Overview and Key Takeaways
15.6.2. Middle East & Africa Fishing Equipment Market by Type
15.6.3. Middle East & Africa Fishing Equipment Market by Fishing Type
15.6.4. Middle East & Africa Fishing Equipment Market by Distribution Channel
15.6.5. Middle East & Africa Fishing Equipment Market by Country
15.6.5.1. GCC
15.6.5.2. South Africa
15.6.5.3. Turkey
15.6.5.4. Rest of the Middle East & Africa
16. Competitive Landscape
16.1.Competition Dashboard
16.1.1. Global and Regional Market Share Analysis
16.1.2. Market Structure
16.2.Competitive Benchmarking
16.3.Key Strategy Analysis
16.4.Company Profiles
16.4.1. Shimano Inc
16.4.1.1. Company Overview
16.4.1.2. Product/Service Offerings
16.4.1.3. Financials
16.4.1.4. Recent Developments
16.4.2. Newell Brands Inc.
16.4.2.1. Company Overview
16.4.2.2. Product/Service Offerings
16.4.2.3. Key Financials
16.4.2.4. Recent Developments
16.4.3. Rapala VMC Corporation
16.4.3.1. Company Overview
16.4.3.2. Product/Service Offerings
16.4.3.3. Key Financials
16.4.3.4. Recent Developments
16.4.4. Pure Fishing Inc.
16.4.4.1. Company Overview
16.4.4.2. Product/Service Offerings
16.4.4.3. Key Financials
16.4.4.4. Recent Developments
16.4.5. Globeride International, Inc.
16.4.5.1. Company Overview
16.4.5.2. Product/Service Offerings
16.4.5.3. Key Financials
16.4.5.4. Recent Developments
16.4.6. Eagle Claw Fishing Tackle Company
16.4.6.1. Company Overview
16.4.6.2. Product/Service Offerings
16.4.6.3. Key Financials
16.4.6.4. Recent Developments
16.4.7. Berkley Fishing LLC
16.4.7.1. Company Overview
16.4.7.2. Product/Service Offerings
16.4.7.3. Key Financials
16.4.7.4. Recent Developments
16.4.8. Okuma Fishing Tackle, Inc.
16.4.8.1. Company Overview
16.4.8.2. Product/Service Offerings
16.4.8.3. Financials
16.4.8.4. Recent Developments
16.4.9. KastKing Fishing, LLC
16.4.9.1. Company Overview
16.4.9.2. Product/Service Offerings
16.4.9.3. Financials
16.4.9.4. Recent Developments
16.4.10. Piscifun Fishing Tackle Co., Ltd.
16.4.10.1. Company Overview
16.4.10.2. Product/Service Offerings
16.4.10.3. Financials
16.4.10.4. Recent Developments
16.4.11. Fishing LLC
16.4.11.1. Company Overview
16.4.11.2. Product/Service Offerings
16.4.11.3. Financials
16.4.11.4. Recent Developments
16.4.12. Ugly Stik Fishing, LLC
16.4.12.1. Company Overview
16.4.12.2. Product/Service Offerings
16.4.12.3. Financials
16.4.12.4. Recent Developments
**A comprehensive list of more than 356 fishing equipment manufacturers will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities.
17. Disclaimer
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Research Methodology
Complete Table of Contents, List of Charts and Tables
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