Global Fishing Equipments Market Size By Type (Fishing Rods, Nets And Traps), By Nature (Freshwater, Saltwater), By Distribution Channel (Online, Offline), By Geographic Scope And Forecast

Fishing Equipments Market Size And Forecast

Fishing Equipments Market size was valued at USD 14583 Million in 2021 and is projected to reach USD 20866 Million by 2030, growing at a CAGR of 4.07% from 2022 to 2030.

The introduction of new fishing equipment with advanced technology by leading market players has increased public interest in fishing. These fish equipment manufacturers have addressed issues that arise during fishing and developed appropriate solutions. Additionally, rising recreational fishing participation and the expansion of fish-based tourism in developing countries are expected to drive the Fishing Equipments Market during the forecast period. The Global Fishing Equipments Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Fishing Equipments Market Definition

Fishing is a human activity that involves attempting to catch fish. Fish are frequently caught as wildlife in natural settings, but they can also be caught in stocked bodies of water such as ponds, canals, park wetlands, and reservoirs. Hand-gathering, spearing, netting, angling, shooting, and trapping are all forms of fishing, as are more destructive (and often illegal) methods like electrocution, blasting, and poisoning. Catching aquatic animals other than fish, such as crustaceans (especially lobsters and large crayfish), mollusks (especially cephalopods like squids and cuttlefish), and echinoderms, is referred to as “fishing” (such as starfish and sea urchins).

Harvesting fish raised in controlled cultivations (referred to as fish farming) and aquatic mammals and reptiles such as whales, seals, crocodilians, and turtles (referred to as “whaling,” “sealing,” and “turtling”) are more appropriate terms and are generally regarded as hunting practices rather than fishing. Fishing has been a part of human culture since hunter-gatherer times, and it is one of the few food production activities that has survived both the Neolithic and Industrial Revolutions.

Fish are caught for recreational purposes in addition to being eaten for food. Fishing tournaments are held, and caught fish are sometimes preserved or kept as living trophies for a long time. Fish are typically caught, identified, and released during bioblitzes. Fishing equipment is made to attract and catch fish. Fishing equipment is a tool used to capture marine/aquatic resources, whereas the fishing method is how the equipment is used. Furthermore, a single piece of equipment can be used in a variety of ways. To effectively catch different target species, different fishing equipment is required.

Global Fishing Equipments Market Overview

The growth drivers for the market are the rise in sports fishing, innovation in fishing equipment, developments in fishing techniques, the emergence of e-commerce channels and rising recreational fishing participation, and the expansion of fish-based tourism. The widespread use of the internet has resulted in a significant increase in the number of people using social media.

As a result, the majority of players in the Fishing Equipments Market intend to use social media to promote their goods and services. This is expected to be one of the major influences on market trends for fishing equipment. To meet consumer demand for fishing equipment, companies are expanding their product lines and implementing novel technology. For example, in October 2019, Fishbrain, a social network for anglers, launched an in-app fishing tackle shop, allowing members to find and purchase fishing equipment from a variety of brands.

Over the last few years, there have been numerous changes in the online world. For example, in June 2018, Asia Portal Fishing, a Japanese fishing tackle company, launched a new cross-border online platform with 200,000 pieces of fishing equipment available worldwide. The restraints for the market growth are Actions by PETA and other NGOs against hunting and the Impact of fishing equipment on the environment. Whereas the opportunities are the availability of fishing equipment for children.

Global Fishing Equipments Market Segmentation Analysis

The Global Fishing Equipments Market is Segmented on the basis of Type, Nature, Distribution Channel, And Geography.

Fishing Equipments Market, By Type

• Fishing Rods
• Nets And Traps
• Hooks
• Reels
• Fishing Lines
• Sinkers
• Others

Based on Type, The market is segmented into fishing rods, nets and traps, hooks, reels, fishing lines, sinkers, and others. The market for fishing equipment is dominated by fishing reels, which account for more than. A fishing reel is a cylindrical device used to wind and stow lines that are attached to a fishing rod. It’s a crucial step in the fishing process.

Freshwater reels are suitable for use near lakes, rivers, and streams, whereas saltwater reels are suitable for use near bays and oceans. Casting reels, spinning reels, and fly-fishing reels are the three most common types of reels. Furthermore, advancements in fishing equipment, such as high-speed fishing reels that aid in the capture of large fish, are increasing angler demand for this type of gear.

Fishing Equipments Market, By Nature

• Freshwater
• Saltwater
• Fly Fishing

Based on Nature, The market is segmented into freshwater, saltwater, and fly fishing. The freshwater segment had the largest market share by default, followed by the saltwater segment. This was attributed to an increase in commercial and domestic freshwater fishing activities.

Fishing Equipments Market, By Distribution Channel

• Online
• Offline

Based on Distribution Channel, The market is segmented into Online and Offline. The offline segment dominates the market and is expected to continue to do so throughout the forecast period for fishing equipment. Furthermore, the growth of the offline segment is fueled by an increase in specialty store openings across various regions in order to expand customer reach and base.

Fishing Equipments Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global Fishing Equipments Market is classified into North America, Europe, Asia Pacific, and Rest of the world. With rising consumer disposable income and a shift in dietary preferences, the Fishing Equipments Market in the Asia Pacific is expected to grow significantly. Non-vegetarian diets are becoming more popular in the Asia Pacific.

Key Players

The “Global Fishing Equipments Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Rome Specialty Company, Inc., Daiwa Corporation, Pure Fishing, Inc., Sea Master Enterprise Co., Ltd., Maver UK Ltd, Jarvis Walker Pty, Inc., Pradco Outdoor Brands, Johnson Outdoors Inc., Okuma Fishing Tackle Co., Ltd, and Tica Fishing Tackle, among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In February 202, Pure Fishing Inc. announced the acquisition of Svendsen Sport, a European fishing tackle supplier that owns the Savage Gear, Prologic, MadCat, WaterWolf, and DAM brands.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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