Fishing Equipments Market Product Type (Rods, Reels, and Components, Line, Leaders, Lures, Files, Baits, Terminal Tackle, Electronics, Others) Water (Freshwater Fishing, Saltwater Fishing) Distribution Channel (Modern Trade Channels, Direct to Customer Brand Outlet, Direct to Customer Online Channel, Franchised Sports Outlet, Independent Sports Outlet, ) End User (Individual Consumers, Clubs, Sports Organizers) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Sep 2020 | 37 Views
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There is an increase in the involvement in different categories of fishing both in salty and fresh water. Fishing has been growing as a recreational sport in the past few decades and sport fishing associations are organizing more events & activities to promote fishing as a sport. Moreover, the millennials and children have showed more interest in fishing that was mostly preferred by old age people which has created demand for fishing equipment. These include gears and other necessary items that are needed while fishing. The fishing equipment include fishing rod, reels, hooks, baits, sinkers, lines, and others helping aids to ensure there are less problems during fishing. Innovations in the fishing equipment industry are related to applications, which provide information on weather, and location of abundant fish and Bluetooth enabled fishing rods which do not require continuous attention as traditional rods.


Market scope and structure analysis:

                 Report Metric


  Market size available for years


  Base year considered


  Forecast period


  Forecast units

  Value ($US)

  Segments covered

Product Type, Water, Distribution Channel, End User, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Newell (Jarden Corporation), Globeride(Daiwa), Shimano, Rapala VMC Corporation, Dongmi Fishing, RYOBI, Cabela’s Inc., Gamakatsu, Tica Fishing, Tiemco, Preston Innovations, Beilun Haibo, AFTCO Mfg., Okuma Fishing, Agua Drone and Barfilon Fishing.

COVID-19 Scenario Analysis: 

  • The impact of COVID-19 has stopped all the sports and recreational activity which has made the global fishing equipment market to face challenges.
  • The manufacturers are not getting supply of raw material and labors for running the factories. 
  • The market is expected to experience slow growth after lockdown as there will be restrictions for safety of people in some sectors.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Increase in popularity of fishing as a recreational sport has made the fishing equipment market to grow. Moreover, promotion of fishing by recreational sports associations, raising participation by millennials, awareness by government on fishing development, improvised access to new water bodies are the factors that drive the global fishing equipment market. In addition, the government around the world is focusing on restoration of marine habitat and ecosystem which can be done by fishing activities. However, the major constraints of the market are high prices of raw material and actions by PETA and other NGO’s.

The global Fishing Equipment Market trends are as follows:

New product launches to flourish the market

The launch of new fishing equipment with enhanced technology has been launched by leading market players. These companies have taken care of the problems that were faced during fishing and have come up with the required solutions for the sports. AguaDrone is the leading manufacturer in the segment of fish equipment which has customized the drone specifically to catch fish. The drone has a wireless sonar pod, which sends and receives the data to smartphone. The drone is designed to find fish using sonar, take images using the camera installed in it, come back to install the fishing bait & lure and again visit the same spot. The device is 100% water proof and can be used both in salty and fresh water. AguaDrone has become more popular among the young people and the ones with les patience to wait watch and catch fishes. 

North America and U.S. market is boosting up

There has been an increase in growth in fishing and recreational sports activities in North America and the youngsters are more actively participating in the fishing activities. U.S. is the largest market till now and majority of the fishing equipment are sold in the U.S. as fishing has altogether different craze there. Asia-Pacific market growing after North America due to increase in economic standard. 

Key Segments Covered:



  Product Type

  • Rods, Reels, and Components
  • Line, Leaders
  • Lures, Files, Baits
  • Terminal Tackle
  • Electronics
  • Others


  • Freshwater Fishing
  • Saltwater Fishing

  Distribution Channel

  • Modern Trade Channels
  • Direct to Customer Brand Outlet
  • Direct to Customer Online Channel
  • Franchised Sports Outlet
  • Independent Sports Outlet

  End User

  • Individual Consumers
  • Clubs
  • Sports Organizers

Key Benefits of the Report:

  • This study presents the analytical depiction of the global fishing equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fishing equipment market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global fishing equipment market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global fishing equipment market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Fishing Equipment Market Research Report:

  • What are the leading market players active in the fishing equipment market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
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