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Report: Fishing Equipment Market to Reach $23 Billion by 2032

Allied Market Research has published a report titled, “Fishing Equipment Market by Type (Hooks, Lines, Sinkers & Floats, Rods, Reels, Nets & Traps, Spear & Gaffs, and Others). Nature (Fresh Water, Salt Water, and Fly Fishing), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2022-2032.” According to the report, the global fishing equipment market size was valued at $14.5 billion in 2022 and is projected to reach $23 billion by 2032, growing at a compound annual growth rate of 4.8 percent from 2023 to 2032. A sample copy of the report can be requested online here.

Report Coverage & Details

Report CoverageDetails
Forecast Period2023-2032
Base Year2022
Market Size in 2022$14.5 billion
Market Size in 2032$23 billion
CAGR4.8 percent
No. of Pages in Report310
Segment coveredType, Nature, Distribution Channel, and Region
DriversRise in sportfishing
Innovation in fishing equipment
Developments in fishing techniques
OpportunitiesAvailability of fishing equipment for children
The expansion of e-commerce
RestraintsActions by PETA and other NGOs against hunting/fishing
Impact of fishing equipment on environment

The complete report can be purchased online here.

Some of the claims made in the comprehensive report:

  • Hooks segment to maintain highest market share
  • Freshwater segment to retain its dominance through 2032
  • Offline segment to maintain its leadership status
  • North America to maintain its dominance

The report also identifies the following manufacturers as “leading market players”:

  • Rome Specialty Co. Inc.
  • Globeride Inc.
  • Pure Fishing Inc.
  • Sea Master Enterprise Co. Ltd.
  • Maver UK Ltd.
  • Jarvis Walker Pty Ltd.
  • PRADCO Outdoor Brands
  • Johnson Outdoors Inc.
  • Tica Fishing Tackle
  • Bright Tribe Inc.

The report analyzes these key players in the global fishing equipment market. According to the report, these players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry.

Other reports that are available from Allied Market Research:

• Fishing Reels Market Opportunity Analysis and Industry Forecast, 2021-2031
• Fish Finding System Market Opportunity Analysis and Industry Forecast, 2023-2032
• Saltwater Fishing Gear and Tackle Market Opportunity Analysis and Industry Forecast, 2023-2032
• Fishing Rods and Reels Market Opportunity Analysis and Industry Forecast, 2023-2032
• Fishing Gear Subscription Service Market Opportunity Analysis and Industry Forecast, 2023-2032