Latest News- Fishing Reels Market: Spinning reel is expected to lead the Product Type segment during 2025-2029

The Fishing Reels Market is being driven by Recreational fishing gaining traction

The Fishing Reels Market is expected to grow at a CAGR of 5.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1762 million. The Fishing Reels Market is experiencing significant growth due to the introduction of advanced technologies. Smart fishing reels, equipped with features such as Bluetooth connectivity and GPS monitoring, are gaining popularity amongst tech-savvy anglers. These innovative reels enable fishermen to connect their devices to their reels, providing real-time environmental and weather data, as well as fish behavior patterns. GPS monitoring facilitates precise marking and mapping of fishing sites, enhancing navigation and increasing catch rates. For instance, the Abu Garcia Virtual Fishing Reel offers Bluetooth connectivity, allowing users to link it to a smartphone app for weather updates and catch reporting. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Spinning reel
  • Baitcasting reel
  • Spincast reel
  • Others
• Distribution Channel
  • Offline
  • Online
• Material
  • Aluminum
  • Stainless steel
  • Graphite
  • Carbon fiber
• End-user
  • Recreational fishing
  • Professional fishing
  • Commercial fishing
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Recreational fishing gaining traction
• Innovations in reel design, materials, and features
• Rising demand for eco-friendly fishing equipment

However, the market also witnesses some limitations, which are as follows:

• Concerns related to fishing
• Challenges related to counterfeit or low-quality imitations of fishing reels
• Supply chain disruptions

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Market Scope in Fishing Reels Market Research Report

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Research Analysis Overview

The Fishing Reels Market encompasses various types of reels for diverse fishing activities, including fly fishing, kayak fishing, and both freshwater and saltwater fishing. Online distribution channels, such as e-commerce websites and specialty stores, offer durability, ease of use, and doorstep delivery. Anglers can also benefit from features like advanced technology, eco-friendly materials, and exchange or return policies. Offline distribution through sporting goods stores and discount stores remains an option, with competitive pricing and refund policies. Reels come in different materials like aluminum, stainless steel, and graphite, catering to various fishing styles and preferences. Spincast, spinning, fly, baitcasting reels, and fishing rods are all available, with versatility and innovation being key factors. Online platforms enable anglers to access a wide range of lure throws and fishing equipment for their leisure activity or competitive sport.

Market Research Overview

The Fishing Reels market is a significant segment of the larger Household Durables industry, which encompasses various categories such as consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. Technavio projects the global Household Durables market to grow due to several key factors, including the expansion of specialty fishing stores, the rise of sustainable and eco-friendly fishing practices, and the increasing participation of women anglers in competitive fishing events. Moreover, the demand for fishing reels with extended warranties, superior durability, and enhanced maneuverability is driving market competition. The growing health and fitness trend is also contributing to the market's growth, as more individuals seek outdoor recreational activities, including fishing, to improve their overall well-being.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/