The Sports Fishing Equipment Market is being driven by Rise in popularity of recreational fishing
The Sports Fishing Equipment Market is expected to grow at a CAGR of 4.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3643.9 million. Companies in the sports fishing equipment market are strategically expanding their product offerings by introducing new variants to gain a competitive edge and boost market share. Innovative features are being integrated into these new products to attract customers and accelerate market growth. For instance, Sage Manufacturing showcased their latest offerings, the TROUT LL, PAYLOAD, and TROUT SPEY HD, at the European Fishing Tackle Trade Exhibition in Belgium. These new models, equipped with KonneticHD technology, ensure swift fishing action and cater to diverse customer needs. By continuously introducing advanced and innovative sports fishing equipment, market players aim to stay ahead of the competition and meet evolving consumer demands.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
216 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
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Market growth 2025-2029 |
USD 3643.9 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
3.6 |
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Key countries |
US, Canada, China, UK, Germany, Japan, India, France, Italy, and The Netherlands |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Sports Fishing Equipment Market encompasses various gear essential for recreational fishing, including fishing rods, fishhooks, lines, baits, sinkers, and grappling tools. Anglers also utilize equipment such as fishbrain apps, marine electronics technology like GPS systems and side-scanning sonar, and outdoor leisure activities involve the use of lures, hooks, lines, and sinkers. This equipment caters to the needs of anglers seeking to enhance their fishing experience.
The sports fishing equipment market is a subsegment of the larger global textiles, apparel, and luxury goods market. This market encompasses companies involved in the production and distribution of fishing rods, fishhooks, lines, baits, sinkers, and related accessories. The parent market, valued at [insert market size], includes entities engaged in the manufacturing and marketing of textiles, apparel, footwear, accessories, and luxury goods. Key growth drivers for this market include the expanding working population, particularly women, leading to increased disposable income and subsequent spending on recreational fishing gear.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
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