rise in popularity of recreational fishing is driving the Sports Fishing Equipment Market

Latest News:- Sports Fishing Equipment Market: Fishing rod is expected to lead the Product segment during 2024-2028

Technavio analyzes that the Sports Fishing Equipment Market is expected to grow at a CAGR of 3.97% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3.25 billion.There are various factors that contribute to the growth of the market. The sports fishing equipment market is experiencing significant growth due to the increasing popularity of recreational fishing as a pastime. Anglers of all skill levels seek advanced gear to enhance their fishing experience. Key trends include the adoption of technologically-advanced fishing rods, reels, and accessories, as well as sustainable and eco-friendly equipment options. The market is expected to continue expanding as more individuals discover the joys of fishing.

In the fishing industry, fishing rods are essential equipment for engaging in water-based sports activities. These tools come in various lengths, with short rods having less bend and being suitable for precise casting, while long rods offer greater reach for long-distance casting and deep fishing. Notable types of fishing rods include casting rods, spinning rods, fly rods, and pen rods, each designed for specific fishing environments and fish species. Prominent vendors in the global market offering fishing rods include Eagle Claw Fishing Tackle Co., providing customized solutions for recreational fishing clubs and fishing associations. 

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Sports Fishing Equipment Market Segmentation

• Product
  • Fishing rod
  • Fishing reel
  • Fishing lure
  • Terminal tackle and others
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• AFTCO Mfg. Co. Inc.
• BPS Direct LLC
• Eagle Claw Fishing Tackle Co.
• Eppinger Manufacturing
• Gamakatsu USA Inc.
• Globeride Inc.
• Grandt Industries Inc.
• Jim Teeny Inc.
• O. Mustad and Son A.S.
• OKUMA FISHING TACKLE Co. Ltd.
• PRADCO Outdoor Brands Inc.
• Pure Fishing Inc.
• Rapala VMC Corp.
• Rather Outdoors Corp.
• Rome Specialty Co. Inc.
• Sea Master Enterprise Co. Ltd.
• SHIMANO INC.
• St. Croix of Park Falls Ltd.
• Taylor Fly Fishing
• Tica Fishing Tackle

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Research Analysis Overview

The Sports Fishing Equipment Market encompasses a range of gear for recreational anglers, including fishing rods, fishhooks, lines, baits, sinkers, and grappling hooks. Outdoor leisure activities like fishing continue to grow in popularity, leading to increased sales of equipment. Fishbrain, a fishing app, and marine electronics technology, such as GPS systems and side-scanning sonar, are also driving demand. Anglers use this equipment with lures, sinkers, and other baits to catch fish.

Market Research Overview

The global sports fishing equipment market is a significant segment of the larger leisure products market, which falls under the household durables sector. According to Technavio, this market's growth is driven by the expansion of the global household durables market, which encompasses manufacturers of various product categories, including leisure products. Factors contributing to the growth of the leisure products market include the rise in health and fitness club memberships, indicating a trend towards outdoor recreational activities, such as sports fishing. This trend is expected to continue, leading to increased demand for fishing equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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