According to IMARC Group’s latest report, titled “Sports Fishing Equipment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global sports fishing equipment to continue its moderate growth during the next five years.
Sports fishing equipment refer to the devices used for recreational fishing activities and competitions. They mainly include fishing rods, fishhooks, lines, baits, lures, sinkers, etc. These tools are used for fishing without grappling, gear, stunning, line fishing, trapping, fishing with bag nets, trawling seining, and gillnetting. The fishing lines are tied to attract, hold, and capture the fishes with natural or artificial bait. These lines are linked to casting, spinning, and fly-fishing reels, which help in hunting large-sized fishes and shellfishes. Various handheld equipment, such as spears and harpoons, can also be thrown with a thrust to wound and catch the fish.
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Market Trends
The expanding fishing industry, along with increasing participation in water-based sports activities, is primarily driving the market for sports fishing equipment. Moreover, the rising number of fishing associations and recreational fishing clubs is also propelling the market growth. Furthermore, rising investments in the development of high-quality fishing equipment and aggressive promotional activities by manufacturers also contribute to the growth of the sports fishing equipment market. In addition to this, several key players are launching innovative product variants connected with sensors, thereby propelling the market growth. Furthermore, growing consumer preferences towards outdoor recreational activities are further expected to drive the market for sports fishing equipment.
Sports Fishing Equipment 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AFTCO Mfg. Co. Inc.
- Gamakatsu
- Globeride Inc.
- Newell Brands
- Mustad & Son
- Okuma Fishing Tackle Corp.
- Rapala VMC Corporation (Sofina)
- Shimano Inc.
The report has segmented the market on the basis of product type, application, end user, distribution channel and region.
Breakup by Product Type:
- Fishing Rods
- Fishing Reels
- Fishing Hooks
- Fishing Lures
- Fishing Lines
- Fishing Rigs
- Fishing Jig Heads
- Others
Breakup by Application:
- Freshwater Fishing
- Saltwater Fishing
Breakup by End User:
- Individual Consumer
- Clubs
- Sports Organizers
Breakup by Distribution Channel:
- Specialty and Sports Stores
- Departmental and Discount Stores
- Online Stores
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
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