Industry Trends, Size, Share, Analysis & Forecast – Stillwater Current
The global sport fishing equipment market has shown moderate growth during the period 2015-2020. Going forward, the market is expected to grow at a CAGR of around 4% during 2021-2026, according to the latest report from IMARC Group.
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Sport fishing equipment refers to devices used for recreational fishing activities and competitions. They mainly include fishing rods, hooks, lines, baits, lures, sinkers, etc. These tools are used for grappling, gear, stunning, angling, trapping, sack net fishing, seine and gillnet trawling. Fishing lines are attached to attract, hold and capture fish with natural or artificial bait. These lines are tied to spinning, spinning and fly fishing reels, which help hunt large fish and shellfish. Various portable equipment, such as spears and harpoons, can also be thrown with a push to injure and catch fish.
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The expanding fishing industry, along with the increasing participation in water sport activities, is primarily driving the sport fishing equipment market. Moreover, the increasing number of fishing associations and recreational fishing clubs is also propelling the market growth. In addition, the increasing investments in the development of high quality fishing equipment and the aggressive promotional activities by manufacturers are also contributing to the growth of the sport fishing equipment market. In addition to this, several key players are launching innovative product variants connected with sensors, thus propelling the growth of the market. In addition, the growing consumer preferences for outdoor recreational activities are also expected to boost the sport fishing equipment market.
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The report has segmented the market on the basis of product type, application, end user, distribution channel, and geography.
Breakdown by product type:
- Fishing rods
- Fishing reels
- Fishing hooks
- Fishing lures
- Fishing lines
- Fishing platforms
- Fishing jig heads
Breakdown by application:
- Freshwater fishing
- Saltwater fishing
Breakdown by end user:
- Individual consumer
- Sports organizers
Breakdown by distribution channel:
- Specialty stores and sports shops
- Departmental stores and discount stores
- Online stores
Distribution by geography:
- North America (United States and Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia and others)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
- Latin America (Brazil, Mexico)
- Middle East and Africa
The report also analyzed the competitive landscape of the market with some of the major players being AFTCO Mfg. Co. Inc., Gamakatsu, Globeride Inc., Newell Brands, O. Mustad & Son, Okuma Fishing Tackle Corp., Rapala VMC Corporation (Sofina) and Shimano Inc.
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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