Fishing Equipment Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Fishing Equipment market, covering current trends, market size, and growth forecasts from 2023 to 2033. It includes insights into industry dynamics, segmentation, regional analyses, and competitive landscape highlights.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $15.00 Billion |
| CAGR (2023-2033) | 6.2% |
| 2033 Market Size | $27.79 Billion |
| Top Companies | Shimano Inc., Daiwa Corporation, Pure Fishing, Inc., Zebco Brands |
| Last Modified Date | 15 Nov 2024 |
Fishing Equipment Market Report (2023 - 2033)
Fishing Equipment Market Overview
What is the Market Size & CAGR of Fishing Equipment market in 2023?
Fishing Equipment Industry Analysis
Fishing Equipment Market Segmentation and Scope
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Fishing Equipment Market Analysis Report by Region
Europe Fishing Equipment Market Report:
The European fishing equipment market is expected to grow from $4.11 billion in 2023 to $7.62 billion by 2033. Increased environmental awareness and the popularity of sustainable fishing practices are contributing to market growth. Countries like Germany and the UK show particularly robust growth due to their established recreational fishing sectors.Asia Pacific Fishing Equipment Market Report:
In 2023, the Asia Pacific fishing equipment market is valued at approximately $2.93 billion, with a projected growth to $5.43 billion by 2033. This region is experiencing rapid growth due to the increasing participation in fishing activities and rising disposable income. Countries like China and India have a significant impact on market growth through expanding consumer bases and increasing urbanization.North America Fishing Equipment Market Report:
With a market size of $5.50 billion in 2023, North America is poised to reach approximately $10.19 billion by 2033. The North American market is supported by high levels of consumer spending on recreational fishing and a strong culture of outdoor activities. The United States stands as the largest market, driven by innovations in product offerings and strong retail presence.South America Fishing Equipment Market Report:
The South America fishing equipment market is valued at approximately $1.36 billion in 2023, growing to $2.52 billion by 2033. Key growth drivers include increasing tourism and recreational fishing activities in coastal areas. Brazil and Argentina are leading contributors to market growth, emphasizing sustainable fishing practices.Middle East & Africa Fishing Equipment Market Report:
Valued at $1.09 billion in 2023 and growing to $2.03 billion by 2033, the Middle East and Africa market is driven by an increase in fishing as a leisure activity. As economies in this region develop, there is a growing demand for quality fishing equipment, particularly in countries with extensive coastlines.Request a custom research report for industry.
Fishing Equipment Market Analysis By Equipment Type
Global Fishing Equipment Market, By Equipment Type Market Analysis (2023 - 2033)
In 2023, fishing tackle dominates the market, valued at approximately $10.18 billion and expected to reach $18.86 billion by 2033, capturing a 67.86% market share. Fishing accessories contribute significantly as well, with a size of $3.88 billion in 2023 growing to $7.19 billion, making up 25.88% of the market. Boating equipment, while smaller, is also growing steadily, from $0.94 billion to $1.74 billion over the same period.
Fishing Equipment Market Analysis By Fishing Method
Global Fishing Equipment Market, By Fishing Method Market Analysis (2023 - 2033)
Freshwater fishing products dominate the market with a size of $10.18 billion in 2023, forecast to grow to $18.86 billion by 2033, maintaining a share of 67.86%. Saltwater fishing follows with $3.88 billion, expected to double to $7.19 billion, while ice fishing equipment contributes a smaller portion, growing from $0.94 billion to $1.74 billion by 2033.
Fishing Equipment Market Analysis By Gear Type
Global Fishing Equipment Market, By Gear Type Market Analysis (2023 - 2033)
Fishing rods and reels are the cornerstone of the fishing equipment market, valued at $10.18 billion and $3.88 billion respectively in 2023. Each is expected to grow significantly, reaching $18.86 billion and $7.19 billion by 2033, indicating strong consumer preference for these essential gear types.
Fishing Equipment Market Analysis By Distribution Channel
Global Fishing Equipment Market, By Distribution Channel Market Analysis (2023 - 2033)
Online retail channels are leading the market with a size of $13.27 billion in 2023, projected to expand to $24.59 billion by 2033, capturing 88.48% market share. Offline retail, while smaller, also sees growth, moving from $1.73 billion in 2023 to $3.20 billion by 2033, holding an 11.52% share.
Fishing Equipment Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Fishing Equipment Industry
Shimano Inc.:
A Japanese multinational manufacturing company known for its high-quality fishing tackle including rods, reels, and accessories. Shimano is recognized for innovation and performance in fishing gear.Daiwa Corporation:
Based in Japan, Daiwa is a leading manufacturer of fishing equipment, known for its technological advancements in fishing reels and rods that enhance the fishing experience.Pure Fishing, Inc.:
An American company that provides a comprehensive range of fishing tackle, including brands like Abu Garcia, Berkley, and Fenwick, contributing significantly to the recreational fishing market.Zebco Brands:
Zebco focuses on strong consumer engagement and offers a range of fishing products designed specifically for novice and children anglers, significantly contributing to market diversification.We're grateful to work with incredible clients.
