Market Overview
The global sports fishing equipment market has experienced substantial expansion, reaching a valuation of USD 14.4 billion in 2024. The growth is primarily attributed to the rising enthusiasm for recreational fishing and the increasing popularity of outdoor activities. According to market projections, the sector is anticipated to continue its upward trend, reaching USD 20.1 billion by 2033, registering a compound annual growth rate (CAGR) of 3.84% from 2025 to 2033.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Years: 2025-2033
Key Takeaways
- The global sports fishing equipment market is forecasted to increase from USD 14.4 billion in 2024 to USD 20.1 billion by 2033, with a CAGR of 3.84%.
- Advanced technologies such as electric-powered reels and eco-friendly materials are revolutionizing the fishing experience.
- North America continues to lead due to a strong community of recreational anglers, while Asia Pacific is rapidly emerging as a high-growth region, driven by tourism and outdoor sports participation.
- Product categories encompass fishing rods, reels, hooks, lures, lines, rigs, jig heads, and various other accessories for both freshwater and saltwater fishing.
- Prominent companies operating in the market include AFTCO Mfg. Co., Inc., Gamakatsu USA, GLOBERIDE Inc., Newell Brands, O. Mustad & Son Pte Ltd., OKUMA FISHING TACKLE CO., LTD., Rapala VMC Corporation, and Shimano Inc.
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Market Growth Factors
- Innovative Gear: Technological advancements have transformed modern fishing practices. For instance, the PENN Fathom Electric Lever Drag Cordless Fishing Reel, launched in July 2024, features an integrated battery, a high-performance electric motor, an LED interface, and customizable settings, enhancing the fishing experience for professionals and hobbyists alike.
- Rising Disposable Income: The steady increase in global disposable incomes enables more consumers to invest in high-quality fishing gear. This, combined with the growing trend of participating in coastal and sports fishing activities during leisure travel, significantly contributes to market expansion.
- Environmental Awareness: A growing preference for sustainable and eco-conscious products has pushed manufacturers to develop greener alternatives. The Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) in August 2024 showcased several innovative eco-friendly fishing products, highlighting the industry’s focus on sustainability.
Market Segmentation
By Product Type
- Fishing Rods
- Fishing Reels
- Fishing Hooks
- Fishing Lures
- Fishing Lines
- Fishing Rigs
- Fishing Jig Heads
- Others
By Application
- Freshwater Fishing
- Saltwater Fishing
By End User
- Individual Consumer
- Clubs
- Sports Organizers
By Distribution Channel
- Specialty and Sports Stores
- Departmental and Discount Stores
- Online Stores
- Others
Breakup by Region
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Regional Insights
North America holds a dominant position in the global sports fishing equipment market due to its established angling culture and extensive fishing destinations. The region benefits from a strong base of recreational participants, ongoing government efforts to promote sustainable fishing, and growing consumer spending on premium-quality equipment. These factors collectively foster continued market growth.
Recent Developments & News
- In July 2024, PENN introduced the Fathom Electric Lever Drag Cordless Fishing Reel, equipped with a smart electric system designed for enhanced deep-sea fishing efficiency.
- The Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) held in August 2024 emphasized eco-friendly fishing gear, reinforcing the global shift toward sustainable product innovation.
Key Players
- AFTCO Mfg. Co., Inc.
- Gamakatsu USA
- GLOBERIDE Inc.
- Newell Brands
- O. Mustad & Son Pte Ltd.
- OKUMA FISHING TACKLE CO., LTD.
- Rapala VMC Corporation
- Shimano Inc.
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