The global Fishing Equipment Market size was valued at USD 14.29 Billion in 2024 and is projected to grow from USD 14.91 Billion in 2025 to reach USD 20.88 Billion by 2033, growing at a CAGR of 4.3% during the forecast period (2025–2033).
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Fishing Equipment Market Size 2025-2029

The fishing equipment market size is forecast to increase by USD 2.54 billion, at a CAGR of 2.2% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing popularity of recreational fishing activities. This trend is fueled by the growing number of anglers worldwide, particularly in developing regions, seeking to engage in leisure pursuits. Another key driver is the rising demand for customized sports fishing equipment, as consumers look for gear tailored to their specific needs and preferences. However, this market also faces challenges. The preference for pre-used and rental variants of fishing equipment poses a threat to manufacturers and retailers, as consumers increasingly opt for cost-effective alternatives.
Additionally, environmental concerns and regulations aimed at reducing the impact of fishing on marine ecosystems may impact demand for certain types of fishing equipment. Companies seeking to capitalize on market opportunities must stay abreast of these trends and challenges, focusing on innovation, customization, and sustainability to meet evolving consumer demands.

What will be the Size of the Fishing Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, reflecting the dynamic nature of fishing activities across various sectors. Fishing jackets and boots offer protection from the elements, while polarized sunglasses enhance visibility. Regulations and conservation efforts, such as catch and release, shape the market, with artificial bait and insect repellent supporting sustainable practices. GPS devices and fishing waders enable precise location and depth information, enhancing the fishing experience. Line strength and rod action are crucial considerations for different fishing techniques, from inshore spinning to offshore trolling. Fishing regulations and permits vary, influencing demand for fishing licenses and permits. Night fishing, ice fishing, and fly fishing require specialized equipment, including headlamps, ice augers, and fly fishing reels.

Technological advancements continue to impact the market, with fish finders, depth sounders, and navigation charts offering real-time data. Fishing tackle boxes, lure weights, and hook sizes cater to diverse fishing styles and fish behavior. Market trends reflect the ongoing unfolding of market activities, with evolving patterns in fishing techniques, regulations, and consumer preferences. Conservation efforts, such as sustainable fishing and catch and release, remain a priority, shaping the future of the market.

How is this Fishing Equipment Industry segmented?

The fishing equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Fishing rod
  Fishing reel
  Fishing lure
  Others


Application

  Recreational
  Commercial


Type

  Saltwater fishing equipment
  Fresh water fishing equipment


Material Type

  Hooks
  Lines
  Sinkers & Floats
  Rods
  Reels
  Nets & Traps
  Spear & Gaffs


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    South Africa


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The fishing rod segment is estimated to witness significant growth during the forecast period.

Fishing rods come in various lengths, with short rods bending less than long ones. Long rods, suitable for long-distance casting and deep fishing, are popular choices for anglers. The global market offers a range of fishing rods, including casting rods, spinning rods, fly rods, and pen rods. Selection depends on the fishing environment and targeted fish species. Fishing equipment, such as fishing canoes, docks, and tackle boxes, complement fishing rods. Weighing scales are essential for measuring fish catches, while first-aid kits ensure angler safety. Fishing reels, available as spinning, baitcasting, or fly reels, are integral to the rod setup.

Nets, lures, and live bait are crucial for catching fish in both freshwater and saltwater environments. Fishing behavior influences tackle choices. For instance, offshore fishing requires heavy-duty gear, while inshore fishing calls for lighter equipment. Conservation efforts, such as catch and release, have led to the popularity of tackle designed for minimal fish harm. Additional equipment includes sun hats, fishing jackets, boots, and polarized sunglasses for angler comfort. Regulations, such as fishing licenses and permits, govern

The global fishing gear market is booming, projected to reach $19 billion by 2033 with a 3.3% CAGR. Discover key trends, leading companies (Shimano, Rapala, Daiwa), and regional insights in this comprehensive market analysis. Explore the impact of technological advancements and sustainable fishing practices on this growing industry.

Discover the booming fishing gear market! Our comprehensive analysis reveals a $18.63B market in 2025, projected to grow at a 3.3% CAGR through 2033. Explore key trends, leading companies, and regional insights to capitalize on this expanding industry.

According to Cognitive Market Research, the global Fishing Tackle market size was USD 1624.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 649.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 487.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 373.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 81.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 32.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The lures category is the fastest growing segment of the Fishing Tackle industry

Market Dynamics of Fishing Tackle Market

Key Drivers for Fishing Tackle Market

Increasing Popularity of Recreational Fishing to Boost Market Growth: The growing popularity of recreational fishing, spurred by outdoor leisure trends, stress relief, and the influence of social media, is driving the demand for fishing tackle such as rods, reels, and lures. This growth is additionally bolstered by global fishing events and the necessity for specialized equipment that caters to various fishing styles.

Advancements in Fishing Technology and Innovation to Drive Market Growth: Technological progress in fishing equipment—such as lighter rods, sophisticated reels, GPS-equipped fish finders, and environmentally friendly gear—are improving angling performance and attractiveness. These advancements address the changing requirements of contemporary anglers, greatly increasing demand and contributing to market expansion.

Restraint Factor for the Fishing Tackle Market

Environmental Regulations Governing Fishing: Strict laws concerning overfishing, catch limits, and designated protected areas may limit access to favored fishing spots. These regulations influence the frequency of fishing activities and diminish the demand for tackle in specific regions.

High Expense of Premium Gear: Sophisticated fishing tackle, particularly top-tier rods, reels, and electronic devices, frequently carry high costs. This discourages casual or budget-minded enthusiasts, particularly in developing markets.

Trends in Fishing Tackle Market

Increase in E-commerce and Digital Communities: Digital platforms are emerging as the preferred marketplaces for acquiring fishing equipment, providing a diverse selection and ease of access. Influencer marketing, instructional videos, and fishing discussion boards are influencing consumer choices and enhancing the visibility of tackle brands.

Sustainability and Environmentally Friendly Tackle: Companies are launching biodegradable lures, lead-free weights, and recyclable packaging in response to the increasing environmental consciousness among anglers. Eco-conscious products are becoming increasingly popular in both retail and competitive fishing environments.

Impact of Covid-19 on the Fishing Tackle Market

The COVID-19 pandemic had a mixed impact on the fishing tackle market. Initially, the market faced disruptions in manufacturing and supply chains, leading to delays and product shortages. Retail closures and restrictions on outdoor activities also hampered sales during the early stages of the pandemic. However, as lockdowns lifted, the demand for recreational activities like fishing surged, with many individuals turning to outdoor hobbies for stress relief and social distancing. This led to a boom in fishing participation, especially among new anglers, increasing the demand for fishing tackle products. E-commerce became a significant channel for sales as brick-and-mortar stores struggled. Introduction of the Fishing Tackle Market

The fishing tackle market encompasses a wide range of products designed for recreational and professional fishing. These include rods, reels, lines, hooks, baits, lures, and other accessories used to enhance the f...

North America Fishing Gear Market size was USD 609.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 839.0 Million by 2031. A strong recreational fishing culture and increasing fishery management initiatives fuel the growth of the fishing gear market.

Discover the booming fishing equipment market! This comprehensive analysis reveals a $14.3B market in 2025, projected to grow at a 5.5% CAGR until 2033. Explore key drivers, trends, and leading companies like Shimano and Daiwa shaping this dynamic industry.

Discover the booming fishing tackle market! Explore key trends, growth drivers, and leading companies shaping this $12.61 billion industry, projected to reach [estimated 2033 value] by 2033 with a 4.5% CAGR. Learn about market segmentation and regional insights in our comprehensive analysis.

Fishing Equipments Market size was valued at USD 14583 Million in 2021 and is projected to reach USD 20866 Million by 2030, growing at a CAGR of 4.07% from 2022 to 2030.Global Fishing Equipments Market DriversThe global fishing equipment market is currently experiencing robust growth, fueled by an intricate interplay of evolving lifestyle trends, groundbreaking technological innovations, and the burgeoning expansion of both commercial and recreational fishing sectors. With a growing emphasis on sustainability and advanced gear design, traditional angling communities and modern fishing enthusiasts alike are collectively driving demand across all regions. Understanding these pivotal market drivers is essential for stakeholders looking to navigate and capitalize on the industry's dynamic trajectory.Rising Popularity of Recreational and Sport Fishing: The escalating global fascination with recreational and sport fishing stands as a primary catalyst for the fishing equipment market. Across continents, individuals are increasingly turning to angling as a therapeutic escape from urban pressures, drawn by the allure of outdoor leisure and personal challenge. Nations like the United States, Canada, Japan, and Australia report significant upticks in participation rates for both freshwater and saltwater disciplines. This surge is further amplified by the proliferation of organized fishing tournaments and adventure tourism, positioning fishing as a high-value sport. Consequently, demand for a diverse range of products, from premium fishing rods and reels to specialized tackle boxes, performance apparel, and an array of baits and lures, has seen a substantial boost. This trend not only fuels direct product sales but also acts as a powerful incentive for continuous innovation in lightweight, durable, and performance-oriented fishing gear. For manufacturers and retailers, targeting this expanding demographic with tailored, high-quality offerings is paramount for market penetration and growth.Technological Advancements in Fishing Gear: The fishing equipment market is undergoing a profound transformation thanks to relentless technological innovation. Modern fishing gear is now seamlessly integrating cutting-edge features that redefine the angling experience.

USD 9200 Million in 2024; projected USD 12757.67 Million by 2030; CAGR 5.6%.

The global sports fishing equipment market size reached USD 14.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 20.1 Billion by 2033, exhibiting a growth rate (CAGR) of 3.84% during 2025-2033. The growing interest in outdoor activities and recreational fishing is stimulating the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with the market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product type, application, end user, and distribution channel.

Discover the booming freshwater fishing equipment market! Explore key trends, leading companies, and projected growth to 2033. This in-depth analysis reveals lucrative opportunities in rods, reels, lures, and more. Learn how technological advancements and rising participation are shaping this multi-billion dollar industry.

Discover the booming fishing gear market! This comprehensive analysis reveals key trends, growth drivers, and top players in the $17.93 billion industry, projecting a significant expansion to $27 billion by 2033. Explore market segmentation, regional insights, and future opportunities in fishing rods, reels, lures, and more.

Discover the booming global fishing gear market! This in-depth analysis reveals market size, CAGR, key players (Shimano, Rapala, Daiwa), and future trends in fishing rods, reels, lures, and more. Explore regional growth forecasts and investment opportunities in freshwater and saltwater fishing equipment.

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Sports Fishing Equipment Market Size 2025-2029

The sports fishing equipment market size is forecast to increase by USD 3.64 billion at a CAGR of 4.3% between 2024 and 2029.

The market is experiencing significant growth due to the increasing popularity of recreational fishing in North America. Key trends in this market include the expansion of product offerings, particularly in marine electronics such as GPS and motor vehicles equipped with sensors. Consumers are also showing a preference for pre-owned and rental variants of sports fishing equipment to reduce costs. LED lighting and apparel with integrated technology, such as gloves with built-in GPS and LED tickers, are also gaining traction in the market. These advancements aim to enhance the fishing experience and improve safety and efficiency for anglers. Overall, the market is poised for continued growth, driven by these trends and the enduring appeal of the sport.

What will be the Size of the Sports Fishing Equipment Market During the Forecast Period?

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The market encompasses a wide range of gear used by anglers for recreational fishing activities. Key product categories include fishing rods, fishhooks, lines, baits, sinkers, and various accessories such as grappling hooks, fishbrains, and marine electronics technology. The market is driven by the growing popularity of outdoor leisure activities, particularly fishing, which attracts a large and diverse participant base. 
Equipment sales continue to rise, fueled by advancements in technology, such as GPS systems and side-scanning sonar, that enhance the fishing experience. Anglers increasingly rely on these tools to locate fish and improve their catch rates. Overall, the market is a dynamic and expanding industry, providing innovative solutions for those seeking to enjoy the pastime of fishing.

How is this Sports Fishing Equipment Industry segmented and which is the largest segment?

The sports fishing equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Fishing rod
  Fishing reel
  Fishing lure
  Others


Distribution Channel

  Offline
  Online


End-user

  Individual consumers
  Sports organizers
  Clubs


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan


  South America



  Middle East and Africa

By Product Insights

The fishing rod segment is estimated to witness significant growth during the forecast period. Fishing equipment, including rods, fishhooks, lines, baits, sinkers, and handheld tools such as spears and harpoons, is essential for recreational and commercial fishing activities. The fishing industry encompasses various water-based sports and leisure activities, including recreational fishing, trawling, seining, gillnetting, and line fishing. Fishing rods, a crucial component of this equipment, come in various lengths and styles, including casting, spinning, fly fishing, and pen rods. The selection of a fishing rod depends on the fishing environment and the target fish species. Other fishing gear includes sensors, such as GPS systems, side-scanning sonar, and radar pulses, used in marine electronics technology for saltwater fishing applications. Fishing associations and recreational fishing clubs cater to sports fishermen, offering day-ticket coarse fisheries and artificial trout lakes.

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The fishing rod segment was valued at USD 4.13 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region contributing significantly to the market is North America. Consumer spending on outdoor recreation in the US surpasses that of certain product categories, such as pharmaceuticals and motor vehicles. Mexico also has a thriving sports fishing industry, with numerous attractive fishing locations.

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Equipment sales encompass various items, including fishing rods, fishhooks, lines, baits, sinkers, recreational fishing gear, handheld tools, spears, harpoons, and electronics like sensors, GPS systems, side-scanning sonar, and radar pulses.

Market Scope

The scope of this study includes the pure play sales of sports fishing equipment, also known as fishing gear or tackle, along with the accessories such as fishing rods, reels, lines, hooks, lures, baits, terminal

The global saltwater fishing equipment market is poised for significant expansion, projected to reach an estimated USD 4,500 million by 2025, with a robust Compound Annual Growth Rate (CAGR) of 6.5% anticipated between 2025 and 2033. This growth trajectory is fueled by an increasing number of individuals participating in recreational fishing activities, driven by a desire for outdoor leisure and stress relief. The rising popularity of coastal tourism and the subsequent demand for high-quality, durable fishing gear among tourists and local enthusiasts are also significant contributors. Furthermore, advancements in fishing technology, leading to the development of lighter, stronger, and more sophisticated equipment such as advanced rod materials, precision reels, and effective lures, are attracting both novice and experienced anglers, thereby boosting market demand. The market's expansion is further supported by evolving consumer preferences and distribution channels. Online retail platforms are experiencing substantial growth, offering wider accessibility and a broader selection of saltwater fishing equipment to a global audience. Specialty stores continue to play a crucial role by providing expert advice and tailored product recommendations. Key market drivers include the increasing disposable income in developing economies, leading to greater expenditure on recreational activities, and the growing awareness of sustainable fishing practices, which encourages the use of specialized and eco-friendly gear. While the market exhibits strong growth potential, certain restraints such as seasonal demand fluctuations and the impact of stringent environmental regulations on fishing practices in some regions need to be carefully navigated by market players.

The global sport fly fishing tackle market is experiencing robust growth, driven by increasing participation in fly fishing, particularly among younger demographics and in emerging economies. The rising popularity of fly fishing as a recreational activity, coupled with advancements in tackle technology offering enhanced performance and durability, fuels market expansion. Specific product segments like high-performance fly rods, sophisticated reels, and technologically advanced lines are experiencing particularly strong demand. While the overall market size is not explicitly provided, considering the growth in related outdoor recreation segments and the prevalence of established brands like Daiwa, Shimano, and Rapala, we can reasonably estimate the 2025 market value to be around $2.5 billion USD. Assuming a conservative compound annual growth rate (CAGR) of 5% (based on projected growth in related outdoor recreation markets), the market is projected to exceed $3.5 billion by 2033. Regional variations exist, with North America and Europe currently dominating the market due to established fly fishing cultures and higher disposable incomes. However, growth in Asia-Pacific, particularly in countries like China and India, is expected to be significant due to a burgeoning middle class with increased leisure time and spending power. The market faces some restraints, including the relatively high cost of fly fishing equipment, potentially limiting entry for some enthusiasts, and environmental concerns related to sustainable fishing practices. However, the ongoing innovation in sustainable materials and responsible fishing initiatives mitigate these challenges. The segmentation of the market reveals key opportunities for players. While traditional segments like rods, reels, and lines remain dominant, the growth of electronic aids like fish finders and GPS devices significantly impacts the market. Furthermore, the increasing demand for specialized lures and flies designed to target specific species presents an avenue for product differentiation and market expansion. The competitive landscape is characterized by established players alongside emerging brands. The key players' success depends on their ability to leverage innovation, build brand loyalty, and capitalize on the growing popularity of fly fishing across diverse geographic regions and demographics. This requires effective marketing strategies that cater to different levels of experience and target environmentally conscious consumers.

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