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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?

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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

Europe Ice fishing equipment market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.

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.

There is high demand for fishing equipment in Europe since recreational fishing is becoming more popular and seafood is becoming more appealing.

USD 3432.93 Million in 2024; projected USD 4997.19 Million by 2033; CAGR 4.27%.

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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

Europe's Fishing Tackle Bag market was USD 645.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. High demand for professional anglers is expected to aid the sales to USD 981.5 million by 2031

Discover the booming freshwater fishing equipment market! Explore a $15 billion industry with a 5% CAGR, analyze key trends, leading companies (Shimano, Pure Fishing, Rapala), and regional growth projections (North America, Europe, Asia-Pacific) in our comprehensive market report. Learn about the latest innovations in rods, reels, fishing lines, and more.

The global saltwater fishing gear and tackle market is poised for significant expansion, projected to reach a substantial market size of approximately $15,200 million by 2025, with a robust Compound Annual Growth Rate (CAGR) of 6.8% anticipated through 2033. This upward trajectory is primarily fueled by a growing global participation in recreational saltwater fishing, driven by increased disposable incomes, a rising interest in outdoor activities and adventure tourism, and a greater awareness of the health benefits associated with angling. The convenience and accessibility offered by online sales channels are increasingly complementing traditional offline sales, allowing a broader customer base to access a diverse range of fishing products. Furthermore, significant investments in product innovation, including the development of more durable, lightweight, and technologically advanced fishing rods, reels, lines, and lures, are enhancing the user experience and contributing to market growth. Key market drivers include a growing trend towards sustainable fishing practices and eco-friendly gear, which is influencing consumer purchasing decisions and prompting manufacturers to adopt greener production methods. The increasing popularity of competitive fishing tournaments and the rise of social media influencers promoting saltwater fishing are also creating new avenues for market engagement and product adoption. However, the market faces certain restraints, including the fluctuating availability and cost of raw materials, the impact of adverse weather conditions on fishing seasons, and stringent environmental regulations in certain regions. Despite these challenges, the market is expected to witness sustained growth, with key segments like fishing gear and fishing tackle showing consistent demand. Geographically, Asia Pacific is emerging as a dominant region, driven by its vast coastline and a rapidly expanding middle class embracing leisure activities. This report provides an in-depth analysis of the global saltwater fishing gear and tackle market, covering the historical period from 2019 to 2024, the base year of 2025, and a forecast period extending to 2033. The study meticulously examines market dynamics, industry developments, and key players, offering valuable insights for stakeholders.

Discover the booming fishing rods and reels market! Explore key trends, growth drivers, and leading companies shaping this dynamic industry. Learn about CAGR, market segmentation, and regional analysis from 2019-2033.

Europe's Fishing Gear Market was USD 457.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. The rising interest in recreational fishing, driven by tourism and environmental preservation efforts, boosts the demand for advanced fishing gear, the sales to USD 617.3 million by 2031

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).
Report Scope:

Fishing Equipment Market Outlook

According to our latest research, the global fishing equipment market size reached USD 16.4 billion in 2024, reflecting a healthy expansion across both developed and emerging economies. The market is projected to grow at a robust CAGR of 4.8% during the forecast period, reaching an estimated USD 25.1 billion by 2033. This growth is primarily driven by the rising popularity of recreational fishing, increasing investments in sustainable fishing solutions, and expanding e-commerce channels that enhance product accessibility. The marketÂ’s positive trajectory is further supported by innovations in product design and a growing global emphasis on leisure and outdoor activities.

A significant growth factor for the fishing equipment market is the surging interest in recreational fishing, especially among younger demographics and urban populations seeking outdoor leisure pursuits. The proliferation of fishing as a hobby, fueled by social media trends and eco-tourism, has resulted in a substantial uptick in demand for high-quality and technologically advanced fishing gear. Manufacturers are responding by developing lightweight, durable, and user-friendly products that cater to both novice anglers and seasoned fishing enthusiasts. The increased accessibility of fishing equipment through online platforms has also democratized the market, making it easier for consumers to explore and purchase a wide array of products tailored to their specific needs.

Another key driver propelling the fishing equipment market is the adoption of sustainable fishing practices and eco-friendly product innovations. With growing awareness regarding the environmental impact of fishing, both consumers and regulatory bodies are advocating for gear that minimizes ecological disruption. This has led to the introduction of biodegradable fishing lines, non-toxic lures, and nets designed to reduce bycatch. Additionally, government initiatives promoting responsible fishing and conservation efforts have spurred demand for certified and environmentally conscious equipment. These trends are not only shaping product development but are also influencing purchasing decisions, as consumers increasingly favor brands that demonstrate a commitment to sustainability.

Technological advancements in fishing equipment are also playing a pivotal role in market growth. The integration of smart technologies, such as GPS-enabled fish finders, advanced sonar systems, and app-connected reels, is enhancing the fishing experience by providing real-time data and improving catch rates. These innovations are attracting tech-savvy consumers and professional anglers alike, driving up the average spending per consumer. Furthermore, collaborations between tech companies and traditional fishing gear manufacturers are leading to the creation of multifunctional products that offer convenience, efficiency, and enhanced safety. The steady influx of new features and improved product performance is expected to maintain consumer interest and support market expansion over the coming years.

From a regional perspective, the Asia Pacific region dominates the global fishing equipment market, accounting for the largest revenue share in 2024, followed by North America and Europe. The strong presence of commercial fisheries, favorable climatic conditions, and a deeply ingrained fishing culture in countries like China, Japan, and India are major contributors to Asia PacificÂ’s leadership. Meanwhile, North America and Europe are witnessing robust growth in the recreational fishing segment, supported by high disposable incomes and well-established fishing infrastructure. Latin America and the Middle East & Africa are emerging as promising markets, driven by government support for sustainable fisheries and the rising popularity of sport fishing. The regional outlook remains optimistic, with each market segment poised to benefit from tailored marketing strategies and localized product offerings.

The role of the Fishing Reel in this market cannot be understated. As one of the most crucial components of any angler's toolkit, the fishing reel has seen significant advancements in technology and design. Modern reels are engineered for precision, durability, and ease of use, catering to a wide range of fishing style

Discover the booming fishing accessories market! Explore key trends, growth projections (5% CAGR), leading companies, and regional insights for 2025-2033. Learn about the impact of online sales, innovative products, and sustainable fishing on this expanding $2.5 billion market.

The global spinning rod market exhibits robust growth, driven by the increasing popularity of fishing as a recreational activity and the rising demand for high-performance fishing equipment. The market's expansion is fueled by several key factors, including technological advancements in rod materials (e.g., carbon fiber composites) leading to lighter, stronger, and more sensitive rods; the increasing adoption of innovative fishing techniques; and the growing influence of fishing influencers and online communities. Furthermore, the market benefits from a diverse range of price points catering to both budget-conscious and high-end consumers, creating accessibility for a broader audience. We estimate the current market size to be approximately $1.5 billion USD in 2025, with a compound annual growth rate (CAGR) of around 5% projected through 2033. This consistent growth is expected despite potential restraints, such as fluctuating raw material costs and the cyclical nature of consumer spending related to recreational goods. Competitive intensity is high, with established brands like Shimano, Daiwa, and Abu Garcia dominating market share through brand recognition, product diversification, and extensive distribution networks. However, smaller, specialized brands like St. Croix, G. Loomis, and Fenwick are carving out niches by focusing on high-quality, premium products for discerning anglers. Regional differences exist in market preferences, with North America and Europe representing significant markets. Future growth will likely be fueled by continued innovation in rod design, materials, and manufacturing processes, as well as expansion into emerging markets with a growing interest in fishing. Strategic partnerships, acquisitions, and the introduction of innovative product lines are expected to be key strategies for companies seeking a competitive edge in this dynamic market.

Explore the dynamic Freshwater Sport Fishing Rods market, featuring a significant market size of USD 2.5 billion in 2025 and a robust CAGR of 6.5%. Discover key growth drivers, emerging trends, and market restraints shaping the future of sport fishing equipment, from graphite to fiberglass rods.

According to Cognitive Market Research, the global ice fishing equipment market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.30% from 2024 to 2031.

North America held the major market of around 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Latin America market of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
E-commerce held the highest market share in ice fishing equipment market in 2024.

Key Drivers of Ice Fishing Equipment Market

Growing Interest in Outdoor Recreation to Increase Sales

The growing interest in outdoor recreation is a significant driver fuelling the surge in ice fishing equipment sales. As urbanization continues and people seek respite from hectic lifestyles, there's a burgeoning desire to reconnect with nature. Ice fishing offers a unique outdoor experience, combining the tranquillity of winter landscapes with the excitement of angling. Additionally, social media and digital platforms have played a pivotal role in showcasing outdoor activities, inspiring more individuals to try ice fishing. Furthermore, concerns about health and wellness have prompted many to adopt outdoor hobbies, such as fishing, as a means of relaxation and exercise. As a result, the demand for ice fishing equipment, including rods, reels, shelters, and accessories, is steadily rising, catering to a diverse demographic of outdoor enthusiasts seeking adventure and solace in frozen waters.

Innovations in Materials, Designs, and Features to Propel the Market

Innovations in materials, designs, and features are revolutionizing the ice fishing equipment market, propelling it forward with unprecedented momentum. Manufacturers are constantly exploring novel materials such as lightweight yet durable carbon fibre and advanced polymers, which enhance the performance and longevity of ice fishing gear. These materials allow for the creation of lighter, stronger, and more sensitive rods and reels, improving anglers' ability to detect bites and reel in fish efficiently. Moreover, cutting-edge designs and features, such as ergonomic handles, precision-engineered drag systems, and adjustable rod lengths, cater to the evolving needs and preferences of anglers. This relentless pursuit of innovation not only elevates the fishing experience but also fosters a culture of continuous improvement within the industry. As a result, consumers are increasingly drawn to these innovative products, driving sales and shaping the future of ice fishing equipment.

Restraint Factors of Ice Fishing Equipment Market

Seasonal Demand to Lead the Fluctuation in Sales

Seasonal demand is a primary factor causing fluctuations in ice fishing equipment sales. Ice fishing is predominantly a winter activity, heavily reliant on frozen water bodies. As temperatures fluctuate, ice conditions become unpredictable, impacting the duration and quality of the ice fishing season. During peak winter months, demand for equipment surges as enthusiasts gear up for their ice fishing excursions. However, sales taper off during the shoulder seasons and summer months when ice thaws, rendering ice fishing impractical or impossible in many regions. This cyclic nature of demand poses challenges for manufacturers and retailers, who must anticipate and manage inventory accordingly. Additionally, the variability in seasonal demand can influence pricing strategies and promotional efforts within the market. Strategies such as diversification into other seasonal products or expanding into year-round fishing gear may help mitigate the impact of seasonal fluctuations on sales.

Impact of COVID-19 on the Ice Fishing Equipment Market

The Covid-19 pandemic has had ...

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