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.

Global Fishing Equipments Market Size By Type (Fishing Rods, Nets And Traps), By Nature (Freshwater, Saltwater), By Distribution Channel (Online, Offline), By Geographic Scope And Forecast

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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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

The size and share of the market is categorized based on Type (Rods, Reels and Poles, Hooks, Lures,Flies and Baits, Fishing Lines, Others) and Application (Department Store, Specialty Store, On-line Store, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Fishing Equipments market size 2025 was XX Million. Fishing Equipments Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The fishing reels market is estimated to be valued at US$ 5,894.3 million in 2023 and is expected to reach US$ 9,528.7 million by 2033. The adoption of fishing reels is likely to advance at a CAGR of 4.9% during the forecast period.

2018 to 2022 Global Fishing Reels Market Outlook Compared To 2023 to 2033 Forecast

Report Scope

The size and share of the market is categorized based on Type (Rods, Reels and Components, Line, Leaders, Lures, Files, Baits, Terminal Tackle, Electronics, Others) and Application (Freshwater Fishing, Saltwater Fishing) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The global sports fishing equipment market, valued at $15.12 billion in 2025, is projected to experience steady growth, driven by several key factors. Rising disposable incomes in developing economies, coupled with a burgeoning interest in outdoor recreational activities, particularly among millennials and Gen Z, are significantly boosting demand. The increasing popularity of competitive fishing tournaments and the expansion of fishing tourism further contribute to market expansion. Technological advancements in fishing equipment, such as lighter and more durable rods, reels with enhanced drag systems, and advanced sonar technology, are also driving sales. Furthermore, the growing emphasis on sustainable fishing practices and environmentally friendly equipment is creating new opportunities for manufacturers. However, factors such as fluctuating raw material prices, particularly for certain metals and plastics, and the impact of environmental regulations on manufacturing processes pose potential challenges. The market is segmented by type (rods, reels, lines, lures, and others) and application (freshwater fishing, saltwater fishing, and ice fishing), with the freshwater fishing segment currently dominating market share due to its widespread accessibility and popularity. Competitive landscape analysis reveals a mix of established global players and regional manufacturers, with competition primarily centered around product innovation, brand building, and distribution network expansion. Geographic distribution indicates strong market presence in North America and Europe, driven by high levels of participation in recreational fishing. Asia-Pacific, particularly China and India, is demonstrating significant growth potential due to increasing disposable incomes and expanding middle class. The forecast period (2025-2033) anticipates continued growth, albeit at a moderated pace compared to previous years, due to factors such as economic uncertainty and evolving consumer preferences. Market segmentation strategies focusing on specific niche interests (e.g., fly fishing, ice fishing) and eco-conscious products are expected to see higher success rates. This growth will be further fueled by the increasing availability of online retail channels and targeted marketing initiatives focusing on the growing online community of fishing enthusiasts. The market is expected to see continued consolidation as larger players acquire smaller, specialized companies to expand their product portfolios and geographic reach.

Get detailed insights into the current valuation of Fishing Equipment market size, including growth analysis, current market status and future market projections.

The global sports fishing equipment market size is expected to reach USD 15.64 billion by 2033, registering a CAGR of 4.33% during the forecast period. The market is driven by the increasing popularity of recreational fishing, the growing awareness of the benefits of fishing, and the rising disposable income of consumers. The market is segmented based on equipment type, fishing technique, target species, and distribution channel. The equipment type segment is further divided into rods, reels, lines, hooks, baits and lures, tackle boxes and bags, fish finders and GPS devices. The fishing technique segment is divided into fly fishing, spinning, baitcasting, trolling, jigging, and ice fishing. The target species segment includes salmon, trout, bass, walleye, tuna, marlin, and swordfish. The distribution channel segment comprises retail stores, online retailers, sporting goods stores, discount stores, specialty shops, and wholesale distributors. The global Sports Fishing Equipment Market is projected to reach USD 22.9 billion by 2032, at a CAGR of 4.33%. The market is driven by the growing popularity of recreational fishing, rising disposable income, and technological advancements. Recent developments include: , The Sports Fishing Equipment Market is expected to reach USD 22.9 billion by 2032, exhibiting a CAGR of 4.33% during the forecast period. The market growth is attributed to increasing participation in recreational fishing activities, rising disposable income, and technological advancements in fishing equipment. Asia-Pacific accounted for the largest market share in 2023, owing to the growing popularity of Fishing as a leisure activity in countries like China, Japan, and India. North America is expected to witness significant growth over the forecast period due to the presence of a large number of fishing enthusiasts and well-established fishing infrastructure. Key industry players include Shimano, Daiwa, Abu Garcia, and Rapala VMC. Recent developments in the market include the launch of eco-friendly fishing equipment and the adoption of advanced technologies like GPS and sonar systems.. Key drivers for this market are: Growing popularity of recreational Fishing Advances in fishing technology Increasing disposable income Rising demand for fishing charters Expansion of ecommerce platforms. Potential restraints include: The growing popularity of recreational Fishing Increasing participation in fishing activities Technological advancements Innovations in equipment design and materials enhancing performance and durability Rise of social media and online communities Sharing of fishing experiences and product recommendations Expansion into emerging markets Growing demand in countries with expanding middle classes and increasing disposable income Environmental concerns: Focus on sustainable fishing practices and the use of eco-friendly materials.

South America Ice fishing equipment market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

The market size of the Sports Fishing Equipment Market is categorized based on geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

The global fishing equipment market is valued at USD 19.26 billion in 2025 and is expected to register a CAGR of 3.78% during the forecast period (2025-2033). The market is driven by factors such as the increasing popularity of recreational fishing, rising disposable income levels, and technological advancements in fishing equipment. Recreational fishing is gaining popularity worldwide as a leisure activity, and this is leading to a surge in demand for fishing equipment. Additionally, the rising disposable income levels of consumers in developing countries are allowing them to spend more on recreational activities, including fishing. Key trends in the fishing equipment market include the growing popularity of sustainable fishing practices, the adoption of advanced technologies such as GPS and sonar systems, and the increasing use of artificial intelligence (AI) in fishing. Sustainable fishing practices are becoming increasingly important as consumers become more aware of the environmental impact of fishing. As a result, manufacturers are developing new products that are designed to minimize the environmental impact of fishing. Technological advancements are also playing a significant role in the fishing equipment market. GPS and sonar systems are becoming more affordable and accessible, and this is making it easier for anglers to find and catch fish. AI is also being used to develop new fishing lures and baits that are more effective at catching fish. Recent developments include: The Fishing Equipment Market is projected to reach USD 26.9 billion by 2032, exhibiting a CAGR of 3.78% during the forecast period (2024-2032). Rising demand for seafood, coupled with increasing recreational fishing activities, is expected to drive market growth. Technological advancements, such as the integration of IoT and AI in fishing equipment, are further enhancing the market's prospects. Key industry players are focusing on product innovation and strategic partnerships to gain a competitive edge. Recent developments include the launch of biodegradable fishing nets and the adoption of sustainable fishing practices, reflecting the growing emphasis on environmental conservation.. Key drivers for this market are: Growing demand for recreational fishing technological advancements increasing popularity of sustainable fishing practices growth in emerging markets expansion of ecommerce platforms. Potential restraints include: Rising demand for seafood Technological advancements Government regulations Climate change Ecommerce Expansion.

North America Ice fishing equipment market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

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 Fishing Apparel and Equipment Market size will exceed a valuation of USD 29.53 billion by 2034, to grow at a CAGR of 3.0% during the forecast period.

The size and share of the market is categorized based on geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This statistic shows the sports fishing equipment market value worldwide from 2017 until 2022. In 2017, the sports fishing equipment market was valued at 671 million U.S. dollars worldwide.

The Thai fishing rod market skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a perceptible contraction. Fishing rod consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.