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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.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 14.4 Billion |
Market Forecast in 2033 | USD 20.1 Billion |
Market Growth Rate (2025-2033) | 3.84% |
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.
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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).
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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.
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.
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Global Sports Fishing Equipment Sales market size 2025 was XX Million. Sports Fishing Equipment Sales Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
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Sports Fishing Equipment Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2024-2032
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The size and share of the market is categorized based on Product (Spinning Rods, Casting Rods, Fly Rods) and Application (Freshwater Fishing, Saltwater Fishing) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 25.66(USD Billion) |
MARKET SIZE 2024 | 26.34(USD Billion) |
MARKET SIZE 2032 | 32.5(USD Billion) |
SEGMENTS COVERED | Type, Fishing Technique, Distribution Channel, End User, Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Growing recreational fishing popularity, Eco-friendly product demand, Technological advancements in equipment, Increased fishing regulations, Rising disposable income. |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Shimano, Bass Pro Shops, Newell Brands, Quantum Fishing, Fenwick, Eagle Claw, Okuma Fishing Tackle, Cabela's, Spro, Daiwa Corporation, Zebco, Pure Fishing, AFTCO, Jarden Corporation, Rapala VMC Corporation |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Sustainable fishing gear innovation, Growth in recreational fishing, E-commerce for fishing supplies, Smart fishing technology integration, Increased awareness on conservation |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 2.66% (2025 - 2032) |
The revenue in the 'Fishing Equipment' segment of the toys & hobby market in the United Kingdom was forecast to continuously increase between 2025 and 2029 by in total 34.5 million GBP (£) (+16.77 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 240.21 million GBP (£) and therefore a new peak in 2029. Find more in-depth information regarding the revenue growth concerning the toys & games segment of the toys & hobby market in the United Kingdom and the revenue concerning the sports equipment segment of the toys & hobby market worldwide. The Statista Market Insights cover a broad range of additional markets.
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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.
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The size and share of the market is categorized based on Application (Recreational Fishing, Professional Fishing, Sport Fishing, Commercial Fishing) and Product (Rods, Reels, Lures, Lines, Hooks) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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De marktomvang van de markt voor sportvisserijen is gecategoriseerd op basis van geografische regio's (Noord-Amerika, Europa, Azië-Pacific, Zuid-Amerika en Midden-Oosten en Afrika).
Dit rapport biedt inzichten in de marktomvang en voorspelt de waarde van de markt, uitgedrukt in USD miljoen, over deze gedefinieerde segmenten.
The domestic shipment value of fishing equipment in Japan was forecasted to amount to over 151.6 billion Japanese yen in 2024, an increase from about 128.7 billion yen in 2015. Despite most segments of the sporting goods market taking a hit in 2020, fishing equipment kept up its continuous upward trend throughout the entirety of the observed time frame. Fishing goods accounted for about nine percent of the Japanese sporting goods market in 2023.
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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).
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The Fishing Apparel and Equipment Market estimated size and share is projected to exceed USD 29.53 billion by 2034, with a forecasted CAGR of 3.0% during the period.
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The Sport Fishing Tackle Market is experiencing significant growth, accordin...
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Global Sport Fishing Rods market size 2025 was XX Million. Sport Fishing Rods Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
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Sport Fly Fishing Rods Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2024-2032
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The size and share of the market is categorized based on Application (Ice Fishing, Winter Sports, Outdoor Recreation) and Product (Ice Augers, Ice Shelters, Ice Fishing Rods, Ice Skimmers) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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The Fish Hunting Equipment Market is projected to reach a value of $12.45 billion by 2033, exhibiting a CAGR of 2.68%. The market growth is primarily driven by increasing participation in recreational fishing and the rising popularity of sport fishing. Additionally, technological advancements in fish hunting equipment, such as the development of high-performance fishing rods and reels, are contributing to the market expansion. The rise in disposable income and leisure time available to individuals is further fueling the demand for fish hunting equipment. The market is segmented based on equipment type, end-user, distribution channel, and geographic region. The equipment type segment includes fishing rods, fishing reels, fishing lines, fishing baits, and fishing nets. The end-user segment comprises professional fishermen, recreational fishermen, and sport fishermen. The distribution channel segment covers online retail, specialty stores, supermarkets, and wholesale. The geographic segment includes North America, South America, Europe, the Middle East & Africa, and Asia Pacific. North America holds a significant market share due to the presence of a large number of recreational and sport fishermen, as well as established fishing infrastructure. The global Fish Hunting Equipment Market is expected to reach a valuation of USD 31.2 Billion by the year 2027, showcasing an impressive annual growth rate of 5.6% during the forecast period of 2023 to 2027. The report offers an in-depth analysis of the market, including key trends, drivers, challenges, and opportunities, along with a detailed segmentation of the market based on product type, end-user, distribution channel, and geographic region. Recent developments include: , The Fish Hunting Equipment Market has seen various developments recently, particularly with notable advancements in technology and product offerings by companies like Daiwa, Shimano, and Garmin, which are driving consumer interest. Fishing Holdings has also announced the introduction of new eco-friendly boat designs, appealing to environmentally conscious anglers. Meanwhile, Savage Gear and Berkley are enhancing their product lines, focusing on innovative bait-and-tackle solutions to boost their market presence. In addition, there has been a significant buzz around advancements in electronic fish finders from Lowrance and Humminbird, contributing to increased efficiency in fishing activities. The market valuation of companies such as Abu Garcia and Penn has experienced growth, attributed to both consumer demand and strategic marketing initiatives. Reports of merger and acquisition activities in this market have been limited recently; however, there is ongoing speculation about potential partnerships that may emerge to expand market reach and capabilities. The evolving dynamics within the Fish Hunting Equipment Market reflect both a competitive landscape and an increased interest in sustainable fishing practices., Fish Hunting Equipment Market Segmentation Insights, Fish Hunting Equipment Market Equipment Type Outlook. Key drivers for this market are: Eco-friendly equipment development, Smart fishing technology adoption; Rise in recreational fishing activities; Increasing demand for sustainable fishing; Expansion in emerging markets . Potential restraints include: Technological advancements in equipment, Increasing popularity of recreational fishing; Government regulations and sustainability efforts; Growing awareness of fish conservation; and Rise in online retail channels. .
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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.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 14.4 Billion |
Market Forecast in 2033 | USD 20.1 Billion |
Market Growth Rate (2025-2033) | 3.84% |
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.