Fishing Lures Market 2023: Global Industry Size, Outlook, Share, Demand, Manufacturers And 2029 Forecast Research-

A fishing lure is a type of artificial fishing bait which is designed to attract a fish's attention. The lure uses movement, vibration, flash and color to bait fish. Many lures are equipped with one or more hooks that are used to catch fish when they strike the lure. Some lures are placed to attract fish so a spear can be impaled into the fish or so the fish can be captured by hand. Most lures are attached to the end of a fishing line and have various styles of hooks attached to the body and are designed to elicit a strike resulting in a hookset. Many lures are commercially made but some are hand made such as fishing flies. Hand tying fly lures to match the hatch is considered a challenge by many amateur entomologists.

Market Overview

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Fishing Lures estimated at US$ 3041.8 million in the year 2022, is projected to reach a revised size of US$ 4146.7 million by 2028, growing at a CAGR of 5.3% during the forecast period 2022-2028.

Global key players of Fishing Lures include Rapala VMC Corporation, Shimano, Globeride(Daiwa), Pure Fishing, Inc, and DUEL CO., Inc., etc. Top five players occupy for a share about 25%. North America is the largest market, with a share about 41%, followed by Japan and Europe. In terms of product, Freshwater Fishing Lures is the largest segment, with a share over 63%. In terms of Distribution Channel, Fishing Supply Stores is the largest market, with a share over 31%.

The research study presented here is an intelligent take on the global Fishing Lures Market that explains important aspects such as competition, segmentation, and regional growth in great detail. Accuracy and preciseness are two of the key features of the report that reflect its authenticity. The authors of the report have focused on SWOT analysis, Porter's Five Forces analysis, and PESTLE analysis of the global Fishing Lures market. In addition, they have concentrated on qualitative and quantitative analyses to help with a deep understanding of the global Fishing Lures market. Furthermore, the report provides powerful suggestions and recommendations to help players create strong growth strategies and ensure impressive sales in the global Fishing Lures market.

As part of the competitive analysis, the research study includes exhaustive company profiling of leading players of the global Fishing Lures market. All of the segments studied in the report are analyzed based on different factors such as market share, revenue, and CAGR. The analysts have also thoroughly analyzed different regions such as North America, Europe, and the Asia Pacific on the basis of production, revenue, and sales in the global Fishing Lures market. The researchers used advanced primary and secondary research methodologies and tools for preparing this report on the global Fishing Lures market.

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Fishing Lures Market Leading Players

Rapala VMC Corporation, Shimano, Globeride(Daiwa), Pure Fishing, Inc, DUEL CO., Inc., Johshuya Co., Pokee Fishing, Cabela's Inc. (Bass Pro Shops), Eagle Claw, Tiemco, Clam Outdoors, WeiHai LiangChen Product, Weihai Qingdong Fishing Tackle (Kingdom)

Fishing Lures Market Product Type Segments

Freshwater Fishing Lures, Saltwater Fishing Lures

Fishing Lures Market Application Segments

Fishing Supply Stores, Sports Outlets, Online Retail, Others

Table of Contents

Report Overview: This is the first section of the report on the global Fishing Lures market that includes research scope, major manufacturers covered in the research study, market segments by type and application, years considered, and study objectives.

Global Growth Trends: It includes capacity and production analysis where market pricing and trends, capacity, production, and production value are shed light upon. This section also includes industry trends and growth rate of key producers in the global Fishing Lures market.

Market Share by Manufacturers: Here, the report includes important chapters, viz. revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, areas served and distribution by manufacturers, expansion plans, mergers, and acquisitions, products offered by manufacturers, and date of manufacturers entering the global Fishing Lures market.

Market Size by Type: This section discusses ex-factory price by type, production value market share by type, and production market share by type.
Market Size by Application: It brings to light the consumption in the global Fishing Lures market by application.

Production by Region: Here, each regional market is comprehensively studied with key focus on import and export, leading players, production value growth rate, and production growth rate.

Consumption by Region: It includes an analysis of the consumption of each region studied in the report on the basis of country, type, and application.

Company Profiles: There are different players of the global Fishing Lures market profiled in this section of the report. All of the players are analyzed considering their recent developments, products, revenue, and company details.

Market Forecast - Production Side: It includes production and production value forecast by type, forecast of key producers, and production and production value forecast by region.

Market Forecast - Consumption Side: It includes consumption forecast by region and application. In addition, it offers consumption forecast by the country for regional markets studied in the report.

Opportunities and Challenges, Threats, and Affecting Factors: This section provides Porter's Five Forces analysis, market challenges, and market opportunities.

Sales Channel and Value Chain Analyses: It includes customer analysis, analysis of distributors and sales channels, and value chain analysis.

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Key Findings.

Report Objectives

• To carefully analyze and estimate the size of the global Fishing Lures market.
• To clearly segment the global Fishing Lures market and estimate the market size of the segments.
• To provide details about key strategies adopted by leading players of the global Fishing Lures market.
• To help readers understand the current and future market scenarios.
• To provide information about the latest trends of the global Fishing Lures market and its key segments.
• To assess the contribution of each region or country to the global Fishing Lures market.
• To provide information on important drivers, restraints, and opportunities of the global Fishing Lures market.
• To accurately calculate the market shares of key segments, regions, and companies in the global Fishing Lures market.

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