Press release
Fishing Reels Market: Strong Growth, Key Drivers, and Future Projections
Fishing Reels Market
Propelled by trends such as increased focus on lightweight design and integration of AI for fishing assistance, the global fishing reels market is expected to grow vigorously in the coming years.
What Is The Projected Market Size Of The Global Fishing Reels Market And Its Growth Rate?
- The fishing reels market size was at $5.68 billion in 2024 and will grow to $5.99 billion in 2025 with a CAGR of 5.4%.
- Further growth to $7.48 billion is expected in 2029, growing at a CAGR of 5.7%.
- Factors attributing the growth in the historic period are growth in recreational fishing, fishing tourism expansion, fishing tournament increase, expansion of e-commerce platforms, and the rise in fly fishing popularity.
- Expected growth in future years will be driven by the rise of lightweight design, demand for specialized reels for different species, changes in environmental conservation regulations, customization and personalization, and evolution of compact and portable reels.
What Is Driving The Growth In The Fishing Reels Market?
The growth in fish consumption is a primary factor expected to motivate the growth of the global fishing reels market. The increasing trend of eating fish and other seafood as part of one's diet is contributing to the increased use of fishing reels, which are essential for hooking, fighting, and successfully landing fish. For example, Australians consumed approximately 350,000 tons of seafood in 2021-22, according to the Department of Agriculture, Fisheries and Forestry, resulting in a 2% increase in fisheries and aquaculture product exports. This uptrend in fish consumption is expected to continue to propel market growth.
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Who Are the Key Players Driving Fishing Reels Market Growth?
Key players in the fishing reels market include:
- Shimano Inc.
- G. Loomis
- L.L.Bean Inc.
- Pure Fishing Inc.
- Weihai Guangwei Group Co. Ltd.
- Hardy & Greys Limited
- Penn Fishing Tackle Manufacturing Co.
- Hatch Outdoors
- E.A. Pflueger Company
- Quantum Fishing
- Okuma Fishing Tackle Corp.
- Lew's Fishing
- Sage Fly Fishing
- ABU Garcia
- Daiwa Corporation
- Accurate Fishing
- Jiuyu Fishing Tackle Co. Ltd.
- Avet Reels
- Galvan Fly Reels
- Nautilus Reels
- Echo Fly Fishing
- Islander Reels
- Eposeidon Outdoor Adventure Inc
- Lamson
- Loop Tackle Design
- NingBo HaiBao Fishing Tackle Co. Ltd.
- Ross Reels
- Zebco Brands
What Are The Key Trends In The Fishing Reels Market?
Key trends in the fishing reels market include:
- Innovation in gear technology
- Advances in materials
- Technological advancements in drag systems
- Sustainable fishing practices
- Integration of smart technologies
- Sustainable and eco-friendly designs
- Integration of ai for fishing assistance
What Are The Segments Of The Global Fishing Reels Market?
The market includes the following segments:
- By Product Type: Spinning, Spin-Cast, Fly Reel, Baitcasting, Other Products
- By Material: Aluminum, Graphite, Stainless Steel, Other Materials
- By Fishing Type: Freshwater Fishing, Saltwater Fishing
- By Reel Mechanism: Anti-Reverse Reel, Direct-Drive Reel
- By Distribution Channel: Modern Trade, Outdoor Sport Stores, Online Sales, Other Distribution Channels
Which Region Leads The Fishing Reels Market?
In 2024, North America was leading the global fishing reels market. However, during the forecast period, the Asia-Pacific region is expected to demonstrate the fastest growth. The market report covers all regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Fishing Reels Market Global Market Report?
- Market Size Analysis: Analyze the Fishing Reels Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fishing Reels Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fishing Reels Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fishing Reels Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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