Press release
Fishing Reels Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Fishing Reels Market
The growth of the fishing reel market is anticipated to be fueled by the rising demand for fish consumption. Consuming fish and other seafood is what is meant by fish consumption, which falls within dietary practices. A key tool used when fishing are fishing reels, purposed to aid an angler in the process of hooking, battling, and successfully capturing fish. For example, records from the Department of Agriculture, Fisheries, and Forestry of Australia in December 2023 confirmed that Australians in 2021-22 devoured around 350,000 tonnes of seafood, which averages out to 13.8 kilograms per individual. Parallelly, the overall value of exports from fishery and aquaculture products experienced a 2% increase, reaching a total of $1.28 billion. As a result, the enhanced intake of fish is resulting in the expansion of the fishing reel market.
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What Is the projected market size and growth rate for the fishing reels market?
Over the past few years, the size of the fishing reels market has exhibited substantial growth. The market, which is expected to increase from $5.68 billion in 2024 to $5.99 billion in 2025, is projected to have a compound annual growth rate (CAGR) of 5.4%. The surge seen in the past can be linked to the growth in leisure fishing activities, the enlargement of fishing tourism, the escalation in fishing tournaments, the broadening of e-commerce platforms, and the increasing popularity of fly fishing.
The market size for fishing reels is predicted to considerably expand in the forthcoming years, escalating to a value of $7.48 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. This growth during the forecasted period is set to be driven by a rising interest in lightweight designs, the requirement for distinct reels for different fish types, alterations in environmental preservation laws, customization and personalization trends, and the development of portable and compact reels. In addition, key market trends are expected to be innovative gear technology, progression in materials, advancements in drag systems technology, sustainable fishing methods, implementation of intelligent technology, eco-friendly and sustainable designs, as well as the utilization of artificial intelligence for fishing guidance.
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What are the most significant trends transforming the fishing reels market today?
One prevailing trend in the fishing reels market is product innovation. To maintain their competitive edge, major market players are concentrating on the creation of novel products and solutions. For example, in July 2023, Shimano Inc., a company based in Japan that specializes in cycling, introduced the Curado 200 M, a robust low-profile power baitcasting fishing reel. This reel, designed with the needs of bass fishermen using heavier lines and lures in mind, offers durability due to its superior features and peak performance. The Curado 200 M boasts an enhanced line capacity, thanks to Shimano's MagnumLite (MGL) Spool III's capacity to reduce startup inertia. The reel also incorporates SilentTune technology, which reduces spool noise during casts. Moreover, its SVS Infinity braking technology enables precise casting by providing dependable spool management and adjustable brake force, allowing for adaptability in difficult conditions or when changing bait.
What major market segments define the scope and growth of the fishing reels market?
The fishing reels market covered in this report is segmented -
1) By Product Type: Spinning, Spin-Cast, Fly Reel, Baitcasting, Other Products
2) By Material: Aluminum, Graphite, Stainless Steel, Other Materials
3) By Fishing Type: Freshwater Fishing, Saltwater Fishing
4) By Reel Mechanism: Anti-Reverse Reel, Direct-Drive Reel
5) By Distribution Channel: Modern Trade, Outdoor Sport Stores, Online Sales, Other Distribution Channels
Subsegments:
1) By Spinning: Light Spinning Reels, Heavy-Duty Spinning Reels
2) By Spin-Cast: Closed-Face Spin-Cast Reels, Open-Face Spin-Cast Reels
3) By Fly Reel: Single-Action Fly Reels, Multiplying Fly Reels
4) By Baitcasting: Low-Profile Baitcasting Reels, Round Baitcasting Reels
5) By Other Products: Trolling Reels, Electric Reels
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Which region dominates the fishing reels market?
North America was the largest region in the fishing reels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fishing reels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the fishing reels industry growth?
Major companies operating 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
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What Is Covered In The Fishing Reels Global Market Report?
• Market Size Forecast: Examine the fishing reels market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the fishing reels market for a structured understanding.
• Key Players Overview: Analyze major players in the fishing reels market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fishing reels market.
• Segment Contributions: Evaluate how different segments drive overall growth in the fishing reels market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fishing reels market.
• Industry Challenges: Identify potential risks and obstacles affecting the fishing reels market.
• Competitive Landscape: Review strategic developments in the fishing reels market, including expansions, agreements, and new product launches.
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