Fishing Reels Market Size Projected To Reach $7.48 Billion By 2034 With A Cagr Of 5.7%

The Fishing Reels Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Fishing Reels Market?
The market for fishing reels has seen robust growth in the past few years. The market, which stood at $5.68 billion in 2024, is expected to expand to $5.99 billion in 2025, marking a compound annual growth rate (CAGR) of 5.4%. The historical surge in this market can be traced back to factors such as the rise in recreational fishing, the burgeoning fishing tourism industry, an increase in fishing tournaments, the proliferation of e-commerce platforms, and a surge in the popularity of fly fishing.

The market for fishing reels is predicted to experience robust growth in the coming years, with an estimated valuation of $7.48 billion in 2029 and a compound annual growth rate (CAGR) of 5.7%. The expected growth during the projection period can be credited to an increased emphasis on lightweight design, the necessity for specialized reels for various species, revisions in environmental conservation laws, aspects of customization and personalization, and the development of small and portable reels. Noteworthy trends during the predicted period are the innovation in gear technology, improvement in materials, technological development in drag systems, sustainable fishing methodologies, implementation of intelligent technologies, sustainable and eco-friendly designs, and the incorporation of artificial intelligence for fishing aid.

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What Are the Different Fishing Reels Market Segments?
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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What Are the Primary Drivers Shaping the Fishing Reels Market?
The anticipated rise in fish consumption is predicted to fuel the expansion of the fishing reel market. The term fish consumption encompasses the eating or intake of fish and other seafood types in one's diet. Fishing reels, which are essential tools for fish catching, are designed to enhance the fisher's capability to effectively hook, battle, and land fish. To illustrate, the Department of Agriculture, Fisheries, and Forestry, a government department based in Australia, reported that Australians consumed roughly 350,000 tonnes of seafood in 2021-22, averaging about 13.8 kilograms per individual in December 2023. In the same period, the total value of fishery and aquaculture product exports saw a 2% increase, culminating at $1.28 billion. Consequently, the surge in fish consumption propels the fishing reel market's advancement.

Which Companies Are Leading in the Fishing Reels Market?
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

What Are the Major Trends Shaping the Fishing Reels Market?
Innovation in products is a significant trend gaining traction in the market for fishing reels. Big players in the fishing reels market are concentrating on creating innovative products and services to maintain their market position. Take for example, in July 2023, Shimano Inc., a company based in Japan that specializes in cycling, introduced the Curado 200 M, a powerful low-profile baitcasting fishing reel. The Curado 200 M is an essential tool for fishermen who fish bass and use heavy lines and lures. Its longevity is guaranteed due to its cutting-edge features and superior performance. Shimano's MagnumLite (MGL) Spool III, used in Curado 200 M, has a feature that reduces startup inertia, thus attaining increased line capacity. SilentTune technology has been incorporated to quiet the spool while casting. With SVS Infinity braking technology, precise casting can be achieved, allowing convenient and dependable spool control and brake force adjustments in tough situations or bait switching.

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What Are the Top Revenue-Generating Geographies in 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fishing Reels Market?
2. What is the CAGR expected in the Fishing Reels Market?
3. What Are the Key Innovations Transforming the Fishing Reels Industry?
4. Which Region Is Leading the Fishing Reels Market?

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