Fishing Reels: A Leading Driver Behind Rising Consumption Of Fish To Drive Market Growth Market Expansion in 2025

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What Will the Fishing Reels Industry Market Size Be by 2025?
In recent years, the fishing reels market size has witnessed significant growth. The market, which anticipated to rise from $5.68 billion in 2024 to $5.99 billion in 2025, is expected to expand at a compound annual growth rate (CAGR) of 5.4%. Factors contributing to the historical growth include the rise in recreational fishing, the expansion of fishing tourism and tournaments, the growth of e-commerce platforms, and an increase in popularity of fly fishing.

What's the Long-Term Growth Forecast for the Fishing Reels Market Size Through 2029?
The market size for fishing reels is predicted to experience significant expansion in the forthcoming years. The market is projected to rise to $7.48 billion by 2029, with a compound annual growth rate (CAGR) of 5.7%. Numerous factors contribute to the growth predictions for the forecast period, such as an increased emphasis on lightweight designs, the demand for reel variants tailored for specific species, alterations in environmental preservation laws, and trends towards customization and personalization. The evolution of compact and portable reels also plays a part. Key trends for the forecast period feature enhancements in gear technology, material advancements, technological updates in drag systems, adoption of sustainable fishing routines, the implementation of smart technologies, eco-friendly and sustainable designs, and the application of artificial intelligence in fishing assistance.

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What Are the Key Growth Drivers Fueling the Fishing Reels Market Expansion?
The growth of the fishing reel market is anticipated to be driven by the rising consumption of fish. Eating fish and other seafood products is what is meant by fish consumption. Fishing reels, which are designed to assist anglers in catching, combating, and successfully landing fish, play a crucial role in this activity. For example, data from the Department of Agriculture, Fisheries and Forestry, a government department based in Australia, reveal that in the 2021-2022 period, Australians ate about 350,000 tonnes of seafood, which equates to a per capita consumption of 13.8 kilograms. At the same time, the overall export value of fishery and aquaculture products increased by 2% to hit $1.28 billion. Hence, it is clear that the ascending trend in fish consumption is a significant factor propelling the fishing reel market's expansion.

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What Are the Key Trends Driving Fishing Reels Market Growth?
The fishing reels market is witnessing an uptrend in product innovations as a key strategy to maintain market dominance. Dominant players in the market, like the Japan-based cycling firm Shimano Inc., have initiated the development of unique products and solutions. For instance, in July 2023, the company introduced the Curado 200 M - a low-profile power baitcasting fishing reel vital for bass fishing with heavier lines and lures. Thanks to its superior features and excellent performance, the Curado 200 M offers durability. The advanced MagnumLite (MGL) Spool III feature in the Shimano's design reduces start-up inertia and enlarges line capacity. Additionally, the reel incorporates the SilentTune technology for noise reduction during casts, and SVS Infinity braking technology for precise casting, secure spool management, and adjustable brake force, making bait transitions and difficult situations manageable.

How Is the Fishing Reels Market Segmented?
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 Companies Are Leading the Charge in Fishing Reels Market Innovation?
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

Which Regions Are Leading the Global Fishing Reels Market in Revenue?
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

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