Fishing Equipment Market to Grow from $13.4B in 2025 to $21.7B by 2035 at 4.9% CAGR; North America Leads with 47% Share ($6.3B)

According to the report, the fishing equipment market is anticipated to grow from USD 13.4 Billion in 2025 to USD 21.7 Billion in 2035 at a CAGR of 4.9% during the forecast. Driven by a wave of recreational angling, outdoor wellness trends, and eco-friendly consumer behavior, the fishing tackle market is evolving in terms of gear functionality and design as well.

Consequently, in Florida, USA, area tourism boards have begun setting up community tackle banks and locations where tourists can borrow eco-lures at state parks, for sustainable fishing practices for holidaymakers and casual fishing.

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Key players operating in the fishing equipment market include:

AFTCO Mfg. Co., Inc., Bass Pro Shops, Berkley (a brand of Pure Fishing), Cabela's Inc., Daiwa Corporation, Eagle Claw Fishing Tackle Co., Gamakatsu Co., Ltd., Hardy & Greys Ltd., Johnson Outdoors Inc., Okuma Fishing Tackle Co., Ltd., Orvis Company Inc., Penn Fishing Tackle Manufacturing Company, Preston Innovations, Pure Fishing, Inc., Rapala VMC Corporation, SeaKnight Fishing Tackle Co., Ltd., Shimano Inc., St. Croix Rods, Tica Fishing Tackle, Zebco Brands, and other key players.

Impact of Global Tariff Policies on the Global Fishing Equipment Market Growth and Strategy"

Trade policies can affect the supply of raw materials and finished products in the fishing equipment industry, especially when that sort of production (e.g., rods, reels, lures) is concentrated in the Asia-Pacific region (i.e., China, Japan, Korea, etc.). If importing-states like the U.S. or EU-issued trade policies such as tariffs on recreational gear, price points are supposed to likely rise and result in a decline in demand for disadvantaged or price-sensitive consumer segments.

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Key Driver, Restraint, and Growth Opportunity Defining the Global Fishing Equipment Market

The fishing equipment industry has several key players such as Daiwa (Globeride), Rapala VMC Corporation, Shimano and Pure Fishing that control a lot of global brand share with a combination of unique and expensive gear and technology-based product differentiation, while the industry has seen some growth as a result of increased participation in recreational fishing, a facet that is encouraged by tourism and health trends towards outdoor activities and wellness, also considerable limitations to the fishery landscape including environmental regulations, overfishing, and eco-friendly material demands, limited options for reducing marine pollution, over-commercialization of sensitive ecosystems, commercialization of fishing in general.

However, the market still has a future if it can innovate sustainably, with biodegradable anti-fishing lures, smart fishing technology, and off-the-shelf assembly kits for beginners, as well as among trends such as portable apps on phones for fishing, real-time weather tracking apps, and digital and social media angling communities worldwide.

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Recent Development and Strategic Overview:

In June 2025, Daiwa (Globeride Inc.) launched its "InfinityCast X Series", a smart rod-and-reel system featuring Bluetooth connectivity, real-time cast tracking, and temperature-tuned drag systems. Developed at Globeride's innovation center in Japan, the system is designed to serve urban and coastal recreational anglers alike. With carbon nanotube rods and AI-enhanced line tension adjustment, the InfinityCast X Series has better precision and longer cast distances. The line is now available in key markets in Japan, the U.S., and the UK, and it has gained traction among an audience of curious sport fishing enthusiasts.

In March 2025, Rapala VMC Corporation has launched its new "BioLure Natural Series", an innovative line of biodegradable lures infused with fish-attractants for eco-conscious anglers throughout Europe and North America. These products were developed and tested by marine biologists in Scandinavian waters. Designed to mimic the movement of prey in their local water, they safely dissolve after a longer use. The BioLure series is plastic-free, and made with renewable marine-sourced biopolymers with an EU Ecolabel certification.
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Key Trend: Rising Popularity of Modular and Multi-Functional Fishing Equipment among Outdoor Enthusiasts

Owing to the modern recreational anglers look for versatility, portability, and technology in their equipment, the market is significantly shifting towards modular, lightweight and multi-functional fishing gear. With the rise of concepts like "Adventure Fishing", anglers want gear that can take them across a variety of environments: fresh to saltwater, shore to boat fishing. This has created a wave of new products: telescoping rods, collapsible reels, and modular lure systems.
Additionally, innovations and digital enhancements like Bluetooth fish finders, wearable gear, and smart tackle boxes are driving a trend that is not only pushing for innovation and education by brands to promote new gear that serves as a gateway into adventure sports focused on weekend getaways and solo travel, particularly an audience of young and technologically-oriented consumers. Brands that are providing customizable kits or tech-enabled yet old-fashioned kits, are gaining ground in a new consumer environment.

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