Sport Fishing Equipment Market Set to Surge - Key Insights You Must Know

Sport Fishing Equipment Market Size

The global Sport Fishing Equipment revenue was US$ 12240 million in 2022 and is forecast to a readjusted size of US$ 16390 million by 2029 with a CAGR of 4.5% during the review period (2023-2029).

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Global fishing equipment key manufacturers include Globeride (Daiwa), Shimano, Pure Fishing, Johnson Outdoors, Rapala VMC Corporation, and others. The top five manufacturers together account for about 25% of the market share, with the largest manufacturer being Globeride (Daiwa), accounting for 8%. The global origins are mainly located in the United States, Europe, China, Japan, Taiwan (China), Southeast Asia, etc. In terms of product categories, rods, reels and components hold the largest market share, accounting for more than 40%, followed by lures and fishing line. In terms of its downstream industries, freshwater fishing has a higher market share, accounting for more than 70%, while saltwater fishing accounts for a lower share.

This report focuses on global and India Sport Fishing Equipment market, also covers the segmentation data of other regions in regional level and county level.

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India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

By Type
• Rods, Reels and Components
• Line, Leaders
• Lures, Files, Baits
• Terminal Tackle
• Electronics

By Application
• Freshwater Fishing
• Saltwater Fishing

Key Companies
Globeride(Daiwa), Shimano, Pure Fishing, Rapala VMC Corporation, Johshuya Co., Cabela's Inc., Weihai Guangwei Group, Pokee Fishing, Humminbird, Shandong Weihai Huanqiu Fishing Tackle, Dongmi Fishing, Eagle Claw, St. Croix Rods, DUEL(YO-ZURI), Tica Fishing, Ningbo ZhongYuan Alljoy Fishing Tackle Co., Ltd, Gamakatsu, Preston Innovations, AFTCO Mfg., Haibo, O. Mustad & Son, Okuma Fishing, Barfilon Fishing, Tiemco

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This release was published on openPR.