The global fish hunting equipment market size was valued at USD 16.8 billion in 2022 and is expected to reach USD 26.06 billion by 2032, and register a revenue CAGR of 5% during the forecast period. Increasing popularity of recreational fishing activities and rising demand for environment-friendly and sustainable fishing gear are major factors driving market revenue growth.
Recreational fishing is now done for fun and pleasure by people of all ages, and it has skyrocketed in popularity in recent years. As a result, there is high demand for expensive, innovative fishing equipment, which enhances fishing as a whole. Changing lifestyles and rising disposable money have also created high demand for fishing gear. Revenue growth of the market for fishing equipment is driven by rising interest in fishing as a leisure activity, driving revenue growth of the market.
Top Profiled Companies in the Global Fish Hunting Equipment Market Report:
- Rapala VMC Corporation
- Shimano Inc.
- Pure Fishing, Inc.
- Newell Brands Inc.
- Okuma Fishing Tackle Corporation
- AFTCO Manufacturing Company, Inc.
- Eagle Claw Fishing Tackle Co.
- St. Croix Rods
- Weihai Guangwei Group Co., Ltd.
- O. Mustad Son A.S.
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The global consumer goods market revenue growth is primarily attributed to factors such as the rapid increase in global population, an increasing demand for food and other essential consumer goods such as healthcare nutrition, personal care hygiene, and electronic products, and the changing lifestyles and preferences of consumers, the growing demand for packaged and processed products in food and beverage, and the growing working population. Manufacturing and packaging techniques have advanced technologically, as well as the adoption of cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), big data analytics, robotics, and automation in the consumer goods industry. Other key factors driving global consumer goods market revenues include increasing awareness of the negative environmental effects of plastic packaging, as well as a growing demand for environmentally friendly and sustainable packaging solutions. Consumer income levels are expected to rise in developing economies such as India thanks to government regulations and guidelines regarding product quality and safety.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook:
- Fishing Rods
- Reels
- Lures Baits
- Hooks
- Nets
- Lines
- Others
Fishing Type Outlook:
- Freshwater
- Saltwater
- Fly Fishing
- Ice Fishing
- Others
End-Use Outlook:
- Commercial
- Recreational
Key Takeaways of the Global Fish Hunting Equipment Market Report:
- A comprehensive overview of the global Fish Hunting Equipment industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Fish Hunting Equipment market.
- Elaborate study of the leading regional markets in the global Fish Hunting Equipment market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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