The market size for fish hunting equipment worldwide was valued at USD 16.8 billion in 2022 and is anticipated to increase to USD 26.06 billion by 2032, exhibiting a 5% compound annual growth rate (CAGR) during the projection period. The primary driving forces behind the revenue growth of this market are the increasing popularity of recreational fishing and the surging demand for sustainable and eco-friendly fishing gear.
Recreational fishing has become a widely popular activity enjoyed by people of all ages, leading to a surge in demand for advanced and costly fishing equipment that can enhance the overall fishing experience. Additionally, changes in lifestyle patterns and the growth of disposable income levels have also contributed to the high demand for fishing gear. The market revenue growth for fishing equipment is being propelled by the growing interest in fishing as a leisure activity.
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Top Profiled Companies in the Global Nets 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.
Trends of Nets Fish Hunting Equipment Market
- Technological advancements: The fishing equipment market has witnessed significant advancements in technology. This includes the development of advanced fishing rods, reels, fish finders, and other electronic gadgets that enhance the fishing experience. For example, there has been an increase in the use of fish finders with advanced sonar technology, enabling anglers to locate fish more accurately.
- Growing popularity of recreational fishing: Recreational fishing has been gaining popularity worldwide. This trend has led to an increased demand for fishing equipment as more individuals are taking up fishing as a hobby or leisure activity. The growth of recreational fishing has also led to the emergence of specialized fishing equipment tailored to specific types of fishing, such as fly fishing or ice fishing.
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 Nets 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 Nets Fish Hunting Equipment Market.
- Elaborate study of the leading regional markets in the global Nets Fish Hunting Equipment Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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