Global Sports Fishing Equipment Market Outlook 2025-2033: Trends, Growth, and Opportunities

Market Overview
The global sports fishing equipment market has witnessed significant growth, reaching a valuation of USD 14.4 billion in 2024. This growth is fueled by the rising popularity of recreational fishing and outdoor activities. Market projections indicate a continued upward trend, aiming for USD 20.1 billion by 2033, with a compound annual growth rate (CAGR) of 3.84% from 2025 to 2033.

Study Assumption Years

  1. Base Year: 2024

  2. Historical Years: 2019-2024

  3. Forecast Years: 2025-2033

Sports Fishing Equipment Market Key Takeaways

  1. The market is expected to grow from USD 14.4 billion in 2024 to USD 20.1 billion by 2033, at a CAGR of 3.84%.

  2. Technological advancements, such as electric-powered reels and eco-friendly materials, are enhancing the fishing experience and driving market demand.

  3. North America leads the market due to a large base of recreational anglers and high demand for advanced equipment, while the Asia Pacific region is growing rapidly due to increasing tourism and interest in outdoor activities.

  4. Product segments include fishing rods, reels, hooks, lures, lines, rigs, jig heads, and other accessories for both freshwater and saltwater fishing environments.

  5. Key players include AFTCO Mfg. Co., Inc., Gamakatsu USA, GLOBERIDE Inc., Newell Brands, O. Mustad & Son Pte Ltd., OKUMA FISHING TACKLE CO., LTD., Rapala VMC Corporation, and Shimano Inc.

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Market Growth Factors

  1. Innovative Gear: Recent technical developments have significantly improved the fishing experience. For instance, the PENN Fathom Electric Lever Drag Cordless Fishing Reel, launched in July 2024, features an integrated battery, a powerful electric motor, LED display, and customizable settings. These features attract both novice and experienced anglers by offering enhanced efficiency and flexibility in deep-sea and kite fishing.

  2. Rising Disposable Income: Increasing global disposable income makes premium fishing gear more accessible, enabling enthusiasts to invest in products that enhance their fishing experiences. Additionally, more people are participating in recreational activities like coastal and sport fishing while traveling.

  3. Environmental Awareness: Growing consumer interest in eco-friendly products is driving demand for sustainable fishing gear. Manufacturers are responding with performance-efficient, environmentally conscious products. The Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX), scheduled for August 2024, will showcase advancements in sustainable fishing equipment, reflecting the industry’s commitment to environmental preservation.

Market Segmentation

By Product Type

  1. Fishing Rods: Tools designed for casting and controlling fishing lines.

  2. Fishing Reels: Devices attached to rods for winding and storing fishing lines.

  3. Fishing Hooks: Curved devices used to catch fish by impaling them.

  4. Fishing Lures: Artificial baits that mimic prey to attract fish.

  5. Fishing Lines: Cords connecting the hook to the rod and reel.

  6. Fishing Rigs: Arrangements of hooks, lures, and other tackle components.

  7. Fishing Jig Heads: Weighted hooks designed for soft bait and jigging action.

  8. Others: Additional accessories and tools used in fishing activities.

By Application

  1. Freshwater Fishing: Angling in rivers, lakes, and streams with suitable gear.

  2. Saltwater Fishing: Ocean and sea fishing requiring corrosion-resistant equipment for larger species.

By End User

  1. Individual Consumer: Recreational anglers purchasing equipment for personal use.

  2. Clubs: Organizations facilitating group fishing activities and events.

  3. Sports Organizers: Entities coordinating fishing competitions and related events.

By Distribution Channel

  1. Specialty and Sports Stores: Retail outlets focusing on sporting goods.

  2. Departmental and Discount Stores: Large retail establishments offering fishing gear at competitive prices.

  3. Online Stores: E-commerce platforms providing a wide selection of equipment with home delivery.

  4. Others: Direct sales, mail orders, and alternative retail channels.

Breakup by Region

  1. North America (United States, Canada)

  2. Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  3. Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  4. Latin America (Brazil, Mexico, Others)

  5. Middle East and Africa

Regional Insights
North America dominates the global sports fishing equipment market due to a strong angling culture and numerous fishing destinations. High participation rates in recreational fishing, supported by government initiatives promoting sustainable practices, combined with technological advancements and increased spending on premium equipment, contribute to the market’s expansion.

Recent Developments & News

  1. In July 2024, PENN launched the Fathom Electric Lever Drag Cordless Fishing Reel, integrating a battery and smart features to enhance deep-sea fishing efficiency.

  2. The Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) in August 2024 highlighted eco-friendly fishing equipment, emphasizing the industry’s commitment to sustainable angling practices.

Key Players

  1. AFTCO Mfg. Co., Inc.

  2. Gamakatsu USA

  3. GLOBERIDE Inc.

  4. Newell Brands

  5. O. Mustad & Son Pte Ltd.

  6. OKUMA FISHING TACKLE CO., LTD.

  7. Rapala VMC Corporation

  8. Shimano Inc.

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