How big is the fishing equipment market?
According to 6Wresearch internal database and industry insights,
GLobal fishing equipment market was valued at
USD 17.2 Billion in 2024 and is expected to reach
USD 29.8 Billion by 2031, growing at a
compound annual growth rate of 8.10% during the forecast period.
Market expansion is driven by rising recreational fishing participation, technological innovation in gear, and increasing government support for sustainable angling practices. Furthermore, the growth of fishing tourism and e-commerce platforms is making fishing equipment more accessible to a broader consumer base.
Key Growth Factors of the Fishing Equipment Market
- Expansion of sport and leisure fishing activities worldwide
- Advancements in fishing rods, reels, and sonar-based gear
- Government initiatives supporting sustainable fishing practices
- Increased coastal and freshwater angling tourism
- Rise in product personalization and ergonomic equipment design
- Growing availability of multifunctional, travel-friendly equipment
Fishing Equipment Market Trends
Fishing equipment market trends include the development of AI-integrated fish finders, lightweight carbon fiber rods, biodegradable lures, and mobile-controlled casting systems. There is also growing demand for modular gear setups tailored for different terrains and fishing conditions.
Emerging Developments in the Fishing Equipment Market
The integration of GPS and wireless connectivity in reels, the use of recycled materials for sustainable tackle, and IoT-enabled gear for performance tracking are all included in emerging developments in the fishing equipment market. Collaborations between tech firms and traditional brands are fostering innovation in smart fishing systems.
Leading Companies in the Fishing Equipment Market
- Shimano Inc.
- Pure Fishing, Inc.
- Daiwa Corporation
- Rapala VMC Corporation
- Okuma Fishing Tackle Co., Ltd.
- Eagle Claw Fishing Tackle
How big is the fishing equipment market : FAQs
The fishing equipment market is projected to reach USD 29.8 billion by 2031.
The fishing equipment market is forecasted to grow at a CAGR of 8.10% from 2025 to 2031.
Fishing rods, reels, lines, lures, and fish finders are the top-selling categories in the market.
Consumers are increasingly seeking portable, tech-enabled, and eco-conscious fishing gear.
North America remains dominant, while Europe and Asia-Pacific are emerging as high-growth regions.
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