Product Code: ETC229644 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India fishing lure market import shipment experienced a significant decline with a CAGR of -17.5% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by 34.5%, indicating a continued deceleration in market expansion. The market exhibited a pronounced slowdown trend over the period.
The India fishing lure market has grown in response to the country`s increasing interest in fishing as a recreational and sporting activity. Fishing lures play a crucial role in attracting fish and enhancing the angler`s chances of success. The market offers a range of lures, including artificial baits, spinners, and jigs, designed for different fishing conditions and target species. As anglers explore various fishing techniques and environments, they seek specialized lures to optimize their fishing experience, contributing to the market`s expansion.
The India fishing lure market is driven by recreational fishing and the desire to enhance fishing success. Fishing lures are designed to imitate the appearance and movement of prey, making them attractive to a wide range of fish species. The market growth is propelled by the increasing interest in sportfishing and the availability of diverse fishing lures, each catering to specific fishing techniques and target species. As anglers seek to improve their fishing experience and catch, fishing lures remain a popular and evolving segment of the fishing equipment market.
Similar to fishing hooks, the India fishing lure market confronts challenges related to competition from traditional fishing practices and local, handmade lures. The market needs to address issues of quality, diversity, and cost-effectiveness to appeal to a wider range of anglers.
The fishing lure market in India encountered a mixed impact during the pandemic. The closure of retail outlets and limitations on outdoor activities initially affected the market. However, as individuals sought safe outdoor recreational activities, there was a surge in demand for fishing lures for personal angling and leisure. The market adapted by enhancing its online presence, providing a channel for sales and marketing. As restrictions ease and outdoor activities regain momentum, the fishing lure market is projected to witness a resurgence.
The India Fishing Lure Market is influenced by key players that include Rapala VMC Corporation, Yo-Zuri, Strike King, and Megabass. These companies manufacture a wide range of fishing lures, baits, and artificial lures that are popular among anglers, enhancing their fishing experience in India diverse water bodies.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Fishing Lure Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Fishing Lure Market Revenues & Volume, 2021 & 2031F |
3.3 India Fishing Lure Market - Industry Life Cycle |
3.4 India Fishing Lure Market - Porter's Five Forces |
3.5 India Fishing Lure Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Fishing Lure Market Revenues & Volume Share, By Fishing Type, 2021 & 2031F |
3.7 India Fishing Lure Market Revenues & Volume Share, By Length, 2021 & 2031F |
3.8 India Fishing Lure Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 India Fishing Lure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in recreational fishing activities in India |
4.2.2 Increasing disposable income among the middle-class population |
4.2.3 Rising interest in sports fishing and angling in India |
4.3 Market Restraints |
4.3.1 Lack of awareness and availability of specialized fishing equipment |
4.3.2 Environmental concerns related to the impact of fishing on marine ecosystems |
5 India Fishing Lure Market Trends |
6 India Fishing Lure Market, By Types |
6.1 India Fishing Lure Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Fishing Lure Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Fishing Lure Market Revenues & Volume, By Jigs, 2021-2031F |
6.1.4 India Fishing Lure Market Revenues & Volume, By Combined Lures, 2021-2031F |
6.1.5 India Fishing Lure Market Revenues & Volume, By Spoons, 2021-2031F |
6.1.6 India Fishing Lure Market Revenues & Volume, By Soft Plastic Baits, 2021-2031F |
6.1.7 India Fishing Lure Market Revenues & Volume, By Flies, 2021-2031F |
6.1.8 India Fishing Lure Market Revenues & Volume, By Spinnerbaits, 2021-2031F |
6.2 India Fishing Lure Market, By Fishing Type |
6.2.1 Overview and Analysis |
6.2.2 India Fishing Lure Market Revenues & Volume, By Freshwater Fishing, 2021-2031F |
6.2.3 India Fishing Lure Market Revenues & Volume, By Saltwater Fishing, 2021-2031F |
6.2.4 India Fishing Lure Market Revenues & Volume, By Great Lake Fishing, 2021-2031F |
6.3 India Fishing Lure Market, By Length |
6.3.1 Overview and Analysis |
6.3.2 India Fishing Lure Market Revenues & Volume, By Less than 4 Inches, 2021-2031F |
6.3.3 India Fishing Lure Market Revenues & Volume, By 4 Inches, 2021-2031F |
6.3.4 India Fishing Lure Market Revenues & Volume, By 5 Inches, 2021-2031F |
6.3.5 India Fishing Lure Market Revenues & Volume, By More than 5 Inches, 2021-2031F |
6.4 India Fishing Lure Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 India Fishing Lure Market Revenues & Volume, By Sports Outlets, 2021-2031F |
6.4.3 India Fishing Lure Market Revenues & Volume, By Modern Trade Channels, 2021-2031F |
6.4.4 India Fishing Lure Market Revenues & Volume, By Fishing Supply Stores, 2021-2031F |
6.4.5 India Fishing Lure Market Revenues & Volume, By Online Retail, 2021-2031F |
6.4.6 India Fishing Lure Market Revenues & Volume, By Other Channels, 2021-2031F |
7 India Fishing Lure Market Import-Export Trade Statistics |
7.1 India Fishing Lure Market Export to Major Countries |
7.2 India Fishing Lure Market Imports from Major Countries |
8 India Fishing Lure Market Key Performance Indicators |
8.1 Number of fishing licenses issued in India |
8.2 Participation rates in fishing tournaments and events |
8.3 Adoption rate of advanced fishing techniques and equipment in India |
9 India Fishing Lure Market - Opportunity Assessment |
9.1 India Fishing Lure Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Fishing Lure Market Opportunity Assessment, By Fishing Type, 2021 & 2031F |
9.3 India Fishing Lure Market Opportunity Assessment, By Length, 2021 & 2031F |
9.4 India Fishing Lure Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 India Fishing Lure Market - Competitive Landscape |
10.1 India Fishing Lure Market Revenue Share, By Companies, 2024 |
10.2 India Fishing Lure Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |