| Product Code: ETC229509 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
United Kingdom (UK) Fishing Equipment market currently, in 2023, has witnessed an HHI of 6136, Which has increased moderately as compared to the HHI of 3878 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The United Kingdom (UK) Fishing Equipment Market is a dynamic industry characterized by a diverse range of products catering to recreational and commercial fishing activities. Key segments within the market include fishing rods, reels, lines, lures, tackle boxes, and accessories. The market is driven by factors such as a growing interest in fishing as a leisure activity, increasing disposable income levels, and technological advancements in fishing gear. Major players in the UK Fishing Equipment Market include well-known brands like Daiwa, Shimano, and Penn. Online retail channels have gained significant traction, offering a wide variety of products and convenient shopping experiences for customers. Sustainable fishing practices and environmentally friendly products are also becoming increasingly important in the market, reflecting a broader trend towards conservation and ethical consumption in the fishing industry.
In the United Kingdom, the Fishing Equipment Market is witnessing several key trends. Firstly, there is a growing demand for sustainable and environmentally friendly fishing gear, driven by increasing awareness of marine conservation and sustainable fishing practices. This has led to a rise in the popularity of products such as biodegradable fishing lines and eco-friendly fishing lures. Secondly, with the rise of social media influencers and online fishing communities, there is a trend towards personalized and specialized fishing equipment tailored to individual preferences and fishing styles. Additionally, technological advancements such as the integration of GPS and sonar technologies in fishing equipment are gaining traction, providing anglers with enhanced capabilities for locating and catching fish. Overall, these trends indicate a shift towards more eco-conscious, personalized, and technologically advanced fishing equipment in the UK market.
The United Kingdom (UK) Fishing Equipment Market faces several challenges, including the impact of Brexit on trade regulations and tariffs with EU countries, as well as potential disruptions to the supply chain. Additionally, the industry is also dealing with increasing competition from online retailers and changing consumer preferences towards sustainable and eco-friendly fishing gear. Another challenge is the fluctuating raw material prices, such as steel and plastics, which can impact manufacturing costs for fishing equipment manufacturers. Furthermore, environmental concerns surrounding overfishing and marine pollution are putting pressure on the industry to adopt more sustainable practices. Overall, navigating these challenges requires companies in the UK Fishing Equipment Market to innovate, adapt, and align with changing market dynamics to remain competitive and meet consumer demands.
The United Kingdom`s Fishing Equipment Market presents several promising investment opportunities. With a strong fishing tradition and a growing interest in recreational fishing, there is a demand for high-quality fishing gear and equipment. Investing in innovative and sustainable fishing technologies, such as eco-friendly fishing equipment and advanced fish-finding devices, could be lucrative. Additionally, there is potential in developing specialized fishing equipment tailored to specific types of fishing, such as fly fishing or deep-sea fishing. Furthermore, with the increasing popularity of fishing as a leisure activity, investing in online platforms for selling fishing equipment or creating fishing gear subscription services could also be profitable. Overall, the UK Fishing Equipment Market offers diverse investment avenues for those looking to capitalize on the growing interest in fishing activities.
Government policies related to the UK Fishing Equipment Market involve regulations to ensure sustainable fishing practices, conservation of marine resources, and support for the fishing industry. The UK government sets quotas for fish catches to prevent overfishing and protect fish stocks. Additionally, there are regulations on the types of fishing equipment that can be used to minimize environmental impact, such as restrictions on the use of certain gear that can harm marine habitats. The government also provides subsidies and grants to support the fishing industry, including funding for equipment upgrades and training programs. Overall, the government`s policies aim to balance the economic interests of the fishing industry with the need to protect the marine environment for future generations.
The future outlook for the United Kingdom Fishing Equipment Market appears promising, driven by factors such as increasing participation in recreational fishing activities, growing interest in sustainable fishing practices, and the rise of fishing as a popular outdoor leisure pursuit. With the emphasis on conservation and responsible fishing practices, there is a growing demand for high-quality, eco-friendly fishing equipment such as rods, reels, lines, and tackles. Additionally, technological advancements in fishing gear, such as smart fishing rods and GPS-enabled devices, are expected to further propel market growth. However, challenges such as regulatory changes, environmental concerns, and competition from online retailers may impact the market dynamics. Overall, the UK Fishing Equipment Market is poised for steady growth in the coming years.
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 United Kingdom (UK) Fishing Equipment Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Fishing Equipment Market - Industry Life Cycle |
3.4 United Kingdom (UK) Fishing Equipment Market - Porter's Five Forces |
3.5 United Kingdom (UK) Fishing Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 United Kingdom (UK) Fishing Equipment Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.7 United Kingdom (UK) Fishing Equipment Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 United Kingdom (UK) Fishing Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing popularity of recreational fishing in the UK |
4.2.2 Increasing disposable income of consumers |
4.2.3 Technological advancements in fishing equipment |
4.2.4 Rise in tourism activities related to fishing in the UK |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations impacting fishing practices |
4.3.2 Fluctuating raw material prices affecting production costs |
4.3.3 Competition from substitute leisure activities |
4.3.4 Brexit-related uncertainties impacting trade and supply chain |
5 United Kingdom (UK) Fishing Equipment Market Trends |
6 United Kingdom (UK) Fishing Equipment Market, By Types |
6.1 United Kingdom (UK) Fishing Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Hooks, 2021 - 2031F |
6.1.4 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Lines, 2021 - 2031F |
6.1.5 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Sinkers & Floats, 2021 - 2031F |
6.1.6 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Rods, 2021 - 2031F |
6.1.7 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Reels, 2021 - 2031F |
6.1.8 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Nets & Traps, 2021 - 2031F |
6.1.9 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
6.1.10 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 United Kingdom (UK) Fishing Equipment Market, By Nature |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Fresh Water, 2021 - 2031F |
6.2.3 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Salt Water, 2021 - 2031F |
6.2.4 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Fly Fishing, 2021 - 2031F |
6.3 United Kingdom (UK) Fishing Equipment Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Online, 2021 - 2031F |
6.3.3 United Kingdom (UK) Fishing Equipment Market Revenues & Volume, By Offline, 2021 - 2031F |
7 United Kingdom (UK) Fishing Equipment Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Fishing Equipment Market Export to Major Countries |
7.2 United Kingdom (UK) Fishing Equipment Market Imports from Major Countries |
8 United Kingdom (UK) Fishing Equipment Market Key Performance Indicators |
8.1 Number of fishing licenses issued in the UK |
8.2 Participation rates in fishing-related events and tournaments |
8.3 Adoption rate of sustainable fishing practices |
8.4 Investment in research and development for fishing equipment innovation |
8.5 Customer satisfaction and loyalty metrics for fishing equipment brands |
9 United Kingdom (UK) Fishing Equipment Market - Opportunity Assessment |
9.1 United Kingdom (UK) Fishing Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 United Kingdom (UK) Fishing Equipment Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.3 United Kingdom (UK) Fishing Equipment Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 United Kingdom (UK) Fishing Equipment Market - Competitive Landscape |
10.1 United Kingdom (UK) Fishing Equipment Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Fishing Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |