Product Code: ETC229629 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
United Kingdom (UK) Fishing Lure market currently, in 2023, has witnessed an HHI of 5895, Which has increased slightly as compared to the HHI of 3898 in 2017. The market is moving towards 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 lure market is witnessing steady growth due to the rising popularity of recreational fishing activities in the region. Anglers in the UK are increasingly looking for high-quality and innovative fishing lures to enhance their fishing experience. The market offers a wide range of fishing lures, including hard baits, soft plastics, jigs, spinners, and spoons, catering to the diverse preferences of anglers. Key market players are focusing on product innovation, incorporating advanced materials and technologies to improve the performance and durability of fishing lures. The online retail segment is gaining traction in the UK fishing lure market, providing consumers with a convenient platform to explore and purchase a variety of fishing lures from domestic and international brands. Overall, the UK fishing lure market is poised for growth, driven by the increasing interest in fishing as a recreational activity.
In the United Kingdom (UK), the fishing lure market is experiencing a shift towards sustainable and eco-friendly products, driven by increasing environmental awareness among consumers. There is a growing demand for biodegradable and non-toxic fishing lures that minimize harm to marine life and ecosystems. Additionally, innovation in lure design and technology, such as the use of advanced materials and realistic bait imitations, is gaining traction among anglers looking to improve their fishing success rates. Online sales channels are also becoming increasingly popular, providing convenience and a wide range of product options for customers. Overall, the UK fishing lure market is witnessing a move towards more environmentally conscious and technologically advanced products to cater to the evolving preferences of anglers.
In the UK Fishing Lure Market, some of the key challenges faced include increased competition from both domestic and international manufacturers, fluctuating raw material costs, and changing consumer preferences. With the market becoming more saturated, companies are finding it difficult to differentiate their products and establish a strong brand presence. Additionally, the uncertainty surrounding Brexit and its potential impact on trade agreements and regulations could pose challenges for import and export activities within the industry. Furthermore, the growing concern for environmental sustainability and regulations related to fishing practices may require companies to innovate and develop more eco-friendly lure options to meet consumer demand. Overall, navigating these challenges while maintaining profitability and market share remains a key concern for businesses operating in the UK Fishing Lure Market.
The United Kingdom`s fishing lure market offers promising investment opportunities due to the growing popularity of recreational fishing activities in the region. With an increasing number of fishing enthusiasts seeking high-quality and innovative fishing lures, there is a demand for a wide range of products catering to different fishing styles and species. Investing in the UK fishing lure market presents opportunities for companies to develop and introduce new technologies, materials, and designs to attract customers. Additionally, the market allows for potential partnerships with retailers, online platforms, and fishing enthusiasts to expand distribution channels and reach a broader customer base. Overall, investing in the UK fishing lure market has the potential for growth and profitability as the fishing industry continues to thrive.
The UK Fishing Lure Market is impacted by various government policies, including regulations on fishing quotas, marine conservation zones, and licensing requirements for commercial fishing operations. The UK government has implemented measures to promote sustainable fishing practices and protect fish stocks, which directly influence the production and sale of fishing lures. Additionally, Brexit has resulted in changes to fishing rights and access to UK waters, affecting the overall market dynamics for fishing lures. Government policies play a crucial role in shaping the competitive landscape and future growth opportunities for businesses operating in the UK Fishing Lure Market.
The future outlook for the United Kingdom (UK) Fishing Lure Market appears promising, driven by factors such as increasing participation in recreational fishing activities, growing interest in fishing as a hobby, and the rising popularity of fishing tourism in the country. With advancements in technology leading to the development of innovative and specialized fishing lures, the market is expected to witness a surge in demand for high-quality, eco-friendly, and customizable fishing lures. Additionally, the trend towards sustainable and ethical fishing practices is likely to influence consumer preferences, creating opportunities for manufacturers to introduce environmentally conscious products. Overall, the UK Fishing Lure Market is projected to experience steady growth in the coming years, as anglers seek out new and improved fishing gear to enhance their fishing experiences.
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 Lure Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Fishing Lure Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Fishing Lure Market - Industry Life Cycle |
3.4 United Kingdom (UK) Fishing Lure Market - Porter's Five Forces |
3.5 United Kingdom (UK) Fishing Lure Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 United Kingdom (UK) Fishing Lure Market Revenues & Volume Share, By Fishing Type, 2021 & 2031F |
3.7 United Kingdom (UK) Fishing Lure Market Revenues & Volume Share, By Length, 2021 & 2031F |
3.8 United Kingdom (UK) Fishing Lure Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 United Kingdom (UK) Fishing Lure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of recreational fishing in the UK |
4.2.2 Growing interest in sustainable and eco-friendly fishing practices |
4.2.3 Innovation in fishing lure design and technology |
4.3 Market Restraints |
4.3.1 Environmental regulations impacting fishing practices |
4.3.2 Fluctuating raw material prices affecting production costs |
4.3.3 Competition from alternative fishing methods |
5 United Kingdom (UK) Fishing Lure Market Trends |
6 United Kingdom (UK) Fishing Lure Market, By Types |
6.1 United Kingdom (UK) Fishing Lure Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Jigs, 2021 - 2031F |
6.1.4 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Combined Lures, 2021 - 2031F |
6.1.5 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Spoons, 2021 - 2031F |
6.1.6 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Soft Plastic Baits, 2021 - 2031F |
6.1.7 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Flies, 2021 - 2031F |
6.1.8 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Spinnerbaits, 2021 - 2031F |
6.2 United Kingdom (UK) Fishing Lure Market, By Fishing Type |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Freshwater Fishing, 2021 - 2031F |
6.2.3 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Saltwater Fishing, 2021 - 2031F |
6.2.4 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Great Lake Fishing, 2021 - 2031F |
6.3 United Kingdom (UK) Fishing Lure Market, By Length |
6.3.1 Overview and Analysis |
6.3.2 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Less than 4 Inches, 2021 - 2031F |
6.3.3 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By 4 Inches, 2021 - 2031F |
6.3.4 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By 5 Inches, 2021 - 2031F |
6.3.5 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By More than 5 Inches, 2021 - 2031F |
6.4 United Kingdom (UK) Fishing Lure Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Sports Outlets, 2021 - 2031F |
6.4.3 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Modern Trade Channels, 2021 - 2031F |
6.4.4 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Fishing Supply Stores, 2021 - 2031F |
6.4.5 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Online Retail, 2021 - 2031F |
6.4.6 United Kingdom (UK) Fishing Lure Market Revenues & Volume, By Other Channels, 2021 - 2031F |
7 United Kingdom (UK) Fishing Lure Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Fishing Lure Market Export to Major Countries |
7.2 United Kingdom (UK) Fishing Lure Market Imports from Major Countries |
8 United Kingdom (UK) Fishing Lure Market Key Performance Indicators |
8.1 Number of fishing licenses issued in the UK |
8.2 Participation rate in fishing-related events and competitions |
8.3 Adoption rate of eco-friendly fishing gear and lures |
8.4 Number of patents filed for fishing lure designs |
8.5 Investment in research and development for fishing lure technologies |
9 United Kingdom (UK) Fishing Lure Market - Opportunity Assessment |
9.1 United Kingdom (UK) Fishing Lure Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 United Kingdom (UK) Fishing Lure Market Opportunity Assessment, By Fishing Type, 2021 & 2031F |
9.3 United Kingdom (UK) Fishing Lure Market Opportunity Assessment, By Length, 2021 & 2031F |
9.4 United Kingdom (UK) Fishing Lure Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 United Kingdom (UK) Fishing Lure Market - Competitive Landscape |
10.1 United Kingdom (UK) Fishing Lure Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Fishing Lure Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |