Fishing Devices Market Size is growing at CAGR of 14%, this report covers analysis by Market Segmentation, Growth and Forecast 2024 - 2031

The growth of the "Fishing Devices market" has been significant, driven by various critical factors. Increased consumer demand, influenced by evolving lifestyles and preferences, has been a major contributor.

Fishing Devices Market Report Outline, Market Statistics, and Growth Opportunities

due to the increasing popularity of recreational fishing and the development of advanced fishing technologies. Key market trends include the rising demand for fishing devices such as fish finders, rods, reels, and tackles, supported by the growth of the fishing industry worldwide. Challenges facing the industry include environmental concerns regarding overfishing and habitat destruction, as well as competition from alternative leisure activities. Opportunities for growth lie in the development of innovative and sustainable fishing devices, expansion into emerging markets, and strategic partnerships with key stakeholders. Overall, the fishing devices market is poised for significant expansion in the coming years, driven by technological advancements, changing consumer preferences, and increasing participation in fishing activities globally.

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Market Segmentation Analysis

The Fishing Devices market is composed of various types of products such as rods, reels and components, lines, leaders, lures, flies, baits, terminal tackle, and others. These products are essential for both freshwater and saltwater fishing activities.

Freshwater fishing primarily involves fishing in ponds, lakes, rivers, and streams, while saltwater fishing takes place in oceans and seas. Both types of fishing require specific equipment to effectively catch different types of fish. The Fishing Devices market provides a wide range of products to cater to the needs of anglers in both freshwater and saltwater environments.

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The Impact of Covid-19 and Russia-Ukraine War on Fishing Devices Market 

The Russia-Ukraine War and Post Covid-19 Pandemic have had significant impacts on the Fishing Devices market. The conflicts have disrupted supply chains, leading to shortages of raw materials and components for manufacturing fishing devices. This has resulted in higher production costs and ultimately higher prices for consumers.

Despite these challenges, there is still growth expected in the Fishing Devices market as the demand for recreational fishing activities is anticipated to increase as people seek outdoor leisure activities post the pandemic. Additionally, the need for sustainable fishing practices and equipment is driving innovation in the market, leading to the development of more advanced and eco-friendly fishing devices.

The major benefactors in the Fishing Devices market are likely to be companies that can adapt to the changing market dynamics quickly and efficiently. Those who can navigate the supply chain disruptions and meet the evolving consumer demands for sustainability and innovation are poised to capitalize on the growth opportunities in the market.

Companies Covered: Fishing Devices Market

• Newell (Jarden Corporation)
• Globeride(Daiwa)
• Shimano
• Rapala VMC Corporation
• Weihai Guangwei Group
• Dongmi Fishing
• RYOBI
• Pokee Fishing
• Cabela's Inc.
• Eagle Claw
• Humminbird
• St. Croix Rods
• Gamakatsu
• Tica Fishing
• DUEL(YO-ZURI)
• Tiemco
• Preston Innovations
• Beilun Haibo
• AFTCO Mfg.
• O. Mustad & Son
• Okuma Fishing
• Barfilon Fishing

The market leaders in the fishing devices industry include companies like Shimano, Rapala VMC Corporation, and Daiwa. These established companies have a strong presence in the market with a wide range of products and a loyal customer base. New entrants in the industry include companies like Beilun Haibo and Barfilon Fishing, who are trying to make their mark in the industry.

These companies can help to grow the fishing devices market by continuously innovating and improving their products, expanding their distribution channels, and increasing their marketing efforts to reach a wider audience. By offering high-quality and technologically advanced fishing devices, these companies can attract more customers and drive growth in the market.

- Shimano: Sales revenue of $ billion

- Rapala VMC Corporation: Sales revenue of $262 million

- Daiwa: Sales revenue of $1.1 billion

Country-level Intelligence Analysis 

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The fishing devices market is witnessing significant growth across various regions. In North America, the United States and Canada are leading the market with advanced technologies and increasing demand for recreational fishing. In Europe, countries like Germany, France, the ., and Italy are showing steady growth in the market. Asia-Pacific, particularly China, Japan, South Korea, and India, is expected to dominate the market in the coming years due to the increasing popularity of fishing as a leisure activity. Latin America, Middle East & Africa are also experiencing growth in the market. China is expected to have the highest market share percent valuation in the near future due to its growing fishing industry and technological advancements.

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What is the Future Outlook of Fishing Devices Market?

The present outlook of the Fishing Devices market is promising, with increasing demand for innovative and advanced fishing tools and equipment. The market is driven by factors such as technological advancements, rising interest in recreational fishing activities, and growth of the fishing industry worldwide. In the future, the market is expected to witness significant growth due to increasing disposable income, changing consumer preferences, and development of sustainable fishing practices. Manufacturers are focusing on product innovation, automation, and eco-friendly solutions to cater to the evolving needs of anglers. Overall, the Fishing Devices market is poised for steady growth in the coming years.

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Market Segmentation 2024 - 2031

In terms of Product Type, the Fishing Devices market is segmented into:

• Rods, Reels and Components
• Line, Leaders
• Lures, Files, Baits
• Terminal Tackle
• Others

In terms of Product Application, the Fishing Devices market is segmented into:

• Freshwater Fishing
• Saltwater Fishing

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Key FAQs 

• What is the outlook for the Fishing Devices market in the coming years?

It provides insights into future growth prospects, challenges, and opportunities for the industry.

• What is the current size of the global Fishing Devices market?

The report usually provides an overview of the market size, including historical data and forecasts for future growth.

• Which segments constitute the Fishing Devices market?

The report breaks down the market into segments like type of Fishing Devices, Applications, and geographical regions.

• What are the emerging market trends in the Fishing Devices industry?

It discusses trends such as sustainability, innovative uses of Fishing Devices, and advancements in technologies.

• What are the major drivers and challenges affecting the Fishing Devices market?

It identifies factors such as increasing demand from various industries like fashion, automotive, and furniture, as well as challenges such as environmental concerns and regulations.

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