Sports Fishing Equipment Industry Sports Fishing Equipment Industry

Sports Fishing Equipment Industry Key Players, Trends, Growth
Opportunities and Industry Forecast till 2025
“Rising participation in fishing activities by people of all
ages (particularly youth and females), increasing
popularity of fishing, and rise in demand for sports
fishing equipment are some of the factors driving the
market.”
Global sports fishing equipment market is expected to grow significantly in the forecast period due to rising
popularity of fishing. Sport fishing is carried out fishing equipment like hooks, line, reel, rods, etc. These
equipment are mostly used by the participants in sports fishing who are also known as anglers.
Rising participation in fishing activities by people of all ages (particularly youth and females), increasing
popularity of fishing, and rise in demand for sports fishing equipment are some of the factors driving the
market. Moreover, increase in demand for sea food and increasing disposable income of consumers are also
expected to drive the market growth. However, several taxes imposed for fishing and motorboat fuel are
hampering the growth of the market.
Increasing popularity of spearfishing is an emergent trend witnessed by sports fishing equipment market.
Additionally, advent of fish aggregating devices (FADS) is also attracting larger audience, mostly in the
Caribbean islands. The changing food lifestyle of consumers on the global scale is expected to offer
opportunities to the market.
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Market is categorized on the basis of product type, distribution channel, end user and geography. On the basis
of product type, market is divided into rods, reels and components, files, leaders, line, lures, electronics, baits,