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By 2030, the market for fishing reels, which was valued at $5.8 billion in 2022, is expected to have grown to $7.9 billion, with a CAGR of 5.3% between 2023 and 2030.
The rise in female recreational fishing involvement is a key factor driving the fish reels market. There is an increasing need for fishing reels that are tailored to the demands of women, as more women are taking up fishing as a hobby or sport. This includes lightweight, ergonomic reels that are easier for female anglers to handle and are more comfortable. Manufacturers that recognize and target this industry might access an underserved market, opening up fresh growth opportunities.
The rising popularity of kayak fishing is a key motivator. Specialized reels that are small, light, and water-resistant are needed as more anglers use kayaks for their fishing excursions. The creation of reels designed exclusively for kayak fishing can spur market expansion and satisfy the particular needs of this expanding sector. Untapped opportunities exist as specialty fishing styles and methods arise. For instance, reels with certain features and capabilities are needed for fly fishing, ice fishing, and saltwater surfcasting. Manufacturers that concentrate on creating reels that are tailored for these specialized fishing techniques might draw a loyal following and acquire a competitive advantage.
The COVID-19 pandemic's effects have resulted in a considerable increase in demand for the industry. The pandemic has encouraged people all throughout the world to take up fishing as a hobby of social seclusion. Fishing tackle stores have been experiencing severe supply shortages due to the closure of major warehouses and companies that produce fishing tackle, despite the fact that demand for the product is still high worldwide. Over the course of the prediction, North America is anticipated to grow considerably. Over the years, there has been a steady demand for fishing reels due to the increasing popularity of recreational fishing in the area. Over 49 million Americans participate in recreational fishing each year, according to the American Sportfishing Association (ASA). As a result, North America is anticipated to be a lucrative market for fishing reels over the forecast period due to the region's abundance of fisherman.
The world's biggest exporter of fishing reels is still China. But the growing popularity of handmade goods has been bolstering the expansion of the European markets, most notably Italy. Global producers are going to concentrate on creating handcrafted items in the near future in order to appeal to a variety of customers. Manufacturers are likely to create new anodizing methods and totally sealed drag systems to combat the issue of corrosion in the product's internal components.
Fishing line is wound and stored on fishing reels, which are mounted to fishing rods. Due to the growing impact of the blue economy on a country's GDP, the worldwide fishing reels market is anticipated to expand significantly over the course of the projected period. It is projected that the growing popularity of leisure, hunting, and recreational activities would accelerate the expansion of the fishing reels sector. Worldwide, fishing is growing in popularity among people of all ages. The Food and Agricultural Organization of the United Nations (2018) estimated that recreational fishing is practiced by an average of 6.7% of the world's population. However, this number varies greatly and is directly related to economic, cultural, and societal developments that affect the availability of resources, leisure time, and socialization with recreational fishing. Marine recreational fishing is practiced by an estimated 9 million persons in Europe, or 1.6% of the total population, who spend around $6.7 billion annually and fish for about 77 million days each year.
Children's growing interest in fishing and related activities has given stakeholders new commercial options. Additionally, fishing has become a popular outdoor activity for both adults and children. Additionally, parents are encouraging kids to start fishing since it improves their ability to focus and be patient. In addition, there are some straightforward fishing poles available that are made especially for kids. These short rods have kid-friendly characters accessible on them. Additionally, Mitchell, a producer of fishing gear, makes a variety of 5 12 foot combos that are ideal for children 7 and older. Thus, the expansion of the fishing reels market is further fueled by the increase in children's interest in fishing activities and the accessibility of fishing equipment for kids.
Report Coverage
Global Fishing Reels research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fishing Reels report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fishing Reels competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fishing Reels market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fishing Reels market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fishing Reels market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Pure Fishing, Inc., Tica Fishing Tackle, kastking, Abu Garcia, Shimano, Inc., Piscifun, Rather outdoors,corporation, Tackle World, zebco, BPS Direct, LLC., okuma inspired fishing, The Orvis Company, Inc., Rhythm inc, Daiwa Corporation, BCF Australia, Penn Fishing Tackle (USA), Pflueger (USA), Quantum Fishing (USA), Lew's Fishing (USA), Rapala (Finland), Mitchell Fishing (France), 13 Fishing (USA), St. Croix Rods (USA), Hardy Fishing (UK), G. Loomis (USA), Fin-Nor (USA), Avet Reels (USA), Van Staal (USA), Redington (USA), Ross Reels (USA), Temple Fork Outfitters (USA), Seahawk (China), Jarvis Walker (Australia)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fishing Reels market based on the below-mentioned segments:
Global Fishing Reels Market, By Product Type
Spinning
Spincast
Fly Reel
Baitcasting
Others
Global Fishing Reels market, By Material
Aluminum
Graphite
Stainless Steel
Others
Global Fishing Reels Market, By Distribution Channel
Modern Trade
Outdoor Sport Stores
Online Sales
Others
Global Fishing Reels market, Regional Analysis
The rise in female recreational fishing involvement is a key factor driving the fish reels market. There is an increasing need for fishing reels that are tailored to the demands of women, as more women are taking up fishing as a hobby or sport. This includes lightweight, ergonomic reels that are easier for female anglers to handle and are more comfortable. Manufacturers that recognize and target this industry might access an underserved market, opening up fresh growth opportunities.
The rising popularity of kayak fishing is a key motivator. Specialized reels that are small, light, and water-resistant are needed as more anglers use kayaks for their fishing excursions. The creation of reels designed exclusively for kayak fishing can spur market expansion and satisfy the particular needs of this expanding sector. Untapped opportunities exist as specialty fishing styles and methods arise. For instance, reels with certain features and capabilities are needed for fly fishing, ice fishing, and saltwater surfcasting. Manufacturers that concentrate on creating reels that are tailored for these specialized fishing techniques might draw a loyal following and acquire a competitive advantage.
The COVID-19 pandemic's effects have resulted in a considerable increase in demand for the industry. The pandemic has encouraged people all throughout the world to take up fishing as a hobby of social seclusion. Fishing tackle stores have been experiencing severe supply shortages due to the closure of major warehouses and companies that produce fishing tackle, despite the fact that demand for the product is still high worldwide. Over the course of the prediction, North America is anticipated to grow considerably. Over the years, there has been a steady demand for fishing reels due to the increasing popularity of recreational fishing in the area. Over 49 million Americans participate in recreational fishing each year, according to the American Sportfishing Association (ASA). As a result, North America is anticipated to be a lucrative market for fishing reels over the forecast period due to the region's abundance of fisherman.
The world's biggest exporter of fishing reels is still China. But the growing popularity of handmade goods has been bolstering the expansion of the European markets, most notably Italy. Global producers are going to concentrate on creating handcrafted items in the near future in order to appeal to a variety of customers. Manufacturers are likely to create new anodizing methods and totally sealed drag systems to combat the issue of corrosion in the product's internal components.
Fishing line is wound and stored on fishing reels, which are mounted to fishing rods. Due to the growing impact of the blue economy on a country's GDP, the worldwide fishing reels market is anticipated to expand significantly over the course of the projected period. It is projected that the growing popularity of leisure, hunting, and recreational activities would accelerate the expansion of the fishing reels sector. Worldwide, fishing is growing in popularity among people of all ages. The Food and Agricultural Organization of the United Nations (2018) estimated that recreational fishing is practiced by an average of 6.7% of the world's population. However, this number varies greatly and is directly related to economic, cultural, and societal developments that affect the availability of resources, leisure time, and socialization with recreational fishing. Marine recreational fishing is practiced by an estimated 9 million persons in Europe, or 1.6% of the total population, who spend around $6.7 billion annually and fish for about 77 million days each year.
Children's growing interest in fishing and related activities has given stakeholders new commercial options. Additionally, fishing has become a popular outdoor activity for both adults and children. Additionally, parents are encouraging kids to start fishing since it improves their ability to focus and be patient. In addition, there are some straightforward fishing poles available that are made especially for kids. These short rods have kid-friendly characters accessible on them. Additionally, Mitchell, a producer of fishing gear, makes a variety of 5 12 foot combos that are ideal for children 7 and older. Thus, the expansion of the fishing reels market is further fueled by the increase in children's interest in fishing activities and the accessibility of fishing equipment for kids.
Report Coverage
Global Fishing Reels research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fishing Reels report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fishing Reels competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fishing Reels market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Pure Fishing, Inc., Tica Fishing Tackle, kastking, Abu Garcia, Shimano, Inc., Piscifun, Rather outdoors,corporation, Tackle World, zebco, BPS Direct, LLC., okuma inspired fishing, The Orvis Company, Inc., Rhythm inc, Daiwa Corporation, BCF Australia, Penn Fishing Tackle (USA), Pflueger (USA), Quantum Fishing (USA), Lew's Fishing (USA), Rapala (Finland), Mitchell Fishing (France), 13 Fishing (USA), St. Croix Rods (USA), Hardy Fishing (UK), G. Loomis (USA), Fin-Nor (USA), Avet Reels (USA), Van Staal (USA), Redington (USA), Ross Reels (USA), Temple Fork Outfitters (USA), Seahawk (China), Jarvis Walker (Australia) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Fishing Reels Market from 2021 to 2030.
- Market Forecast for Fishing Reels Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Fishing Reels competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Fishing Reels
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fishing Reels market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fishing Reels market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Pure Fishing, Inc., Tica Fishing Tackle, kastking, Abu Garcia, Shimano, Inc., Piscifun, Rather outdoors,corporation, Tackle World, zebco, BPS Direct, LLC., okuma inspired fishing, The Orvis Company, Inc., Rhythm inc, Daiwa Corporation, BCF Australia, Penn Fishing Tackle (USA), Pflueger (USA), Quantum Fishing (USA), Lew's Fishing (USA), Rapala (Finland), Mitchell Fishing (France), 13 Fishing (USA), St. Croix Rods (USA), Hardy Fishing (UK), G. Loomis (USA), Fin-Nor (USA), Avet Reels (USA), Van Staal (USA), Redington (USA), Ross Reels (USA), Temple Fork Outfitters (USA), Seahawk (China), Jarvis Walker (Australia)
Primary Target Market
- Market Players of Fishing Reels
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fishing Reels market based on the below-mentioned segments:
Global Fishing Reels Market, By Product Type
Spinning
Spincast
Fly Reel
Baitcasting
Others
Global Fishing Reels market, By Material
Aluminum
Graphite
Stainless Steel
Others
Global Fishing Reels Market, By Distribution Channel
Modern Trade
Outdoor Sport Stores
Online Sales
Others
Global Fishing Reels market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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