Sports Fishing Equipment Market

Sports Fishing Equipment Market By Product Type (Rods, Reels, Hooks, Lures), By End-User (Individual Consumers, Clubs, Sports Organizers), By Distribution Channel (Independent Sports Outlets, Franchised Sports Outlets) - Global Market Insights 2023-2033

Analysis of Sports Fishing Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Sports Fishing Equipment Market Outlook (2023-2033)

The global sports fishing equipment market is projected to expand steadily at a CAGR 5.2% value, during the forecast period 2023-2033. In the year 2023, the market size is projected to expand and gain a global market valuation of US$ 3.4 Billion.

Considering this steady growth along with the booming demand in the global market, the sports fishing equipment market is expected to reach US$ 5.64 Billion by 2033.



Anticipated Base Year Value (2022)

US$ 3.2 Billion

Expected Market Value (2023)

US$ 3.4 Billion

Projected Forecast Value (2033)

US$ 5.64 Billion

Global Growth Rate (2023-2033)


Expected Growth Rate of the US Market (2022-2032)


Anticipated Growth Rate of UK Market (2022-2032)


Prominent Players in The Global Market

  • EagleClaw Midstream Services LLC
  • Newell Brands Inc.
  • Okuma Fishing Tackle Corporation
  • Shimano Inc.
  • Aftco Mfg. Co. Inc.
  • Globeride Inc.
  • O. Mustad & Son A.S.
  • Rapala VMC Corporation
  • Gamakatsu
  • Fishbrain

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2018-2022 Sports Fishing Equipment Market Demand Analysis vs. Forecast 2023-2033

According to market research and competitive intelligence provider Fact.MR- the market for sports fishing equipment reflected a value CAGR of 3.6% during the historical period, 2018- 2022. Key elements that will assist a quicker recovery and the adoption of modern technology in this field over the projected period are the resurgence of outdoor leisure activities and the progressive easing of lockdown laws.

Additionally, the increased popularity of travel and vacations is increasing people's propensity for leisure pursuits like fishing, which is bolstering the demand for fishing equipment. There are many more anglers as a result of fishing's rising appeal in the outdoor recreational sector, which is driving up equipment sales for sports fishing equipment.

Additionally, a rise in digital entrepreneurship is assisting in raising consumer awareness of sport fishing via social media. With over 7 Billion users, the social media platform for fishermen, like Fishbrain, is a major app and platform in the United States.

These trends are probably going to highlight sports like fishing, which is going to increase the need for sports fishing equipment. This is anticipated to boost the global sports fishing equipment market and is expected to grow over 5.2% CAGR during 2023-2033.

Prominent Growth Drivers Influencing Sports Fishing Equipment Market

Electronic advancements to boost the global market demand

The sport fishing industry has undergone significant transformation as a result of advances in marine electronics technology. People without technical knowledge can travel in aquatic situations with modern GPS systems for a greater chance of catching anything.

The development of side-scanning sonar has made it simpler to track bait fish and pelagic species. Devices with compressed high-intensity radar pulses and multifrequency, multibeam transducers are well-known technology in the area that offer higher detail for tracing schools of fish.

Digital radar systems have benefits in target separation and resolution, but they have limitations in terms of range. Additionally, it is anticipated that fishers would become more interested in recent advancements like picture overlays and 3-D viewing capabilities.

Other innovations include the use of VHF technology for digital selective calling systems and automatic identification systems to enhance safety on fishing boats. These developments create important prospects, particularly in the long term for saltwater fishing applications.

Braided Lines for easier casting to accelerate their demand

Bass fishermen are increasingly using light-tackle fishing techniques and braided fishing lines. This is explained by the advantages of simpler casting. Additionally, compared to monofilament alternatives, braided lines are more resilient to twisting and stretching, offering improved durability.

Braided lines have been more popular in recent years in offshore fishing as well. In the offshore fishing industry, the braided fishing line brands Spectra and Dyneema are well-known. Reels can now handle more than 1,500 yards long of braid of the same strength, a threefold increase, thanks to the use of braids in place of traditional Dacron backing. As a result, braided lines have essentially eliminated capacity constraints.

In daylight deep-dropping techniques, braided lines have also played important roles. Professional lines for this fishing technique now often come in a 65-pound-test solid-core braid. This may be explained by the fact that at significant depths, there is less resistance to the flow of water, allowing for straighter connections between the weight and the rods.

Additionally, braided lines' lack of flexibility makes it simpler to detect fish bites at greater depths than it does with monofilament lines. The future of sales seems promising given this tendency. Such factors will propel the global demand for sports fishing equipment.

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What Could Possibly Hinder Sports Fishing Equipment Market Demand?

Sustainability of fishing stocks and environment concerns to impede the market growth

Sport fishing equipment has promising long-term prospects, supported by consumer interest in leisure activities. However, it is anticipated that the sector would encounter challenges that might potentially restrain its expansion. One major issue impeding the sector is uncertainty over the future of fishing stocks.

In addition, environmental worries over trashed fishing gear are affecting the popularity of the pastime and the related goods. Sales have been constrained by ethical concerns over fishing practices.

Additionally, the acceptance of sport fishing has been primarily restricted to North America and Europe due to a lack of suitable fishing places and the cost of fishing equipment. The key to overcoming such obstacles to long-term improvements is public and governmental initiatives. Such factors will stymie the global demand during the forecast period.

Comparative View of Sports fishing equipment Markets

Sports Fishing Equipment Market :


Sports Fishing Equipment Market

Growth Factor

The growing popularity of fish hunting in the outdoor recreational industry is resulting in a large number of anglers, thereby ramping up the sales of fish hunting equipment.


A rise in children's interest in fishing and related activities are expected to provide opportunities for the growth of the sports fishing equipment market.

Fishing Hook Market :


Fishing Hook Market

Growth Factor

The rising adoption of fishing as a recreational activity and the growing interest of people in fishing are the main driving factor for fishing hook market.


Ice fishing has become a popular trend in fishing sports and new inventions and technological advancements in the fishing equipment industry are some of factors propelling the global fishing hook market.

Fishing Rod Market :


Fishing Rod Market

Growth Factor

The growing adoption of ice fishing in the recent past is another trend influencing the fishing rod market.


Due to the increased inclination of children towards fishing, the manufacturers are manufacturing equipment with more kids friendly character designs. This is creating lucrative prospects for the market competitors.

Country-wise Analysis

What is the outlook of the U.S Sports Fishing Equipment Market?

Increasing popularity of fishing will boost the market demand

As per Fact.MR, the US market is expected to gain a market share of 45.6% in 2023. The US market will be the most lucrative market for sports fishing equipment during the forecast period.

Fishing is presently the fourth most popular sport in the US, behind bowling, biking, basketball, golf, baseball, jogging, softball, football, soccer, and skiing, according to research by the National Sporting Goods Association. Fishing is more popular than golf and tennis combined, walking, swimming, and camping combined.

According to the National Sporting Goods Association, the typical American fisherman spends more than $1,000 a year on costs linked to fishing. The amount of money spent is higher for bass anglers. According to the Fact.MR analysis, North America, led by the United States, will account for more than US$ 800 Million in sports fishing equipment sales in 2022. During this time, sales of fishing rods will make up around one-third of the market.

One in six Americans aged 16 and older, according to the U.S. Fish and Wildlife Service, love heading out for a day of fishing. Spending on fishing gear, vacations, stamps, permits, property ownership and leases, and membership dues may be used to account for the multibillion dollar U.S. sports fishing business. Thus, with such advances, the US market is predicted to grow at a 5.3% CAGR during 2023-2033.

What can be expected from the U.K Market for Sports Fishing Equipment?

Increasing awareness towards the benefits of swimming to boost the regional demand

During the forecast period, the UK market for sports fishing equipment is expected to grow at a 5% CAGR. The UK has emerged as one of the most profitable markets for the sales of sports fishing equipment and is also expected to register the highest CAGR during 2023-2033.

The nation has 1,653 lakes larger than 5 ha, and 42,123 km of rivers, according to the National Rivers Authorities of the U.K. Private individuals own fisheries. There are almost 2 Billion coarse anglers, 1 Billion offshore anglers, and over 800,000 game anglers in the nation, and each spends over £1,000 a year on fishing.

According to the Food and Agriculture Organization of the United Nations, trout fishing has become increasingly popular in British lakes, and to accommodate this growing demand, more artificial trout lakes have been made.

Similar to this, there have been more day-ticket coarse fisheries operating in calm waters around the nation. Additionally, it has been discovered that river system populations of wild coarse fish are stable. However, a gradual reduction in membership has had a negative impact on fishing clubs in the U.K.

The U.K. is the second-largest European market in terms of sales of sports fishing gear, according to the Fact.MR research, and is expected to remain so during the evaluation period.

Category-wise Insights

Which Product Segment is forecast to gain the Maximum Market Share?

The Fishing Rods segment will continue to dominate the global market during the forecast period

The fishing rods category is expected to lead the global sports fishing equipment market in 2023 and is likely to retain its dominance throughout the forecast period. The segment is predicted to gain a global market share of 65.5% by 2023.

The segment's development may be ascribed to the comparatively greater value of fishing rods, the vast variety of rods available for various fishing activity kinds, and the availability of products at all price points and levels of fishing competence. Fishing rods accounted for about US$ 920.5 Billion in 2023.

What would be the outlook of the end-user segment during the forecast period?

The sports organizers category is being highly preferred by customers

In 2023, the sports organizers segment is expected to hold the major portion of the sports fishing equipment market by end-user, accounting for almost 30.4% of the global market share.

The Bisbee Black and Blue in Mexico, the Mississippi Gulf Coast Billfish Classic, the Los Suenos Signature Triple Crown in Costa Rica, the Annual Big Rock Blue Marlin Tournament, the Bermuda Big Game Classic, the Annual White Marlin Open, the World Cup Blue Marlin Tournament Worldwide, and the Pirate's Cove Billfish Tournament are just a few of the top sports fishing competitions held worldwide. These occasions significantly influence consumer interest and the potential for sales of sporting fishing equipment during 2023-2033.

What would be the outlook of the distribution channel segment during the forecast period?

Independent Sports Outlets to gain a significant position

Franchised sports stores, independent sports stores, direct to consumer brand shops, contemporary trade channels, and direct to customer internet channels are among the top distribution channels for sporting goods. Since independent sports stores offer quicker access to a wide variety of goods and brands, they are still in high demand.

Through 2033, independent sports stores are anticipated to hold more than 35.4% of the market, although franchised sports stores are anticipated to develop more quickly due to attempts by top manufacturers including Shimano Inc., Aftco Mfg. Co. Inc., and Globeride Inc. to expand geographically.

Start–up for Sports Fishing Equipment Market

The new market entrants are developing products that incorporate eco-friendly materials that will prove to be more reliable, versatile, and improved insulation against the elements. Some of the start-ups operating in the sports fishing equipment market are as follows-

  • Casters Online Fly Shop is an online retailer of fishing equipment. The product catalog includes fishing rods, fishing reels, wading boots, apparels & gears, and other associated accessories. A few of the brands associated with the company are The Orvis Company, Hareline Dubbin, Inc., Montana Fly Company, Spirit River, Inc., Anglers Sport Group, Loon Outdoors, and more.
  • Applebee Adventures is an online retailer of outdoor products. The product categories are hunting, camping, fishing and other adventure sports accessories. The product catalog includes fishing rods & hooks, tent accessories, first aid products and more. Top brands are Mr. Crappie, Spyderco and Dorcy.

Competitive Landscape

Some of the key players operating in the global sports fishing equipment market include – EagleClaw Midstream Services LLC, Newell Brands Inc., Okuma Fishing Tackle Corporation, Shimano Inc., Aftco Mfg. Co. Inc., Globeride Inc., O. Mustad & Son A.S., Rapala VMC Corporation, Gamakatsu, Fishbrain

To improve penetration across lucrative markets, these aforementioned players use a combination of organic and inorganic strategies. Brand launches, alliances and agreements with prominent fishing equipment suppliers, acquisitions, and expansion of regional and global distribution networks are all part of these strategies.

  • Republic, one of the top online venture capital platforms with over $700 Billion in investments to date, is helping Fishbrain, the most well-known platform and online network for fishing enthusiasts, raise money. Currently accepting investments is Fishbrain. Through a mix of money, new features, and tactical alliances, Fishbrain kept developing in 2021. Fishbrain received $31 Billion in March of last year, which enabled it to increase its user base and make hires across the organization in various locations around the United States and Europe. With the addition of Garmin's Navionics HD Depth Charts, Fishbrain upgraded the programme.
  • EagleClaw and Altus announced an all-stock corporate merger in 2021. Combination, with an estimated enterprise value of $9 billion today, creates the most integrated midstream corporation in the Delaware Basin. A balanced mix of profits from long-haul pipeline transportation and midstream gathering and processing account for around 65% and 35%, respectively, of the combined company's projected EBITDA in 2022.
  • In September 2022 - The Permian Strategic Partnership (PSP) announced today the addition of two new companies, Kinetik and WaterBridge, bringing their member company count to 19.
  • Okuma provides a variety of star drag reels with high quality design, materials, and construction tech delivering a fantastic fishing experience for anglers and fishermen. The Tesoro Star Drag Reel, Convector Star Drag Reel, Cold Water Wire Line Star Drag Reel, and Cortez Star Drag Reel are just a few of our high performance star drag reels.

Key Segments Covered in the Sports Fishing Equipment Market Report

  • By Product Type :

    • Rods
    • Reels
    • Hooks
    • Lures
    • Lines
    • Rigs
    • Jig Heads
    • Other Sports Fishing Products
  • By End-User :

    • Individual Consumers
    • Clubs
    • Sports Organizers
  • By Distribution Channel :

    • Independent Sports
    • Franchised Sports
    • Modern Trade Channels
    • Direct to Consumer Brand 
    • Direct to Customer Online
  • By Region :

    • North America
    • Latin America
    • Europe
    • Middle East and Africa (MEA)
    • APEJ
    • Japan

- FAQs -

What was the market worth for sports fishing equipment in 2022?

As of 2022, Fact.MR estimated the sports fishing equipment market to have reached US$3.2 Billion.

What is the expected worth of the sports fishing equipment industry in 2023?

By 2023, Fact.MR expected demand for sports fishing equipment to reach US$ 3.4 Billion.

At what CAGR did the sports fishing equipment market flourish from 2018-2022?

From 2018-2022, the sports fishing equipment market grew at a value of 3.6% CAGR.

What is the expected forecast CAGR for sports fishing equipment from 2023-2033?

From 2023-2033, sports fishing equipment demand is likely to surge at a 5.2% CAGR.

At what value will the market for sports fishing equipment close in 2033?

By 2033, the market for sports fishing equipment is likely to be valued at US$ 5.64 Billion.

Sports Fishing Equipment Market

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