Fishing Equipment Market Share, Trends, and Analysis by 2028
Fishing Equipment Market: Strategic Insights
Fishing Equipment Market
-
CAGR (2021 - 2028)4.2% -
Market Size 2021
US$ 23.8 Billion -
Market Size 2028
US$ 31.84 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing global demand for seafood
- Rising disposable income
- Technological advancements in fishing equipment
- Government support for sustainable fishing practices
- Growing popularity of recreational fishing
FUTURE TRENDS
- Advancements in AI and IoT for automated fishing
- Development of eco-friendly and sustainable fishing equipment
- Increased use of lightweight and durable materials
- Integration of digital technologies for remote monitoring and control
- Growth of personalized and customized fishing gear
- Expansion of the recreational fishing market
OPPORTUNITIES
- Expansion of aquaculture industry
- Emergence of new fishing grounds
- Development of advanced fishing techniques
- Increasing demand for sustainable fishing products
- Growth of e-commerce and online sales channels
- Rising popularity of recreational fishing
Key Players
- Eagle Claw Fishing Tackle Co
- Okuma Fishing Tackle Co Ltd
- Decathlon SA
- SHIMANO INC
- TICA FISHING TACKLE
- AFTCO
- RAPALA VMC CORPORATION
- Weihai Guangwei Group Co Ltd
- Daiwa
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type - Fishing Rods
- Nets and Traps
- Hooks
- Reels
- Fishing Line
- Sinkers
Distribution Channel - Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
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