{"product_id":"sports-fishing-equipment-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Sports Fishing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eSports Fishing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global sports fishing equipment market size reached US$ 13.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.82% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eSports fishing equipment refers to products, such as fishing rods, fishhooks, lines, baits, lures and sinkers that are used for recreational fishing and competitions. These tools are used for fishing without gear, grappling, stunning, line fishing, trapping, fishing with bag nets, trawling seining and gillnetting. The fishing lines are attached with natural or artificial bait to lure, hold and catch the fish. These lines are connected with reels for casting, spinning and fly fishing, which aid in hunting large-sized fishes and shellfishes. Various handheld tools, such as spears and harpoons, are also used that can be thrown with a thrust to wound and catch the fish.\u003c\/p\u003e\n\n\u003cp\u003eSignificant growth in the fishing industry represents one of the primary drivers of the market for sports fishing equipment. Along with this, increasing participation in water-based sports activities and a rising number of fishing associations and recreational fishing clubs are also contributing to the market growth. Sports fishermen and anglers are investing in high-quality fishing equipment that can be used in both freshwater and saltwater. Additionally, aggressive promotional activities by manufacturers, along with the development of the online retailing market that provides a hassle-free shopping experience while displaying a wide range of options to choose from to the consumers, are acting as other growth-inducing factors. Manufacturers are developing innovative product variants that are connected with sensors to locate and track fishing hotspots through a smartphone application. Other factors, including increasing consumer preference for outdoor recreational activities, owing to the growing millennial population and rapid urbanization, are projected to drive the market further.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global sports fishing equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application, end user and distribution channel.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Product Type:\u003c\/p\u003e\n\n\u003cp\u003eFishing Rods\u003cbr\u003e\nFishing Reels\u003cbr\u003e\nFishing Hooks\u003cbr\u003e\nFishing Lures\u003cbr\u003e\nFishing Lines\u003cbr\u003e\nFishing Rigs\u003cbr\u003e\nFishing Jig Heads\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003eFreshwater Fishing\u003cbr\u003e\nSaltwater Fishing\u003cbr\u003e\n \u003cbr\u003e\nBreakup by End User:\u003c\/p\u003e\n\n\u003cp\u003eIndividual Consumer\u003cbr\u003e\nClubs\u003cbr\u003e\nSports Organizers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Distribution Channel:\u003c\/p\u003e\n\n\u003cp\u003eSpecialty and Sports Stores\u003cbr\u003e\nDepartmental and Discount Stores\u003cbr\u003e\nOnline Stores\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003c\/p\u003e\u003cbr\u003e\n \n\n\u003cp\u003eCompetitive Landscape:\u003cbr\u003e\nThe report has also analysed the competitive landscape of the market with some of the key players beingc AFTCO Mfg. Co., Inc., Gamakatsu USA, GLOBERIDE Inc., Newell Brands, O. Mustad \u0026amp; Son Pte Ltd., OKUMA FISHING TACKLE CO., LTD., Rapala VMC Corporation and Shimano Inc.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\n\u003cp\u003eHow has the global sports fishing equipment market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global sports fishing equipment market?\u003cbr\u003e\nWhat are the key regional markets?\u003cbr\u003e\nWhat is the breakup of the market based on the product type?\u003cbr\u003e\nWhat is the breakup of the market based on the application?\u003cbr\u003e\nWhat is the breakup of the market based on the end user?\u003cbr\u003e\nWhat is the breakup of the market based on the distribution channel?\u003cbr\u003e\nWhat are the various stages in the value chain of the industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the industry?\u003cbr\u003e\nWhat is the structure of the global sports fishing equipment market and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Consumer Goods \u0026 Retailing","offers":[{"title":"October, 2023 \/ 140 Pages \/ MCW728107137","offer_id":47550755930418,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/sports-fishing-equipment-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}