Market Overview

The global sports fishing equipment market size reached USD 15.0 Billion in 2025, and it is projected to grow to USD 21.1 Billion by 2034, exhibiting a CAGR of 3.72% during the forecast period of 2026-2034. Growth in outdoor recreational activities and rising interest in fishing are key growth drivers.

Study Assumption Years

• Base Year: 2025
• Historical Years: 2020-2025
• Forecast Period: 2026-2034

Sports Fishing Equipment Market Key Takeaways

• Current Market Size: USD 15.0 Billion in 2025
• CAGR: 3.72% during 2026-2034
• Forecast Period: 2026-2034
• The rising disposable income is enabling consumers to afford high-quality fishing equipment.
• Expansion of global tourism, especially in coastal regions, is boosting demand for fishing gear.
• North America leads with advanced equipment usage, while Asia Pacific benefits from rising tourism.
• Europe experiences steady growth driven by recreational fishing activities.
• Latin America's coastal regions and Middle East & Africa's growing interest in sport fishing are notable trends.

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Market Growth Factors

The global market for sports fishing gear is on the rise, thanks to more people having extra cash to spend on top-notch fishing products. This boost in disposable income means anglers can splurge on high-quality rods, reels, and accessories, which not only enhances their fishing adventures but also fuels the growth of the market. 

Additionally, the boom in global tourism, especially in coastal regions, plays a big role in this growth. More tourists mean more folks are trying their hand at recreational fishing, which ramps up the demand for equipment that works well in different water settings. This trend is particularly noticeable in areas like Asia Pacific and Latin America.

On top of that, advancements in fishing technology—like electric lever drag reels and real-time monitoring gadgets—are making the fishing experience even better. These innovations boost accuracy, simplify usage, and improve efficiency, attracting both beginners and seasoned anglers alike. As a result, we can expect steady growth in the market throughout the forecast period.

Market Segmentation

Breakup by Product Type:

• Fishing Rods: Essential for casting and controlling the fishing line, key for enhancing angling precision and strength.
• Fishing Reels: Aid in line retrieval, integral for varied fishing contexts requiring durability and smooth operation.
• Fishing Hooks: Crucial for securing bait and catching fish, tailored to different fishing techniques.
• Fishing Lures: Used to attract fish, allowing anglers to mimic natural prey effectively.
• Fishing Lines: A vital component connecting bait and rod, with specifications for strength and flexibility.
• Fishing Rigs: Assemblies combining hooks, lines, and other components, customized for specific fishing needs.
• Fishing Jig Heads: Weighted hooks designed for various fishing applications to increase catch rate.
• Others: Include additional accessories enhancing overall fishing performance.

Breakup by Application:

• Freshwater Fishing: Requires lighter rods and reels, catering to species found in lakes and rivers.
• Saltwater Fishing: Demands durable, corrosion-resistant equipment designed for harsher marine environments and larger species.

Breakup by End User:

• Individual Consumer: Recreational anglers purchasing equipment for personal use.
• Clubs: Organized fishing groups driving demand through collective activities.
• Sports Organizers: Entities hosting fishing tournaments and competitions, influencing specialized gear development.

Breakup by Distribution Channel:

• Specialty and Sports Stores: Provide a variety of dedicated fishing products with expert support.
• Departmental and Discount Stores: Offer fishing equipment accessible to broader audiences.
• Online Stores: Provide convenience and wide selection, facilitating consumer access.
• Others: Additional channels contributing to product availability.

Breakup by Region:

• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

Regional Insights

North America dominates the sports fishing equipment market, driven by increased recreational fishing popularity, rising disposable incomes, and advancements in fishing technology. The region benefits from advanced equipment use and organized fishing tournaments. Asia Pacific is rapidly growing due to expanding tourism, particularly coastal, while Europe reports steady growth fueled by recreational fishing activities.

Recent Developments & News

• August 2024: ADIHEX launched its largest Fishing & Marine Sports section featuring innovative fishing gear, eco-friendly equipment, and technological advancements enhancing angling experiences.
• July 2024: PENN released the Fathom Electric Lever Drag Cordless Fishing Reel, featuring an integrated battery, electric motor, LED display, and customizable settings for deep-sea and kite fishing.
• March 2024: CanFish introduced the Fishing CamX Roadside Sports Camera at the Shanghai New International Expo Center, offering advanced real-time fishing activity capture.

Key Players

• AFTCO Mfg. Co., Inc.
• Gamakatsu USA
• GLOBERIDE Inc.
• Newell Brands
• O. Mustad & Son Pte Ltd.
• OKUMA FISHING TACKLE CO., LTD.
• Rapala VMC Corporation
• Shimano Inc.

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