Fishing Equipment Market to Reach $23 Billion, Globally, by 2032 at 4.8% CAGR 
By Allied Market Research US Source: wfmz 11/16/2023

Allied Market Research published a report, titled, "Fishing Equipment Market by Type (Hooks, Lines, Sinkers & Floats, Rods, Reels, Nets & Traps, Spear & Gaffs, and Others). Nature (Fresh Water, Salt Water, and Fly Fishing), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2022-2032." According to the report, the global fishing equipment market size was valued at $14.5 billion in 2022 and is projected to reach $23 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032.
 

Prime determinants of growth

Sports fishing is gaining traction and becoming prevalent in several regions around the world. Sports fishing term refers to fishing or shellfish collection, which is done primarily for pleasure. Moreover, sports fishing can take place in both salty and fresh water. Furthermore, nations such as the UK and the U.S. are making efforts to raise their fishing platform owing to which there is improved access to water bodies to fish in and make it a popular sport. Various fishing associations such as the American Sportfishing Association are inspiring people to raise their participation in fishing by organizing several fishing programs and events. In addition, the most common type of fishing equipment used in sports is a rod, line, reel, hooks, and a wide range of baits or lures such as artificial flies.

 
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2507Teenage vandals cause major damage, attempt to poison koi fish at Salt Lake Cactus & TropicalsFox News2022-08-14US
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2509Should bass fishing become a sanctioned sport in SC?wspa2022-08-19US
2510Why carp, one of Australia's worst introduced pests, could be a great budget-friendly fishABC Radio Melbourne2022-08-13AU
2511Native American chief shot at, imprisoned for fishing in the Columbia Riverkptv2022-08-16US
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2516Rare toxic algae behind fish deaths in river Oder, say researchersthe peninsula qatar2022-08-19DE
2517Monster fish eludes capture as Chinese city drains lake, millions watchWashington Post2022-08-25CN
2518Sensitive fish habitat near Chilliwack, B.C. now off-limits to people who want to 4×4Global News2022-08-26CA
2519A History of Salt CodPublished in History Today2019-11-11US
2520Mexican Fish Extinct in Wild Successfully ReintroducedAssociated Press2022-01-02MX
2521New England fish believed to be spotted feedingCBC News2022-07-23CA
2522Northern NSW floods trigger mass fish kill with hundreds of thousands lining riverbanks, beachesABC Rural2022-03-16AU
2523Rare black fish with ‘mouth full of teeth’ found in Floridasacbee2022-06-23US
2524Timor-Leste Prime Minister celebrates tilapia farming successThe Fish Site2022-08-26AU
2525British angler, 45, smashes record after reeling-in 7ft monster fish weighing 28 STONEmirror2022-08-09UK

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