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logo 11/27/2024 9:33:05 AM     
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.

 
Continue...

News Id SourceStampcountry
3401Cannibalistic lancetfish found on California beachFox News2021-12-03US
3402New fishing record category created in North Carolina after angler reels in 'exceptionally large' fishFox News2021-12-06US
3403Fisherman breaks 64-year-old record in MinnesotaFox News2021-11-22US
3404Rare bluefin tuna washes up on United Kingdom beach, prompts concerns of migration changesFox News2021-11-24UK
3405French fishing workers to block Channel Tunnel and Calais port in protest against UKcgtn2021-11-26FR
34062 Auburn students win $1 million bass fishing tournamentThe Associated Press2021-12-05US
3407How a tiny pet store fish became the center of neuroscience researchasbmb2021-11-27US
3408Rare anglerfish spotted on San Diego beachcbs82021-11-23US
3409No routine checkups on welfare of fish at slaughter, officials admittheguardian2021-11-23UK
3410Rare ornamental fish from Assam on the brink of extinctionmongabay2021-11-17IN
3411Archaeology breakthrough after discovery of ancient human fishing rod: 'Amazing'express2021-11-21UK
3412Florida man takes children without father figures on fishing excursionsFox News2021-11-22US
3413Record-breaking fish fought Pennsylvania angler for 25 minutes, but lost the battlecentredaily2021-11-16US
3414Fish store owner gets probation for selling endangered and invasive fishPittsburgh Post-Gazette2021-11-18US
3415The cost of a fish sandwich: Why we need to reduce bycatch by Alaska’s trawl fleetadn2021-11-20US
3416How Did A 72-Pound Carp End Up In Humboldt Park’s Lagoon? Big Catch Could Be From A Decades-Old Mistake, Experts Sayblockclubchicago2021-11-15US
3417Thai woman's bedroom turns into aquarium full of fish after heavy rainfallmashable2021-11-09VN
3418Fishing boat seized after crew caught set netting in prohibited areastuff2021-11-10NZ
3419Huge fish tracked on the James River, project will help to manage “Giants of the James”wfxrtv2021-11-11US
3420You can swim with the fish at St. Pete Beach's RumFish Grillabcactionnews2021-11-11US
3421Iran names newly discovered species of fish after Ali Daeiifpnews2021-11-15IR
3422Longtime Lorain library goldfish Nemo swims to a new home at Rainbow Babies and Children's Hospitalnews5cleveland2021-11-11US
3423Some of Earth’s longest-lived fish show how to reach extreme agesnature2021-11-12US
3424Cop26: Oceanographer Sylvia Earle calls for industrial fishing ban on high seastheguardian2021-11-10UK
3425Cambridge report recommends cutting the Riverside dam projectthe record2021-11-29CA

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