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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News Id SourceStampcountry
4351Bloodsucking-fish fossils overturn once-popular theory about our evolutionCBC News2021-03-15CA
4352Canada Launches Satellite Technology That Identifies ‘Dark Vessels’ Illegally Catching Billions of Fish Fisheries and Oceans Canada2021-03-14CA
4353Blue marlin seen jumping in the surf at Jensen Beach washes up on shore laterTreasure Coast Newspapers2021-03-01US
4354Marine Protected Areas in Oahu Provide Low Safety to Coral Reef Herbivorous Fishesazocleantech2021-03-01US
4355Maltese company confident of winning Sea Shepherd casetimes of malta2011-07-24MT
4356Sport masks 'ecological massacre'northern star2011-07-25AU
4357'Four-Eyed Fish Sees Above And Below WaterUnderwatertimes2011-07-20CA
4358Invasive snakehead found in river near AnnapolisThe Baltimore Sun2011-07-18US
4359First Study Into Gm Atlantic Salmon Mating Reveals Danger Of Escape To Wild Gene Poolunderwatertimes2011-07-13CA
4360Answer for Invasive Species: Put It on a Plate and Eat Itnytimes2011-07-09US
4361Teddy Carr In Contention At Bass Northern OpenUnderwatertimes2011-07-08US
4362Fishing industry quiet on worms in cod: reportthelocal2011-07-03SE
4363Dairy Farm Owner Fined $15,000 For Discharging Manure Into North Branch Creek Westnews.ontario.ca2016-02-16CA
4364The GoFish Cam lets anglers see what's really happening underwater. And it records video too.boingboing2021-02-28US
4365When Chinook salmon is off the menu, other prey will do for endangered orcasmongabay2021-03-03CA
4366Ultra-rare Mexican walking fish found in stunned family's garden ponddailystar2021-03-02MX
4367Alabama Deep Sea Fishing Rodeo looking for Guinness World Record this yearAL2011-07-03US
4368The UAE’s other black gold: Caviarenglish.alarabiya.ne2011-06-27SA
4369Record salmon count for River TyneBBC News2011-06-26UK
4370Pompano Beach fishing captain cited for illegal possession of goliath groupersun-sentinel2011-06-24US
4371Every Single Salmon Contains The Natural Chemical TagUnderwatertimes2011-06-23UK
4372High school football coach catches world record-sized 143lb catfishDaily Mail2011-06-21US
4373The Punishment Must Fit The Crime--Even For Hermaphroditicunderwatertimes2011-06-15UK
4374Fluorescent fish glows to show feminising chemicals upnewscientist2011-06-08AU
4375Monster Fish Researcher Zeb Hogan Named National Geographic Fellowunderwatertimes2011-06-11US

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