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
4826Farmed sturgeon 'only hope for caviar'bbc news2002-12-02KZ
4827Snakeheads, other invaders cost billionscnn2002-09-24CA
4828DDT found in trout from Lake ChelanROBERT MCCLURE AND LISA STIFFLER2003-10-18US
4829Americans and Vietnamese Fighting Over Catfishnytimes2003-11-05US
4830Tiny salmon trapped as dam operators cut flows downriverseattle pi2003-03-13CA
4831North Sea cod 'face commercial end'bbc news2002-12-16CA
4832State's ban on gene-altered fish a firstseattle pi2002-12-22US
4833Maryland state officials start poisoning alien snakehead fishusa today2002-08-18SG
4834Anger over fish radiation findbbc news2003-06-24UK
4835Anti-poaching squads tackle caviar crisisbbc news2003-06-25RU
4836Salmon overload: California fishermen giving away fishBy The Associated Press Seattle Times2003-05-23CA
4837Popular fishing vloggers are making a splash on cyberspacethehindu2020-12-15IN
4838Men caught poaching fish from Wiltshire river are fined £120swindonadvertiser2020-12-14UK
4839Fish decoy carved by Michigan artist in 1940 sells for record price at auctionmlive2020-12-16US
4840We found algae-farming fish that domesticate tiny shrimp to help run their farmsthe conversation2020-12-07BZ
4841Plenty of fish in the sea? Scientists can now count them using DNAabc news2020-12-06US
4842An everyday item is killing fish in astonishing numbersinverse2020-12-14US
4843Minnesota ice fishing contests adapt amid pandemicmpr news2020-12-06US
4844Anglers nabbed with 173 fish over the limit; charges pending 2020-12-08CA
4845'Massive' goldfish weighing 9 pounds found in South Carolina lakenbc news2020-12-08US
4846One that didn’t get away: Novice angler hooks big fish in Canterbury riverStar News2020-12-02NZ
4847Indian River Lagoon fish kill reports continue to rise, worrying officialsFlorida Today2020-12-02US
4848Another farmed salmon mass breakout in Tasmanian waters stuns Huon Aquacultureabc2020-12-03AU
4849Coelacanths: the fish that 'outdid' the Loch Ness Monsternhm2020-12-13UK
485011-year-old hooked on fishing during pandemic snags big bassviera voice2020-11-30US

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