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logo 9/23/2024 6:28:50 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
5376Slab crappie could be a new state recordoutdoornews2019-05-09US
5377Fishing husband, wife cited for being over the limit – to the tune of 250-plus crappiesoutdoornews2018-08-01US
5378Smallmouth bass sets new state recordoutdoornews2019-05-09US
5379Three locked-up bucks found dead in Ohiooutdoornews2010-12-14US
5380New 5-Year Report Shows 101.6 Million Americans Participated in Hunting, Fishing & Wildlife ActivitiesInterior_Press2019-05-09US
5381U.S. angler pays Ontario $400 fine for keeping 52lb lake troutCBC News2019-04-02CA
5382Sweeping reforms to West Coast fisheries recommendedvancouver news2019-05-09CA
5383Huge ‘Prehistoric’ Alligator Gar Caught in Oklahoma’s Lake TexomaNewsWeek2019-04-23US
5384Pimp my shack: Luxury ice fishing a growing trend in AlbertaCBC News2019-02-16CA
5385Alberta Cree man successfully challenges illegal fishing ticketCBC News2018-10-03CA
5386Fish fall from sky with rain in northern MexicoAssociated Press2019-05-06MX
5387B.C. salmon fishing guides fear for livelihoods amid fishery closurevancouver sun2019-05-04CA
5388'This is all optical': Sport fishers slam DFO's chinook closuresCBC News 2019-05-01CA
5389Fisheries audit B.C. fish processor after reports of illegal fish barteringnational post2019-05-03CA
5390Russia learning to live with less pollockseafoodsource2019-05-01RU
5391Canada closer to allowing Asian carp as lobster bait, depending on test outcomesCBC News2019-04-29CA
5392They’re biting at this Peterborough fishing derbythe peterborough examiner2019-04-27CA
5393Fishing derbies feel sting of new salmon rulessooke news mirror2019-04-26CA
5394Freshwater fish species richness has increased in Ohio River Basin since '60sPLOS2019-04-24US
5395Small fish, big goalshouston-today2019-04-24CA
5396Comox Valley fishing charters feel pinch of restrictionscomoxvalleyrecord2019-04-22CA
5397Former pulp mill town ground zero in Nova Scotia fish farms debateCBC News 2019-04-17CA
5398Government of Canada takes action to address Fraser River Chinook declineFisheries and Oceans Canada2019-04-16CA
5399New Fisheries Act could mark a turning point for Canada’s depleted fisheriesHill Times2019-04-15CA
5400Estonia warns anglers off thin iceBBC Monitoring2019-03-19ES

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