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logo 9/23/2024 6:25:41 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
5401Kenora based angler Jeff Gustafson joins BassmasterCBC News2019-02-07US
54022019 Lake Erie fishing outlook is great news for anglersOther News2019-04-12US
5403Atlantic mackerel stocks down 86% over past 20 years, says new DFO reportCBC News2019-04-10CA
5404Environment Canada approves genetically-modified salmon raised in P.E.I.THE CANADIAN PRESS2019-04-11CA
5405Governments of Canada and Nova Scotia fund projects to boost innovation and productivity in the fish and seafood sectorFisheries and Oceans Canada, Maritimes Region2019-04-10CA
5406Scientists are split on whether a virus is killing B.C.’s salmonStar Vancouver2019-04-06CA
5407Spring fish kill is natural phenomenonThe Associated Press2019-04-08UK
5408Small rebound for N.L.'s northern cod, but stock still in critical zoneThe Canadian Press 2019-04-02CA
5409Alberta guides encounter exceptional fishing, hospitality while filming documentary in OmanCTV Calgary 2019-03-14CA
5410Considerable number of Wascana Lake fish dead in apparent case of winterkillGlobal News2019-04-04CA
5411Fishing for fun, not food: Study takes stock of recreational fishing impactsYale School of Forestry & Environmental Studies2019-03-19CA
5412Lake Erie walleye quotas up but 'devastating' drop for perch, says commercial fisheryWindsor Star2019-04-02CA
5413Warming lakes affecting fish behaviour in Northwestern Ontariotbnewswatch.com2019-04-01CA
5414Wow! Man hooks 50-pound fish in small lake 2019-02-25US
5415Fraser River sturgeon decline prompts fishing closuresCBC News2019-03-31CA
5416New study helps track 'destructive' giant goldfish threatening Hamilton HarbourCBC News2019-03-29CA
5417Free hunting and fishing in Saskatchewan for Canadian Armed Forces veteransGlobal News2019-03-29CA
5418Blue-green algae confirmed on Nepahwin Lake, Windy Lake: environment ministryCBC News2016-11-01CA
5419Scientists found microplastics inside creatures from the deepest parts of the ocean Business Insider Deutschland2019-03-26DE
5420Yellowknife's Rainbow Coalition fish camp welcoming place to learn art of the catchCBC News2019-03-24CA
5421This cuckoo catfish tricks other fish into raising its head-chomping youngScience2019-03-22 
5422Bad news for Canadian fish: Fewer people are catching themottawa citizen2019-03-19CA
5423Studies shed light on impact of virus on farmed Atlantic salmon in B.C.THE CANADIAN PRESS2019-03-13CA
5424Scientific experts say fish virus poses low risk to Fraser River sockeyeThe Canadian Press2019-03-08CA
5425Study gives scientists unprecedented data on young Atlantic salmon in East Coast rivers The Canadian Press2019-03-15CA

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