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
5501'This is all optical': Sport fishers slam DFO's chinook closuresCBC News 2019-05-01CA
5502Fisheries audit B.C. fish processor after reports of illegal fish barteringnational post2019-05-03CA
5503Russia learning to live with less pollockseafoodsource2019-05-01RU
5504Canada closer to allowing Asian carp as lobster bait, depending on test outcomesCBC News2019-04-29CA
5505They’re biting at this Peterborough fishing derbythe peterborough examiner2019-04-27CA
5506Fishing derbies feel sting of new salmon rulessooke news mirror2019-04-26CA
5507Freshwater fish species richness has increased in Ohio River Basin since '60sPLOS2019-04-24US
5508Small fish, big goalshouston-today2019-04-24CA
5509Comox Valley fishing charters feel pinch of restrictionscomoxvalleyrecord2019-04-22CA
5510Former pulp mill town ground zero in Nova Scotia fish farms debateCBC News 2019-04-17CA
5511Government of Canada takes action to address Fraser River Chinook declineFisheries and Oceans Canada2019-04-16CA
5512New Fisheries Act could mark a turning point for Canada’s depleted fisheriesHill Times2019-04-15CA
5513Estonia warns anglers off thin iceBBC Monitoring2019-03-19ES
5514Kenora based angler Jeff Gustafson joins BassmasterCBC News2019-02-07US
55152019 Lake Erie fishing outlook is great news for anglersOther News2019-04-12US
5516Atlantic mackerel stocks down 86% over past 20 years, says new DFO reportCBC News2019-04-10CA
5517Environment Canada approves genetically-modified salmon raised in P.E.I.THE CANADIAN PRESS2019-04-11CA
5518Governments 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
5519Scientists are split on whether a virus is killing B.C.’s salmonStar Vancouver2019-04-06CA
5520Spring fish kill is natural phenomenonThe Associated Press2019-04-08UK
5521Small rebound for N.L.'s northern cod, but stock still in critical zoneThe Canadian Press 2019-04-02CA
5522Alberta guides encounter exceptional fishing, hospitality while filming documentary in OmanCTV Calgary 2019-03-14CA
5523Considerable number of Wascana Lake fish dead in apparent case of winterkillGlobal News2019-04-04CA
5524Fishing for fun, not food: Study takes stock of recreational fishing impactsYale School of Forestry & Environmental Studies2019-03-19CA
5525Lake Erie walleye quotas up but 'devastating' drop for perch, says commercial fisheryWindsor Star2019-04-02CA

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