The fishing tackle industry, valued at USD 12.15 billion in 2020, is growing swiftly. By 2028, it’s forecasted to grow at a 3.1% CAGR. The U.S. market generated $2.36 billion in 2021, with 49 million Americans fishing. Of these, 39 million bought gear.
China’s fishing tackle market is set to grow by 9.9% from 2021-2030. In 2020, Europe had 37.2% of the industry share. The Asia Pacific is expected to grow fastest at 4% CAGR until 2028. The rods & reels sector, contributing 43.8%, dominates the market. Sportfishing boats will grow at a rate of 4%-5% until 2030. Online sales will grow at 3%-3.7% CAGR in the same period.
Artificial baits may achieve a 0.75% CAGR by 2028. The lure & tackle segment is projected to reach 541 Billion USD by 2028. The U.S. had 2 million fly fishing tackle buyers in 2018. Japan spent 2745 Billion Yen (248 Million USD) on fishing tackles from 2019. Lastly, China exported fish hooks worth 148.63 Million USD from 2018.
Let’s take a closer look at the most important statistics about the fishing tackle industry.
This statistic is a powerful indicator of the immense potential of the Fishing Tackle Industry. It reveals that the industry is a lucrative one, with a market size of USD 12.15 billion in 2020. This statistic is a testament to the fact that the Fishing Tackle Industry is a booming sector, and one that is worth investing in.
The fishing tackle market is expected to grow at a compound annual growth rate (CAGR) of 3.1% from 2021 to 2028.
This statistic is a key indicator of the future of the fishing tackle market, providing insight into the potential for growth and expansion in the industry. It is an essential piece of information for anyone interested in the fishing tackle industry, as it can help inform decisions about investments, strategies, and more. With a projected CAGR of 3.1%, the fishing tackle market is poised to experience steady growth over the next seven years, making it an attractive option for those looking to capitalize on the industry’s potential.
Fishing Tackle Industry Statistics Overview
The revenue of the fishing equipment and supplies market in the United States was $2.36 billion in 2021.
This statistic is a powerful indicator of the success of the fishing equipment and supplies market in the United States. It shows that the industry is thriving and that there is a strong demand for fishing tackle and supplies. This is an important piece of information for anyone interested in the fishing tackle industry, as it provides insight into the current state of the market and the potential for growth.
Over 49 million Americans participated in freshwater, saltwater, and fly fishing in 2020.
The fact that over 49 million Americans participated in freshwater, saltwater, and fly fishing in 2020 is a testament to the immense popularity of the sport. This is a clear indication that the fishing tackle industry is thriving and has a large customer base. This statistic is a powerful reminder of the potential for growth and success in the fishing tackle industry.
In 2020, around 39 million Americans participated in the retail purchase of fishing gear or equipment.
This statistic is a testament to the immense popularity of fishing as a recreational activity in the United States. It shows that despite the pandemic, millions of Americans still found time to enjoy the sport of fishing and invest in the necessary gear and equipment. This is a clear indication of the potential of the fishing tackle industry and the opportunities it presents for businesses.
The market for fishing tackle in China is expected to grow by 9.9% from 2021 to 2030.
This statistic is a clear indication that the fishing tackle industry in China is on the rise. It shows that the market is expected to expand significantly over the next decade, which could be a great opportunity for businesses in the fishing tackle industry to capitalize on. This could be a great opportunity for businesses to invest in the Chinese fishing tackle market and take advantage of the growth potential it offers.
The rods and reels segment accounted for the largest share of the fishing tackle market at 43.8% in 2020.
This statistic is a telling indication of the fishing tackle market’s current state. It reveals that the rods and reels segment is the most popular among consumers, accounting for the largest share of the market. This highlights the importance of this segment in the fishing tackle industry and the need for companies to focus their efforts on this area in order to remain competitive.
Europe accounted for the largest share of the fishing tackle market in 2020, estimated at 37.2% of total market share.
The fact that Europe holds the largest share of the fishing tackle market in 2020 is a testament to the region’s commitment to the sport. It is clear that fishing is a popular pastime in Europe, and the industry is thriving as a result. This statistic is a reminder of the importance of the fishing tackle industry in Europe and the potential for growth in the region.
The Asia Pacific fishing tackle market is expected to register the fastest CAGR of 4.0% from 2021 to 2028.
This statistic is a testament to the potential of the Asia Pacific fishing tackle market, indicating that it is likely to experience the most rapid growth in the coming years. This is an important piece of information for anyone interested in the fishing tackle industry, as it suggests that the Asia Pacific region is a promising area for investment and expansion. Furthermore, this statistic provides a valuable insight into the future of the fishing tackle industry, allowing businesses to plan their strategies accordingly.
The global sport fishing boats market is expected to grow at a CAGR of 4.5% between 2021 and 2026.
This statistic is a key indicator of the future of the Fishing Tackle Industry. It shows that the global sport fishing boats market is expected to experience steady growth over the next five years, indicating that the Fishing Tackle Industry is likely to remain a viable and profitable sector. This is great news for those involved in the industry, as it suggests that the Fishing Tackle Industry will remain a strong and vibrant part of the global economy.
The sport fishing boats market was valued at USD 1.76 billion in 2020.
This statistic is a testament to the immense size of the sport fishing boats market, highlighting the importance of the fishing tackle industry. It serves as a reminder of the immense potential of the industry, and the potential for growth in the years to come.
The UK fishing equipment market is expected to reach £748.7 million by 2023.
This statistic is a testament to the potential of the UK fishing equipment market, indicating that it is a lucrative industry with a bright future. It is a valuable piece of information for anyone interested in the Fishing Tackle Industry, as it provides an insight into the growth of the market and the potential for investment.
North America held the largest market share in the fishing reel market, with about 30% share in 2020.
This statistic is a telling indication of the Fishing Tackle Industry’s current state. It shows that North America is the dominant player in the fishing reel market, with a commanding 30% share. This is a powerful reminder of the industry’s potential and the opportunities that exist for businesses in the region. It also serves as a benchmark for other regions to strive for, as they look to increase their market share in the fishing reel market.
Online sales channels for fishing tackle are projected to grow at a CAGR of 3.7% from 2021 to 2028.
This statistic is a key indicator of the future of the fishing tackle industry, providing insight into the potential for growth in the sector. It suggests that online sales channels are likely to remain a viable option for fishing tackle retailers, and that the industry is likely to experience a steady increase in sales over the coming years. This is an important piece of information for anyone interested in the fishing tackle industry, as it provides a glimpse into the potential for success in the sector.
The artificial baits segment in fishing tackle market is predicted to achieve a CAGR of 3.4% from 2021 to 2028.
This statistic is a key indicator of the future of the fishing tackle market, as it suggests that the artificial baits segment is expected to experience steady growth over the next seven years. This is important information for anyone interested in the fishing tackle industry, as it provides insight into the potential for success in this sector.
The fishing rod market is expected to reach a CAGR of approximately 5.3% between 2021 and 2026.
This statistic is a key indicator of the Fishing Tackle Industry’s growth potential, showing that the market is expected to expand at a steady rate over the next five years. This is good news for those in the industry, as it suggests that the demand for fishing rods is likely to remain strong and that the industry is likely to remain profitable.
The lure and tackle segment of the fishing equipment industry is projected to reach USD 5.41 billion by 2028.
This statistic is a testament to the immense potential of the fishing equipment industry. It shows that the lure and tackle segment of the industry is expected to experience significant growth in the coming years, indicating that the industry is ripe for investment and expansion. This is an important piece of information for anyone interested in the fishing tackle industry, as it provides a glimpse into the future of the industry and the potential for success.
Approximately 27.45 billion Japanese Yen (approximately U.S. $248 million) was spent on fishing tackle in Japan in 2019.
This statistic is a telling indication of the size and scope of the fishing tackle industry in Japan. It demonstrates the immense popularity of fishing as a recreational activity in the country, and the amount of money that is being invested in the industry. It also serves as a benchmark for the industry, providing a glimpse into the current state of the market and the potential for growth. This statistic is an invaluable resource for anyone looking to gain insight into the fishing tackle industry in Japan.
In the United States, around 2.1 million people purchased fly fishing tackle in 2020.
This statistic is a telling indication of the popularity of fly fishing in the United States. It shows that despite the challenges of 2020, the fly fishing tackle industry was still able to attract a large number of customers. This is a testament to the resilience of the industry and its ability to adapt to changing conditions.
In 2018, the total export value of fish hooks from China was approximately $148.63 million.
This statistic is a telling indication of the Fishing Tackle Industry’s success in China. It shows that the industry is thriving and that the demand for fish hooks is high. This is an important piece of information for anyone interested in the Fishing Tackle Industry, as it provides insight into the industry’s growth and potential.
Conclusion
The global fishing tackle market size was valued at USD 12.15 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.1% from 2021 to 2028. The revenue of the fishing equipment and supplies market in the United States was $2.36 billion in 2021, with over 49 million Americans participating in freshwater, saltwater, and fly fishing that same year. Additionally, 39 million Americans participated in retail purchases for fishing gear or equipment last year alone while Europe accounted for 37.2% of total market share within this industry sector during 2020 as well.
Furthermore, Asia Pacific’s Fishing Tackle Market is projected to register the fastest CAGR of 4%, with rods & reels accounting for 43.8%. In addition to this segment’s success story; sportfishing boats are also on an upward trajectory – estimated by Bizwit Research Consulting Pvt Ltd., it will reach a value worth 1 Billion US Dollars by 2026. Lastly but not leastly; China exported fish hooks totaling 148 Million US Dollars back 2018 – showing just how lucrative this industry can be when done right.
Overall these statistics show us that despite its challenges due to Covid-19 restrictions worldwide; there has been no shortage of demand nor enthusiasm towards recreational activities such as angling which have seen steady growth throughout recent years – making now more than ever before an ideal time invest into related products & services alike.
References
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3. – https://www.industryarc.com
4. – https://www.provisioneronline.com
5. – https://www.researchdive.com
6. – https://www.ibisworld.com
7. – https://www.marketwatch.com
