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Fishing reels market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Fishing reels market: By Reel Type (Spincast Reels, Spinning Reels, Baitcast Reels, Electric Reel, Fly fishing Reel, Offshore Reels and Others); Reel Mechanism- Direct (drive reel and Anti-reverse reel); Price Range (< US$ 100, US$ 100 – 500, US$ 500 - 1,500 and > US$ 1,500); Sales Channel (Offline and Online); Application (Freshwater Fishing and Saltwater Fishing); and Region—Industry Dynamics, Market Size and Opportunity Forecast, 2031

  • Published Date: 08-Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0322185  | Delivery: 2 to 4 Hours
INFOGRAPHIC:
Fishing Reels Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 4,043.3 Mn
Expected Revenue in 2031US$ 6,060.6 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
CAGR4.6%
Segments coveredBy Reel Type, By Reel Mechanism, By Price Range, By Sales Channel, By Application, By Region
Key players                                                                      Abu Garcia, Alvey Reels, Daiwa Corporation, Elec-Tra-Mate, Florida Fishing Products, Hooker Electric, Inc., Mitchell Reel Co., Penn Reels, Pflueger, Scientific Anglers, Shimano, Shakespeare Fishing Tackle, Zebco, Pokee Fishing, Cabela's Inc., AFTCO Mfg., Eagle Claw, Other Prominent Players
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FREQUENTLY ASKED QUESTIONS

The various types of fishing reels include bait casting reel, spinning reel, center pin reel and others.

The fishing equipment market basically comprises of baits, flies, tools & pliers, lures, hooks, sinkers, tippers & swivels, reels, sinkers, rings and poles.

The global fishing reel market is studied from 2018-2031. 

The growth rate of the global fishing reel market is 4.6%, with an estimated value of US$ 6,060.6 Million by 2031. 

North America held the major share in terms of revenue, in the global fishing reel market in 2022.

Factors such as growing popularity of recreational activities among millennials and rise in consumer awareness towards the health benefit of fish drives the growth in the global fishing reel market. 

Depletion of sea species is a restraining factor which inhibits the growth of the market during the forecast period.

Reel type, reel mechanism, price range, sales channel, application and region are the different segments of the global fishing reel market. 

Based on application segment, the fishing reel market is bifurcated into freshwater fishing and saltwater fishing.

US holds the major share in terms of revenue in the North America fishing reel market in 2022.

The spinning reel segment holds the major share in 2022 due to its advantageous factors such as easy to use, effective and can be used to fish for nearly any freshwater species and most saltwater species

The key players operating in the market include Abu Garcia, Alvey Reels, Daiwa Corporation, Elec-Tra-Mate, Florida Fishing Products, Hooker Electric Inc., Mitchell Reel Co., Shimano Inc., Shakespeare Company. LLC, Zebco, Pokee Fishing, Cabela's Inc. and AFTCO Mfg among others. 

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