Global Fishing Reels Market Size, Share, Opportunities, And Trends By Type (Fly Fishing Reel, Conventional Reel, Spinning (fixed-spool) Reel, Underspin Reel, Others), By Mechanism (Direct-Drive Reel, Anti-Reverse Reel), By Fishing (Freshwater Fishing Reel, Saltwater Fishing Reel, Fly Fishing Reel), And By Geography - Forecasts From 2023 To 2028

The fishing line is wound and stored on fishing reels, which are affixed to fishing rods. Due to the growing impact of the blue economy on a country's GDP, the worldwide fishing reels market is anticipated to expand significantly throughout the projected period. It is projected that the growing popularity of leisure, hunting, and recreational activities would accelerate the expansion of the fishing reels sector. Worldwide, fishing is growing in popularity among people of all ages.

Fishing reels are hand-held or mounted on boat gunwales apparatuses used to wind and pack fish in conjunction with fishing rods. Due to a booming fisheries sector and in keeping with the global trend of leisure activities becoming more and more popular, the fishing reel market has recently experienced stable expansion.

Worldwide, fishing is growing in popularity among people of all ages. The Food and Agricultural Organization of the United Nations estimates that recreational fishing is practiced by an average of 6.7% of the world's population. However, this number varies greatly and is directly related to economic, cultural, and societal developments that affect the availability of resources, leisure time, and socialization with recreational fishing.

Anglers will value features like an open-face design and top-mounted drag adjustment. Anglers have a strong feeling of balance because of their smooth casting and comfortable holding position. Due to these benefits, spinning reels have seen a significant increase in customer interest, making them the most common form of reel in this category.

The worldwide fishing reels market has grown as a result of individuals engaging in more leisure, hunting, and recreational activities as well as youngsters becoming more interested in fishing and associated activities. Furthermore, it is anticipated that future possibilities will arise as a result of robust economic development, rising disposable income, and increased government attention on advancing the maritime economy.

Recreational activities are becoming more popular among millennials

Seafood sustainability is gaining importance in the market as younger Millennial and Gen Z customers get older, which is reflected in the fishing reel industry's great development potential. 90% of millennials acknowledge the need of keeping a balanced diet while enjoying pleasures in moderation, showing a higher level of health concern than prior generations. The fishing reel market is expanding because millennials, who are most concerned with ecological and ethical food products, are also more likely to hunt. Millennials also heavily rely on smart phone internet, which they utilize to influence other users to choose the fishing approach by planning how to advertise their techniques and enjoyable activities on social media platforms and by stressing the importance of eating fresh, nutritious food.

This encourages a sizable populace to choose fish hunting, which spurs market expansion.

Global e-commerce sector penetration is increasing which will surge market expansion.

The global business landscape has transformed as a result of e-commerce penetration. E-commerce has grown significantly in importance over the past several decades as the use of smartphones and the internet for both personal and professional purposes increases. Additionally, the use of delivery platforms is growing in the area of online to offline (O2O) commerce. Online retailers typically provide their products to customers around the world 24/7 in contrast to physical stores. As a result, the demand for fishing reels is growing rapidly in the e-commerce sector since it draws customers who like to make healthy online purchases.

North America is projected to be the prominent market shareholder in the fishing reels market globally and is anticipated to continue throughout the forecast period.

Throughout the projected period, North America is anticipated to keep up its dominance. The growing acceptance of ice fishing as a pastime in North America, particularly in nations like the U.S. and Canada, is the primary factor driving the product's increased demand. The availability of a huge area of land that is available for lawful fishing is another significant motivating element for people in North American nations. A significant increase in the number of fishing competitions held in the United States over the years has, on a broad scale, led to a strong demand for a range of fishing reels.

Throughout the anticipated period, the Asia Pacific region is anticipated to see the quickest growth. There are several spots in this area where you may go game fishing. A typical visitor chooses the Asia Pacific because of its popular fishing spots including Toiman (South China Sea), Redand (South China Sea), Langwaki (Andaman Sea), Bali (Indonesia Sea), and Phuket while also being cost-effective (Andaman Sea).

Market Key Developments

In July 2021, it was revealed that Abu Garcia will be introducing its distinctive ZENON reels and rods, which are advertised as the brand's lightest current-generation technical products. Magnesium, which is utilized to make this sort of roll, is lighter, more effective, and more responsive when used for fishing.

Global Fishing Reels Market Scope: 

 

Report Metric	Details
Growth Rate	CAGR During the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Mechanism, Fishing, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Shakespeare Fishing Tackle, Cabelas, Abu Garcia, Scientific Anglers, Bass Pro Shops, Daiwa Corporation, Zebco, Penn Reels, Shimano
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Type
  • Fly Fishing Reel
  • Conventional Reel
  • Spinning (fixed-spool) Reel
  • Underspin Reel
  • Others
• By Mechanism
  • Direct-Drive Reel
  • Anti-Reverse Reel
• By Fishing
  • Freshwater Fishing Reel
  • Saltwater Fishing Reel
  • Fly Fishing Reel
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL FISHING REELS MARKET, BY TYPE

5.1. Introduction

5.2. Fly Fishing Reel

5.3.  Conventional Reel

5.4. Spinning (fixed-spool) Reel

5.5. Underspin Reel

5.6. Others

6. GLOBAL FISHING REELS MARKET, BY REEL MECHANISM

6.1. Introduction

6.2. Direct-Drive Reel

6.3. Anti-Reverse Reel

7. GLOBAL FISHING REELS MARKET, BY FISHING

7.1. Introduction

7.2. Freshwater Fishing Reel

7.3. Saltwater Fishing Reel

7.4. Fly Fishing Reel

8. GLOBAL FISHING REELS MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Shakespeare Fishing Tackle

10.2. Cabelas

10.3. Abu Garcia

10.4. Scientific Anglers

10.5. Bass Pro Shops

10.6. Daiwa Corporation

10.7. Zebco

10.8. Penn Reels

10.9. Shimano

Shakespeare Fishing Tackle

Cabelas

Abu Garcia

Scientific Anglers

Bass Pro Shops

Daiwa Corporation

Zebco

Penn Reels

Shimano