Fishing Accessories Market

Fishing Accessories Market: Introduction

• Fishing accessories refer to products, such as fishing rods, lines, fishhooks, baits, lures, and sinkers that are used for recreational fishing and competitions. These tools are used for fishing without gear, line fishing, grappling, stunning, trapping, and fishing with bag nets, trawling, seining, and gillnetting. The fishing lines are attached with natural or artificial bait to lure, hold, and catch the fish.

Key Drivers of the Global Fishing Accessories Market

• Rising interest among children toward fishing and its related activities have created new business opportunities for players operating in the market. Hence, parents are encouraging children to start fishing as it helps them to boost their concentration and patience level. Fishing has become one of the favorite outdoor activities for adults as well as kids. Mitchell, a manufacturer of fishing equipment, produces 5 ½ foot combos that are perfect for kids aged 7 and up. Thus, increasing participation of children in fishing activities and easy availability of fishing accessories for children propels the fishing accessories market.

Factors Restraining the Global Fishing Accessories Market

• Demand for fishing accessories may witness fluctuations due to seasonality of the sport and changing fashion trends among consumers. Other factors such as economic conditions of consumers, demographics, and levels of disposable income in emerging economies may hamper the growth of the fishing accessories market.

Market in Asia Pacific to Expand Rapidly

• In terms of region, the global fishing accessories market can be divided into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the fishing accessories market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the fishing accessories market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America fishing accessories market is segmented into Brazil, and Rest of South America.
• North America accounted for largest share of the global fishing accessories market due to the presence of well-established manufacturers along with water sports infrastructure, which influences the market growth in the region. Rise in participation in water-based sports and recreational activities along with growing number of fishing associations and clubs majorly contributes to the growth of the fishing accessories market in North America.
• The fishing accessories market in Asia Pacific is projected to expand rapidly during the forecast period due to changing consumer preference toward adventure outdoor sports. Camping, fishing, and expansion of online shopping for fishing equipment are factors expected to fuel the growth of the fishing accessories market in the region.

Key Players Operating in the Global Market

Companies in the fishing accessories market are opting for innovative strategies to develop eco-friendly fishing equipment, which do not have any negative impact on the environment and support the idea of sustainable development. This will help to enhance their competitive advantage and market share globally. Companies are focusing on innovations and developing cost effective and efficient fishing accessories which helps to propel the global sale of fishing accessories. Extensive competition is a major challenge; hence, companies are strategizing on partnerships, agreements, and acquisitions to expand their presence in the market.

A few of the key players operating in the global fishing accessories market are:

• Gamakatsu USA
• Globeride, Inc.
• Jarvis Walker Pty, Inc.
• Johnson Outdoors Inc.
• Maver UK Ltd.
• PRADCO Outdoor Brands
• Pure Fishing, Inc.
• Rome Specialty Company, Inc.
• Sea Master Enterprise Co., Ltd.
• Tica Fishing Tackle

Global Fishing Accessories Market: Research Scope

Global Fishing Accessories Market, by Nature

• Fresh Water
• Salt Water

Global Fishing Accessories Market, by Product Type

• Hooks
• Lines
• Sinkers & floats
• Rods
• Reels
• Nets & traps
• Others (Spear & gaffs, etc.)

Global Fishing Accessories Market, by End-user

• Individual
• Commercial

Global Fishing Accessories Market, by Distribution Channel

• Online
  • E-commerce Portal
  • Company Owned Portal
• Offline
  • Sport Stores
  • Specialty Stores
  • Others (Large Format Stores, etc.)

Global Fishing Accessories Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America

The report on the global fishing accessories market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.