The fishing equipments can be segmented into following product categories: reels and poles, rods, lures, fishing lines, flies & baits, hooks, tackle boxes, tools & pliers, rigs, sinkers, tippets & swivels. The fishing techniques include angling, trolling, long line fishing and snagging. Depending upon the technique of fishing various appropriate tools have been developed. Globally fishing is a large market and continues to grow at a rapid pace. Increasing population has its own demands for food products and fish & fish products form a large segment in people’s food habit worldwide.
All major regional market segments including North America, APAC, Europe and RoW have a large market for fishing tools. Fish consumption has been going up globally due to increasing population and also increase in non-vegetarian diet trend. Increase in disposable income and rapid growth in emerging markets especially in APAC have stimulated spending culture in the retail markets, contributing in the constant surge of fishing equipment and other leisure products markets. Increasing expenditure by millions of anglers globally and taxes collected on fishing and motorboat fuel are contributing significantly in supporting fisheries conservation and fish recreational programs. Fishes also provide oils that are beneficial from nutritional point of view and can be used medicinally. These form the major drivers for the fishing equipment market. The opportunities for global fishing equipment market lie in tapping the unorganized fishing sector which barely utilize the local substandard products and growing interest of enthusiasts in fishing for recreational purpose.
Some of the Key Players in this market are AFTCO Mfg. Co., Inc., Arcom International, Berkley, Bass Pro Shops, Cabela's Inc., Daiwa Corporation, Buck's Bags, Castaic Soft Bait, Inc., Fenwick, Eppinger Mfg. Co., Gamakatsu Co., Ltd., Grandt Industries, Gibbs/Nortac Fishing, Inc., Hagen's, Diamondback fly Rods, Hedron, Inc., Jarden Corporation, K2 Inc., Penn Fishing Tackle Manufacturing Company, Jim Teeny Inc., Lureflash International Ltd., Rome Specialty Company, Rapala VMC Corporation, Pure Fishing, Storm Lures Corporation, Sea Master Enterprise Co. Ltd.
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