Fish Hunting Equipment Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

According to the report published by Zion Market Research, the global Fish Hunting Equipment Market size was valued at USD 16.82 Billion in 2023 and is predicted to reach USD 24.71 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.49% during the forecast period. The report analyzes the global Fish Hunting Equipment Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Fish Hunting Equipment Market industry.

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Global Fish Hunting Equipment Market: Overview

Fish hunting is usually done to pursue food or in sport. It can be done for a variety of reasons ranging from predator removal to recreation to meat gathering and requires tracking and monitoring of fishes. Fishing lures, fishing lines, hooks, and reels are some of the equipment used for fish hunting.

Global Fish Hunting Equipment Market: Growth Factors

The global fish hunting equipment market is growing at a speedy rate. Factors such as the rise in the number of recreational activities, the growing need for fish hunting to fulfill the surging need of seafood, and the growing participation of millennials in fish hunting as a sport are fueling the growth of the global market. The key difference between fishing and hunting is the targeted game. Fishing is trying to catch a fish for sport or meal while hunting is trying to kill or killing the fish for sport or meal. Hunting is considered to be much more than a traditional American pastime. As per the new studies of the California Department of Fish and Wildlife, the annual spending of the hunters is been increasing remarkably especially on the equipment used for hunting. All these factors are spurring the growth of the global fish hunting equipment market.

In addition to this, the launch of new and efficient equipment by the manufacturers to sustain the competitive market is also one of the prime factors that are fostering the growth of the global market. Moreover, the availability of a wide range of fish hunting equipment on e-commerce platforms and the rapidly expanding fish processing industry are also equally contributing to the growth of the market. Furthermore, technological advancements such as the use of hunting drones to locate the fish may serve better opportunities for the growth of the global fish hunting equipment market during the forecast period. However, high cost and requirement of license for hunting are the factors that may hamper the growth of the global fish hunting equipment market.

The coronavirus is been rapidly spreading and infecting a large number of populations across the world. To curb this situation, nationwide lockdown and restrictions on movement were imposed by the government of most of the countries. The manufactures involved in fish hunting equipment faced challenges due to the impact on demand and supply of the equipment. The industry had to shut down its operations while the disruption on the supply chain led to the unavailability of raw materials. In addition to this, stay-at-home orders enforced the population to stay home thereby affecting fish hunting. Thus, the situation of the Covid-19 pandemic has adversely affected the growth of the global fish hunting equipment market.

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Global Fish Hunting Equipment Market: Segmentation

The global fish hunting equipment market is bifurcated based on type, product, distribution channel and region.

Based on the type, the global fish hunting equipment market is split into freshwater, saltwater and others.

Based on the product, the global market is divided into fishing lures, hooks, fishing line, reels, rods and others.

The distribution channel segment is classified into offline and online.

Fish Hunting Equipment Market : Report Scope

Global Fish Hunting Equipment Market: Regional Analysis

Geographically, in terms of revenue, North America is anticipated to hold the largest share in the global fish hunting equipment market during the forecast period. Factors that are majorly fostering the growth of the market in this region include rise in hunting expenditure, recreational fishing a growing prominence in American tradition, and growing expenditure of the key players to offer equipment with better features. Europe is estimated to account for a significant share in the market. The presence of long coastlines, rivers & lakes, and the growing interest of people in recreational fishing activities are some of the key factors that are primarily propelling the growth of the market in this region. The market in Asia Pacific is also predicted to contribute a noteworthy share and contribute to the overall market growth.

Global Fish Hunting Equipment Market: Competitive Players

The global fish hunting equipment market is highly competitive owing to the profitable strategies made by the key participants. Few of the leading players in the global market are:

• Orvis
• Pure Fishing Inc.
• Eagle Claw
• Rebel
• Van Staal
• Costa Del Mar Inc
• Pradco Outdoor Brands
• Maver UK Ltd
• Newell Brands
• Globeride Inc, among others.

The Global Fish Hunting Equipment Market is segmented as follows:

By Type 

• freshwater
• saltwater 
• and others 

By Product 

• fishing lures
• hooks
• fishing line
• reels 
• rods 
• and others

By Distribution channel 

• offline
• online

Global Fish Hunting Equipment Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.