Fishing Reels Market by Type (Baitcasting Reels, Fly Fishing Reels, Spincast Reels), End User (Recreational, Sport/Professional), Distribution Channel - Global Forecast 2024-2030

Fishing Reels Market by Type (Baitcasting Reels, Fly Fishing Reels, Spincast Reels), End User (Recreational, Sport/Professional), Distribution Channel - Global Forecast 2024-2030

The Fishing Reels Market size was estimated at USD 5.42 billion in 2023 and expected to reach USD 5.70 billion in 2024, at a CAGR 5.17% to reach USD 7.73 billion by 2030.

Fishing reels are mechanical devices attached to fishing rods in winding and stowing lines. Modern fishing reels typically include fittings aiding in casting for distance and accuracy and retrieving lines. There are several types of reels, including baitcasting, spinning, and fly reels, each designed for specific types of fishing and species. The expanding use of fishing reels can be attributed to the growing popularity of recreational fishing driven by increasing disposable incomes & a rising interest in outdoor activities among the general population. Developments in technology have also played a role as modern fishing reels are more user-friendly, durable, and lighter than ever before, enhancing the overall fishing experience. However, complexity and cost can be prohibitive for beginners, while maintenance can be cumbersome due to the intricate parts and mechanisms involved. Nevertheless, the integration of smart technology, such as GPS and Bluetooth connectivity for location tracking and data analysis, could appeal to tech-savvy anglers. Another growth area could be developing and promoting eco-friendly fishing reels using sustainable materials, aligning with global environmental conservation trends. These opportunities broaden the market appeal and enhance the functionality and sustainability of fishing practices.

Regional Insights

The U.S. and Canada are major markets in the Americas due to high participation rates in recreational fishing supported by a well-established sporting culture and natural resources. The market is characterized by a demand for both fresh and saltwater fishing reels, catering to a diverse range of fishing environments. In Europe, part of the EMEA region, countries including Norway, Germany, and the U.K. drive the market, with a historic affinity for angling and a strong presence of fishing reel manufacturers enhancing growth. The Middle East and Africa, on the other hand, present a smaller yet growing market with increasing tourism and leisure activities boosting demand. Asia Pacific stands out as a rapidly expanding market with increasing disposable incomes, rising interest in leisure activities, and the availability of diverse fishing locations from Australia to Japan. The region is also a hub for manufacturing activities, with countries including China and Japan leading in technology innovation and production capabilities, making high-quality fishing reels more accessible to global consumers.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Fishing Reels Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising popularity of recreational fishing activities
Increasing arrangements and investments for fishing in sports and professional events

Market Restraints

Incompatibility of advanced reels with existing fishing equipment

Market Opportunities

Material and design advances in fishing reels
Public-private partnerships for fishing infrastructure development

Market Challenges

Availability of counterfeit products and strict regulations against overfishing

Market Segmentation Analysis

Type: Popularity of spincast reels among beginners and younger anglers
End User: Popularity among recreational fishing enthusiasts to enjoy the accompanying serenity and relaxation of fishing

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Fishing Reels Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Fishing Reels Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Foundation Outdoor Group Acquires Mud Hole Custom Tackle, Inc. and American Tackle Company International, Inc

Foundation Outdoor Group has made a pivotal advance in the fishing industry by acquiring Mud Hole Custom Tackle, Inc. and American Tackle Company International, Inc. This acquisition positions the company as the foremost supplier of fishing rod components, tackle, and related instruction globally. The assimilation of Mud Hole's extensive e-commerce network and American Tackle's technological prowess marks a significant expansion of Foundation Outdoor Group's operational footprint, spanning several continents

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Fishing Reels Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Fishing Reels Market, highlighting leading vendors and their innovative profiles. These include Alvey Reels, Daiwa Corporation, Decathlon SE, Eagle Claw, GAN CRAFT， LTD., ITR Reels, Lindgren-Pitman, Inc., OKUMA FISHING TACKLE CO., LTD., Pure Fishing, Inc, Rapala VMC Corporation, Shimano Inc., St Croix Rods, Tailwalk by Atech Co., Ltd., The Orvis Company, Inc., Tibor Reel, and Tica by Everwinner.

Market Segmentation & Coverage

This research report categorizes the Fishing Reels Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Baitcasting Reels
Fly Fishing Reels
Spincast Reels
Spinning Reels
End User
Recreational
Sport/Professional
Distribution Channel
Offline
Online
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year