Australia Fishing Equipment Market Overview, 2028

Australia Fishing Equipment Market Overview, 2028

Fishing is a recreational sport enjoyed by around the Australia. People engage in fishing as a means to relieve stress, bond with nature, and socialise with new people with similar interests. In addition, seafood is an essential dietary element worldwide and is an acclaimed source of protein and healthy fats. Hence, fishing is carried out in different ways, such as cast-net fishing, spearfishing, and fly fishing, which require various tools to accomplish. Fishing equipment, therefore, is any tool that aids in the process of catching fish. Fishing equipment retailers are in high demand in Australia, with many people looking to purchase high-quality gear for their recreational fishing activities. Retailers can specialize in a particular type of fishing, such as saltwater or freshwater, or offer a wide range of products to suit all types of anglers. Australia has a strong fishing industry, and there is a demand for high-quality fishing equipment in other countries. Fishing equipment companies in Australia can capitalise on this demand by exporting their products to international markets.

According to the research report ""The Australia Fishing Equipment Market Overview, 2028,"" published by Bonafide Research, the Australia Fishing Equipment market is expected to grow at more than 4% CAGR from 2023 to 2028. Australia is surrounded by oceans and has many rivers and lakes, which provide ample fishing opportunities for anglers. The diversity of fish species in Australia also creates a demand for specialised fishing equipment. There is a growing focus on sustainable fishing practises in Australia, with many regulations in place to protect fish populations and their habitats. This has created demand for eco-friendly fishing equipment, such as biodegradable fishing line and non-toxic lures. Recreational fishing is a popular activity in Australia, with an estimated 5 million people participating in the sport. This growing interest in recreational fishing is driving demand for high-quality fishing equipment, including rods, reels, and lures. Based on the product types, the Australia fishing equipment includes hooks, lines, sinkers & floats, roads, reels, nets & traps, spears & gaffs, baits & lures, and others. During the research, rods, reels, and lures had the highest market share among others. Australia has a diverse range of fish species, both in saltwater and freshwater environments. This diversity requires specialised equipment to target specific species, such as the use of lures to mimic the natural bait of certain fish. There is a growing focus on sustainable fishing practises in Australia, and this has led to the development of eco-friendly fishing equipment such as biodegradable fishing line and non-toxic lures. These products appeal to anglers who are environmentally conscious.
Australia has a vast array of freshwater fishing locations that are popular with recreational anglers. Lake Eucumbene, New South Wales, is an artificial lake located in the Snowy Mountains and is stocked with trout, Atlantic salmon, and other fish species. Lake Jindabyne, New South Wales, is an artificial lake in the Snowy Mountains. It is also stocked with trout and salmon and known for its fly fishing opportunities. Murray River, Victoria, is the largest river in Australia and offers excellent fishing opportunities for a range of species, including Murray cod, golden perch, and catfish. Lake Monduran, Queensland, is known for its barramundi fishing opportunities and also offers fishing for other species such as Saratoga and bass. There are many popular freshwater fishing locations in Australia, and there are plenty of other rivers, lakes, and dams that offer excellent fishing opportunities for recreational anglers.

Based on the nature in Australia, it includes types like salt water, fresh water, and fly fishing. Saltwater fishing is popular, and the gear used for it is often more robust and long-lasting than that used for freshwater fishing. Reels, rods, lines, lure, and hooks for saltwater fishing are made to withstand the corrosive nature of saltwater. Distribution channels include online and offline; the offline segment dominates the fishing equipment market. Some of the specialist stores for fishing equipment are BCF (Boating, Camping, and Fishing), Fishing Tackle Australia, Compleat Angler, and Anaconda. Some of the top manufacturers of fishing equipment are Wilson Fishing, Alvey Reels, Samaki, and Rogue Fishing.

Considered in this report
• Geography: Australia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Australia Fishing Equipment market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Hooks
• lines
• Sinkers & floats
• Rods
• Reels
• Nets & Traps
• Spears& Gaffs
• Baits & Lures.
• Others

By Nature
• Fresh water
• Salt water
• Fly Fishing

By Distribution Channel
• Online
• offline

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the Fishing Equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.