Europe Fishing Equipments Market Outlook, 2028

Europe Fishing Equipments Market Outlook, 2028

The culture of fishing in Europe is rich and diverse, with different regions and countries having their own unique traditions and practices. Fishing has been an important part of European culture for centuries, providing food, income, and recreation for many communities. In many coastal areas, fishing has played a central role in the local economy and way of life. One notable example of fishing culture in Europe is the fishing villages along the Mediterranean coast, such as those in Italy, Spain, and Greece. These villages have a long history of traditional fishing practices, and the local cuisine often features fresh seafood caught by the fishermen. The need for fishing equipment in Europe is bolstered by the growing popularity of recreational fishing in the region. In addition, the increasing interest of children in fishing and similar activities has opened new business opportunities for European players. Furthermore, fishing is becoming one of the most popular outdoor activities loved by children, contributing to the expansion of fishing equipment in this region. In recent years, Europe has undergone a transitory shift due to the concentration of European stakeholders on the utilization of new technology. In northern Europe, fishing has also played a significant role in the culture and economy of countries like Norway and Iceland. These countries are known for their deep-sea fishing fleets and their strong fishing industries, which provide employment and revenue for many people. In addition to commercial fishing, recreational fishing is also popular in many parts of Europe. Anglers can be found on the banks of rivers and lakes throughout the continent, and fishing is often seen as a relaxing and enjoyable pastime.

According to the research report, “Europe Fishing Equipments Market Outlook, 2028” published by Bonafide Research, the market is anticipated to add USD 928 Million from 2023 to 2028. The market in Europe is expected to account for moderately large revenue share during the forecast period. The United Kingdom, Germany, and France are some of the main markets in this region for fishing gear. There is high demand for fishing equipment in Europe since recreational fishing is becoming more popular and seafood is becoming more appealing. The development of environment-friendly fishing gear on the European market is also a result of consumers' rising awareness of the advantages of sustainable fishing techniques. Manufacturers are focusing on developing fishing equipment that harms the environment as little as possible. Examples include lead-free sinkers and biodegradable fishing lines. The presence of numerous anglers in Europe will lead to a surge in fishing activities across the region, which will result in escalating demand for fishing equipment. In addition, supportive government initiatives and policies across various countries have supported and developed the recreational fishing sector, leading to increased fishing activities in the region. The various countries from the Europe region are witnessing an upsurge due to growth in sports and recreational activities which is fuelling the market growth during the forecast period.

Based on the report, the market is segmented into Germany, United Kingdom (UK), France, Italy, Spain and Russia. Among them, United Kingdom is leading the market in 2022. United Kingdom fishing equipment often reflects a focus on conservation and sustainability. Many United Kingdom anglers are committed to preserving fish stocks and the environment, and as a result, there is a growing trend towards using barbless hooks and other gear designed to minimize harm to fish. The United Kingdom government has also introduced strict regulations to protect fish populations, particularly in rivers and other freshwater environments. The United Kingdom has a long history of fishing tackle manufacturing and retailing, with many famous brands such as Hardy, Greys, and Farlows based in the country. There are also many independent tackle shops throughout the United Kingdom, which offer a wide range of fishing equipment, including rods, reels, lines, lures, and accessories. United Kingdom sea anglers may use specialized gear such as beachcasters, which are long fishing rods designed for casting bait and lures from shore. However, Germany is known for its high-quality fishing gear manufacturing. Many German brands, such as Shimano, Daiwa, and Abu Garcia, are well-known throughout the fishing world for their innovative designs and high-quality materials. German-made fishing rods, reels, and lines are often praised for their durability and precision.

There are a wide variety of fishing equipment used throughout Europe, reflecting the diverse range of fishing opportunities and angling traditions across the continent. According to the research report, the market is segmented into hooks, lines, sinkers & floats, rods, reels, nets & traps, spears& gaffs, baits & lures and others. Among them, reels segment is expected to dominate the market by 2028. Fishing reels are used to retrieve and store the fishing line. There are various types of reels available, including spinning reels, baitcasting reels, and fly reels. On the other hand, fishing rods are used to cast and reel in the line and hook. They come in a range of sizes and styles, including spinning rods, baitcasting rods, fly rods, and surf rods. Spinning gear is another popular segment throughout Europe for a variety of fishing styles, including freshwater fishing for species such as pike and trout, as well as sea fishing for species such as bass and mackerel. Spinning rods and reels are lightweight and versatile, making them a good choice for a range of fishing situations. The fishing equipment industry in Europe is constantly evolving and incorporating new technologies to improve the performance and efficiency of fishing gear.

With the growing trend of smart and connected devices, the fishing equipment industry is also incorporating digital technology to provide anglers with real-time information about weather, water conditions, and fish movements. Some companies are also offering connected fishing gear that can be controlled and monitored remotely using smartphones and other mobile devices. Manufacturers are using advanced materials such as carbon fiber, Kevlar, and titanium to make fishing gear lighter, stronger, and more durable. These materials also offer greater sensitivity and flexibility, allowing anglers to feel even the slightest tug on their line. High-resolution sonar and imaging technology allow anglers to see beneath the water's surface and locate fish with greater accuracy. Some companies are also incorporating augmented reality technology into their fishing gear, providing anglers with a visual display of the underwater environment and fish movement. In addition, artificial intelligence (AI) is being used in fishing equipment to provide advanced analytics and data processing capabilities. This technology can analyse data such as water temperature, weather conditions, and fish behaviour, helping anglers make informed decisions about where and when to fish.

In Europe, there is a growing trend towards eco-friendly and sustainable fishing practices, and manufacturers are incorporating this into their product design. For example, some companies are developing biodegradable fishing line and eco-friendly lures that reduce the impact on the environment. The fishing equipment market in Europe is subject to various government regulations aimed at promoting sustainable fishing practices and protecting the environment. The European Union (EU) sets fishing quotas for different species of fish that limits the amount of fish caught in a given period. Fishing quotas are designed to prevent overfishing and maintain the long-term sustainability of fish stocks. The EU also regulates the types of fishing gear that can be used in different areas and for different species of fish. Some types of fishing gear, such as drift nets and bottom trawls, are prohibited in certain areas to prevent damage to the environment and bycatch of non-target species. The EU requires fishing gear manufacturers to comply with certain labelling and certification requirements to ensure that their products meet environmental and safety standards. For example, the EU's Eco-Label certification ensures that fishing gear meets strict environmental standards.

Based on the report, the market is segmented into three types of nature including fresh water, sea water and fly fishing. Among them, fresh water segment was valued at over USD 2 Billion in 2022. Europe has numerous freshwater bodies, including lakes, rivers, and streams. Many of these water bodies are accessible to the public and offer good opportunities for freshwater fishing. Also, freshwater bodies in Europe support a wide range of fish species, including trout, carp, pike, perch, and catfish, among others. This diversity of fish species makes freshwater fishing more interesting and challenging for anglers. Freshwater fishing is generally more affordable compared to saltwater fishing, which requires more specialized equipment and boats. This makes it accessible to a wider range of people, including beginners and families. However, there is a growing trend towards sustainable fly fishing in Europe, with anglers increasingly seeking out ethical and sustainable fishing practices. This includes catch-and-release fishing, as well as the use of eco-friendly fly fishing gear. Also, there is a growing trend towards DIY fly tying in Europe, with anglers making their own flies instead of buying them from stores. This allows anglers to create custom flies that are tailored to the specific fish species they are targeting. There are a growing number of women taking up fly fishing, and the industry is starting to cater to this market by offering more women-specific fly fishing gear and events.

The European market is further segmented into two sales channels including offline and online. Among them, online segment is expected to grow with over 7% CAGR by 2023-28. The online sales channel for fishing equipment is growing in Europe, as more consumers prefer to shop online for convenience and the ability to compare prices and products from different brands and retailers. Online sales may include purchases from manufacturer websites, e-commerce platforms, or third-party retailers. Amazon, Decathlon, Fishing-mart, Tackle Fanatics and Fishernator are some of the major e-commerce platforms for fishing equipment in Europe. However, specialty fishing equipment stores are a popular sales channel for fishing gear in Europe. These stores cater specifically to anglers and offer a wide range of fishing equipment, including rods, reels, lines, lures, and other accessories. Hypermarkets and supermarkets also sell fishing equipment, often as part of a wider sporting goods section. These stores may offer basic fishing gear such as rods, reels, and lines, but may not have as wide a selection as specialty fishing stores. Some of the retail stores include Angling Direct, Decathlon, Cabela's, Fishing Republic and Sportfish.

Companies Mentioned in this Report:
Globeride Inc, Pure Fishing, Inc, Sea Master Enterprise Co., Ltd, Maver UK Ltd, Jarvis Walker Pty, Inc, Okuma Fishing Tackle Co., Ltd, Shimano Inc, Rapala VMC Corporation, St. Croix Rods, O. Mustad & Son AS, Taylor Fly Fishing, LLC, Drennan International , SPRO Sports Professionals

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

Aspects covered in this report
• Europe Fishing Equipment market with its value and forecast along with its segments
• Country-wise Welding Equipment & Consumables market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• Germany
• United Kingdom
• France
• Spain
• Italy
• Russia

By Product type:
• Hooks
• Lines
• Sinkers & floats
• Rods
• Reels
• Nets & Traps
• Spears& Gaffs
• Baits & Lures
• Others (Fishing Stopper, Swivel Fishing Line, Fishing Snap, etc.)

By Nature Type:
• 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 as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

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