Middle East & Africa Fishing Equipments Market Outlook, 2028

Middle East & Africa Fishing Equipments Market Outlook, 2028

With seven seas surrounding the region, including the Mediterranean, the Persian Gulf, the Gulf of Aden, the Red Sea, the Black Sea, the Caspian Sea and the Arabian Sea, the Middle East is not short of sources for fresh seafood. Fishing has been an important cultural and economic activity in the Middle East and Africa for thousands of years. In both regions, fishing is often seen as a way of life and a means of providing food for local communities. In the Middle East, fishing is particularly important in coastal regions such as the Persian Gulf, the Red Sea, and the Mediterranean. Traditional fishing methods include using nets, traps, and spears, as well as handline fishing. Many fishing communities in the Middle East also have strong cultural traditions associated with fishing, such as fish markets and festivals that celebrate the local catch. Fishing equipment used in the Middle East and Africa has evolved over time, with traditional techniques still being used in many places alongside more modern equipment. In the Middle East, traditional fishing nets are often decorated with bright colors and patterns, which are believed to attract fish. Sustainable fishing practices are becoming increasingly important in both regions, as overfishing, pollution, and climate change threaten the health of marine and freshwater ecosystems.

According to the research report, “Middle East & Africa Fishing Equipment Market Outlook, 2028” published by Bonafide Research, the market is projected to reach USD 749 Million by 2028. Fishing equipment in the Middle East and Africa reflects the diverse and unique fishing cultures of the region, as well as the ingenuity and resourcefulness of local fishermen who have adapted their gear to suit the needs of their environment. One major aspect of fishing equipment in the Middle East and Africa is the use of locally-sourced materials to make fishing gear. For example, fishing nets are often made from natural fibers such as palm fronds, sisal, or cotton, which are abundant in the region. Handmade baskets and traps are also common and are often made from locally sourced materials such as bamboo, reeds, or woven grasses. In addition, fishing equipment in the Middle East and Africa is often tailored to the specific needs of the local fishing industry. For example, in the Red Sea, fishermen use specially designed nets and boats to catch fish that live in the coral reefs. Inland fishing in Africa often involves fishing in rivers, where fishermen use special nets and traps to catch catfish, tilapia, and other freshwater species. There are many people who enjoy fishing as a hobby, particularly in urban areas where modern fishing equipment is more widely available. In recent years, there has been a growing interest in recreational fishing in the Middle East and Africa, and there are now many fishing clubs and associations that cater to anglers.

The Middle East & Africa market is segmented into three major countries including United Arab Emirates, Saudi Arabia and South Africa. Among them, South Africa is expected to have higher market share by the end of the forecast period. South Africa has a well-established recreational fishing industry and a growing market for modern fishing equipment. The country has a long coastline and many inland bodies of water, making it a popular destination for recreational fishing. Additionally, the country has a relatively developed economy and a large middle class, which may have contributed to the growth of the fishing equipment market. South Africa is also home to several fishing equipment retailers and manufacturers, both local and international, which serve the domestic market and may export to other countries in the region. Some of these retailers and manufacturers specialize in high-end fishing equipment and cater to the growing number of recreational anglers in the country. In terms of the market for modern fishing equipment, countries with more developed economies and higher levels of disposable income are likely to have larger markets. For example, the United Arab Emirates (UAE) has a growing recreational fishing industry and is home to several high-end fishing equipment retailers, including some international brands.

The fishing equipment market in the Middle East and Africa is subject to a range of government regulations aimed at promoting safety, quality, and environmental protection. In many countries, fishing nets and other gear must meet specific safety and quality standards in order to be used for commercial fishing. Additionally, there may be restrictions on the type of gear that can be used in certain fishing areas or during specific seasons to protect fish populations and prevent overfishing. In terms of environmental protection, some countries in the region have implemented regulations to limit the use of certain fishing equipment, such as gill nets, which can inadvertently trap and kill other marine animals. There may also be restrictions on the use of certain chemicals or other substances in fishing gear to prevent damage to the marine environment. In many countries, individuals or companies engaged in commercial fishing may be required to obtain licenses or register with government agencies. This may include registration of fishing vessels and gear, and may be aimed at monitoring and regulating the fishing industry to prevent overfishing and promote sustainable practices.

Further, the market is segregated into various product types including hooks, lines, sinkers & floats, rods, reels, nets & traps, spears & gaffs, baits & lures and others. Fishing rods are anticipated to grow with over 5% CAGR by 2023-28. They are an important piece of equipment in the Middle East and Africa, both for recreational and commercial fishing purposes. They come in a variety of styles and designs, depending on the type of fishing being done and the species of fish being targeted. In many countries in the region, recreational fishing is a popular pastime, with many people enjoying the sport in freshwater rivers and lakes or in the coastal waters of the region. For these anglers, having a high-quality fishing rod is essential to their enjoyment and success in the sport. Commercial fishing is also an important industry in some parts of the region, with fishing rods being used by professional fishermen to catch a wide range of fish species. Commercial fishing rods are often more specialized than recreational fishing rods, with different designs and materials used depending on the specific type of fishing being done. Based on the sales channel, offline segment is dominating the market whereas online segment is growing at a higher CAGR by 2023-28. Some of the offline stores are Al-Futtaim Marine, Proline Fishing Equipment, Al Sayad Hunting & Fishing Equipment, Jassim Fishing Equipment, Salmat Fishing Tackle, Al Waha Marine Sports Equipment and Fishing Gulf etc.

The fishing equipment market in the Middle East and Africa is influenced by a range of economic trends, which can impact the demand for and supply of fishing equipment in the region. Economic growth in the region, particularly in countries such as South Africa, Nigeria, and Egypt, have a positive impact on the fishing equipment market, as consumers have more disposable income to spend on recreational activities. Tourism is an important driver of the fishing equipment market in the region, as many visitors to the region engage in recreational fishing activities. Increased tourism can lead to greater demand for fishing equipment, particularly in coastal areas. Regulations aimed at promoting sustainable fishing practices can impact the fishing equipment market in the region, as manufacturers and distributors may need to adapt their products and processes to comply with regulations. However, in recent years, overfishing, pollution, and climate change have threatened the sustainability of fishing in both regions. Many governments and local communities are working to address these challenges by promoting sustainable fishing practices and protecting marine and freshwater ecosystems. Further, based on nature type, freshwater segment is leading the market in 2022. The Middle East and Africa region has a number of freshwater bodies that are popular for recreational fishing including Lake Nasser, Lake Victoria, Lake Malawi, Lake Tanganyika and Nile River.

Companies Mentioned in this Report:
Globeride Inc, Pure Fishing, Inc, Sea Master Enterprise Co., Ltd, Jarvis Walker Pty, Inc, Okuma Fishing Tackle Co., Ltd, Rapala VMC Corporation, St. Croix Rods, O. Mustad & Son AS

Considered in this report
• Geography: Middle East & Africa
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Middle East & Africa 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:
• United Arab Emirates
• Saudi Arabia
• South Africa

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.