North America Fishing Equipments Market Outlook, 2028

North America Fishing Equipments Market Outlook, 2028

Fishing has played a significant role in the culture and history of North America for thousands of years. Indigenous peoples of North America were some of the first to fish in the region, using techniques like nets, traps, and spears to catch fish from rivers, lakes, and the ocean. Many indigenous cultures have deep spiritual and cultural connections to fishing, and fishing practices are often intertwined with traditional customs and rituals. Commercial fishing in North America has evolved over time, with new technologies and practices helping to improve efficiency and increase yields. Today, fishing remains an important cultural and economic activity in many parts of North America. In addition to commercial fishing, recreational fishing is popular among many North Americans, who enjoy fishing as a hobby or sport. Fishing tournaments, charters, and outfitters can be found throughout the region, and many communities hold annual fishing festivals and events. Population growth and improvements in living standards are the primary factors driving the expansion of the fishing equipment industry. An increase in income in this region significantly increases the demand for fishing equipment. In addition, the increased interest of adults and children in fishing in salt water, fly fishing, and freshwater contributes to the expansion of the industry. According to the American Sportfishing Association, there are over 49 Million anglers in North America, including both the United States and Canada. This number includes both recreational and commercial anglers, as well as individuals who participate in subsistence fishing for food.

According to the research report, “North America Fishing Equipments Market Outlook, 2028” published by Bonafide Research, the market is projected to reach market size of USD 6.53 Billion by 2028. Fishing tourism is a growing industry in North America, with many anglers traveling to different locations to fish for specific species or experience different types of fishing. This has helped to drive demand for fishing equipment and accessories in areas with a strong tourism industry. Additionally, a rise in digital entrepreneurship is assisting in raising consumer awareness of sport fishing via social media. With over 7 Billion users, the social media platform for fishermen, like Fishbrain, is a major app and platform in the United States. Furthermore, many anglers in North America are passionate about conservation and preserving the environment for future generations. This has led to a growing demand for sustainable fishing equipment and practices, such as catch-and-release fishing, which help to minimize the impact of fishing on fish populations and their habitats. Revenue growth of the market in the region is driven by rising popularity of recreational fishing activities such as fly fishing and bass fishing. Revenue growth of the market in the region is also been supported by the existence of various fishing equipment manufacturers in the U.S., including Rapala VMC Company and Pure Fishing Inc. These manufacturers are always innovating and introducing new fishing gear with innovative features, such longer casting distances and improved sensitivity, to suit rising demand from fishing enthusiasts.

Based on the report, the market is segmented into United States, Canada and Mexico. Among them, United States is leading the market with over 75% market share in 2022. After jogging, recreational fishing is considered the second-most popular outdoor activity in the US. A large number of people have adopted fishing as their hobby, and they love spending their time around water reservoirs. Furthermore, most angling sites across the region are surrounded densely by water & greenery, which provides a natural spot for people to get together. Hence, these aspects project significant expansion of the fishing equipments market in North America over the forecast years. North America accounted for more than 35% share of global revenue in 2022 owing to the growing popularity of ice hockey globally coupled with high demand for recreational fishing equipment including rods & reels across the U.S., Canada & Mexico. Furthermore, an increasing number of tournaments are held on frozen lakes & rivers across the region. For instance, Kayak Fishing is a series of tournaments held throughout the United States and Canada that focuses on kayak fishing. The tournaments are open to both recreational and professional anglers and feature fishing equipment specifically designed for kayak fishing. Also, Bassmaster Classic is an annual tournament that is considered one of the most prestigious fishing tournaments in the world. The tournament focuses on bass fishing and features the best anglers in the sport. The event also includes an expo where fishing equipment manufacturers showcase their latest products.

According to the report, the market is segmented into various equipment types including hooks, lines, sinkers & floats, rods, reels, nets & traps, spears& gaffs, baits & lures and others. Among them, reels segment is leading the market in 2022. Many North American anglers target larger fish species, such as bass, muskie, or salmon, that require strong and durable fishing gear. A high-quality fishing reel can help an angler land these larger fish and prevent them from escaping, which is important for both sport and commercial fishing. Also, a good fishing reel can improve casting accuracy and distance, which is essential for successful fishing. A well-designed reel can help anglers cast their lines farther and with greater precision, which can increase their chances of catching fish. However, offshore wind farms provide an opportunity for the fishing industry. The U.S. Department of Energy has allocated approximately US$ 200 Million for research, development, and demonstrations of offshore wind projects. As such, demand for fishing rods will increase in future. Rising participation in fishing competitions and support for recreational fishing initiatives from governments of various countries are expected to drive the expansion of the fishing rods market size over the coming years. Development of offshore wind projects in deep water, which poses low intervention with fishing activities and recreational boating, has been enabling higher fishing performance for anglers. Rise in offshore wind farm projects will continue to benefit the sales of fishing rods.

Further, the market is segmented into three nature types including fresh water, salt water and fly fishing. Among them, fresh water segment is leading the market in 2022. Freshwater fishing is a popular activity in North America, and many anglers prefer fishing in lakes, rivers, and streams. The fishing equipment used in freshwater fishing is typically lighter and smaller than that used in saltwater fishing, and includes rods, reels, lines, and lures. The Great Lakes, the Florida everglades, the Ozarks, the Adirondacks and the Pacific Northwest are some of the freshwater fishing destinations that are popular among recreational anglers. Saltwater fishing is another popular activity in North America, particularly in coastal regions. The fishing equipment used in saltwater fishing is often heavier and sturdier than that used in freshwater fishing, and includes rods, reels, lines, and lures designed to withstand the corrosive effects of saltwater. The segment is growing with higher CAGR by 2028. In North America, government agencies have regulations in place to protect the environment and natural habitats. These regulations include restrictions on the use of motorized boats, limitations on fishing in protected areas, and regulations on the disposal of fishing waste.

However, fly fishing is a popular and cherished pastime in North America, and the region offers a wealth of opportunities for anglers to experience this unique and rewarding sport. Fly fishing has a long and storied history in North America. Many of the earliest fly fishing traditions and techniques were developed in the United States, and the sport has played an important role in American culture and literature. North America is home to a diverse array of fish species that can be targeted with fly fishing gear, including trout, salmon, bass, pike, and more. This diversity of fish populations makes North America a particularly attractive destination for fly anglers. Fly fishing often takes place in scenic and natural environments, such as mountain streams, clear lakes, and remote wilderness areas. North America is home to many of these types of environments, making it an ideal location for fly fishing enthusiasts. North American fly fishermen have developed many unique and innovative fly patterns that are now popular with anglers around the world. These patterns often mimic the insects and other aquatic creatures that fish feed on, and can be highly effective for catching fish.

In North America, advances in technology are driving innovation in the fishing equipment industry. Manufacturers have the opportunity to develop new and innovative products that incorporate the latest technologies, such as GPS mapping systems, advanced fish finders, and other high-tech features. For instance, Fish finders are electronic devices that use sonar to detect fish in the water. They can show the depth of the water, the presence of fish, and the type of bottom structure. This technology has revolutionized fishing, making it easier to find and catch fish. Electric trolling motors are becoming more popular among anglers. These motors are quiet and allow anglers to move through the water without disturbing fish. They are also more efficient than gas-powered motors, and some models have GPS technology that can help anglers navigate. Also, lure technology has improved greatly in recent years. Some lures have built-in sound and vibration to attract fish, while others have LED lights that flash to mimic the movement of baitfish. Some lures even have built-in cameras that allow anglers to see what is happening underwater. Smart fishing rods have sensors that can detect when a fish bites and alert the angler. They can also provide information about the water temperature, depth, and other conditions that can help anglers catch more fish. In addition to that, drones are increasingly being used by anglers to scout fishing spots and locate schools of fish. They can provide a bird's-eye view of the water and help anglers find fish that might be difficult to locate from the shore.

The market is further categorized into two major distribution channels including online and offline. Among them, offline segment is leading the market with over 75% in 2022. Offline sales channels for fishing equipment include brick-and-mortar stores, such as sporting goods retailers, fishing equipment specialty stores, and department stores. Fishing equipment is widely available at retail stores across North America, including outdoor recreation stores, sporting goods stores, and general merchandise retailers. These stores offer a range of fishing gear, from basic rods and reels to specialized tackle and accessories. Some of them are Bass Pro Shops, Cabela’s, Dick’s Sporting Goods, Academy Sports + Outdoors, Canadian Tire and Walmart etc. There are also specialty fishing equipment retailers that focus exclusively on fishing gear. These stores offer a wide range of specialized products and often have knowledgeable staff who can provide expert advice and guidance to customers. Fishing equipment can also be purchased through online retailers, including e-commerce giants like Amazon, Tackle Warehouse and FishUSA etc and specialty online retailers that focus exclusively on fishing gear. Online shopping offers convenience and a wider selection of products, and is increasingly popular among North American anglers. Some fishing equipment brands such as Penn, Berkley, Rapala and G.Loomis sell directly to consumers through their own websites or physical stores. This approach allows brands to control the customer experience and offer a wider range of products that may not be available through other channels.

Companies Mentioned in this Report:
Globeride Inc, Pure Fishing, Inc, Sea Master Enterprise Co., Ltd, Okuma Fishing Tackle Co., Ltd, Shimano Inc, Rapala VMC Corporation, St. Croix Rods, Cabela's LLC, O. Mustad & Son AS, Lew's Fishing Tackle, American Fishing Tackle Company (AFTCO), Tica Fishing Tackle Co., Ltd, Taylor Fly Fishing, LLC, Zebco Holdings, Inc

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

Aspects covered in this report
• North America 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 States
• Canada
• Mexico

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.