Global Fishing Lures Market Growth 2023-2029

Global Fishing Lures Market Growth 2023-2029

A fishing lure is a type of artificial fishing bait which is designed to attract a fish's attention. The lure uses movement, vibration, flash and color to bait fish. Many lures are equipped with one or more hooks that are used to catch fish when they strike the lure. Some lures are placed to attract fish so a spear can be impaled into the fish or so the fish can be captured by hand. Most lures are attached to the end of a fishing line and have various styles of hooks attached to the body and are designed to elicit a strike resulting in a hookset. Many lures are commercially made but some are hand made such as fishing flies. Hand tying fly lures to match the hatch is considered a challenge by many amateur entomologists.
LPI (LP Information)' newest research report, the “Fishing Lures Industry Forecast” looks at past sales and reviews total world Fishing Lures sales in 2022, providing a comprehensive analysis by region and market sector of projected Fishing Lures sales for 2023 through 2029. With Fishing Lures sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fishing Lures industry.
This Insight Report provides a comprehensive analysis of the global Fishing Lures landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fishing Lures portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fishing Lures market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fishing Lures and breaks down the forecast by type, by distribution channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fishing Lures.
The global Fishing Lures market size is projected to grow from US$ 2813.8 million in 2022 to US$ 4092.7 million in 2029; it is expected to grow at a CAGR of 4092.7 from 2023 to 2029.
Global key players of Fishing Lures include Rapala VMC Corporation, Shimano, Globeride(Daiwa), Pure Fishing, Inc, and DUEL CO., Inc., etc. Top five players occupy for a share about 25%. North America is the largest market, with a share about 41%, followed by Japan and Europe. In terms of product, Freshwater Fishing Lures is the largest segment, with a share over 63%. In terms of Distribution Channel, Fishing Supply Stores is the largest market, with a share over 31%.
This report presents a comprehensive overview, market shares, and growth opportunities of Fishing Lures market by product type, distribution channel, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Freshwater Fishing Lures
Saltwater Fishing Lures
Segmentation by distribution channel
Fishing Supply Stores
Sports Outlets
Online Retail
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Rapala VMC Corporation
Shimano
Globeride(Daiwa)
Pure Fishing, Inc
DUEL CO., Inc.
Johshuya Co.
Pokee Fishing
Cabela's Inc. (Bass Pro Shops)
Eagle Claw
Tiemco
Clam Outdoors
WeiHai LiangChen Product
Weihai Qingdong Fishing Tackle (Kingdom)
Key Questions Addressed in this Report
What is the 10-year outlook for the global Fishing Lures market?
What factors are driving Fishing Lures market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Fishing Lures market opportunities vary by end market size?
How does Fishing Lures break out type, distribution channel?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.