Global fishing hook Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global fishing hook Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A fishing hook is a tool used to hang bait when fishing to attract fish to bite. There are many types of fishing hooks, including stainless steel, carbon material and alloy steel, and there are many different sizes and models. A fishing hook consists of six parts: the handle, the hook handle, the hook bend, the hook tip, the hook door, and the hook bottom. Each part has its own specific function and is an essential tool for fishing. According to the number of hooks, fishing hooks are divided into single hooks, double hooks and triple hooks. Single hook and double hook have their own advantages during use. If there are many obstacles such as aquatic plants and branches in the fishing area, a single hook is more suitable. Double hooks can hang double baits to increase the chance of fish swallowing. At the same time, double hooks also have more advantages when fishing for different fish species.

Market Overview:

The latest research study on the global fishing hook market finds that the global fishing hook market reached a value of USD 71.26 million in 2023. It’s expected that the market will achieve USD 93.63 million by 2029, exhibiting a CAGR of 4.66% during the forecast period.

In recent years, with the continuous improvement of residents' living standards, fishing leisure activities have become more and more popular, and the number of participants in the fishing tackle market continues to increase. There are many brands in the fishing hook industry, and there are great similarities between the products of these brands, so competition is relatively fierce. In addition, many brands already have a certain market share and brand loyalty. Some leading companies occupy a certain share in the market, so their competitiveness is relatively strong and there is a certain competitive relationship between them. At the same time, the rapid growth of the domestic fishing hook market has brought huge market growth space. Under the same market environment, companies that can seize opportunities develop rapidly, while some companies cannot withstand the test of the market and will inevitably undergo consolidation or development. Difficulties, operations are unsustainable. To sum up, there is a certain amount of competition in the fishing hook industry. In order to improve competitiveness, companies need to continuously improve product quality, strengthen brand promotion and marketing, and at the same time make appropriate optimizations in terms of price and channels.

Fishing activities develop with younger people

Fishing is a gentler sport that has many benefits for people's physical and mental health. In the past, seniors were the main demographic for fishing activities. After retirement, many elderly people are keen on fishing on the banks of rivers, streams, rivers, ponds and reservoirs. For the elderly, fishing is beneficial to their physical and mental health, exercising their muscles and bones, and many other benefits.

However, in recent years, fishing activities have become younger and the number of young fishing enthusiasts has been increasing. In China, according to incomplete statistics from the China Fisheries and Fishing Association, there are approximately 140 million fishermen in China every year (who participate at least 4 times a year). Fishing enthusiasts under the age of 18 account for 13% of the total in China, and those between 18 and 24 years old account for 13% of the total. 10%, 25 to 45 years old account for 46%, and these figures continue to grow every year.

One of the reasons for the increasing number of young fishing enthusiasts is that due to the high intensity of daily work and the pace of life, more young people are eager to enjoy a slow life in their spare time. Fishing as a leisure sport can relieve young people's inner anxiety caused by work pressure.

For fishing enthusiasts, fishing hooks are an essential tool for fishing. Currently, there are many types of fishing hooks, and products of different sizes, materials, and hook types can meet the needs of diverse scenarios. Therefore, as fishing activities become younger and the number of fishing enthusiasts continues to increase, the market demand for fishing hooks continues to increase. The youthful development of fishing activities is one of the opportunities for industry development.

Region Overview:

From a regional perspective, Europe, Asia Pacific, and North America are the three largest revenue markets. In 2023, Europe, Asia Pacific, and North America will reach 31.95%, 25.41%, and 37.35% respectively. At present, the global fishing hook market is still in the mature stage of the industry, some technologies and industrial chains are being improved, and the current market concentration is not low.

Company Overview:

Gamakatsu

Gamakatsu® is Japan's and the world's leading manufacturer of fish hooks. Gamakatsu® continually tests new materials and strives to improve its products, which have set standards for other industries. After the establishment of Gamakatsu® USA, Inc. in 1992, Gamakatsu® brand hooks were sold to the U.S. market, and subsequently Gamakatsu's official and exclusive Gamakatsu® products were used and purchased worldwide. With offices around the world and an ongoing commitment to excellence, Gamakatsu® continually researches global markets and develops unique products to meet the needs of the most demanding anglers. Agent SPRO was established in the Netherlands in 1994 to serve the European market.

Mustad Fishing

Mustad Fishing Company is a fishing tackle manufacturing company. Over the years, the company has expanded its product range to meet the various needs of modern fishermen. The Mustad brand is currently present in more than 160 countries and covers all areas of sport fishing as well as industrial and traditional fishing.

Segmentation Overview:

The main subdivision types of fishing hook products are single hooks, double hooks and triple hooks. Among them, single hook fishing hooks will occupy a larger market size in 2023, accounting for 78.61%. In the future, the global fishing hook market has broad prospects and investment potential.

Application Overview:

The fishing hook industry can be divided into online sales and offline sales according to application. From the perspective of application fields, offline sales are the largest application market, with the market sales share reaching 78.19% in 2018 and 68.60% in 2023. In 2023, the offline sales market share will be 31.40%.

Key Companies in the global fishing hook market covered in Chapter 3:

Daiichi (Ranger Outdoors)
Gamakatsu
Owner Hooks
Changming fishing tackle limited company
TIEMCO
Mustad Fishing
Rapala VMC
Kumho Fishing Tackle
Hayabusa
Eagle Claw
BKK Hooks

In Chapter 4 and Chapter 14.2, on the basis of types, the fishing hook market from 2019 to 2030 is primarily split into:

single hook
double hook
triple hook

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the fishing hook market from 2019 to 2030 covers:

Offline sales
online sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)