Global Sports Fishing Equipment Market Segmentation and Dynamics: Individual Consumers Occupies a Share of 66.73% in 2024

Global Sports Fishing Equipment Market Overview

According to Global Market Monitor, the global sports fishing equipment market size will be $11.43 billion in 2024 with a CAGR of 5.61% from 2024 to 2029.

Sports Fishing is also called recreational fishing. Because fishing can be commercial or non-commercial. Sports Fishing can be defined as fishing or attempting to fish for non-commercial purposes. Sports Fishing Equipment mainly refers to a series of equipment related to Sports Fishing, such as fishing rods and fishing lines, rods or hand-held fishing lines, fishing hooks and baits, and so on.

The rapid development of e-commerce promotes product sales.

For the Sports Fishing Equipment industry, the growing popularity of e-commerce retailers such as Amazon has promoted the development of the industry. This is mainly due to online channels that promote product sales. As shoppers become more accustomed to purchasing goods online and retailers fine-tune e-commerce operations to deliver products faster, the share of online e-commerce in total retail sales has increased year by year. Online e-commerce has broadened the sales channels of products due to its convenience and other features, thereby promoting the development of Sports Fishing Equipment.

Brand barriers

With the transformation of residents' consumption structure and consumption habits, people pay more attention to product quality and product brands in the consumption process. At present, after years of precipitation and long-term accumulation, the main brands in the Sports Fishing Equipment market have established a strict product quality control system and a strong product research and development system. In the process of continuous promotion of products and brands, these companies have finally won consumers' recognition of quality and trust in product brands. Once the corporate brand image is established, it will have better stickiness for consumers. Consumers will habitually consume well-known brand products. New entrants to build a well-known brand in a short period require not only a large amount of publicity expenses but also long-term accumulation. Therefore, the brand is one of the important barriers to entering the Sports Fishing Equipment industry.

By Type	Fishing Rods
	Fishing Reels and Lines
	Fishing Hooks and Lures
	The fishing rods segment holds the largest share.
By Application	Individual Consumers
	Clubs
	Sports Organizers
	The largest segment by application is the Individual Consumers, with a market share of 66.73% in 2024.

For more industry information, please refer to our latest released "2023 Global Sports Fishing Equipment Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".