Fishing Reels Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Canada, UK, Japan, Germany, India, Brazil, Italy, France - Size and Forecast 2025-2029

Fishing Reels Market Size 2025-2029

The fishing reels market size is forecast to increase by USD 1.76 billion, at a CAGR of 5.2% between 2024 and 2029.

• The market is experiencing significant growth, driven by the increasing popularity of recreational fishing and the rising demand for advanced, smart fishing reels. These reels incorporate digital technologies such as GPS, tablets, and smartphones to enhance the fishing experience. The use of materials like carbon fiber, graphite, stainless steel, and plastics in the production of fishing reels adds to their durability and functionality. Digital transformation is a key trend in the market, with e-commerce platforms and franchises offering a wide range of fishing reels for purchase. However, concerns related to the environmental impact of fishing and the potential for overfishing remain challenges for the industry. Overall, the market is expected to continue growing, driven by the demand for innovative and technologically advanced fishing equipment.

What will be the Size of the Fishing Reels Market During the Forecast Period?

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• The market encompasses a diverse range of products catering to various recreational fishing styles, including kayak fishing, niche fishing, fly fishing, ice fishing, saltwater surfcasting, and handheld fishing. This market exhibits strong growth, driven by the increasing popularity of fishing as a leisure activity and the expanding demographic of millennials entering the sport. Fishing reels come in various types, such as fixed and spinning reels, with materials like graphite and stainless steel used in their construction. Sustainability and eco-friendly materials are emerging trends, reflecting growing concerns for aquatic ecosystems.
• The market spans both freshwater and saltwater fishing, targeting game fish in various fisheries and on the gunwales of boats. Fly reels, baitcasting reels, and spinning reels each hold significant market share, with fly reels gaining traction due to their precision and versatility. Overall, the market is a dynamic and expanding industry that caters to the diverse needs of anglers worldwide.

How is this Fishing Reels Industry segmented and which is the largest segment?

The fishing reels industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Product Type
  • Spinning reel
  • Baitcasting reel
  • Spincast reel
  • Others
• Distribution Channel
  • Offline
  • Online
• Material
  • Aluminum
  • Stainless steel
  • Graphite
  • Carbon fiber
• End-user
  • Recreational fishing
  • Professional fishing
  • Commercial fishing
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

By Product Type Insights

• The spinning reel segment is estimated to witness significant growth during the forecast period.

The market is driven by the popularity of spinning reels, known for their versatility and user-friendly design. These reels, used extensively in recreational fishing, kayak fishing, niche fishing, fly fishing, ice fishing, and saltwater surfcasting, cater to various fishing types such as freshwater and saltwater applications. Technological advancements have led to the development of lightweight, corrosion-resistant materials, like graphite and stainless steel, enhancing reel performance. Advanced features, such as smooth drag systems and improved line management, have also gained traction in the market. The market's growth is further fueled by the increasing focus on sustainability and eco-friendly materials, as well as the growing interest in fishing as a leisure activity and digital platforms for sharing fishing skills and experiences among recreational anglers.

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The spinning reel segment was valued at USD 1.86 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

• North America is estimated to contribute 36% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market exhibits a strong demand, driven by the region's rich recreational fishing culture and diverse fishing types. Technological advancements, such as the integration of precise gears and durable materials like carbon fiber, are key market growth drivers. Notably, bass fishing's popularity rise has led to increased demand for baitcasting reels. Additionally, fly fishing's growing popularity has fueled the demand for specialized fly reels. Sustainability and eco-friendly materials are becoming increasingly important in the market, with a focus on minimizing the impact on aquatic ecosystems.

Handheld fishing, whether from the shore, kayaks, or gunwales of boats, remains a popular leisure activity. Fishing tackle, including fishing rods and lines, is an essential component of the market. Digital platforms and angling tournaments provide opportunities for recreational anglers to enhance their fishing skills and connect with peers. Emerging brands and franchises are also making their mark in the market, offering innovative fishing tackle solutions. The market's concentration level requires a high level of patience and concentration from anglers, as they wait for the perfect catch.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Fishing Reels Industry?

Recreational fishing gaining traction is the key driver of the market.

• The market experiences significant growth due to the increasing popularity of recreational fishing as a leisure activity. Factors driving this trend include the rise in outdoor activities as individuals seek socially distanced pursuits and the growing number of urban dwellers seeking connection with nature. Kayak fishing, niche fishing, fly fishing, ice fishing, saltwater surfcasting, and other fishing types attract recreational anglers worldwide. Sustainability and eco-friendly materials are becoming essential considerations, with a focus on preserving aquatic ecosystems. Fishing tackle, including fishing rods, reels, and lines, is in high demand. Fishing skills are also gaining importance, with emerging brands and franchises catering to anglers of all levels.
• The market offers a range of fishing reels, including handheld spinning reels, fixed fishing reels, and gunwales of boats. Material quality, such as graphite and stainless steel, is a crucial factor in choosing the right reel for different fishing types, whether it's freshwater or saltwater fishing for game fish. Fishing tournaments and professional anglers further fuel the market's growth, with spinning reels, fly reels, and baitcasting reels catering to various fishing styles. The fishing industry's global expansion contributes to the blue economy, creating opportunities for recreational activities and job growth. Concentration and patience are essential fishing skills, making the use of high-quality fishing reels an essential investment for anglers.

What are the market trends shaping the Fishing Reels Industry?

Rising demand for smart fishing reels is the upcoming market trend.

• The market is experiencing growth due to the integration of advanced technology in recreational fishing equipment. Smart fishing reels, featuring Bluetooth connectivity and Global Positioning System (GPS) monitoring, are gaining popularity among tech-savvy anglers. These innovative reels enable users to connect to their smartphones or tablets for real-time environmental and weather updates, as well as insights into fish behavior. With GPS monitoring, fishing sites can be precisely marked and mapped, enhancing navigation and increasing catch rates. For example, the Abu Garcia Virtual Fishing Reel offers Bluetooth connectivity, providing anglers with valuable information to enhance their fishing experience.
• The market expansion is driven by the desire for improved fishing skills, sustainability, and eco-friendly materials. Anglers prioritize preserving aquatic ecosystems and seek fishing tackle made from high-quality, durable materials such as graphite and stainless steel. The market caters to various fishing types, including recreational fishing, kayak fishing, niche fishing, fly fishing, ice fishing, saltwater surfcasting, and more. Fishing skills, concentration level, and patience are essential factors for both amateur and professional anglers. New fishing techniques and emerging brands continue to enter the market, offering a diverse range of fishing tackle and angling tournaments for enthusiasts.

What challenges does the Fishing Reels Industry face during its growth?

Concerns related to fishing are a key challenge affecting the industry growth.

• The market is influenced by the growing emphasis on sustainability and the use of eco-friendly materials in recreational fishing. With increasing awareness of the importance of preserving aquatic ecosystems, there is a shift towards fishing practices that minimize harm to fish populations and their habitats. This trend is particularly noticeable in niche fishing segments such as kayak fishing, fly fishing, and ice fishing. Recreational anglers, both amateur and professional, are seeking high-quality fishing tackle, including fishing rods, spinning reels, baitcasting reels, and fishing lines, that enable them to improve their fishing skills. The market is diverse, catering to various fishing types, such as saltwater surfcasting and freshwater fishing, and game fish preferences.
• Stricter regulations on fishing seasons, areas, and catch limits in response to overfishing have led to changes in market dynamics. For instance, the demand for salmon-specific fishing reels has been affected by the tightening of laws on salmon fishing due to declining populations in North America and Europe. Emerging brands and franchises are entering the market, offering innovative fishing tackle solutions and angling tournaments to attract recreational anglers. The use of advanced materials like graphite and stainless steel in the manufacturing of fishing reels enhances their durability and performance, making them popular among anglers. Digital platforms provide a convenient avenue for anglers to access fishing information, connect with other fishing enthusiasts, and purchase fishing tackle online.

Exclusive Customer Landscape

The fishing reels market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the fishing reels market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, fishing reels market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Cixi Dongshang Fishing Tackle Co. Ltd. - The company offers fishing reels such as NF best crappie reel, DSB deep sea reels and KMA reels.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• BPS Direct LLC
• Eposeidon Outdoor Adventure Inc.
• GLOBERIDE Inc.
• Jiu Yu Fishing Tackle Co. Ltd.
• L.L. Bean Inc.
• Nanjing Honor Fishing Gear Ltd.
• Newell Brands Inc.
• NINGBO ETDZ HOLDINGS LTD.
• NingBo HaiBao fishing tackle co. Ltd.
• OKUMA FISHING TACKLE Co. Ltd.
• Pure Fishing Inc.
• Rather Outdoors Corp.
• Rhythm Inc.
• SHIMANO INC.
• Super Retail Group Ltd.
• SureCatch World Pte Ltd.
• The Orvis Co. Inc.
• TICA FISHING TACKLE
• Weihai Ecooda Outdoor Products Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market encompasses a diverse range of angling practices, including kayak fishing, niche fishing, fly fishing, ice fishing, saltwater surfcasting, and more. Sustainability and eco-friendliness have become increasingly important considerations for recreational anglers, leading to the use of aquatic ecosystem-friendly materials in fishing reels and other tackle. Handheld fishing reels, available in both fixed and handheld designs, have gained popularity among recreational anglers for their convenience and ease of use. Fishing rods, an essential companion to any reel, come in various materials such as graphite and stainless steel, catering to different fishing types and environments. Fisheries and recreational activities continue to thrive as leisure pursuits, with digital platforms playing a significant role in connecting anglers and expanding their knowledge base.

The Fishing Reels Market is a dynamic and competitive industry, with a growing emphasis on online distribution and doorstep delivery. Ecommerce websites have become a popular choice for anglers seeking convenience and a wide selection of reels. Online stores offer various advantages, including easy returns, exchange options, and discounts. Advanced technology features, such as carbon fiber frames and stainless steel reels, are increasingly sought after by competitive sport fishermen. Specialty stores cater to specific fishing styles and offer expert advice on lure throws and eco-friendly materials. Offline distribution through sporting goods stores remains a significant portion of the market, providing a tactile shopping experience and personalized customer service. Refund and exchange policies are essential considerations for both online and offline retailers, ensuring customer satisfaction.

The Fishing Reels Market is also evolving to address environmental concerns, with an increasing focus on using environmentally friendly materials in reel production. This trend is expected to gain momentum as consumers become more conscious of their impact on the environment. The Market is a diverse and dynamic industry, characterized by advanced technology, eco-friendly products, and various distribution channels, including online and offline stores. Anglers can now choose from a wide range of options, ensuring they find the perfect reel for their fishing needs and preferences.

Further, emerging brands and franchises have entered the market, offering innovative solutions and challenging established manufacturers. Material quality remains a critical factor in the selection of fishing reels, with professional anglers and angling tournaments driving demand for high-performance products. Spinning reels and baitcasting reels, two popular types, cater to different angling styles and require varying degrees of concentration and patience levels. The global fishing market, a significant contributor to the blue economy, continues to evolve, with new fishing techniques and technologies emerging. Anodizing techniques have gained traction in the manufacturing industry, enhancing the durability and appearance of fishing reels.

The Fishing Reel Market is a significant segment of the competitive fishing industry, showcasing innovation, growth, and diverse offerings. This market encompasses various types of fishing reels, including spincast, compact, and customized products catering to diverse fishing experiences and techniques. The Fishing Reel Industry's market growth is driven by increasing fishing events, market trends, and demand for advanced features such as fishing reel control, warranty, and distribution. Brands like Shimano, Penn, and Daiwa dominate the market share with their high-performance reels and extensive fishing reel sales. Fishing Reel Market Forecast indicates a CAGR of over 3% from 2022 to 2027. Fishing market analysis reveals that fishing reel trends include logistic sector disruption, fishing reel repair, and regulations. Fishing for children and fishing supplies are also growing segments, with a focus on creating accessible and safe fishing experiences for kids.

Fishing Reel Market segments include freshwater, saltwater, and fly fishing. Spincast reels are popular for beginners due to their ease of use, while compact reels offer portability for anglers on the go. Fishing reel industry developments include advanced materials, improved fishing reel parts, and fishing reel repair services. Fishing Reel Techniques and Fishing Trends continue to evolve, with an emphasis on sustainability, accessibility, and technological advancements. Fishing Reel Regulations and Industry Impact are crucial factors shaping the future of the market. Overall, the Fishing Reel Market is a dynamic and exciting industry that continues to innovate and grow.

In addition, the market is witnessing significant growth driven by sustainable fishing practices and increasing demand for eco-friendly fishing reels. With advancements in fishing reel technology, manufacturers are focusing on improving fishing reel durability, maneuverability, and control to enhance the fishing experience. Fishing reel innovation includes the introduction of graphite reels, aluminum reels, and lightweight reels, catering to various segments like women anglers and kids fishing. The market also benefits from specialty fishing stores, offering customized fishing reels and fishing reel accessories. Fishing reel maintenance and repair services contribute to fishing reel durability. Moreover, fishing reel reviews and fishing reel comparison provide valuable insights for consumers. The focus on biodegradable materials, recycled components, and ergonomic design promotes fishing reel sustainability while addressing the growing concern for fishing reel ethics.

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What are the Key Data Covered in this Fishing Reels Market Research and Growth Report?

• CAGR of the Fishing Reels industry during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2025 and 2029
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the fishing reels market growth of industry companies

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