The fishing equipment market in North America is expected to grow from US$ 6,961.44 million in 2021 to US$ 9,413.77 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.
Fishing tourism includes fishing, cultural sharing with local anglers, and learning about traditions and lifestyles. Fishing tourism is partly a subgroup of marine ecotourism which emphasizes outdoor recreational purposes. Non-crew (i.e., tourists) can fish with the crew. Professional fishers generally carry out activities related to fishing tourism, and they use well-equipped boats and equipment necessary for fishing to ensure general safety and hygiene. All states strive to promote tourism, including recreational fishing, for economic development. Measures have been taken to promote and improve the quality of fishing tourism. Through training and development programs, Fishermen are motivated and are endowed with the skills necessary to provide tourists with quality tourism services.
North America is one of the worst affected economies due to the COVID-19 pandemic. The US recorded the highest number of confirmed COVID-19 cases among all key countries in North America. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the fishing equipment market. However, in the US and Canada, there was minimal government action to restrict fishing activity, which was coupled with active campaigns to promote recreational fishing, leading to an increase in fishing equipment sales. Along with this, there was a sustained fishing activity due to the majority of anglers in the US and Canada considering recreational fishing to be a safe activity during a pandemic. As the vaccination campaigns are being carried out, recreational fishing is on the rise in North America, which is having a positive impact on the fishing equipment market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America fishing equipment market. The North America fishing equipment market is expected to grow at a good CAGR during the forecast period.
North America Fishing Equipment Market Revenue and Forecast to 2028 (US$ Million)
North America Fishing Equipment Market Segmentation
North America Fishing Equipment Market – By Type
- Fishing Rods
- Nets and Traps
- Hooks, Reels
- Fishing Line
- Sinkers
- Others
North America Fishing Equipment Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
North America Fishing Equipment Market, by Country
North America Fishing Equipment Market - Companies Mentioned
- AFTCO
- Daiwa; Decathlon SA
- Decathlon SA
- Eagle Claw Fishing Tackle Co.
- Okuma Fishing Tackle Co. Ltd.
- Pure Fishing Inc
- Rapala VMC Corporation
- Shimano Inc.
- Tica Fishing Tackle
- Weihai Guangwei Group Co., Ltd.