The fishing
equipments can be segmented into following product
categories: reels and poles, rods, lures, fishing lines, flies &
baits, hooks, tackle boxes, tools & pliers, rigs, sinkers,
tippets & swivels. The fishing techniques include angling,
trolling, long line fishing and snagging. Depending upon the
technique of fishing various appropriate tools have been developed.
Globally fishing is a large market and continues to grow at a rapid
pace. Increasing population has its own demands for food products and
fish & fish products form a large segment in people’s food
habit worldwide.
All major regional
market segments including North America, APAC, Europe and RoW have a
large market for fishing tools. Fish consumption has been going up
globally due to increasing population and also increase in
non-vegetarian diet trend. Increase in disposable income and rapid
growth in emerging markets especially in APAC have stimulated
spending culture in the retail markets, contributing in the constant
surge of fishing equipment and other leisure products markets.
Increasing expenditure by millions of anglers globally and taxes
collected on fishing and motorboat fuel are contributing
significantly in supporting fisheries conservation and fish
recreational programs. Fishes also provide oils that are beneficial
from nutritional point of view and can be used medicinally. These
form the major drivers for the fishing equipment market. The
opportunities for global fishing equipment market lie in tapping the
unorganized fishing sector which barely utilize the local substandard
products and growing interest of enthusiasts in fishing for
recreational purpose.
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Some of the Key
Players in this market are AFTCO
Mfg. Co., Inc., Arcom International, Berkley, Bass Pro Shops,
Cabela's Inc., Daiwa Corporation, Buck's Bags, Castaic Soft Bait,
Inc., Fenwick, Eppinger Mfg. Co., Gamakatsu Co., Ltd., Grandt
Industries, Gibbs/Nortac Fishing, Inc., Hagen's, Diamondback fly
Rods, Hedron, Inc., Jarden Corporation, K2 Inc., Penn Fishing Tackle
Manufacturing Company, Jim Teeny Inc., Lureflash International Ltd.,
Rome Specialty Company, Rapala VMC Corporation, Pure Fishing, Storm
Lures Corporation, Sea Master Enterprise Co. Ltd.
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