2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of theFishing Reels Market?

The rising trend of seafood consumption, especially fish, is anticipated to boost the expansion of the fishing reel market. When individuals include fish and other seafood in their diet, it is referred to as fish consumption. The aim of using fishing reels, which are crafted to enable the angler to effectively hook, struggle with, and successfully land fish, is to catch fish. For example, the Department of Agriculture, Fisheries and Forestry, a government organization based in Australia, revealed in December 2023 that Australians ingested around 350,000 tonnes of seafood in 2021-22, averaging 13.8 kilograms per person. Concurrently, the total export value of fishery and aquaculture products saw an increase of 2%, amounting to $1.28 billion. Hence, the growing trend of consuming fish is contributing to the expansion of the fishing reel market.

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#What is the Projected CAGR for the Fishing Reels Market Size from 2025 to 2034?

The market for fishing reels has seen significant expansion in the past years. Expanding from a value of $5.68 billion in 2024, it’s projected to reach a value of $5.99 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. The driving forces behind this growth during the historical period have been the surge in recreational fishing, broadening of fishing tourism, upscaling of fishing tournaments, the proliferation of e-commerce platforms, and the increasing popularity of fly fishing.

Expectations for the fishing reels market predict a significant surge in the coming years, with a projected growth to $7.48 billion by 2029 and a compound annual growth rate (CAGR) of 5.7%. This anticipated growth during the forecast period is likely to result from an escalating emphasis on lightweight design, increasing demands for specialized reels for various species, shifts in regulations for environmental preservation, customization and personalization trends, and the emergence of compact, easy-to-carry reels. Key future trends in the period include gear technology innovation, progress in material use, technological progression in drag systems, practices for sustainably fishing, incorporation of smart technology, designs that are both eco-friendly and sustainable, and the integration of artificial intelligence for fishing assistance.

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What Key Market Trends and Innovations Are Shaping the Future of theFishing Reels Industry?

A significant trend gaining ground in the fishing reels market is product innovation. Leading firms in this market are concentrating their efforts on creating unique products and solutions to maintain their competitive edge. For example, Shimano Inc., a Japanese bicycle firm, unveiled the Curado 200 M, an innovative low-profile baitcasting fishing reel, in July 2023. The Curado 200 M is an essential accessory for bass anglers who use heavy lines and lures. Thanks to its state-of-the-art features and superior performance, it’s a durable product. The Curado 200 M boasts enhanced line capacity, all due to the MagnumLite (MGL) Spool III from Shimano that reduces start-up inertia. There’s also the inclusion of SilentTune technology to reduce spool noise during casting. Plus, precision casting is made possible by SVS Infinity braking technology allowing for dependable spool regulation and brake force alterations, even in tough situations or when changing baits.

Which Companies Are Leading the Charge in Expanding theFishing Reels Market Growth?

Major companies operating in the fishing reels market include Shimano Inc., G. Loomis, L.L.Bean Inc., Pure Fishing Inc., Weihai Guangwei Group Co. Ltd., Hardy & Greys Limited, Penn Fishing Tackle Manufacturing Co., Hatch Outdoors, E.A. Pflueger Company, Quantum Fishing, Okuma Fishing Tackle Corp., Lew’s Fishing, Sage Fly Fishing, ABU Garcia, Daiwa Corporation, Accurate Fishing, Jiuyu Fishing Tackle Co. Ltd., Avet Reels, Galvan Fly Reels, Nautilus Reels, Echo Fly Fishing, Islander Reels, Eposeidon Outdoor Adventure Inc, Lamson, Loop Tackle Design, NingBo HaiBao Fishing Tackle Co. Ltd., Ross Reels, Zebco Brands

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How is the Global Fishing Reels Market Segemented?

The fishing reels market covered in this report is segmented –

1) By Product Type: Spinning, Spin-Cast, Fly Reel, Baitcasting, Other Products

2) By Material: Aluminum, Graphite, Stainless Steel, Other Materials

3) By Fishing Type: Freshwater Fishing, Saltwater Fishing

4) By Reel Mechanism: Anti-Reverse Reel, Direct-Drive Reel

5) By Distribution Channel: Modern Trade, Outdoor Sport Stores, Online Sales, Other Distribution Channels

Subsegments:

1) By Spinning: Light Spinning Reels, Heavy-Duty Spinning Reels

2) By Spin-Cast: Closed-Face Spin-Cast Reels, Open-Face Spin-Cast Reels

3) By Fly Reel: Single-Action Fly Reels, Multiplying Fly Reels

4) By Baitcasting: Low-Profile Baitcasting Reels, Round Baitcasting Reels

5) By Other Products: Trolling Reels, Electric Reels

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Which Geographics are Influencing the Growth of the Fishing Reels Market?

North America was the largest region in the fishing reels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fishing reels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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