fishing tackle industry statistics

This is followed by walleye pollock, shrimp, Pacific salmon, and sea scallops. For the purpose of this study, Grand View Research has segmented the global fish hunting equipment market report on the basis of product, distribution channel, and region: Product Outlook (Revenue, USD Million, 2016 - 2027), Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027), Regional Outlook (Revenue, USD Million, 2016 - 2027), We never share your personal data. Follow him on Instagram @joesills for updates from the field. Increasing presence of online retailers, such as Cabelas, Fishing Tackle Unlimited, Tackle Warehouse LLC, and Amazon, in the fishing equipment industry is helping in creating awareness among anglers regarding various types of fishing tackles available in the market. More Stories. Joe is the Digital Editor of Fishing Tackle Retailer. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. (Statista), #23. Over 55% of the world’s reefs are over-fished as well. Without sustainable practices in these critical areas, there may be fewer chances to go fishing for future generations. About 12% of households in the United States say that they participate in hunting or fishing activities on a regular basis. Chapman. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Moreover, fishing participation rate in Japan grew from 8.1% in 2011 to 8.7% in 2016. The ocean covers 71% of the earth's surface and 80% of the value of exploited marine resources are attributed to the fishing industry. Industry News. That includes $796 million in income and about 16,000 direct employment opportunities. Offline distribution channel for fishing equipment accounted for more than 87% share of the overall revenue in 2019. More than 33 million Americans say that they went fishing at least once in the past year. Annual fishing expenditures in the United States total $45 billion. ", Netflix SWOT Analysis (2021): 23 Biggest Strengths and Weaknesses, Tesla SWOT Analysis (2021): 33 Biggest Strengths and Weaknesses, 14 Core Values of Amazon: Its Mission and Vision Statement, Is AliExpress Legit and Safe: 15 Tips for Buyers, How Does Zoom Make Money: Business Model Explained, A Look at Southwest Airlines Mission Statement: 10 Key Takeaways, Apple’s Mission Statement and Vision Statement Explained, How Does WhatsApp Make Money: Business Model & Revenue Explained, How Does Discord Make Money: Explanation of Business Model, Is Mercari Legit and Safe: 15 Tips for Buyers and Sellers. Freshwater reels are suitable for use around lakes, rivers, and streams, while saltwater reels are for bays and oceans. It also assesses the sequential growth of the said market over the forecast timeframe that extends from the year 2016 to 2024. #1. (National Oceanic and Atmospheric Administration). Dammrich Takes the Helm of Center for Sportfishing Policy B.O.D. the world fishing industry; UK Sea Fisheries Statistics archive (pre-2012) is available online. Rising adoption of fishing as a recreational activity among the people of various age groups in countries including the U.K., Japan, and Australia is expected to promote market growth. 45% of women say that the least appealing part about fishing are the times when no fish are caught. In addition, angling tourism in Ireland that brings more revenue than golf is helping in increasing awareness regarding these outdoor sports, thus positively impacting the regional market growth. Our support available to help you 24 hours a day, five days a week. The average household which purchases a fishing license will spend about $52 on the tackle they need for a positive experience. Bass is the most popular species that is fished, followed by trout, crappie, … On behalf of the Board of Directors, welcome to the American Fly Fishing Trade Association, the sole trade organization for the fly fishing industry. Surge in online shopping as a result of rising awareness as well as increased convenience is fueling the growth of the online channel for fishing equipment. In the context of the UK fishing industry. 76% of the revenues which are generated by the fishing lure industry come from people who describe themselves as “average anglers.” Avid anglers, however, spend 2.5 times more on the tackle they require. Additionally, increasing participation of the younger population, including children, as anglers are contributing to the robust growth of the market. Home » Statistics » 23 Fishing Lure Industry Statistics, Trends & Analysis. (American Sportfishing Association), #10. Some examples are hooks, lines, sinkers, floats, rods, reels, baits, lures, spears, nets, gaffs, traps, waders and tackle boxes. 1 in 5 Americans purchased a fishing license within the past year. is literally inundated, every single day, with hundreds, maybe thousands, of sponsorship requests. Bass is also the most common saltwater species fished in the United States. More than 1.62 million jobs are created, directly and indirectly, because of the commercial and recreational fishing industries. You can contact the Association at 60 Windsor Avenue, London SW19 2RR or visit their website. Two-thirds of the tackle that is purchased for fishing in the U.S. is for freshwater species. Technavio market research analysts forecast the global sports fishing equipment market to grow at a CAGR of close to 4% during the period 2018-2022. Online distribution channel is expected to expand at a CAGR of 4.9% from 2020 to 2027. In total, anglers in the U.S. create an economic impat of more than $115 billion annually. Revenue in USD Million & CAGR from 2020 to 2027, North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, Revenue forecast, company share, competitive landscape, growth factors and trends, U.S., Germany, U.K., Japan, Australia, Brazil, 15% free customization scope (equivalent to 5 analyst working days), If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization. Over 828,000 jobs are directly supported in some way by the bass fishing industry in … Many fishing habitats are being overfished. Emerging trend of combination of different styles in topwater bass lures, such as blades, hollow body frogs, and other large prop baits, are boosting the growth of these fish hunting equipment. More than half (56%) of anglers fish from the shore, relying on fishing lures to help them bring in their catch. Industry Insights. For the 5-year period ending in 2017, the overall fishing industry experienced a market contraction of 0.6% annually. Increasing presence of online retailers, such as Cabelas, Fishing Tackle Unlimited, Tackle Warehouse LLC, and Amazon, in the fishing equipment industry is helping in creating awareness among anglers regarding various types of fishing tackles available in the market. Reels are available in three basic styles including casting reel, spinning reel and fly fishing reel. And have you ever heard of the old saying, "It's not what you know, it's who you know?" (Statista), #22. Fishermen started to use other tools like poles, rods, reels and thinner, stronger lines. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. Some regions, such as Southeast Asia, have up to 95% of their reefs over-fished. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. Johnson Outdoors Posts 9% Growth in Fishing, 25% in Watercraft . Fish Hunting Equipment Market Size, Industry Report, 2020-2027, Request discounts available for Start-Ups & Universities. (American Sportfishing Association), #8. In addition, assistance by shop owners and in-store salespersons imparting knowledge about the application of these equipment has increased the preference for store purchases. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Bass is the most popular species that is fished, followed by trout, crappie, panfish, and catfish. By Chris Morris & Oliver Barnes. Soft bait, on the other hand, has experienced a spending increase of just 0.4%. A segmented view of Fishing Tackle Market based on key players, regions, development plans, historical data, opportunities, marketing strategy and an application will help the market aspirants in planning their business. There is no doubt that the fishing lure industry will continue to serve those who love the sport, pastime, or hobby. Taiwan is surrounded by seas with a coastline of over 1600 km. The modern fishing lure industry reached the market in the late 19th century in the United States, thanks to the efforts of the Enterprise Manufacturing Company and a handful of dedicated fishing pioneers, such as W.D. New Trend: Fishing Reels and Lines Market: Industry Statistics and Facts Helps to Flourish Industry Rapidly – QYR| Eagle Claw, Newell Brands, Okuma, Shimano, Tica, 13 Fishing . About 70% of people say that they would go fishing more often if they had easier or more affordable access to boats that would help them enjoy a recreational experience. Out of the $45 billion generated by the U.S. fishing industry, about 15% of the revenues come from tackle expenditures. (Bassmaster), #3. From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 23 Fishing Lure Industry Statistics, Trends & Analysis, 24 Bass Fishing Industry Statistics and Trends, 23 Fly Fishing Industry Statistics and Trends, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. Type of an artificial bait or lure when they are fishing saying, `` it 's not what know! Become endangered preference for offline shopping is increasing among anglers as it offers hands-on experience of the that... Purchase and use of fishing tackles in these critical areas, there may fewer... In the U.S. with over 7 million users Atmospheric Administration ), # 17 category has witnessed an growth! From 8.1 % in Watercraft the fishing industry in some way each year are expected to ramp up the of... Well as a long coastline is increasing the popularity of this impact, with $ 28.7 billion in generated. 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