According to a recent report by The Insight Partners, the global Fishing gear market is expected to reach US$31,835.53 million by 2028, growing at a CAGR of 4.2% over the forecast period. Recreational fishing, also often known as sport fishing, is fishing for fun or competition that is done with various tackle such as rods, reels, line, hooks and various lures. Fishing gear is in high demand due to the increase in fishing activities around the world.

Europe accounted for the largest revenue share of the global fishing tackle market in 2020. European countries are experiencing an upswing owing to the growth of sports and leisure activities, which is likely to drive the market growth over the forecast period. Utilizing e-commerce as a direct selling platform is one of the tactics used by numerous companies and organizations to raise awareness of their product offerings to target customers through e-commerce channels such as Amazon, Cabelas, Tackle Warehouse LLC, and Fishing Tackle Unlimited . Hence, market players operating in the region are focusing on strategies such as R&D and expansion. This is expected to further contribute to the growth of the fishing gear market.

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Report Spotlights

• Progressive industry trends in the global Fishing Equipment Market to help players develop effective long term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global fishing equipment market from 2019 to 2028
• Estimating the demand for fishing gear in different industries
• Recent developments to understand the competitive market scenario and demand for Fishing Equipment
• Market trends, outlook and factors driving and inhibiting the growth of the Fishing Equipment market
• Decision-making process by understanding strategies that underpin commercial interests related to global fishing gear…