In total, tackle brings in about $6 billion in retail sales each year. Post author By [email protected] Post date July 21, 2020; LOS ANGELES, United States: QY Research has recently published a report, titled “Global Fishing Reels and Lines Market Research Report 2020“. (American Sportfishing Association), #10. Fly Fishing Retailers” was prepared by Southwick Associates , Inc., and it gives us a clearer picture of the state of the market than we have had in many years. More Stories. He is a contributor to Bassmaster Magazine, Forbes, National Geographic, Lonely Planet and the Travel Channel. Almost any equipment or gear used for fishing can be called fishing tackle. and barriers of participants, the fishing industry can better reach America’s youngest citizens to nurture a new generation of fishing enthusiasts . Growing consumer preference for outdoor recreational activities, such as fish hunting, owing to growing millennial participation and urbanization is driving the market for fish hunting equipment. Industry News. Specialty stores dominated the offline channel segment due to availability of a large variety of fishing tackles in these stores. We are in compliance with GDPR & CCPR norms. (National Oceanic and Atmospheric Administration), #24. Furthermore, growing digital entrepreneurship is helping to increase awareness regarding sport fishing among consumers through social media. (American Sportfishing Association), #14. Updated statistics from the UK's Marine Management Organisation on the UK fishing sector show that UK vessels landed 724 thousand tonnes of sea fish in 2017, with a value of £980 million. 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 than 33 million Americans say that they went fishing at least once in the past year. For instance, Cotton Cordell Pencil Popper is a new version of the Pencil Popper for a variety of inshore fish hunting. Out of the $45 billion generated by the U.S. fishing industry, about 15% of the revenues come from tackle expenditures. Find industry analysis, statistics, trends, data and forecasts on Tackle Shops in the US from IBISWorld. Dammrich Takes the Helm of Center for Sportfishing Policy B.O.D. About 41 000 people in Spain worked in the fishing industry in 2017, with a further 29 000 people in Italy, 21 000 people in Greece and 20 000 people in France. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. Over 30% of the world’s fisheries have already been pushed beyond their natural biological limit of sustainment. Connecting youth to fishing will inspire passionate anglers and committed outdoor stewards, ultimately ensuring that our nation’s waterways are protected, our communities are healthy and our industry is thriving . 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. More than $16 billion of that is dedicated solely to bass fishing equipment and accessories. In addition, advancements in these fishing equipment, such as high-speed fishing reels that help in hunting big fishes, are boosting the demand for these fish hunting equipment among anglers. Additionally, rising number of female anglers is boosting the fish hunting equipment market growth, thereby increasing the sales of the fish hunting equipment. It also assesses the sequential growth of the said market over the forecast timeframe that extends from the year 2016 to 2024. Copyright © 2020 Grand View Research, Inc. All rights reserved. the world fishing industry; UK Sea Fisheries Statistics archive (pre-2012) is available online. Please fill out the form below for a free PDF report sample & Design an exclusive study to serve your research needs. (Bassmaster), #6. BBC Reality Check. (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. Companies are focusing on expanding their product line and are adopting innovative technologies in order to meet consumer demand for fish hunting equipment. Most businesses within this industry are sole proprietors. The economic impact of bass fishing in the United States, including economic output and indirect contributions, is more than $115 billion each year. 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. is literally inundated, every single day, with hundreds, maybe thousands, of sponsorship requests. Fishing Tackle Market 2019 global research report gives detailed information on Fishing Tackle Market size, share, growth, trends, as well as demand/supply. Fishermen started to use other tools like poles, rods, reels and thinner, stronger lines. Some examples are hooks, lines, sinkers, floats, rods, reels, baits, lures, spears, nets, gaffs, traps, waders and tackle boxes. Baits & lures are expected to register a revenue-based CAGR of 4.7% from 2020 to 2027. (American Sportfishing Association), #11. High prominence of recreational fishing as an American tradition is increasing the popularity of this activity. In the latest fishing industry news, Northland Tackle and Bagley Bait Company have hired Traditions Media. Johnson Outdoors Posts 9% Growth in Fishing, 25% in Watercraft . Over 828,000 jobs are directly supported in some way by the bass fishing industry in … The “Survey of U.S. For instance, in October 2019, Fishbrain, a social network for fishermen, launched an in-app fishing tackle shop, which allows users to find and buy fishing equipment from various brands. When combined, they helped to provide direct employment opportunities for more than 828,000 people. For instance, freshwater fish hunting has emerged as the most popular fishing category in the U.S. in 2018, with double the number of participants as compared to saltwater and fly fishing together. 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. (Bassmaster), #4. Leaders have seen the highest increase, at 45%. Today, there are many types of fishing lures. 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. In total, tackle brings in about $6 billion in retail sales each year. Social network for fishermen, such as Fishbrain, is a dominant app and network in the U.S. with over 7 million users. Fishing enthusiasts the market in either a positive experience Sportfishing Association ( ASA,! 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