Fishing Reels Market worth USD 6,021.9 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Fishing Reels Market By Reel Type (Spincast Reels, Spinning Reels, Baitcast Reels, Electric Reels, Offshore Reels), By Reel Mechanism (Direct-Drive Reel, Anti-Reverse Reel), By Price Range, By Sales Channel (Offline and Online), By Application, By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global fishing reels market size is expected to grow at a CAGR of 4.9% from 2023 to 2033.

The fishing reel market is driven by several key factors, including the growing popularity of recreational fishing, advancements in fishing reel design, the increasing popularity of competitive fishing tournaments, and the rising trend of catch-and-release fishing. As these trends continue to grow, the demand for fishing reels is expected to increase, driving the growth of the fishing reel market. During fishing, the reel must stand up to tough conditions, excessive pressure, and heavy shocks. For such tough conditions, the body needs to offer protection and its material, and the material of internal gearing needs to be strong and precise. While fishing, smooth rotation and efficient power transmission are important to present lure precisely and to play fish effectively. The low inertia and reduced friction are required for a smooth operation that helps t keep control of the lure when reeling. When a fish is hooked, the precision gearing efficiently transmits input power from the handle to the rotor, enabling powerful and controlled fish-playing.

Manufacturers are continuously improving fishing reels by making them lighter to achieve greater smoothness and more powerful performance. They are focusing on mechanisms that facilitate long-distance casting, efficient line retrieval, and enhanced drag systems. In recent years, there have been notable technological advancements in baitcasting reels, such as the inclusion of a digital microcontroller, which allows anglers to cast with ease even in windy conditions. Additionally, some level-wind reels now come with a button that enables easy retrieval of line and the catch of deep-water fish. Some fishing reels even come with an automated jigging feature that makes lures or bait appear livelier. In fly fishing, stronger and more efficient drag systems have been developed, making it easier to catch even large fish. All these innovations in rods, reels, and lines give anglers a significant advantage over older equipment, making fishing less tiring and allowing access to more water. The lines are now tougher, less visible, and more sensitive, resulting in better and more successful fishing experiences. Thus, with the rise in innovation in reels and fishing equipment, the market witnessed rapid growth during the forecast period.

Browse 101 market data Tables and 63 Figures spread through 243 Pages and in-depth TOC on Fishing Reels Market By Reel Type, By Reel Mechanism, By Price Range, By Sales Channel, By Application, By Region– Global Share and Forecast to 2033.

Global Fishing Reels Market Segmentation

The overall fishing reels market has been segmented into reel type, reel mechanism, price range, sales channel, application, and region.

• By Reel Type (Spincast Reels, Spinning Reels, Baitcast Reels (Round Baitcasting Reel, and Low-Profile Baitcasting Reel), Electric Reels, Fly Fishing Reel, Offshore Reels)
• By Reel Mechanism (Direct-Drive Reel, and Anti-Reverse Reel)
• By Price Range (< US$ 100, US$ 100 – 500, US$ 500 - 1,500, and > US$ 1,500)
• By Sales Channel (Offline and Online)
• By Application (Freshwater Fishing and Saltwater Fishing)

• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Spinning Reel segment is at the highest market share by reel type

Spinning reel segment is expected to grow at the highest market share in 2022. Spinning reels offer many benefits over traditional baitcasting reels, making them a popular choice among anglers of all skill levels. One of the key advantages of spinning reels is their ease of use. They are easier to cast and control, making them a popular choice for beginners or those who prefer a more direct fishing experience. Spinning reels are versatile, making them suitable for various fishing styles, from freshwater to saltwater. The growing popularity of recreational fishing, especially among younger generations, has also contributed to the rise in demand for spinning reels. Millennials and Gen Zs are showing more interest in outdoor activities, including fishing, and seek gear that is easy to use, reliable, and affordable. Spinning reels fulfill these criteria and are a popular choice among this demographic.

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Asia Pacific accounts for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. The region's favorable geographical conditions, which are conducive to fishing activities, are a significant contributing factor to the growth of the fishing industry. Governments in the region are also implementing initiatives aimed at promoting the growth of the fishing industry, leading to an increase in demand for fishing equipment, including fishing reels. Moreover, the rising popularity of recreational fishing activities in countries such as Japan, China, and Australia is driving the growth of the fishing reel market in the Asia Pacific region. The increasing number of people participating in fishing activities for leisure and relaxation is resulting in the demand for high-quality fishing equipment, including fishing reels. In addition, the growth of e-commerce and the availability of online platforms for selling fishing equipment have contributed to the growth of the fishing reel market in the Asia Pacific region. Online sales have made it easier for people to access fishing equipment, including fishing reels, leading to increased regional demand.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the fishing reels market. It also consists of the profiles of leading companies such as  Abu Garcia, Alvey Reels, Daiwa Corporation, Elec-Tra-Mate, Florida Fishing Products, Hooker Electric, Inc., Mitchell Reel Co., Penn Reels, Pflueger, Scientific Anglers, Shimano, Shakespeare Fishing Tackle, Zebco, Pokee Fishing, Cabela's Inc., AFTCO Mfg, and Eagle Claw. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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