Europe Fishing Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Fishing Rods, Nets and Traps, Hooks, Reels, Fishing Line, Sinkers, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

The fishing equipment market in Europe is expected to grow from US$ 7,711.13 million in 2021 to US$ 9,671.63 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2021 to 2028.

Recreational fishing, often known as sport fishing, is fishing for fun or competition. The most typical type of recreational fishing is done using a rod, reel, line, hooks, and various baits. Recreational activities help to improve physical well-being, emotional health, and cognitive functioning. They also provide possibilities for socialization with others. Thus, due to the rising benefits, there is an increasing demand for recreational fishing, which is boosting the market growth. Fishing equipment is in high demand due to increased fishing activities across the region. Moreover, there is a growing participation in various types of fishing activities in various countries. Thus, increased spending on fishing equipment and accessories due to a rise in the number of participants is increasing the sales of such products.

Thus, the increasing participation in recreational fishing is a major factor driving the market.

In Europe, currently, the UK, France, and Russia are the hardest-hit countries by the COVID-19 outbreak. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in the supply chain. The disruptions in the supply chain, the shutdown of manufacturing units, and labor shortages have had a negative impact on the fishing equipment market. Countries such as Poland, France, Germany, and the UK had restrictions on recreational fishing during the lockdowns caused by the COVID-19 pandemic, which negatively impacted the demand for fishing equipment. In comparison, Denmark encouraged people to take part in recreational fishing, which increased the sales of mandatory licenses for recreational fishing in the country, leading to a positive impact on the demand for fishing equipment. In the Netherlands, outdoor activities such as recreational fishing were allowed during the pandemic. After the upliftment of the lockdown, most countries across Europe lifted the restrictions on recreational fishing, which led to increased fishing activities, thereby positively impacting the demand for fishing equipment.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe fishing equipment market. The Europe fishing equipment market is expected to grow at a good CAGR during the forecast period.

Europe Fishing EquipmentMarket Revenue and Forecast to 2028 (US$ Million)

Europe Fishing Equipment Market Segmentation

Europe Fishing Equipment Market – By Type

• Fishing Rods
• Nets and Traps
• Hooks, Reels
• Fishing Line
• Sinkers
• Others

Europe Fishing Equipment Market – By Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others

Europe Fishing Equipment Market, by Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Europe Fishing Equipment Market - Companies Mentioned

• Daiwa; Decathlon SA
• Decathlon SA
• Eagle Claw Fishing Tackle Co.
• Okuma Fishing Tackle Co. Ltd.
• Pure Fishing Inc
• Rapala VMC Corporation
• Shimano Inc.
• Tica Fishing Tackle
• Weihai Guangwei Group Co., Ltd.

Europe Fishing Equipment Report Scope

1. Daiwa; Decathlon SA
2. Decathlon SA
3. Eagle Claw Fishing Tackle Co.
4. Okuma Fishing Tackle Co. Ltd.
5. Pure Fishing Inc
6. Rapala VMC Corporation
7. Shimano Inc.
8. Tica Fishing Tackle
9. Weihai Guangwei Group Co., Ltd.

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe fishing equipment market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the Europe fishing equipment market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the fishing equipment market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution