Fishing Lures Market Report 2024 (Global Edition)

Global Fishing Lures Market Report 2024 Market Size Split by Type (Jigs, Combined Lures, Spoons, Soft Plastic Baits, Flies, Spinner-baits, Crank baits), by Fishing Type (Freshwater Fishing, Saltwater ...

Fishing Lures Market Report Description

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Fishing Lures Market Insights Video

Competitive Landscape of the Fishing Lures Market

Manufacturers of fishing lures try to stay ahead of the competition by releasing new, inventive products to diversify their offerings and increase sales. Successful companies consistently introduce new products.

FISHING LURES Industry News

August 2022, Clam has brand new ice fishing gear that is prepared for the forthcoming season. Clam Pro Tackle continues to lead the ice fishing gear industry with innovative, environmentally conscious products.

Source-clamoutdoors.com/blog/clam-pro-tackle-releases-gaff-treble-hooks

August 2023, Bass Pro Shops, the preeminent North American outdoor and conservation brand, has announced the opening of a new Outdoor World Destination Retail Store in Loveland, Colorado.

Source-about.basspro.com/newsroom/stories/bass-pro-shops-north-americas-premier-outdoor-and-conservation-company-announces-new-outdoor-world-destination-retail-store-in-loveland-colorado/http://about.basspro.com/newsroom/stories/bass-pro-shops-north-americas-premier-outdoor-and-conservation-company-announces-new-outdoor-world-destination-retail-store-in-loveland-colorado/

Top Companies Market Share in Fishing Lures Industry: (In no particular order of Rank)

• Bass Pro Shops
• Weihai Guangwei Group Co. Ltd.
• Piscifun
• Shimano Inc.
• Clam Outdoors
• Al Gags Fishing Lures
• Pure Fishing Inc.
• GLOBERIDE Inc.
• Rapala VMC Corporation
• Al's GoldFishing Lure Co.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

According to Cognitive Market Research, the Asia Pacific Fishing Lures Market dominated the global market in 2023

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 because of increased consumer expenditure on outdoor activities, the increase in the population, and the general improvement in people's quality of life. An increase in disposable income causes a dramatic spike in the demand for fishing lures in the area. In addition, during the next decade, fishing lures in the Asia Pacific are predicted to grow due to the presence of important suppliers and the growing interest in fishing lures among people.

Middle East and Africa is the fastest-growing category in the region because of increasing disposable income and the growing demand for high-tech fishing gear. In addition, more and more people decide to take up Fishing as a hobby, which is encouraging for the Middle East and Africa industry. The market for fishing lures in the Middle East and Africa is expected to be driven up by several causes, including the increased popularity of recreational Fishing, an increase in outdoor activities, and the impact of angling tourism. The market for fishing lures in the Middle East and Africa is expected to expand. 

The current report Scope analyzes Fishing Lures Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Fishing Lures Market

According to Cognitive Market Research, North America held a considerable market share in 2023, accounting for more than 30% of global revenue, and will expand with a CAGR of 4.00% from 2023 to 2030. Increasingly disposable funds and an expanding middle class make Fishing lures more accessible. The Fishing lures market is likely to be impacted by heightened environmental consciousness and stricter government policies and regulations pertaining to fishing and conservation initiatives, driving the market growth in the region. According to Cognitive Market Research, the fishing supply stores sector is a significant driver because Lures and other equipment for Fishing can be easily found and purchased at fishing supply stores. Additionally, shoppers may see the lures up close and personal at these establishments before purchasing. In conclusion, the North American Fishing lures market thrives due to a quick uptake of new technologies and ideas. As a result, more people in the North American area take up recreational Fishing, and the economy improves, the demand for fishing lures will continue to rise.

Europe Fishing Lures Market

According to Cognitive Market Research, Europe held a considerable market share in 2023, accounting for more than 26% of global revenue, and will expand with a CAGR of 4.2% from 2023 to 2030 due to Europe being accessible to a wide variety of fishing spots, from coastal regions to freshwater lakes and rivers to the increasingly popular practice of predatory Fishing for endangered species is expected to drive growth in the European Fishing lures industry. According to Cognitive Market Research, online retail is a significant sales channel form segment because online retailers have made home delivery a breeze, so fishermen may save time and energy by not having to go out of their way to shop. In conclusion, the European Fishing lures market, which covers emerging nations like Germany, France, Italy, Spain, Russia, and the rest of Europe, and more fishing lures are available to anglers because the expansion of internet retail in Europe is anticipated to expand rapidly during the projected period.

Asia Pacific Fishing Lures Market

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 36% of global revenue, and will expand with a CAGR of 6.8% from 2023 to 2030. Increased discretionary income, urbanization, and a greater emphasis on outdoor activities are driving a rising trend of recreational Fishing in the Asia Pacific. This trend is boosting the demand for fishing lures. According to Cognitive Market Research, it is predicted that the combination lures category will have the most rapid expansion in the Asia-Pacific area in the next years because an alternative to buying numerous specialized lures, using combined lures can save money while increasing the likelihood of catching fish by appealing to more senses. Cutting down on fishing time is possible with the help of combination lures. In conclusion, the Asia-Pacific region has abundant fishing opportunities, with many fish species and lures that attract fishermen in nations like South Korea and Japan. This has contributed to the industry's growth over the forecast period.

South America Fishing Lures Market

According to Cognitive Market Research, Latin America held a considerable market share in 2023, accounting for more than 5.00% of global revenue, and will expand with a CAGR of 5.1% from 2023 to 2030 because of the increase in the younger generation's growing discretionary spending, innovations in the design and technology of fishing lures, and sustainable fishing practices and environmental conservation are becoming more important to anglers in the Latin America region. According to Cognitive Market Research, the Latin American market is expected to increase in the following years. Because they are small and easy to transport, anglers love utilizing 4-inch lures. Without compromising space, anglers can carry a variety of 4-inch lures in their fishing boxes, improving overall 4-inch category growth and contributing to the market growth in this region. In conclusion, investment in research and development gives Latin American Fishing lure producers a leg up in the market, which should continue to expand in the years to come thanks to better production techniques and technology.

Middle East and Africa Fishing Lures Market

According to Cognitive Market Research, the Middle East and Africa held a considerable market share in 2023, accounting for more than 3.00% of global revenue, and will expand with a CAGR of 5.2% from 2023 to 2030. An increasingly varied fishing community, with a younger demographic making up a larger portion of the sport and an increasing preference among fishermen to personalize their rods and reels, also increases the demand for fishing lures in the coming years. According to Cognitive Market Research, the freshwater fishing segment has grown rapidly due to access to freshwater fishing spots being generally better than saltwater spots. Freshwater bodies are accessible to anglers from waters, ports, or tiny boats, so people with different experience levels can easily join in. In conclusion, the more environmentally concerned and technologically advanced population in the MEA contributes to the demand for fishing lures in the coming years.

Fishing Lures Market Analysis

Fishing Lures Market Type Segment Analysis

According to Cognitive Market Research, combination lures held the major market share over the forecast period because they boost the likelihood of catching fish by appealing to several senses and can be more cost-effective than buying multiple specialist lures. Using combination lures can save time on the lake. The convenience of not having to change lures allows anglers to rapidly experiment with varied presentations without sacrificing speed or efficiency, which fuels market growth.

Spinner-baits are the fastest-growing category over the forecast period because they work well in every fishing condition. A spinner bait is a great tool for anglers of all skill levels and works well in all seasons (spring, summer, fall, and even cooler water). In addition to attracting fish, the easy cast-and-retrieve approach makes them a great option for novice anglers.

• Jigs
• Combined Lures
• Spoons
• Soft Plastic Baits
• Flies
• Spinner-baits
• Crank baits

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fishing Lures Industry. Request a Free Sample PDF!

Fishing Lures Market Fishing Type Segment Analysis

According to Cognitive Market Research, freshwater fishing holds a prominent market share because fishing in freshwater bodies, such as waterways and lakes, is an enjoyable pastime for millions worldwide. The easy accessibility of freshwater bodies fuels the demand for fishing lures.

Saltwater fishing is the fastest-growing category over the forecast period. Saltwater fishing spots are popular with fishermen from all over the world. Numerous popular saltwater spots for sport fishing and deep-sea Fishing increase the need for a range of lures as players seek to discover new saltwater habitats, contributing to the market's growth.

• Freshwater Fishing
• Saltwater Fishing
• Great Lake Fishing

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Fishing Lures Length Segment Analysis

According to Cognitive Market Research, the 4-inch holds a prominent market share as the 4-inch category lures 4 inches long are popular with anglers because they are easy to store and carry. Anglers can take a range of 4-inch lures without having to make cuts in space.

More than 5 inches is the fastest-growing category over the forecast period, as the Fishing in deeper sections of bodies of water, such as dams, lakes, or the sea, their size and weight make them ideal because they can swiftly reach higher depths, contributing to the market's overall growth.

• Less than 4 Inches
• 4 Inches
• 5 Inches
• More than 5 Inches

Fishing Lures Sales Channel Segment Analysis

According to Cognitive Market Research, fishing supply stores hold a prominent market share because shoppers may easily find and visit fishing supply stores to buy lures and other equipment for Fishing. These stores also allow customers to physically see and handle the lures before buying them. Customers may evaluate the lures' design, features, and quality in this way, which boosts their trust at the checkout.

Online retail will be the fastest-growing category over the forecast period because online retailers offer easy home delivery. Fishermen no longer need to waste time and energy travelling to and from stores. Order-tracking capabilities keep customers apprised of their products' whereabouts and anticipated arrival times.

• Sports Outlets
• Modern Trade Channels
• Fishing Supply Stores
• Online Retail

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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