Fishing Reels

Global Fishing Reels Market to Reach US$7.2 Billion by 2030

The global market for Fishing Reels estimated at US$4.7 Billion in the year 2024, is expected to reach US$7.2 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2024-2030. Spinning Reel, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$2.4 Billion by the end of the analysis period. Growth in the Baitcasting Reel segment is estimated at 8.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.3 Billion While China is Forecast to Grow at 11.1% CAGR

The Fishing Reels market in the U.S. is estimated at US$1.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.8% and 7.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Global Fishing Reels Market – Key Trends & Drivers Summarized

Why Are Fishing Reels a Cornerstone of Modern Angling Across All Skill Levels?

Fishing reels continue to hold a central place in the global fishing equipment market due to their fundamental role in enabling control, precision, and versatility in a wide range of fishing scenarios. Whether used by beginners casting from a pier or seasoned anglers trolling offshore, reels have evolved into specialized tools optimized for various techniques, species, and environments. The growing popularity of sportfishing and recreational angling worldwide has driven demand for high-performance reels that offer smoother drag, enhanced casting distance, and improved line retrieval efficiency. In freshwater fishing, spinning reels and baitcasting reels remain the dominant categories, while offshore and big game applications rely heavily on trolling and conventional reels built for strength and endurance. The versatility of reels has made them indispensable across different settings—from surfcasting on ocean shores and fly fishing in rivers to ice fishing in polar conditions. As fishing becomes increasingly democratized and accessible through community clubs, mobile apps, and influencer content, reels have become a gateway product for newcomers to the sport. Their enduring relevance, bolstered by a mix of tradition and innovation, ensures that they remain a core purchase for anyone engaging with fishing as a leisure activity, competitive sport, or even subsistence practice.

What Technological Innovations Are Enhancing Reel Performance and Durability?

The fishing reels market is benefiting from continuous innovation in materials, mechanics, and ergonomic design that are significantly improving user experience and product lifespan. Advanced materials like carbon fiber composites, machined aluminum, magnesium, and titanium are being used to reduce weight while maintaining or increasing structural strength, making reels more comfortable for long-term use without sacrificing durability. Internal mechanisms such as ball bearings, gear systems, and drag components are being refined for smoother operation, reduced friction, and better line control under load. Waterproof and sealed drag systems, previously a feature only in high-end reels, are now becoming more widely available across mid-range models, enhancing resilience in saltwater environments. Magnetic and centrifugal braking systems in baitcasting reels offer better backlash control, while improved anti-reverse features provide greater hook-setting power and control. Additionally, manufacturers are incorporating ergonomic handles, low-profile designs, and interchangeable spools to cater to different hand preferences and fishing conditions. Some smart reels now integrate Bluetooth connectivity and sensors that track casting data, line tension, and retrieve speed—features especially useful for performance analysis in competitive sportfishing. These innovations are not only attracting tech-savvy anglers but also expanding the appeal of fishing to younger audiences seeking intuitive and efficient gear. The result is a new generation of reels that combine mechanical excellence with smart usability, elevating the fishing experience across skill levels.

How Are Regional Preferences, Regulations, and Environmental Trends Shaping Reel Demand?

Fishing reel demand varies significantly by region, driven by local fishing styles, target species, environmental conditions, and regulatory frameworks. In North America and Europe, recreational freshwater fishing drives strong demand for spinning and baitcasting reels suited for bass, trout, and pike, with growing interest in fly fishing pushing demand for precision-crafted fly reels. In contrast, Asia-Pacific countries like Japan, South Korea, and China are seeing robust growth in both freshwater and saltwater reels, fueled by competitive angling circuits and cultural traditions that integrate fishing into family and leisure routines. In coastal markets across Australia, South Africa, and parts of Latin America, the focus shifts to saltwater reels capable of handling powerful species like tuna, marlin, and kingfish. Meanwhile, rising environmental consciousness is influencing buying behavior, with anglers seeking durable, long-lasting products over disposable or poorly made reels. Regulations around invasive species, catch limits, and ethical fishing practices are also impacting the types of reels and gear combinations used in different geographies. Furthermore, the rise of “catch and release” and selective fishing practices has emphasized the importance of smooth drag systems and gear that reduces fish injury. As outdoor recreation continues to grow in popularity and more consumers enter the angling world with a focus on sustainability, the global demand for eco-conscious, high-performance reels that align with regional practices and environmental expectations continues to rise.

What’s Driving the Sustained Global Growth of the Fishing Reels Market?

The growth in the fishing reels market is driven by several factors related to recreational trends, product innovation, consumer preferences, and distribution expansion. The rising global interest in fishing as a low-cost, accessible, and mentally restorative outdoor activity has significantly boosted participation rates across all demographics, especially post-pandemic. This surge in participation is translating into strong demand for entry-level reels, as well as upgraded gear for experienced users seeking performance enhancements. The increased visibility of sportfishing through television broadcasts, online content, and international tournaments is also elevating awareness and expectations around gear quality, encouraging sales of premium and specialized reels. E-commerce platforms and direct-to-consumer brands have democratized access to high-quality reels, allowing users in emerging markets like Southeast Asia, Africa, and Eastern Europe to access global brands and niche products. Additionally, the trend toward multi-species fishing and travel-based angling is driving demand for compact, lightweight, and versatile reel designs. Ongoing collaborations between reel manufacturers and professional anglers are creating aspirational product lines that appeal to enthusiasts and hobbyists alike. As manufacturers respond with innovative, region-specific offerings and digital marketing strategies that target new audiences, the fishing reels market is poised for continued growth—anchored by a blend of tradition, technological excellence, and a global passion for the art of angling.

SCOPE OF STUDY:

The report analyzes the Fishing Reels market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Spinning Reel, Baitcasting Reel, Spincast Reel, Other Fishing Reel Products); Distribution Channel (Online Distribution Channel, Offline Distribution Channel)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 37 Featured) -

• 13 Fishing
• Abu Garcia (Pure Fishing)
• Accurate Fishing Products
• Alvey Reels
• Daiwa (Globeride, Inc.)
• Fin-Nor (Pure Fishing)
• KastKing
• Lew`s Fishing
• Mitchell (Pure Fishing)
• Okuma Fishing Tackle Co., Ltd.
• Penn Fishing Tackle (Pure Fishing)
• Pflueger (Pure Fishing)
• Quantum Fishing (Zebco Brands)
• Ryobi Limited
• Seigler Fishing Reels
• Shimano Inc.
• Tica Fishing Tackle
• Tsunami (Bimini Bay Outfitters)
• Van Staal (Pure Fishing)
• Zebco Brands

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.