Expansion of Global Fishing and Hunting Equipment Industry is Forecast to Reach 3.8% P.A.

Date: 2015-08-12

“The expansion of the global fishing and hunting equipment industry is forecast to reach 3.8% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 4.2%. Currently, fishing reels accounts for 27.9% of the global demand while the remaining market share is divided between fishing rods (26.6%), fish-hooks (9.8%) and other fishing and hunting requisites and equipment (35.7%).

Australia, China, Japan, South Korea and United States represent the largest fishing and hunting equipment markets while the strongest annual growth is forecast to occur in Malaysia (7.9%), Morocco (7.7%), United States (6.8%), Sri Lanka (5.9%) and Ecuador (5.5%).”

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