Global Fishing Lure Market Will Expand 1.6x In Terms Of Value By 2030

The global fishing lure market will expand 1.6X in terms of value, and is foreseen to witness a steady growth rate of nearly 5% over the forecast period of 2020-2030. However, the spread of COVID-19 is leading to considerable issues on the movement of fishing lures, owing to restrictions imposed by governments related to import and export. These challenges will have major ramifications on the expansion of the fishing lure market size, as the U.S. is a highly affected country and has a high concentration of fishing lure manufactures and suppliers.

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Key Segments of Fishing Lure Market

Fact.MR’s study on the fishing lure market offers information divided into five key segments-type, fishing type, length, sales channel, and region. This report offers comprehensive data and information about important the market dynamics and growth parameters associated with these categories.

Type
  • Jigs
  • Combined Lures
  • Spoons
  • Soft Plastic Baits
  • Flies
  • Spinnerbaits
  • Crankbaits
Fishing Type
  • Freshwater Fishing
  • Saltwater Fishing
  • Great Lake Fishing
Length
  • Less than 4 Inches
  • 4 Inches
  • 5 Inches
  • More than 5 Inches
Sales Channel
  • Sports Outlets
  • Modern Trade Channels
  • Fishing Supply Stores
  • Online Retail
    • Company Websites
    • Third-party Online
  • Other Channels
Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)

Fishing Lure Market: Competitive Landscape

The global fishing lure market is highly fragmented in nature, with the presence of a large number of local players. Some of the prominent players in the market are Bass Pro Shops, Shimano Inc., Pure Fishing, Inc., Rapala VMC Corporation, and Clam Outdoors, among others.

These market players are concentrating on product launches in order to broaden their market footprints. An example of such product launches is: In 2020, Berkely, a brand of Pure Fishing Inc., launched its new crankbaits. The newly launched product is armed with sticky sharp Berkely Fusion 19 treble hooks and is available in 18 colors.

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