The global fishing equipment market was valued at USD 14.97 billion in 2023 and is estimated to reach approximately USD 22.64 billion by 2032, at a CAGR of 4.7% from 2024 to 2032

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The market for fishing equipment is vast, with a variety of tools and gear suitable for anglers with different preferences and ability levels. This sector provides fishing aficionados all over the world with everything from rods and reels to tackle boxes full of hooks, lines, and lures. As a crucial component of both recreational and commercial fishing, the industry is always changing to include new designs, eco-friendly materials, and technology improvements. The market offers a wide range of solutions to improve the fishing experience, whether it be for freshwater or saltwater, taking into account different species, habitats, and techniques.

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