Global Fishing Hooks Market Revenue and Share Growth Status and Forecast Analysis from 2024 to 2029 by Type, Application, Region, and Player

1. Global Fishing Hooks Market Definition

In 2024, the global fishing hooks market is projected to reach a revenue of $726.9 million with a CAGR of 5.43% from 2024 to 2029.

A fishing hook is a fundamental tool used in the sport and industry of fishing. It is designed to catch fish by piercing their mouths or bodies. The hook consists of several parts, including the handle, hook handle, hook bend, hook tip, hook door, and hook bottom. Each part plays a crucial role in the effectiveness of the hook. Hooks are typically categorized by size, with larger hooks (1/0 to 19/0) used for bigger fish and smaller hooks (32 to 1) for smaller species. The market for fishing hooks is segmented based on these sizes, as well as by application channels such as specialty and sports shops, department and discount stores, and online retail.

The fishing hooks market growth is also influenced by regional dynamics. Major regions contributing to the market include North America, Europe, China, Japan, Southeast Asia, India, and others. Each region has its own market characteristics and growth rates. For instance, China is expected to remain a dominant player, with a significant market share and rapid growth driven by its large consumer base and expanding economy.

Global Fishing Hooks Revenue (M USD) in 2024

2. Driving Factors of Fishing Hooks Market

The growth of the global fishing hooks market is influenced by several key factors. On one hand, the increasing number of participants in fishing activities, particularly in developed countries, is a significant driver. For example, the United States has seen a steady rise in the number of anglers, with over 49 million people participating in fishing activities annually. This trend is mirrored in other regions, contributing to a higher demand for fishing hooks.

Another driving factor is the growth of disposable income and leisure time. As people have more disposable income and free time, they are more likely to engage in recreational activities such as fishing. This trend is particularly evident in countries like China, where the government has been promoting recreational fishing as part of its “13th Five-Year Plan.” The expansion of e-commerce has also played a crucial role in making fishing hooks more accessible to consumers worldwide.

3. Limiting Factors of Fishing Hooks Market

However, the market also faces several limiting factors. One significant challenge is the fluctuation in raw material prices, particularly steel, which is a primary component in the manufacturing of fishing hooks. Price volatility can impact production costs and, ultimately, consumer prices. Additionally, regulatory measures aimed at protecting marine life and promoting sustainable fishing practices can impose restrictions on the types of hooks used. For example, regulations in Florida require the use of non-stainless, non-offset round hooks for certain types of fishing to increase the survival rate of caught-and-released fish.

In conclusion, the global fishing hooks market is poised for continued growth, driven by increasing participation in fishing activities, higher disposable incomes, and the expansion of e-commerce. However, challenges such as raw material price fluctuations and regulatory measures will need to be managed to ensure sustained growth in the coming years.

4. Analysis of Different Product Types in the Global Fishing Hooks Market

The global fishing hooks market is segmented into two primary product types: Large Size and Small Size. These categories are defined based on the hook size, with Large Size hooks ranging from 1/0 to 19/0 and Small Size hooks ranging from 32 to 1. Each type serves different fishing needs, with Large-size hooks typically used for larger fish species and Small-size hooks for smaller fish.

In 2024, the small-size hooks segment is expected to contribute significantly, with a forecasted revenue of $398.27 million. The Large-size hooks segment is also substantial, with an estimated revenue of $328.64 million.

When analyzing market share, the Small Size hooks segment holds a larger portion of the market, accounting for 54.79% of the total revenue. In contrast, the Large Size hooks segment holds a market share of 45.21%. This indicates that Small Size hooks are more widely used and have a broader market presence compared to their larger counterparts.

This growth dynamic can be attributed to the increasing demand for specialized fishing equipment, particularly for larger fish species, which are becoming more popular among anglers. Additionally, the expansion of recreational fishing in emerging markets is driving the demand for both types of hooks, with a slight edge in growth for the Large Size segment due to its application in more specialized and high-value fishing activities.

Analysis of Different Applications in the Global Fishing Hooks Market

The global fishing hooks market is also segmented by application, with the primary channels being Specialty and Sports Shops, Department and Discount Stores, and Online Retail.

In terms of market share, Specialty and Sports Shops dominate the market with 62.52% of the total revenue. Department and Discount Stores hold a market share of 21.39%, while Online Retail accounts for 16.09% of the total revenue.

This distribution indicates that Specialty and Sports Shops are the primary channels for fishing hooks, catering to both professional anglers and recreational fishers who seek specialized equipment. Department and Discount Stores offer a more accessible and cost-effective option for casual anglers, while Online Retail provides convenience and a broader selection for consumers.

While Specialty and Sports Shops have the largest market share, Online Retail is expected to grow at the fastest rate. This trend is driven by the increasing adoption of e-commerce platforms, which has accelerated the shift towards online shopping. The convenience and accessibility of online retail make it an attractive option for consumers, leading to its higher growth rate compared to traditional retail channels.

5. Regional Fishing Hooks Market

The major regions contributing to the global fishing hooks market revenue in 2024 include North America, Europe, China, Japan, Southeast Asia, India, and Other regions.

China emerges as the largest market by revenue, contributing $206.37 million in 2024. This significant market share is attributed to China’s large consumer base, growing economy, and increasing participation in recreational fishing activities. The Chinese market is also supported by strong domestic production capabilities and a robust supply chain, making it a dominant player in the global fishing hooks industry.

The North American market is characterized by a high level of consumer sophistication and a strong preference for high-quality fishing equipment. The region’s market growth is supported by a large number of anglers and the presence of major fishing hook manufacturers with a revenue of $174.35 million in 2024.

Europe’s market is driven by its rich fishing culture and strong environmental regulations with a market size of $137.86 million in 2024. The region’s growth is supported by a growing interest in sustainable fishing practices and the increasing popularity of recreational fishing among younger demographics.

Japan is known for its advanced fishing technology and high-quality products with a market revenue of $96.84 million in 2024. The market is driven by domestic demand and a strong export market, particularly in Asia and North America. Japan’s growth is also supported by its focus on innovation and product development.

Global Fishing Hooks Market Revenue by Region in 2024

6. Top 3 Companies in the Global Fishing Hooks Market

Gamakatsu

Gamakatsu is a Japanese company founded in 1955, known for its high-quality fishing hooks. The company has a strong reputation for innovation and craftsmanship, with a focus on producing durable and reliable fishing equipment. Gamakatsu’s products are sold worldwide and are highly regarded by professional anglers and recreational fishers alike.

Gamakatsu offers a wide range of fishing hooks, including the TGW Octopus Hook, which features ultra-strong wire and a Nano Smooth Coat finish for better penetration and durability. The company’s products cater to various fishing techniques and target species, making them versatile and highly sought after.

In 2021, Gamakatsu’s sales revenue reached $97.72 million USD, solidifying its position as a leading player in the market.

Shimano

Shimano is a multinational corporation headquartered in Japan, known for its extensive range of cycling components, fishing tackle, and rowing equipment. Founded in 1921, Shimano has a strong global presence and is recognized for its innovative technology and high-quality products. The company’s focus on research and development has enabled it to maintain a competitive edge in the market.

Shimano offers a variety of fishing hooks, including the Butterfly Flat Side Spare Hook, which is designed for unmatched line strength and durability. The company’s products are known for their precision engineering and reliability, making them popular among anglers worldwide.

In 2021, Shimano’s sales revenue in the fishing hooks segment reached $46.99 million USD, reflecting its significant market share and strong brand presence.

Globeride

Globeride is a Japanese company that specializes in fishing equipment, tennis, golf, and bicycle products. Founded in 1958, Globeride is known for its high-quality products and innovative designs. The company’s fishing products, sold under the Daiwa brand, are highly regarded for their durability and performance.

Globeride offers a range of fishing hooks, including the Single Lure Hook, which is designed for optimal lure performance and secure hooking. The company’s products are known for their high-quality materials and craftsmanship, making them popular among anglers.

In 2021, Globeride’s sales revenue in the fishing hooks segment reached $35.43 million USD, highlighting its strong market position and continued growth.

Major Players