Fishing Magnet Market size was valued at USD 100 Million in 2024 and is forecasted to grow at a CAGR of 4.5% from 2026 to 2033, reaching USD 150 Million by 2033.
The global fishing magnet market was valued at approximately USD 125 million in 2022, with a projected compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. The growing popularity of magnet fishing as a recreational activity, alongside the increasing awareness of its environmental benefits in cleaning water bodies, has significantly boosted market demand. The North American market accounted for the largest share in 2022, driven by a large base of outdoor enthusiasts and rising trends in sustainable outdoor activities. Europe also holds a prominent position, with key markets in countries like the UK and Germany, where magnet fishing is a growing hobby. The Asia Pacific market, particularly in countries such as Japan and China, is expected to witness a rapid growth trajectory due to the expanding interest in outdoor and adventure sports across the region.
In terms of regional opportunities, the North American and European markets are likely to continue dominating due to high adoption rates and well established outdoor recreational cultures. Meanwhile, the Asia Pacific region is anticipated to experience the highest growth in the coming years, driven by increasing disposable incomes, the rise of eco tourism, and growing interest in sustainable practices. Additionally, Latin America and the Middle East are emerging markets with untapped potential, where the growing number of water bodies and increasing awareness of magnet fishings benefits present significant opportunities for market expansion. As the market grows, there will be further diversification in product offerings, with advancements in magnet strength and durability driving new consumer interest across various regions.
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Kellyco
Brute Magnetics
Apex Magnets
Magnosphere
Dailymag
Centurion Magnetics
Great Magtech
Magnetar
Unmagtech
Kings Magnet
Magnet Store
HorizonMagnets
Meank Magnetics
ShineMagnets
Coton Magnet
First4magnets
Muscular Magnetics
CMS Magnetics
FishMe
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fishing Magnet Market
Neodymium Fishing Magnets
Electropermanent Magnets
Permanent Magnets
Other Specialty Fishing Magnets
Lightweight (up to 100 lbs)
Medium Weight (101 lbs - 300 lbs)
Heavyweight (301 lbs and above)
Recreational Fishing
Search and Recovery Operations
Archaeological Digs
Scavenging
Online Retail
Brick-and-Mortar Retail
Wholesale Distributors
Direct Sales
Amateur Fishermen
Professional Fishermen
Environmental Organizations
Research Institutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fishing Magnet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fishing Magnet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fishing Magnet Market, By Type
6. Global Fishing Magnet Market, By Application
7. Global Fishing Magnet Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Fishing Magnet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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