South Korea Fishing Gear Market was valued at USD 1.01 Billion in 2022 and is projected to reach USD 1.38 Billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
The South Korea fishing gear market is experiencing substantial growth, driven by both recreational and commercial fishing industries. As the demand for fishing gear escalates, it is crucial to understand the applications and requirements of various industries that rely on these tools for their daily operations.
Fishing gear is an essential component of both professional and recreational fishing, including nets, rods, reels, hooks, and other specialized equipment. In South Korea, the fishing gear market has been driven by a rise in outdoor activities, increased domestic seafood consumption, and advancements in fishing technology. The market is primarily divided into segments based on product type, including rods and reels, fishing hooks, lines, lures, and nets.
One of the significant factors contributing to the demand in South Korea's fishing gear market is the country's robust fishing industry, which includes both marine and freshwater fishing. The growing popularity of recreational fishing is also playing a key role in driving the demand for high-quality gear. Many local and international brands have recognized this trend and are focusing on innovations in design, material, and functionality to appeal to fishing enthusiasts.
Industries involved in the fishing gear market, such as fishing equipment manufacturers, seafood processors, and outdoor retailers, face specific requirements to meet market demands. These industries seek durable, cost-effective, and environmentally friendly materials in their fishing gear. With sustainability becoming an increasing concern globally, the need for eco-friendly fishing gear is paramount. Additionally, the fishing gear market is seeing a rise in smart technology, such as GPS-enabled fish finders, automated reels, and enhanced line strength to improve fishing efficiency.
For commercial fishing industries, regulatory compliance plays a significant role in the selection of fishing gear. Compliance with local laws and international standards ensures that fishing practices are sustainable and do not negatively impact marine ecosystems. As a result, industries require gear that meets strict environmental regulations while maintaining the productivity of their operations.
In the growing South Korea fishing gear market, there is an ongoing need for innovation, quality assurance, and environmental responsibility. Companies that invest in the development of advanced, high-performance gear while considering the sustainability of their products will be better positioned to meet the demands of a dynamic and evolving industry.
Get an In-Depth Research Analysis of the South Korea Fishing Gear Market Size And Forecast [2025-2032]
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Newell (Jarden Corporation)
Globeride(Daiwa)
Shimano
Rapala VMC Corporation
Weihai Guangwei Group
Dongmi Fishing
RYOBI
Pokee Fishing
Cabela's Inc
Eagle Claw
Humminbird
St. Croix Rods
Gamakatsu
Tica Fishing
DUEL(YO-ZURI)
Tiemco
Preston Innovations
Beilun Haibo
AFTCO Mfg.
O.Mustad & Son
Okuma Fishing
Barfilon Fishing
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 South Korea Fishing Gear Market
Fishing Rods
Fishing Reels
Fishing Hooks
Fishing Lines
Fishing Lures
Fishing Bait
Fishing Nets
Fish Finders
Fishing Tackle Boxes
Other Fishing Gear
Recreational Fishermen
Professional Fishermen
Commercial Fishermen
Sport Fishermen
Online Retailers
Specialty Stores
Supermarkets/Hypermarkets
Direct Sales
Third-Party Retailers
Graphite
Fiberglass
Carbon Fiber
Aluminum
Stainless Steel
Plastic
Freshwater Fishing
Saltwater Fishing
Fly Fishing
Ice Fishing
Deep-sea Fishing
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Fishing Gear 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. South Korea Fishing Gear Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Fishing Gear Market, By Type
6. South Korea Fishing Gear Market, By Application
7. South Korea Fishing Gear Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Fishing Gear Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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