Canada Fishing Equipment Market Overview, 2028

The fishing equipment market in Canada is a significant industry that caters to both recreational and commercial anglers. Fishing is a popular pastime in Canada, and the country's vast water resources provide ample opportunities for fishing enthusiasts. The Canadian fishing equipment market offers a wide range of products, including fishing rods, reels, lures, hooks, lines, and other accessories. The market is also home to a variety of fishing apparel, such as waders, vests, hats, and gloves. Canadian anglers often require specialized gear for different types of fishing, such as fly fishing, ice fishing, fresh water fishing and saltwater fishing. The demand for fishing equipment in Canada is primarily driven by the increasing popularity of recreational fishing, which contributes to the country's tourism industry. The commercial fishing industry is also a significant contributor to the Canadian economy, and the demand for high-quality fishing equipment is on the rise. Aquaculture, which is the farming of fish, shellfish, and aquatic plants in fresh or salt water, is the fastest growing food production activity in the world and a growing sector in Canada. According to the research report, "Canada Fishing Equipment Market Overview, 2028" published by Bonafide Research, The Canada Fishing Equipment market is expected to grow at approximately 5% CAGR from 2023 to 2028. Innovation in the Canadian fishing equipment market is the use of technology to improve fishing efficiency and accuracy. Manufacturers are producing fishing equipment that utilizes GPS and other advanced sensors to locate fish more precisely, track fish movements, and improves catch rates. There are also many mobile apps and digital tools available to help anglers plan their fishing trips, track weather conditions, and find the best fishing spots. Canada has a strong fishing industry, and there may be opportunities for Canadian fishing equipment companies to export their products to other countries. Companies that have a strong brand and reputation for quality may be able to take advantage of these opportunities. “Northern Tackle Co." or "Canada Fishing Gear Inc.” are exporter of the fishing equipment to the outside the country. Here are some electronic advancement techniques that could be applied to the fishing equipment market in Canada: Internet of Things, Artificial Intelligence (AI), Virtual Reality (VR), Augmented Reality (AR), Cloud This can help anglers make more informed decisions about their fishing practices and gear. Recreational fishing is a popular activity in Canada, with many Canadians enjoying the outdoors and the thrill of catching fish. This trend has resulted in a growing demand for fishing equipment, which is driving the growth of the fishing equipment market in Canada.

The Canadian fishing equipment market is highly competitive, with both local and international brands vying for market share. Some of the popular Canadian brands in the fishing equipment industry include Rapala, Shimano, and Abu Garcia. International brands such as Daiwa, Penn, and Okuma also have a strong presence in the Canadian market. And the market is dominated by a few major players, including Pure Fishing, Rapala VMC Corporation, and Okuma Fishing Tackle Corporation. These companies offer a broad range of fishing equipment to cater to the needs of different types of anglers. However, there are also numerous smaller players in the market, offering niche products and catering to specific segments of the fishing community. Fly fishing is particularly popular in Canada, with many anglers drawn to the country's pristine rivers and streams for the opportunity to catch trout and other species using traditional fly fishing techniques. Ice fishing is also a popular activity during the winter months, with many anglers taking advantage of the country's frozen lakes and rivers to catch species such as walleye, pike, and panfish. With over 20% of Canadians participating in fishing activities, the demand for fishing equipment is high and continues to grow. This presents an opportunity for businesses to expand their product offerings and increase sales. The rise of e-commerce has opened up new opportunities for businesses in the fishing equipment market. Online retailers can reach a wider audience and sell products directly to consumers, without the need for a physical storefront. Canada's vast natural resources make it a popular destination for fishing tourism. Businesses that offer fishing equipment rentals or guided fishing tours can tap into this market and generate additional revenue streams. Fishing equipment can be complex and require a certain level of knowledge to use properly. Offline channels provide the opportunity for customers to receive in-person guidance and education on how to use the equipment effectively. Fishing equipment can be heavy and bulky, making shipping costs a significant factor in the overall cost of purchasing the product. Offline channels eliminate the need for shipping costs, making them more cost-effective for customers. From these reason distribution channels of the fishing equipment grow more. And the online era for the fishing equipment come in the recent year so that it cannot more popular now but in future it will be growing more. Canada has an abundance of freshwater bodies, including lakes, rivers, and streams, which provide ample opportunities for freshwater fishing. Many of these bodies of water are located in remote and pristine wilderness areas, which add to the appeal of freshwater fishing. And Canada is home to a diverse range of freshwater fish species, including popular game fish such as walleye, bass, pike, and trout. This diversity of species provides anglers with a wide range of fishing opportunities and helps to drive the popularity of freshwater fishing. That is why the fresh water farming fishing activity is more popular than the salt water and fly fishing. And Freshwater fishing is an important economic driver in many regions of Canada, particularly in rural and remote areas. Fishing lodges, outfitters, and other businesses that cater to anglers provide jobs and contribute to the local economy.

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Manmayi Raval

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The Canadian government has regulations in place for the fishing equipment market to ensure the sustainability of fish populations and the conservation of the natural environment. The Canadian government requires anglers to have a valid fishing license and, in some cases, a permit to fish in certain bodies of water. These licenses and permits are typically sold through government agencies or authorized vendors and help to regulate the number of anglers fishing in a given area, Size limits refer to the minimum or maximum size of fish that an angler is allowed to catch and keep. The Canadian government has implemented size limits for certain fish species to ensure that smaller fish are given the chance to mature and reproduce. Some areas in Canada have implemented catch and release policies, which require anglers to release all caught fish back into the water. These policies are designed to protect fish populations and ensure the sustainability of the fishery. Canada is home to many beautiful lakes and rivers that offer excellent fishing opportunities for hobbyists. Some of them are Lake Diefenbaker; Saskatchewan; Lake Simcoe, Ontario; Bow River, Alberta; Lake Nipissing, Ontario; Bonavista Bay, Newfoundland. Some events provide a great opportunity for anglers to see the latest in fishing gear and equipment, as well as connect with others who share their passion for fishing and the great outdoors are Toronto Sportsmen's Show, Edmonton Boat & Sportsmen's Show, Moncton Boat Show, BC Interior Sportsman Show, Atlantic Outdoor Sports & RV Show. Fishing is generally considered a recreational activity rather than a sport game in Canada, but there are several fishing-related competitions and events that anglers can participate in. few of the name are, Bass tournament, Trout fishing derbies, Ice fishing derbies, Fly fishing competitions, youth fishing events. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Canada Fishing Equipment market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Type • Hooks • lines • Sinkers & floats • Rods • Reels • Nets & Traps • Spears& Gaffs • Baits & Lures. • Others By Nature • Fresh water • Salt water • Fly Fishing By Distribution Channel • Online • offline The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the Fishing Equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.