The global fishing reels market is expected to grow from US$ 6,254.74 million in 2021 to US$ 8,958.36 million by 2028. It is estimated to rise at a CAGR of 5.3% from 2021 to 2028.

The rising awareness regarding different fishing reels, the increasing number of anglers in developing countries, and the growing popularity of recreational activities among consumers are fueling the demand for fishing reels, which is expected to drive the market growth during the forecast period. However, the high preference for rented equipment is hampering the demand for fishing reels, which is likely to restraint the market over the next few years.

Based on the type, the fishing reels market is segmented into spinning reels, baitcasting reels, spin-cast reels, and other reels. The spinning reel segment accounted for the largest market share in 2020. The spinning reel is quite popular among anglers of all levels due to its superior open-faced design. The popularity of spinning reels is growing due to their advantages, such as feasibility in its usage. Thus, spinning reel segment accounts for the larger portion of the global fishing reels market share which drives the segment growth.

Based on the distribution channel, the fishing reels market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment is anticipated to report a significant rise as, nowadays, consumers are increasingly preferring these stores. The specialty stores segment allows the consumers to assess wide range of quality and design of products that attracts more consumers which aids the segment growth over the forecast period.

The fishing reels market in Europe is expected to grow at the highest CAGR during the forecast period. Europe is considered one of the largest markets for fishing reels worldwide due to an increasing number of anglers across the European countries. As per the Social and Economic Aspects of Recreational Angling report, 2019, more freshwater anglers are present in Europe compared to sea anglers. Thus, an increased prevalence of freshwater anglers is likely to increase the demand for freshwater reels, such as front drag spinning reels, freshwater spinning reels, freshwater trolling reels, in the near future, which is further anticipated to drive the market's growth across the region.

The key players operating in the global fishing reels market are Accurate Fishing; Innovative Reels Technologies Ltd.; Rather Outdoors, LLC.; The Orvis Company; Piscifun; Eposeidon Outdoor Adventure Ltd.; Cadence; JiuYu Fishing Tackle Co., Ltd.; NingBo HaiBao fishing tackle co., Ltd.; and Cabela's LLC.

The overall global fishing reels market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the fishing reels market.