Russia Fishing Equipment Market Overview, 2028

The fishing equipment market in Russia is relatively small compared to other countries, but it is growing steadily. The country has a rich fishing culture, with a vast network of rivers, lakes, and seas that offer ample opportunities for recreational and commercial fishing. The fishing equipment market in Russia is primarily driven by recreational fishing, which is a popular pastime among locals and tourists. The country has a large number of fishing enthusiasts who enjoy fishing in rivers, lakes, and the sea. As a result, there is a high demand for fishing equipment such as rods, reels, lures, lines, and accessories. The main challenge facing the fishing equipment market in Russia is the lack of infrastructure and access to fishing locations. Many fishing spots are remote and difficult to reach, which makes it challenging for anglers to transport and store their equipment. Additionally, there are strict regulations regarding fishing licenses and permits, which can be a barrier for new anglers. Despite these challenges, there are opportunities for growth in the fishing equipment market in Russia. The government is investing in infrastructure development to improve access to fishing locations, and there is a growing interest in commercial fishing, which could drive demand for specialized equipment. According to the research report, "Russia Fishing Equipment Market Overview, 2028" published by Bonafide Research, The Russia Fishing Equipment market is expected to grow at 4.30 % CAGR from 2023 to 2028. Fishing is a popular recreational activity as well as a significant economic sector in Russia, particularly in areas near rivers, lakes, and the coast. For centuries, fishing has been a part of Russian culture and tradition, and many communities and families have relied on it for a living. Ice fishing, in addition to traditional forms of fishing such as net fishing and angling, is popular in Russia due to the country's cold climate. The importance of sustainability and responsible fishing practises is emphasised in Russian fishing culture, and there is a strong appreciation for the natural resources that support fishing communities. Recreational fishing is becoming increasingly popular in Russia, particularly among younger generations. As more people take up fishing as a hobby, the demand for fishing equipment is also growing. Russia's vast lakes, rivers, and coastline make it an attractive destination for fishing tourism. As the tourism industry grows, there is greater demand for fishing equipment rentals and purchases.

Fishing rods and reels are the most commonly used equipment in Russia, with spinning reels being the most popular type of reel. The market is also seeing a trend towards lightweight, high-performance fishing gear, with carbon fiber rods and reels becoming increasingly popular. In addition to traditional fishing methods, the market is also seeing growth in the use of artificial baits and lures, such as soft plastics and hard baits. Fly fishing is also gaining popularity, particularly among more experienced anglers. The Russian fishing equipment market is dominated by domestic manufacturers, with companies such as Zemex, Akara, and Flagman holding a significant share of the market. However, international brands such as Shimano, Daiwa, and Rapala are also present and have a strong presence in the high-end segment of the market. In terms of distribution channels, offline retail stores are the most popular for fishing equipment in Russia. However, online sales are growing in popularity, particularly among younger generations who prefer the convenience of online shopping. Some of the popular fishing equipment retail shops in Russia are; Fishing pro, Flangman,Fish house, Riboco, Rybolov Elite. And the online websites which provides the fishing equipment’s are; rybachim.com, fishing-mart.ru, fishing-stock.ru, ribakoff.ru, fishingonline.ru, fishing-rod.ru, ribakov.net, artfisher.ru, ribolov-market.ru, fishing-store.ru . Russia hosts several fishing tournaments throughout the year, including; Volga Delta fishing tournament, Moscow fishing tournament, Siberian Fishing Festival, White Sea fishing tournament, Onega Lake fishing tournament, Baikal Ice fishing tournament, Atlantic Salmon fishing tournament These tournaments attract both professional and amateur anglers from all over Russia and the world. They provide a platform for fishing equipment manufacturers and suppliers to showcase their products and engage with potential customers. In Russia, both freshwater and saltwater fishing are popular, but freshwater fishing is more dominant due to the country's abundance of rivers and lakes. The country is also known for its ice fishing culture during the winter season. Freshwater fish such as pike, perch, and carp are popular targets for anglers, as well as salmon and trout in some regions. In terms of market dominance, freshwater fishing equipment has a larger market share in Russia due to the popularity of this type of fishing. Russia has numerous freshwater bodies that are ideal for recreational fishing. Some of the popular spots for freshwater fishing in Russia are; Lake Baikal, Volga river, Rybinsk Reservoir, Kola Peninsula, Karelia. The fishing industry in Russia is regulated by the Federal Agency for Fishery which sets rules and regulations for commercial and recreational fishing activities. These regulations cover areas such as fishing quotas, fishing seasons, minimum sizes for fish catch, and fishing gear restrictions. In terms of fishing equipment, there are regulations on the type of gear that can be used in certain areas or for certain species of fish. For example, some rivers in Russia may have restrictions on the use of certain types of nets or traps, while some fish species may require the use of certain types of lures or bait. There are fishing equipment rental services available in Russia. Many fishing outfitters and shops offer rental services for fishing gear, such as rods, reels, lures, and waders. Some of the popular fishing destinations in Russia also offer rental services for boats and other equipment needed for fishing in their waters. These rental services are usually available on a daily or weekly basis and can be a convenient option for anglers who do not want to invest in expensive equipment or who are traveling without their own gear. Considered in this report • Geography: Russia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

Aspects covered in this report • Russia 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 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.