Global fishing lure market was valued at 1295 Million US$ in 2018 and is projected to reach 1688 Million US$ by 2024
A fishing lure is a type of artificial fishing bait which is designed to attract a fish's attention. The lure uses movement, vibration, flash and color to bait fish. Many lures are equipped with one or more hooks that are used to catch fish when they strike the lure. Some lures are placed to attract fish so a spear can be impaled into the fish or so the fish can be captured by hand. Most lures are attached to the end of a fishing line and have various styles of hooks attached to the body and are designed to elicit a strike resulting in a hookset. Many lures are commercially made but some are handmade such as fishing flies. Hand tying fly lures to match the hatch is considered a challenge by many amateur entomologists.
In early time, fishing lures were made from bone or bronze. The Chinese and Egyptians used fishing rods, hooks, and lines as early as 2,000 B.C., though most of the first fishermen used handlines. The first hooks were made out of bronze, which was strong but still very thin and less visible to the fish. The Chinese were the first to make fishing line, spun from fine silk
Global fishing lure market
was valued at 1295 Million US$ in 2018 and is projected to reach 1688 Million US$ by 2024, at a CAGR of 4.52% during the forecast period
According to the different structures, fishing lure can be divided into six types: Plastic Worms, Spinnerbaits, Crankbaits, Jigs, Topwater Lures and Other. Plastic Worms are lures made of plastic or rubber designed to look like fish, crabs, squid, worms, lizards, frogs, leeches and other creatures. Spinnerbaits are pieces of wire that are bent at about a 60-degree angle with a hook at the bottom and a flashy spinner at the top. Crankbaits are soft plastic bait/lure that resembles an actual bait fish. jig is a weighted hook with a lead head opposite the sharp tip. Topwater are also known as top water lures, poppers and stickbaits. They float and look like fish prey that is on top of the water.
Key players in global fishing lure market include: Eagle Claw, Newell Brands, Okuma, Shimano, Wingsing, 13 Fishing, Thomas, Bass Pro Shops, Cabela's, Fenwick, Globeride, Gamakatsu