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 hand made such as fishing flies. Hand tying fly lures to match the hatch is considered a challenge by many amateur entomologists.
According to the new market research report “Fishing Lures - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Fishing Lures market size is projected to reach USD 4.32 billion by 2029, at a CAGR of 5.1% during the forecast period.
- Global Fishing Lures Market Size(US$ Million), 2018-2029
Source: QYResearch, "Fishing Lures - Global Market Insights and Sales Trends 2024”
- Global Fishing Lures Top13Players Ranking and Market Share（Based on data of 2021, Continually updated）
Source: QYResearch, "Fishing Lures - Global Market Insights and Sales Trends 2024”
The global key manufacturers of Fishing Lures include Rapala VMC Corporation, Shimano, Globeride(Daiwa), Pure Fishing, Inc, DUEL CO., Inc., Johshuya Co., Pokee Fishing, Cabela's Inc. (Bass Pro Shops), Eagle Claw, Tiemco, etc. In 2021, the global top five players had a share approximately 25.0% in terms of revenue.
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