The fishing and hunting equipment market in Thailand grew from $30.256 million in 2013 to $65.642 million in 2023, reflecting an impressive growth trajectory, particularly between 2016 and 2017 when it surged by 18.42%. Although the market faced a slight dip in 2020, it rebounded with moderate growth rates of 3.66% and 3.46% in 2022 and 2023 respectively. The Compound Annual Growth Rate (CAGR) over the last five years stood at 3.12%, indicative of steady but slower growth. The forecasted CAGR from 2023 to 2028 is even more conservative at 2.53%, projecting the market to reach $77.114 million by 2028.

Future trends warranting attention include:

The growing influence of sustainable fishing and hunting practices on equipment choices.
The integration of advanced technologies such as GPS and smart fishing rods.
An increase in recreational fishing and hunting tourism driven by global travel resurgence.
Potential regulatory changes that may either inhibit or promote market segments.