Fishing Rods Market
Fishing Rods Market is valued at around USD 1,096.98 Million in 2022 and is expected to reach USD 1,149.64 Million by 2030, registering a CAGR of 4.8% over the forecast period.
A large portion of the population worldwide is inclined to engage in various leisure activities, including fishing. This aspect is a major force behind the growth of the world market for fishing rods. Some of the well-liked fishing rod goods on the market are fly fishing rods, casting rods, and spinning rods. These rods are made from a variety of materials, including fibreglass, bamboo, and carbon fibre.
The market is expanding primarily due to the growing global popularity of angling competitions and rising personal disposable income. Other indirect market growth drivers include the increased popularity of ice fishing, an increase in research and development activities, and the growing trend of fishing during vacations. Long-term market growth prospects will also be produced by the increasing prevalence of e-commerce platforms, growing understanding of the benefits of fishing rods, such as their capacity to cast baits into far waters, and growing awareness via social media platforms.
The Fishing Rods Market – Market Trends
• Children’s increased interest in fishing and related pursuits has presented stakeholders with fresh business opportunities.
• Additionally, both adults and kids now enjoy fishing as a leisure activity. Additionally, parents are urging their children to start fishing because it helps them focus and have patience.
• The number of people using various forms of social media has exploded as more people across the globe have access to the internet.
• As a result, the majority of businesses in the fishing rod industry have started to create plans for promoting their products and services on various social media platforms.
• E-commerce is a powerful tactic that many businesses and industries have used to inform their target audiences about the products they have available through e-commerce channels.
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The Fishing Rods Market – Segmentation
The Fishing Rods Market fragrance concentrates market has been sub-classified into raw material, product type, application, distribution channel.
On the basis of raw material, the Fishing Rods Market is bifurcated into:
• Bamboo
• Fibreglass
• Carbon fiber
• others
On the basis of product type, the market is segmented into:
• spinning rods
• fly fishing rods
• casting rods
• others
On the basis of application, the market segmented into:
• competitive casting
• recreational
• commercial
• Others
On the basis of distribution channel, the market segmented into:
• Offline
• Online
• Others
The Fishing Rods Market -Regional Analysis
North America dominated the global Fishing Rods Market, due to the high demand for fishing sports in this region, the fishing rods market will maintain its trend of dominance during the forecast period. A significant increase in fish consumption and rising personal disposable income will benefit Asia-Pacific.
The Fishing Rods Market – Key Market players
Global key players of Fishing Rods Market include TIEMCO Ltd., TICA FISHING TACKLE., St. Croix Rods., SHIMANO INC., POKEE FISHING TACKLE, Ryobi Limited., Preston Innovations., AFTCO, SAGE, Pure Fishing, Inc., S.C. ADDYA & CO. PVT. LTD., R. L. Winston Rod Company, Guangdong Viva Fishing Tackle Industry Co., Ltd, JiuYu Fishing Tackle Co., Ltd., Cashion Fishing Rods, KISTLER Custom Fishing Rods, American Pride Fishing Products, Pride Rods, Moonshine Rod Company, and Rawson Fishing Ltd. among other players.
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