Fishing Rods Market
The fishing rods market is valued 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% during the forecast period.
A large part of the population all over the world is inclined to engage in various leisure activities, including fishing. This aspect is a major force behind the growth of the global fishing rods market. Some of the most popular fishing rod products on the market are fly fishing rods, casting rods, and spinning rods. These rods are made of various materials, including fiberglass, bamboo, and carbon fiber.
The market is expanding mainly due to the growing global popularity of fishing competitions and increasing personal disposable income. Other indirect drivers of market growth include rising popularity of ice fishing, increased research and development activities, and growing trend of vacation fishing. Long-term market growth prospects will also result from the increasing prevalence of e-commerce platforms, growing understanding of the benefits of fishing rods, such as their ability to cast baits to distant waters, and the growing awareness through social media platforms.
The fishing rod market – Market trends
• The growing interest of children in fishing and related activities has presented stakeholders with new business opportunities.
• In addition, both adults and children now enjoy fishing as a leisure activity. Also, parents ask their children to start fishing because it helps them to focus and be patient.
• The number of people using different forms of social networking has increased as more people around the world have access to the Internet.
• As a result, most of the companies in the fishing rod industry have started creating plans to promote their products and services on different social media platforms.
• E-commerce is a powerful tactic that many companies 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 Fragrance Concentrates Market has been sub-classified into raw material, product type, application, and distribution channel.
Based on the raw material, the fishing rod market is divided into:
• Bamboo
• Fiber glass
• Carbon fiber
• others
According to the type of product, the market is divided into:
• spinning rods
• fly fishing rods
• casting rods
• others
On the basis of application, the market was segmented into:
• competitive casting
• recreational
• commercial
• Others
According to the distribution channel, the market was segmented into:
• Offline
• On line
• 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 dominance trend during the forecast period. A significant increase in fish consumption and increased personal disposable income will benefit the Asia-Pacific.
The Fishing Rods Market: Key Market Players
The major global fishing rods market players include TIEMCO Ltd., TICA FISHING TACKLE., St. Croix Rods., SHIMANO INC., POKEE FISHING TACKLE, Ryobi Limited., Preston Innovations., AFTCO, SAGE, Pure Fishing, Inc., SC. ADDYA & CO. PVT. LTD., RL 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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FAQ
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