Fishing Rods Market Overview:
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 fishing rod is a tool used primarily for sport fishing, consisting of a long, thin pole with a line and hooks attached. Typically made of fiberglass, wood, or steel, it is long, cylindrical, and flexible. Anglers use fishing rods to catch fish by casting lines with hooks attached to the rod’s free end. Bait or lures, such as live insects, worms, or artificial lures, are used to attract fish. Fishing rod manufacturers offer different functionalities and features to help customers cast lines farther and more accurately. There are various types of fishing rods available, including fly fishing rods, spinning rods, and casting rods.
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Market Growth:
Growing interest in fishing and related activities among kids has given stakeholders new commercial options. Moreover, both adults and kids now enjoy going fishing as an outdoor pastime. Fishing helps kids learn patience and focus, so parents urge their kids to start. There are also various short fishing poles available, particularly for kids. There are kid-friendly character designs available for this short rod equipment. Thus, the market for fishing rods is growing as a result of children’s growing interest in fishing activities and the availability of fishing equipment for kids.
Market Dynamics:
Fishing in lakes, ponds, rivers, and other bodies of water is becoming a popular sport and recreational activity. Due to many pastime and foster awareness programs implemented by multiple fish clubs and societies worldwide, the demand for fishing rods is only growing. The worldwide fishing rod market is expanding due in part to technological developments that have improved the effectiveness of equipment and fishing rod design. The growing disposable income of individuals in industrialized nations is contributing to the market’s acceleration. However, the development of the major companies in the worldwide fishing rod industry is being hampered by worries about the preservation of native aquatic populations and the influence on the marine ecology.
Market Scope:
The “Global Fishing Rod Market Analysis to 2030” is an extensive analysis of the consumer goods sector with a particular focus on developments in the global market. An overview of the fishing rod market, complete with a thorough segmentation by product type, material, and distribution channel, is the goal of this analysis. Throughout the projected period, the worldwide fishing rod market is expected to rise at a rapid pace. Important data regarding the state of the leading Fishing Rod market players is given, along with important market trends and opportunities.
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Market Segments:
On the basis of raw material, the Fishing Rods Market is bifurcated into:
- Bamboo
- Fiber glass
- 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
Market Regional Analysis:
North America currently holds the dominant position in the global Fishing Rods Market, driven by the substantial demand for fishing sports in the region. This trend of dominance is expected to continue during the forecast period. Additionally, Asia-Pacific is projected to experience significant growth, attributed to a notable increase in fish consumption and rising personal disposable income in the region.
Key Market Players Involve in this market are:
- TIEMCO Ltd.
- TICA FISHING TACKLE.
- Croix Rods.
- SHIMANO INC.
- POKEE FISHING TACKLE
- Ryobi Limited.
- Preston Innovations.
- AFTCO
- SAGE
- Pure Fishing, Inc.
- C. ADDYA & CO. PVT. LTD.,
- L. Winston Rod Company
- Pride Rods
- Moonshine Rod Company
- and Rawson Fishing Ltd.
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