The Fishing Rods Market: Overview
The 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 long, thin rod that anglers use to manipulate a line that ends in a hook to catch fish. A fishing rod is, in its most basic form, a straight, rigid stick or pole with a line fastened to one end. Modern rods, however, are typically elastic and typically have the line stored in a reel mounted at the rod handle, which is hand-cranked and controls the line retrieval, as well as numerous line-restricting rings that distribute bending stress along the rod and help dampen/prevent line whipping and entanglement.
The Fishing Rods Market - Growth Factor
Due to these factors, fishing rod producers have expanded their product lines to include rods appropriate for fishing in extreme weather conditions. Due to its capacity to train the practitioner in terms of enhancing patience as a key skill, fishing has grown in popularity over time. Knowing about rods, hooks, and baits, as well as how to set up rigs and tie knots, combines science and art, which has been difficult as well as creative for people. Additionally, parents are urging their children to start fishing because it helps them focus and have patience. There are also several short fishing rods available, particularly for children. There are versions of this short rod gear that feature kid-friendly characters. Thus, the growing popularity of fishing among kids and the availability of fishing gear for kids are both contributing to the growth of the fishing rod market.
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.
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.
Report scope
Global Fishing Rods Market: Historical Years- 2018-2021
Global Fishing Rods Market: Forecast Years- 2022-2030
Global Fishing Rods Market 2022- USD 1,096.98 million
Global Fishing Rods Market 2030- USD 1,837.28 million
Global Fishing Rods Market CAGR- 4.8%
