Fishing Rods Market Size is projected to reach USD 1.62

New York, United States, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Fishing is one of the most popular activities to help participants develop their patience. The growing preference of a substantial population to spend their vacations close to various fishing spots drives the expansion of the global market for fishing rods. As their name implies, fishing rods are equipment used to attract fish during fishing. In other words, fishing rods facilitate catching fish by anglers and others. On one end of each fishing rod is a hook secured with an adjustable rope length. These hooks are used to entice and capture fish quickly. Various materials are used to manufacture fishing rods, which are available offline and online.

A fishing rod is a long, thin pole with a line and hooks attached that is primarily used for sport fishing. It is a long, cylindrical, flexible, and thin rod made of fibreglass, wood, or steel and typically employed by anglers to capture fish. A hook is attached to the rod's free end to hold the bait or lures, which can be live insects, worms, or artificial lures. Manufacturers of fishing rods provide functionality and features that enable customers to cast lines farther and more precisely. Various fishing rods are available, including fly fishing rods, spinning rods, and casting rods.

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An Increase in Children's Interest in Fishing Is Propelling the Market Growth

Children's growing interest in fishing and related activities has created new business opportunities for stakeholders. Moreover, fishing has become a popular outdoor activity among adults and children. Parents encourage their children to begin fishing because it improves their concentration and patience. Additionally, there are several short fishing rods available, especially for children. This short rod equipment is available with kid-friendly character designs. Thus, the increase in children's interest in fishing activities and the accessibility of fishing equipment for children fuel the growth of the fishing rod market.

Rising Social Media Penetration Is Driving the Market

As more people in every region of the world gain access to the internet, the number of social media users has skyrocketed. Due to this, most fishing rod market competitors have begun formulating strategies for promoting their products and services on various social media platforms. E-commerce is one of the effective strategies that companies and industries have adopted to increase target customer awareness of their product offerings on e-commerce channels. Therefore, the global fishing equipment market views e-commerce marketing as a crucial opportunity to gain traction and expand its customer base among its target segments.

Report Scope

Report Metric	Details
Market Size	USD 1.62 Billion by 2030
CAGR	5.13% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product, Raw Material, Application, Distribution Channel, Region
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	AFTCO Mfg, Cabela's Inc., Dongmi Fishing, Eagle Claw, Preston Innovations, RYOBI, Pokee Fishing, Shakespeare, Shimano, Croix
Key Market Opportunities	Marketing strategy of e-commerce as a critical opportunity
Key Market Drivers	Increase in the interest of children in fishing Rising Social media penetration

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Regional Analysis of the Global Fishing Rods Market

According to the region, the market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The largest fishing rod market in the world, as measured by revenue, was found in North America. People love to spend their time near the water reservoirs and have made this peaceful activity their hobby. Most fishing locations are also surrounded by water and vegetation, making them ideal picnic spots and places to gather with loved ones. The market is anticipated to grow the fastest in the Asia Pacific. Although recreational fishing has not become particularly well-liked in the area, there has been a sharp increase in public interest in recent years.

Key Highlights

The Global Fishing Rods Market Size is projected to reach USD 1.62 billion by 2030, registering a CAGR of 5.13% from 2022 to 2030.
The Global Fishing Rods Market is segmented by product, raw material, application, distribution channel, and region.
Based on the product, the market is divided into Spinning Rod, Fly Fishing Rod, Casting Rods, and Others. The most considerable global revenue came from spinning rods, dominating the fishing rods market.
Based on Raw material, the market is categorized into bamboo, fibreglass, carbon fibre and others. Fishing rods made of bamboo dominated the market and held the largest share.
By application, the market is classified as Competitive Casting, Recreational, Commercial, and Others. The most significant percentage came from recreational fishing.
By distribution channel, the market is segmented into online and offline. The majority of the distribution came from offline channels.

The major players in the Global Fishing Rods Market are

AFTCO Mfg
Cabela's Inc.
Dongmi Fishing
Eagle Claw
Preston Innovations; RYOBI
Pokee Fishing
Shakespeare
Shimano; St. Croix
Tica Fishing
Tiemco
Weihai Guangwei Group

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Market Segmentation

By Product

- Spinning Rods
- Fly Fishing Rods
- Casting Rods
- Others

By Raw Material

- Bamboo
- Fibreglass
- Carbon Fiber
- Others

By Application

- Competitive Casting
- Recreational
- Commercial
- Others

By Distribution Channel

- Online
- Offline

By Region

- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa

TABLE OF CONTENT

Introduction
1. Market Definition
2. Market Scope
Research Methodology
1. Primary Research
2. Research Methodology
3. Assumptions & Exclusions
4. Secondary Data Sources
Market Overview
1. Report Segmentation & Scope
2. Value Chain Analysis: Fishing Rods Market
3. Key Market Trends
  1. Drivers
  2. Restraints
  3. Opportunities
4. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of Substitution
  4. Threat of New Entrants
  5. Competitive Rivalry
5. Market Share Analysis
Product Overview
1. Introduction
  1. Market Size & Forecast
2. Spinning Rods
  1. Market Size & Forecast
3. Fly Fishing Rods
  1. Market Size & Forecast
Raw Material Overview
1. Introduction
  1. Market Size & Forecast
2. Bamboo
  1. Market Size & Forecast
3. Fibreglass
  1. Market Size & Forecast
Regional Overview
1. Introduction
  1. Market Size & Forecast
2. America
  1. North America
  2. U.S.
    1. By Product
    2. By Raw Material
  3. Canada
    1. By Product
    2. By Raw Material
  4. Mexico
    1. By Product
    2. By Raw Material
  5. Latin America
    1. By Product
    2. By Raw Material
3. Europe
  1. Market Size & Forecast
  2. Germany
    1. By Product
    2. By Raw Material
  3. France
    1. By Product
    2. By Raw Material
  4. U.K.
    1. By Product
    2. By Raw Material
  5. Italy
    1. By Product
    2. By Raw Material
  6. Spain
    1. By Product
    2. By Raw Material
  7. Rest of Europe
    1. By Product
    2. By Raw Material
4. Asia Pacific
  1. Market Size & Forecast
  2. Japan
    1. By Product
    2. By Raw Material
  3. China
    1. By Product
    2. By Raw Material
  4. Australia
    1. By Product
    2. By Raw Material
  5. India
    1. By Product
    2. By Raw Material
  6. South Korea
    1. By Product
    2. By Raw Material
  7. Rest of Asia-Pacific
    1. By Product
    2. By Raw Material
5. Middle East & Africa
  1. Market Size & Forecast
  2. Saudi Arabia
    1. By Product
    2. By Raw Material
  3. South Africa
    1. By Product
    2. By Raw Material
  4. Kuwait
    1. By Product
    2. By Raw Material
  5. Rest of Middle East & Africa
    1. By Product
    2. By Raw Material
Company Profile
1. AFTCO Mfg
  1. Company Overview
  2. Financial Performance
  3. Recent Developments
  4. Product Portfolio
2. Cabela's Inc
  1. Company Overview
  2. Financial Performance
  3. Recent Developments
  4. Product Portfolio
3. Dongmi Fishing
  1. Company Overview
  2. Financial Performance
  3. Recent Developments
  4. Product Portfolio
Conclusion & Recommendation
Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/fishing-rods-market/toc

Recent Development

In February 2022: Bass Pro Shops U.S. Opened Bowfishing Championship returns to the Ozarks. Championship Showcased Best Of Bowfishing, Benefit Conservation.

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Fishing Rods Market Size is projected to reach USD 1.62 Billion by 2030, growing at a CAGR of 5.13%: Straits Research

The Global Fishing Rods Market was valued at USD 1.03 billion in 2021 and is projected to reach USD 1.62 billion by 2030, registering a CAGR of 5.13% from 2022 to 2030. The largest fishing rod market in the world, as measured by revenue, was found in North America.

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Fishing Rods Market Size is projected to reach USD 1.62 Billion by 2030, growing at a CAGR of 5.13%: Straits Research

The Global Fishing Rods Market was valued at USD 1.03 billion in 2021 and is projected to reach USD 1.62 billion by 2030, registering a CAGR of 5.13% from 2022 to 2030. The largest fishing rod market in the world, as measured by revenue, was found in North America.

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