The Fishing Rods Market is Segmented by Product Type (Spinning Rods, Fly Fishing Rods, Casting Rods, and Others), by Raw Material Type (Bamboo, Fiberglass, Carbon Fiber, and Others), by Application Type (Competitive Casting, Recreational, and Commercial), by Distribution Channel Type (Online, Offline), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Fishing Rods Market is Segmented by Product Type (Spinning Rods, Fly Fishing Rods, Casting Rods, and Others), by Raw Material Type (Bamboo, Fiberglass, Carbon Fiber, and Others), by Application Type (Competitive Casting, Recreational, and Commercial), by Distribution Channel Type...
The fishing rods market was estimated atUSD 957.5 Million in 2022and is likely to grow at a CAGR of 5.1% from 2022-2028 to reach USD 1289.2 Million in 2028.
The fishing rod is a flexible and long rod attached with a hook at one end to transfix a bait to lure fish and catch them.
Key players
Some of the major players in the fishing rods market are-
AFTCO
Cabela’s Inc.
Dongmi Fishing Tackle (Foshan) Co., Ltd.
Eagle Claw
Preston Innovations
RYOBI
Pokee Fishing Tackle
Pure Fishing, Inc.
Shimano, Inc.
St. Croix Rods
Tica Fishing Tackle
Market Dynamics
The prime factor that is driving the fishing rods market is rising adoption of fishing rods as a recreational activity among people of various age groups.
Segments Analysis
By Product Type
The market is segmented as spinning rods, fly fishing rods, casting rods, and others. The spinning rods segment dominated the market in 2019 and is expected to maintain its position during the forecast period. Spinning rods are efficient in throwing lighter lures far and useful in windy places. Fly fishing rods are expected to witness the highest growth during the forecast period owing to their capability for casting baits in distant water.
By Application Type
The market is segmented as competitive casting, recreational fishing, commercial fishing, and others. Recreational fishing accounted for the largest share of the market and is expected to remain dominant during the forecast period. The increasing preference of people toward most popular fishing destination is the major factor behind the dominance of the recreational fishing segment.
By Region
North America is estimated to be the largest market for fishing rods during the forecast period. Significant demand from both commercial and recreational applications is driving the growth of the region. Europe and Asia-Pacific also holds a significant share of the market and are expected to witness healthy growth during the forecast period.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
Report – Features
Market Segmentation
5
Regions Covered
4
Countries/Sub-Regions Covered
25
No. of Figures & Tables
>140
Company Profiles
10
The fishing rod market is segmented into the following categories.
By Product Type:
Spinning
Fly Fishing Rods
Casting Rods
Others
By Application Type:
Competitive Casting
Recreational Fishing
Commercial Fishing
Others
By Raw Material Type:
Bamboo
Fiberglass
Carbon Fiber
Others
By Distribution Channel Type:
Online
Offline
By Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Overview, industry life cycle analysis, supply chain analysis
Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Trend and forecast analysis
Segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
Fishing Rods Market Report Features
Market Size in 2028
USD 1289.2 Million
Market Size in 2022
USD 957.5 Million
Market Growth (2022-2028)
5.1% CAGR
Base Year of Study
2021
Trend Period
2017-2020
Forecast Period
2022-2028
Segments Covered
By Product Type (Spinning Rods, Fly Fishing Rods, Casting Rods, and Others),
By Raw Material Type (Bamboo, Fiberglass, Carbon Fiber, and Others),
By Application Type (Competitive Casting, Recreational, and Commercial), by Distribution Channel Type (Online, Offline), By Region (North America, Europe, Asia-Pacific, and Rest of the World)
Top Companies in 2022
AFTCO
Cabela’s Inc.
Dongmi Fishing Tackle (Foshan) Co., Ltd.
Eagle Claw
Preston Innovations
RYOBI
Pokee Fishing Tackle
Pure Fishing, Inc.
Shimano, Inc.
St. Croix Rods
Tica Fishing Tackle
Tiemco Ltd.
Weihai Guangwei Group Co., Ltd.
Dominant Region
North America is estimated to be the largest market for fishing rods during the forecast period.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Customization
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation of any one of the product types by application type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
Recent Developments
August 2022-PENN Mariner III Rods Bring Extreme Value and Versatility,
Leading saltwater tackle company PENN Fishing introduces a dependable rod for anglers that demands functionality and durability in various fishing situations. The Mariner III is a go-to rod for anglers who need a reliable general-purpose setup for most saltwater species, including salmon and steelhead. Read More…
August 2022-Daiwa Launches New TATULA XT Rods at B.A.S.S. High School Championship,
Along with the Tatula XT rods, the Daiwa crew will also be displaying its new Tatula SV70 and Tatula 80 baitcasting reels, along with its flagship Exist spinning reels, all of which were first introduced this past March during the Bassmaster Classic at Lake Hartwell and the Classic Expo in Greenville, S.C.
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The prime factor that is driving the fishing rods market is rising adoption of fishing rods as a recreational activity among people of various age groups.