Global Fishing Rods Market, By Product Type (Spinning Rods, Fly Fishing Rods, Casting Rods and Others), Raw Material (Bamboo, Fiberglass, Carbon Fibre and Others), Application (Competitive Casting, Recreational, Commercial and Others), Distribution Channel (Online and Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Fishing Rods Market
The fishing rods market is expected to be growing at a growth rate of 4.87% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of fishing rods market. This rise in fishing rods market value can be attributed to the various factors such as increased focus of the product manufacturers on product innovations, surging demand for spinning fishing rods, growing popularity of fishing as a sport, growth and expansion of sports equipment industry especially in the developing economies, growing popularity of e-commerce platforms especially in the developing economies and increasing personal disposable income.
From the name itself, it is clear that fishing rod is equipment, which is used while fishing to bait the fishes. In other words, fishing rods help the fishermen or other individuals to catch fishes. The fishing rods consist of a hook at the one end tied with a long and flexible rope. These hooks are used to bait the fishes and catch them easily. Fishing rods are manufactured using varying materials and can be purchased via both online and offline modes of distribution.
Rising popularity of angling competitions around the globe and increasing personal disposable income are the major factors fostering the growth of the market. Growing trend of fishing on vacations, rise in research and development activities and rising fondness for ice fishing are some other indirect market growth determinants. Growing penetration of e-commerce platforms, rising awareness about the advantages of fishing rod such as their ability to cast baits in distant water and rising awareness via social media platforms will also create lucrative and remunerative market growth opportunities in the long run.
On the flip side, fluctuations in the prices of raw materials will pose a major challenge to the growth of market in the long run. Stringent regulations imposed by the government on fishing and rising environmental concerns will further derail the market growth rate. Increased initiatives to protect and safeguard the endangered species and ever-growing vegan population base will yet again hamper the market growth rate.
This fishing rods market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fishing rods market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fishing Rods Market Scope and Market Size
The fishing rods market is segmented on the basis of product type, raw material, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the fishing rods market has been segmented into spinning rods, fly fishing rods, casting rods and others.
- On the basis of raw material, the fishing rods market is segmented into bamboo, fiberglass, carbon fibre and others.
- On the basis of application, the fishing rods market is segmented into freshwater and saltwater.
- On the basis of distribution channel, the fishing rods market is segmented into online distribution channel and offline distribution channel. Online distribution channel segment is sub-segmented into e- commerce platforms and company owned websites. Offline distribution channel segment is sub-segmented into speciality stores, sports stores, discount and department stores and others.
Fishing Rods Market Country Level Analysis
The fishing rods market is segmented on the basis of product type, raw material, application and distribution channel.
The countries covered in the fishing rods market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominate the fishing rods market and will continue to excel its trend of dominance during the forecast period owing to the strong demand for fishing sport in this region. Asia-Pacific will undergo substantial gains owing to the growing personal disposable income and growing consumption of fish.
The country section of the fishing rods market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fishing Rods Market Share Analysis
The fishing rods market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fishing rods market.
The major players covered in the fishing rods market report are 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 domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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