Fishing Rods Market Size, Share, Growth Analysis, By Product Type(Spinning Rods, Fly Fishing Rods, Casting Rods, Others), By Raw Material(Bamboo, Fiberglass, Carbon Fiber, Others), By Application(Competitive Casting, Recreational, Commercial, Others), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2024-2031

Fishing rod sales in North America accounted for more than 45.0 percent of worldwide sales in 2021, making it the industry's largest fishing rods market. People enjoy to spend their time around the water reservoirs and have made this tranquil pastime their passion. The majority of fishing locations are also surrounded by water and vegetation, making them ideal picnic areas and places to gather with loved ones. As a result, group fishing and little competitions inside the group are also widespread in the US. The physical configuration of the aforementioned nations, which has a high number of lakes, canals, and other water reservoirs, supports all these aspects.

The market in Asia Pacific is anticipated to develop at the quickest rate, with a CAGR of 6.2 percent from 2022 to 2028. Although recreational fishing has not become particularly well-liked in the area, there has been a sharp increase in public interest in recent years. In nations like Japan, Australia, and New Zealand, fishing has been avidly practised by citizens as a kind of recreation. The primary fisheries and aquaculture sector employed an estimated 58.5 million people in 2020. While the number of fishermen has decreased, notably as a result of developments in Asia, the numbers in the aquaculture industry have stabilised. Women made up around 21% of those directly employed, and nearly 50% of those working full-time throughout the entire aquatic value chain, including post-harvest operations. According to estimates, 600 million people rely on the fisheries and aquaculture industries for their livelihoods after accounting for dependents.