What is the global market size of Fishing Rods Market?

Fishing Rods Market size was valued at USD 1.03 billion in 2021 and is poised to grow from USD 1.08 billion in 2022 to USD 1.62 billion by 2030, growing at a CAGR of 5.13% in the forecast period (2023-2030).

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

Q: Who are the key vendors in the Global Fishing Rods Market?

The global fishing rods market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'St. Croix Rods', 'Shimano Inc.', 'Abu Garcia', 'Daiwa Corporation', 'Pure Fishing Inc.', 'Okuma Fishing Tackle Corp.', 'G. Loomis Inc.', 'Fenwick', 'Orvis Company', 'Hardy & Greys Ltd.', 'Cabela's Inc.', 'Sage Fly Fishing', 'PENN Fishing Tackle Manufacturing Co.', 'Ugly Stik', 'Shakespeare', 'Tica Fishing Tackle', 'Rapala VMC Corporation', 'Gamakatsu Fishing Hooks', 'Jarvis Walker Pty Ltd', 'Rapala.'

Report ID: SQSG25J2005 | Region: Global | Published Date: April, 2024
Pages: 260 | Tables: 119 | Figures: 77

Fishing Rods Market News

In April 2022, the outdoor industry leader in North America, Bass Pro Shops, announced the opening of a new Outdoor Superstore in Orange County, California.
In February 2022, the Bass Pro Shops U.S. Open Bowfishing Championship, the pinnacle competition in the rapidly expanding sport of bow fishing, will make a comeback to the Ozarks from April 30 to May 1, 2022.

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Fishing Rods Market size was valued at USD 1.03 billion in 2019 and is poised to grow from USD 1.08 billion in 2023 to USD 1.62 billion by 2031, growing at a CAGR of 5.13% in the forecast period (2024-2031).

The fishing rods market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'St. Croix Rods', 'Shimano Inc.', 'Abu Garcia', 'Daiwa Corporation', 'Pure Fishing Inc.', 'Okuma Fishing Tackle Corp.', 'G. Loomis Inc.', 'Fenwick', 'Orvis Company', 'Hardy & Greys Ltd.', 'Cabela's Inc.', 'Sage Fly Fishing', 'PENN Fishing Tackle Manufacturing Co.', 'Ugly Stik', 'Shakespeare', 'Tica Fishing Tackle', 'Rapala VMC Corporation', 'Gamakatsu Fishing Hooks', 'Jarvis Walker Pty Ltd', 'Rapala.'

Vacations that include fishing have become very popular in recent years in North America and Europe. Popular fishing destinations across the world, such as Connemara (Ireland), the Coasts of the Scottish Highlands (Midwest), Lake Michigan (Illinois), Salmon River (New York), and Gillhams Resort, are attracting more tourists (Thailand). Fishing aficionados are frequently seen going on excursions with their families and friends since the peace and quiet in these regions makes for a pleasant place for gathering and enjoyment. In turn, it is anticipated that in the upcoming years, demand for fishing rods would rise.

Given the social and economic benefits of recreational fishing, the number of financing programs provided by governments for related initiatives is anticipated to drive demand for recreational fishing gear, leading to a considerable increase in the market for fishing rods. Fishing rods market expansion will likely be aided by the engagement of fishing enthusiasts on social media and other digital platforms to share their catches and other fishing oddities.

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.

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