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Fishing Rods Market by Product (Spinning), by Fly Fishing, by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Fishing Rods Market size was valued at USD 3.52 billion in 2023 and is projected to reach USD 4.89 billion by 2032, exhibiting a CAGR of 4.8 % during the forecast period. Fishing rods are long and somewhat elastic tools serviceable for catching fish. They are of different categories; the spinning rods, the casting rods, the fly rods, and the trolling rods. Each type is designed to suit specific fishing methods as well as conditions. Spinning rods are very useful and anyone can handle them right from children, novices, or occasional fishers. Casting rods provide directions and power to the more skilled fishers in fishing exercises. Fly rods can be used only for fly fishing and it is a type of fishing that needs some skills and proper tactics. Trolling rods are strong, and built for deep-water fishing as well as large fish pulls. These comprise the length of the rod, the type of material used, the action of the rod, as well as power, all of which determine casting distance, casting strength, and feel of the fish. The varieties of fishing tackle include those for freshwater fishing and those used for sea fishing which includes professional fishing.
The market is moderately concentrated, with established players holding a significant share. Innovation plays a crucial role, as new materials and designs enhance angler experience. Regulations on fishing practices and the availability of product substitutes can impact market dynamics. End-user concentration primarily lies within recreational and professional fishing sectors, with moderate M&A activity.
The report provides a comprehensive analysis of the Fishing Rods Market, covering key trends, challenges, drivers, and opportunities. It offers detailed segmentation, a competitive landscape, and forecasts for the future.
Product Segmentation
Distribution Channel Segmentation
End User Segmentation
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.8% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.8% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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