Key segments of the fishing rod market

Fact.MR’s study of the Fishing Rods market offers information divided into five key segments: rod type, rod weight, flex type, sales channel, and region. This report offers comprehensive data and information on market dynamics and important growth parameters associated with these categories.

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Global Fishing Rods Market: Scope of the Report

Fact.MR recently published a market study on the Global Fishing Rods Market. The study provides a detailed assessment of key market dynamics including drivers, trends, opportunities, restraints, and detailed information on the structure of the Fishing Rods market. The market study presents exclusive insights into the growth of the Fishing Rods market during the forecast period 2020-2030.

The key indicators of market growth, which include annual market growth, value chain, supply chain analysis, and compound annual growth rate (CAGR) are explained in the study by Fact. MR completely. This information can help the readers to understand the quantitative growth prospects of the Fishing Rods market over the forecast period.

The study is relevant to the fishing rod market stakeholders including manufacturers, suppliers, distributors, and investors, and can help them develop appropriate strategies to expand in the market. Fishing rod market stakeholders, investors, industry experts, researchers and journalists, as well as business researchers can benefit from the information and data presented in the Fact.MR study.

The study also includes statistics as well as facts related to macro and microeconomic factors impacting the developments in the Fishing Rods market. It also offers actionable insights based on future trends in the Fishing Rod market. In addition, small businesses and new entrants in the Fishing Rod market can also use the information presented in this study, on the basis of which they can make the appropriate business decisions in order to gain momentum in the market.

Representing nearly 30% of the global sport fishing equipment industry in 2018, fishing rods were among the top selling fishing gear and equipment, furthermore expected to flourish with a notable increase in the number of fishing tournaments and angling. According to the study, rod manufacturers are currently focusing on micro-level research targeting specific angling requirements, which will remain a major boost to rod sales for the foreseeable future.

Fishing rods remain in demand among amateur fishermen

According to the results, almost 2/5^e of total sales are represented by light rods, followed by rods of medium weight. The convenience of use coupled with the lighter weight of the fishing rods will continue to play a major role in creating higher traction for these categories compared to other variations. In addition, spinning type fishing rods are currently the first choice of consumers, accounting for over 35% of total fishing rod sales. The quick and easy to master attributes of spinning tackle technique, especially for recreational anglers, will likely remain the primary factor responsible for maintaining the top selling selling position of spinning rods in the market.

Regional analysis of the fishing rod market reveals that North America and Europe remain a lucrative market duo for manufacturers, with a major push received from higher investments in sport fishing and fishing. the professional fishing equipment industry. Europe has a remarkable number of trout and salmon streams, in addition to vast bodies of coarse fish, which continue to make the region an important market for rod manufacturers. Poland was specifically cited as a high potential market with strong growth opportunities due to a high fishing density of one fisherman per 1.23 ha of lakes, rivers and reservoirs.

The report estimates that after developed regions, the Asia-Pacific excluding Japan (APEJ) fishing rod market is growing at a noticeable pace. Global players are very likely to seize the opportunities that arise in China, ASEAN countries and Oceania. Among these key recreational fishing clusters, Oceania has the highest per capita expenditure on recreational fishing, thereby attracting rod companies to the APEJ region. Meanwhile, the presence of a large number of quality water bodies and the diversity of fish position Japan as a strong market for commercial and recreational fishing, and sport fishing.

According to the Strategic Competition Landscape Analysis, a majority of fishing rod manufacturers are collaborating with popular and award-winning professional anglers for brand approval. Additionally, an important finding from Fact.MR’s research indicates that the growing number of outdoor sports and fishing exhibits provide a solid foundation for strategic collaborations and partnerships, thus contributing to the growth of the rod market. fishing. Business development strategies will also continue to focus on developing new products for versatile ranges, from budget to premium.