The Global Fishing Rods Market is projected to grow at a CAGR of 4.2% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The rapidly increasing popularity of fishing as a recreational activity that helps people to build strong relationships, release stress, and create a sense of thrill & challenge is driving the global market of fishing rods.
Besides, people across different countries worldwide opting for professional fishing is also augmenting the demand for high-quality fishing rods, i.e., generating growth opportunities for the leading players to offer an extensive range of fishing rods to enhance the overall experience of anglers.
Moreover, the growing inclination of people toward choosing ideal fishing rods based on the type of surroundings & fish, coupled with the mounting knowledge about the different types of rods, shall further stimulate the growth of the global market. Furthermore, trends like ice-fishing, especially across countries like the US, Canada, China, South Korea, and Russia, among others, are also playing a crucial role in surging the demand for fishing rods and driving the market, further states the research report, “Global Fishing Rods Market Analysis, 2022.”
Diverse Applications of Spinning Rods to Boost the Market during 2022-27
Spinning Rods dominated the Global Fishing Rods Market with the largest share in previous years, mainly due to their massive popularity worldwide owing to their simplicity, effortless application, lightweight, & farther lures in the water.
Besides, the capabilities of spinning rods to offer an exceptional fishing experience even across windy locations while avoiding backlashes are other prominent aspects propelling their demand globally. Moreover, their surging application in bottom fishing, live lining, bobber fishing, trolling, ice fishing, boat fishing, & surf fishing is also contributing to their mounting demand worldwide and, in turn, fueling the overall market growth.
With Abundant Angling Competitions, North America to Dominate the Fishing Rods Market
North America is witnessing a swift escalation in the people interest in practicing fishing as a recreation, i.e., the most prominent aspect driving the fishing rods market across the region. Besides, the increasing purchase power of consumers & their massive investments in purchasing technologically advanced fishing rods is another crucial aspect anticipated to boost the regional market growth through 2027. Moreover, the growing number of angling competitions hosted across countries like Canada & the US, coupled with numerous widespread water bodies like reservoirs, canals, lakes, etc., are other factors likely to play a crucial role in stimulating the market growth in North America over the forecast years, reveals MarkNtel Advisors in their research report, "Global Fishing Rods Market Analysis, 2022."
The leading players in the Global Fishing Rods Market include Clam Outdoor Corporation, Daiwa Corporation, Eposeidon Outdoor Adventure Ltd., Okuma Fishing Tackle Co. Ltd., Piscifun, Pure Fishing Inc., Shimano Inc., St. Croix Rods, TIEMCO Ltd., and Wright & McGill Co.
Key Questions Answered in the Research Report