By Product (Spinning Rods, Fly Fishing Rods, Casting Rods), By Raw Material (Bamboo, Fiberglass, Carbon Fiber), By Distribution Channel (Online, Offline), By Region (North America,...... South America, Europe, Middle East & Africa, Asia-Pacific), By Countries (The US, Canada, Mexico, Brazil, Argentina, Peru, Chile, The UK, France, Germany, Italy, Spain, Norway, Sweden, UAE, Saudi Arabia, Kenya, South Africa, China, India, Japan, South Korea), By Competitors (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., Wright & McGill Co.) Read more
- FMCG
- Apr 2022
- 189
- PDF, Excel, PPT
Market Definition
Fishing rods, which help people catch the fish, comprise of a hook at the one end tied with a long & flexible rope. They are manufactured using different materials like bamboo, graphite, fiberglass, etc., and are available extensively across both online & offline sales channels. Over the years, fishing has gained significant traction, especially across Europe & North America, as it helps individuals boost their self-esteem, improve patience levels, relieve stress, and much more.
Market Insights
The Global Fishing Rods Market is projected to grow at a CAGR of around 4.2% during the forecast period, i.e., 2022-27. The market is driven primarily by the increasing inclination of people toward fishing as recreation. Besides, the burgeoning participation of individuals in fishing competitions, coupled with various government initiatives & massive funding toward promoting recreational fishing across different countries worldwide, are also driving the global market.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR(2022-27) | 4.2% |
| Regions Covered | North America: USA, Canada |
| Europe: Germany, France, Italy, UK, Russia | |
| Asia-Pacific: China, India, Japan, South Korea, Australia | |
| South America: Brazil | |
| Middle East & Africa: Saudi Arabia, Israel, Turkey | |
| Key Companies Profiled | 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., Wright & McGill Co. |
| Unit Denominations | USD Million/Billion |
Moreover, the surging number of fishing associations & clubs for recreational fishing worldwide is also promoting the overall market growth. Additionally, rigorous promotional activities by fishing rod manufacturers entwined with the rapid expansion of online retail channels offering a hassle-free shopping experience with an extensive range of rods to consumers are also acting as prominent growth drivers for the market.
Ice fishing has gained significant traction across Sweden, Russia, Canada, Greenland, etc., in recent years, owing to the freezing temperatures & extensively available lakes in these countries. These factors have encouraged the leading fishing rod manufacturers to develop rods for these climatic conditions with sensors to help consumers locate & track fishing hotspots through their smartphones, which project remunerative growth prospects for the global market through 2027. Nevertheless, the surging presence of fishers on social media for sharing their fishing moments is another crucial aspect fueling the demand for fishing rods and augmenting the overall market growth.
Impact of Covid-19 on the Global Fishing Rods Market
The advent of Covid-19 in 2020 had significant implications on various industries worldwide, yet the Global Fishing Rods Market faced a short-term impact. Due to trade restrictions & closure of industries, the sales of fish & its associated products, which highly rely on international trade, were hampered severely amidst the pandemic.
North America, one of the prime fishing rods markets worldwide, witnessed a drastic decline in its growth. However, post the upliftment of lockdown, mounting participation in fishing activities and a rapidly increasing number of recreational activities have curated new growth paths for the global market.
Moreover, with a significant upsurge in the number of fishers across the world, fishing rod manufacturers are expecting lucrative growth opportunities, which, in turn, would further accelerate the growth of the global market in the years to come.
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Preface
- Executive Summary
- Impact of Covid-19 on Global Fishing Rods Market
- Global Fishing Rods Market Trends & Insights
- Global Fishing Rods Market Dynamics
- Growth Drivers
- Challenges
- Global Content Moderation Solutions Market Hotspot & Opportunities
- Global Fishing Rods Market Outlook, 2017-2027F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Product
- Spinning Rods
- Fly Fishing Rods
- Casting Rods
- Others
- By Raw Material
- Bamboo
- Fiberglass
- Carbon Fiber
- By Distribution Channel
- Online
- Offline
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
- By Competitors
- Competition Characteristics
- Market Share & Analysis
- Competitive Metrix
- By Product
- Market Size & Analysis
- North America Fishing Rods Market Outlook, 2017-27F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Product
- By Raw Material
- By Distribution Channel
- By Country
- The US
- Canada
- Mexico
- Market Size & Analysis
- South America Fishing Rods Market Outlook, 2017-27F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Product
- By Raw Material
- By Distribution Channel
- By Country
- Brazil
- Argentina
- Peru
- Chile
- Market Size & Analysis
- Europe Fishing Rods Market Outlook, 2017-27F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Product
- By Raw Material
- By Distribution Channel
- By Country
- The UK
- France
- Germany
- Italy
- Spain
- Norway
- Sweden
- Rest of Europe
- Market Size & Analysis
- The Middle East & Africa Fishing Rods Market Outlook, 2017-27F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Product
- By Raw Material
- By Distribution Channel
- By Country
- UAE
- Saudi Arabia
- Kenya
- South Africa
- Rest of Middle East & Africa
- Market Size & Analysis
- Asia-Pacific Fishing Rods Market Outlook, 2017-27F
- Market Size & Analysis
- By Revenues (USD Billion)
- Market Share & Analysis
- By Product
- By Raw Material
- By Distribution Channel
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Market Size & Analysis
- Global Fishing Rods Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Competition Matrix
- Target Markets
- Research & Development
- Collaborations & Strategic Alliances
- Key Business Expansion Initiatives
- Business Restructuring- Mergers, Acquisitions, JVs
- Strategic Initiatives
- Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
- 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.
- Wright & McGill Co.
- Others
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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