Global Fishing Rods Market to Reach USD 32.3 billion by 2028, By SkyQuest Technology

Given the social and economic advantages of recreational fishing, it is expected that the number of funding programs offered by governments for associated activities would raise demand for recreational fishing equipment, resulting in a significant expansion of the fishing rod market. The participation of fishing enthusiasts on social media and other digital platforms to share their catches and other fishing oddities will probably help the growth of the global fishing rods market.

The market is developing largely as a result of increasing personal disposable income and the global popularity of fishing competitions. The growing interest in ice fishing, the expansion of research and development, and the custom of fishing on vacations are further indirect market growth factors. The growing use of e-commerce platforms increased knowledge of the advantages of fishing rods, such as their ability to cast bait into far waters, and expanding use of social media platforms will all contribute to long-term market development possibilities.

Changes in the pricing of raw materials will severely impede long-term market expansion. Government-imposed restrictive fishing regulations and escalating environmental worries can further obstruct business growth. Increased attempts to protect and preserve endangered animals and the continuously growing vegan population will once again reduce the market's rate of growth.

Get Detailed Information Here: https://skyquestt.com/report/fishing-rods-market

Read market research report, "Global Fishing Rods Market By Product Type (Spinning Rods, Fly Fishing Rods, Casting Rods and Others), Raw Material (Bamboo, Fiberglass, Carbon Fibre, Others), Application (Competitive Casting, Recreational, Commercial, Others), Distribution Channel (Online, Offline), and Region -Forecast And Analysis 2022-2028" By Skyquest

North America was the greatest market for fishing rod sales in 2021, with more than 45.0 percent of global sales. People love to hang out by water reservoirs and have made this peaceful activity their passion. In addition to being surrounded by water and nature, most fishing spots also provide great picnic spots and places to spend time with loved ones. Group fishing and little tournaments within the group are therefore very common in the US. All these elements are supported by the physical layout of the aforementioned countries, which contains a significant number of lakes, canals, and other water reservoirs.

With a CAGR of 6.2 percent from 2022 to 2028, the market in the Asia Pacific is predicted to grow the fastest. Despite the fact that recreational fishing has not gained much popularity in the region, there has been a significant rise in public interest in recent years. Fishing has long been a popular pastime for inhabitants in countries like Japan, Australia, and New Zealand. In 2020, 58.5 million people were working in the primary fisheries and aquaculture sector. While there are fewer fishermen now, particularly as a result of events in Asia, the aquaculture sector's numbers have stabilised.

Click Here to Download and Understand Latest Key Trends: https://skyquestt.com/sample-request/fishing-rods-market

Over 86 percent of the overall income in 2021 was generated through offline methods, a resounding majority. People decide to buy the rods after really utilising them. The majority of anglers pay great attention to how the gear feels in their hands and during use. A successful transaction requires help throughout the purchase because a fishing rod is not a product that is used regularly. Customers are well-served by physical establishments that provide this support.

In the whole aquatic value chain, including post-harvest activities, women made up approximately 50% of those working full-time and around 21% of those who were directly employed. After taking into consideration dependents, it is estimated that 600 million people rely on the fisheries and aquaculture sectors for their living.

The internet channel is expected to experience a CAGR of 6% between 2021 and 2028. Since these products are newer than their rivals, there is less of a market for them. Most fishermen are older than 35, and few of them have ever done any internet shopping. Online platforms are expected to be more important in the coming years as fishing becomes popular among millennials and generation Z.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

What does this Report Deliver?
Market Estimation for 20+ Countries
Fishing Rods Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional and Country specific Fishing Rods Market Trends
Comprehensive Mapping of Fishing Rods Industry Parameters
Attractive Investment Proposition in the Global Fishing Rods Industry
Competitive Strategies Adopted by Fishing Rods Market Key Players
Drivers, Restraints, Opportunities, Challenges and the impact on the Fishing Rods Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Fishing Rods Market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Fishing Rods Market Sales
Parent market analysis
Product portfolio benchmarking

Speak with our analyst for more information: https://skyquestt.com/speak-with-analyst/fishing-rods-market

SkyQuest has segmented the Global Fishing Rods Market based on Product, Application, Raw Material, Distribution Channel, and Region:
Global Fishing Rods Market by Product Type (Revenue, US$ Billion, 2021 - 2028)
Spinning Rods
Fly Fishing Rods
Casting Rods
Others), Raw Material (Bamboo, Fiberglass, Carbon Fibre and Others), Application (Competitive Casting, Recreational, Commercial and Others), Distribution Channel (Online and Offline

Global Fishing Rods Market by Raw Material (Revenue, US$ Billion, 2021 - 2028)
Bamboo
Fiberglass
Carbon Fibre
Others Application

Global Fishing Rods Market by Application (Revenue, US$ Billion, 2021 - 2028)
Competitive Casting
Recreational
Commercial
Others

Global Fishing Rods Market by Distribution Channel (Revenue, US$ Billion, 2021 - 2028)
Online
Offline

Global Fishing Rods Market By Region (Revenue, US$ Billion, 2021 - 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA

Key Players in the Global Fishing Rods Market
Cabela's Inc. (US)
AFTCO Mfg. (US)
Eagle Claw (US)
Dongmi Fishing (China)
RYOBI (Japan)
Preston Innovations (UK)
Shakespeare (US)
Pokee Fishing (Hong Kong)
Tica Fishing (China)

About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com

This release was published on openPR.