Fishing Rod Market Set to Surge at 4.4% CAGR, Reaching US$ 1.98 Billion by 2034

According to the most recent industry analysis conducted by Fact.MR, a leading provider of market research and competitive intelligence, the global Fishing Rod Market is projected to be valued at US$ 1.29 billion in 2024 and is expected to grow to US$ 1.98 billion by the conclusion of 2034.

This market surge is fueled by a blend of technological innovations, shifting consumer inclinations toward modern fishing gear, and the rising trend of recreational fishing. The fishing rod, an essential apparatus in the realm of angling, is undergoing notable transformations to cater to the varied requirements of anglers on a global scale.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=1339

The integration of smart technologies into fishing rods emerges as a leading driver of market expansion. Incorporating sensors, Bluetooth connectivity, and GPS features enriches anglers' experiences by delivering real-time data, seamless connectivity with mobile devices, and intelligent functionalities. Moreover, ongoing exploration of advanced materials such as graphene and nano-composites fuels innovation in fishing rod design. Manufacturers prioritize crafting rods with optimal strength, sensitivity, and durability to satisfy the evolving preferences of modern anglers.

Simultaneously, the transition towards online purchasing reshapes market dynamics. eCommerce platforms offer a vast assortment of fishing rods, granting customers convenience, detailed product insights, and the flexibility to compare and select from a diverse array of options. Additionally, the surge in recreational fishing activities globally serves as a pivotal catalyst propelling fishing rod sales. With a growing number of individuals embracing fishing as a leisure pursuit, the demand for premium-quality fishing rods experiences a notable uptick.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 :
• Global demand for fishing rods is projected to increase at a CAGR of 4.4% through 2034.
• The United States market is projected to reach US$ 425.1 million by 2034-end.
• Sales of fishing rods in Japan are estimated at US$ 147.8 million for 2024.
• The market for full flex fishing rods is forecasted to reach US$ 8.37 billion by the end of 2034.
"Rapidly growing fishing tourism boosting demand for specialized fishing rods with travel-friendly and purpose-specific features," says a Fact.MR analyst.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
Leading manufacturers of fishing rods are Shimano Inc., Pure Fishing Inc., St. Croix Rods, and Daiwa Corporation. Leading companies are dominating the market with a strong product portfolio, technological prowess, and extensive distribution networks.

Industry leaders are continually launching innovative products to stay ahead. They are introducing smart fishing rods with advanced materials, and those designed for specific fishing techniques, catering to diverse consumer preferences. Companies are also expanding their global footprint through strategic acquisitions, partnerships, and entering new markets. Global expansion is helping companies to tap into emerging opportunities and increase their revenues.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

Integration of Smart Technologies: The incorporation of smart technologies, such as sensors, Bluetooth connectivity, and GPS features, into fishing rods is driving market growth. These advancements enhance anglers' experiences by providing real-time data, connectivity with mobile devices, and smart functionalities, catering to the preferences of modern anglers seeking enhanced fishing experiences.

Innovations in Materials and Design: Continuous exploration of advanced materials, including graphene and nano-composites, is fostering innovation in fishing rod design. Manufacturers are focusing on creating rods with optimal strength, sensitivity, and durability to meet the evolving demands of anglers, further propelling market growth through product differentiation and enhanced performance.

Shift towards Online Purchasing: The rise of eCommerce platforms is reshaping the way fishing rods are bought and sold. Online platforms offer convenience, extensive product information, and the ability to compare and choose from a diverse range of options, driving the growth of online sales channels and expanding market accessibility to a wider consumer base.

Surge in Recreational Fishing Activities: The increasing popularity of recreational fishing activities worldwide is a key driver of market growth. As more individuals engage in fishing as a leisure activity, there is a growing demand for high-quality fishing rods that offer superior performance and durability, stimulating market expansion as manufacturers cater to this rising demand.

Focus on Sustainability and Eco-Friendly Practices: With growing environmental awareness, there is a growing emphasis on sustainability and eco-friendly practices within the fishing industry. Manufacturers are developing fishing rods made from sustainable materials and employing environmentally friendly production processes, appealing to environmentally conscious consumers and driving market growth in this segment.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• Pure Fishing Inc.
• Shimano Inc.
• Daiwa Corporation
• Eposeidon Outdoor Adventure Ltd.
• Clam Corporation
• TIEMCO Ltd.
• Wright & McGill Co.
• Okuma Fishing Tackle Co. Ltd.
• Croix Rods
• Piscifun

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Key players in the market are predicted to witness lucrative growth opportunities in the forthcoming decade. As a result, they are constantly upgrading their product portfolios by launching novel products and investing in research and development. For instance,

• In June 2020, Ingredion Incorporated launched NOVELOSE 3490, an insoluble dietary fiber derived from tapioca and classified as a type 4 resistant starch. The new product is intended to be used in a wide range of bakery and snack applications.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐅𝐢𝐬𝐡𝐢𝐧𝐠 𝐑𝐨𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Rod Type :
o Spinning Rods
o Casing Rods
o Ice Fishing Rods
o Fly Rods
o Surf Rods
o Telescopic Rods

• By Rod Weight :
o Ultra-Light
o Light
o Medium
o Medium-Heavy
o Heavy
o Extra-Heavy

• By Flex Type :
o Tip Flex
o Mid Flex
o Full Flex

• By Sales Channel :
o Supermarkets/Hypermarkets
o Sports Stores
o Specialty Stores
o Online Stores
 Company Websites
 Third-Party Online
 Specialty Online
o Direct Procurement

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o Middle East & Africa

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/1339/fishing-rod-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

Fishing hooks Market: https://www.factmr.com/report/1079/fishing-hooks-market

Fishing Lure Market: https://www.factmr.com/report/5293/fishing-lure-market

Alpine Ski Equipment Market: https://www.factmr.com/report/224/alpine-ski-equipment-market

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