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Fishing Rods Market - Spinning Rods Remain the Top-Selling Category

Nearly 12 million units of fishing rods are likely to be sold
globally, by the end of 2020. As indicated by a recent outlook by
Fact.MR, the fishing rods market
has been a significant contributor to several local economies’ buildout
via activities, such as recreational and sportfishing.  With broader
applicability in recreation and tourism sectors, fisheries and
associated markets have been witnessing significant growth opportunities
over the recent past.

Fact.MR’s study opines that surpassing the
conventional consumer interests of adventure and recreation, fishing
rods manufacturers have been recently discovering profits in
consistently rising penchant for sportfishing and professional angling,
particularly across developed regional markets. Steady growth in demand
for innovative fishing rods is envisaged as the sportfishing industry is
observing a rapid surge in the number of professional angling clubs or
associations.

Accounting for nearly 30% of the global sportfishing
equipment industry as of 2018, fishing rods have been among high
selling fishing gear and equipment, which is further estimated to thrive
with a noteworthy rise in the number of fishing and angling
tournaments. According to the study, fishing rods manufacturers are
currently focused on micro-level research targeting specific angling
requisites, which will remain an important booster to fishing rods sales
in the near future.

Competitive Assessment

The fishing rods market report includes global as well as emerging players:

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

The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

For a detailed industry outlook, Get the Report Sample at: https://www.factmr.com/connectus/sample?flag=S&rep_id=1339

Spinning Rods Remains Sought-after among Amateur Anglers

As
per the findings, nearly 2/5th of total sales is accounted by
lightweight rods, followed by the rods within a medium weight range.
Convenience of use associated with lighter weight of fishing rods will
continue to be instrumental in creating higher traction for these
categories over other variants. Moreover, spinning type of fishing rods
is currently the first choice of consumers, accounting for over 35% of
total fishing rods sales. Time-saving, easy-to-master attributes of
spinning tackle technique, particularly for amateur anglers, is likely
to remain the prominent factor responsible for retaining the top selling
position of spinning rods in market.

Regional analysis of the
fishing rods market reveals that North America and Europe remain a
lucrative market duo for manufacturers, with a primary push received
from higher investments in the field of sportfishing and the
professional fishing equipment industry. Europe has a remarkable number
of trout and salmon streams, in addition to ample coarse fish water
bodies, which continue to make the region an important marketplace for
fishing rods manufacturers. Poland has been specifically cited as a high
potential market holding robust opportunity of growth owing to a strong
fishing density of one angler per 1.23 ha of lakes, rivers, and
reservoirs.

The report opines that following developed regions,
the market for fishing rods in Asia Pacific excluding Japan (APEJ) is
progressing at a notable pace. Global players are highly likely to eye
opportunities arising in China, ASEAN countries, and Oceania. Among
these key recreational fishing clusters, Oceania registers the highest
per capita spending on recreational fishing, thereby attracting fishing
rods businesses to the APEJ region. Meanwhile, the presence of a large
number of quality water bodies and fish diversity are positioning Japan
as a strong market for commercial and recreational fishing, and
sportfishing.

Regional Analysis

Important regions covered in the fishing rods market report include:

  • North America
  • Latin America
  • Europe
  • CIS and Russia
  • Japan
  • APEJ

The fishing rods market report also provides data regarding the key countries in the defined regions.

Segmentation Analysis

By Rod Type:

  • Spinning Rods
  • Casting Rods
  • Ice Fishing Rods
  • Fly Rods
  • Trolling Rods
  • Surf Rods
  • Telescopic Rods

What insights does the fishing rods market report provide to the readers?

  • Fishing rods market fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each fishing rods market player.
  • Various regulations imposed by the governments on the consumption of fishing rods market in detail.
  • Impact
    of modern technologies, such as big data & analytics, artificial
    intelligence, and social media platforms on the global fishing rods
    market.

Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=1339

Questionnaire answered in the fishing rods market report include:

  • What is the present and future outlook of the global fishing rods market on the basis of region?
  • What are the challenges and opportunities for the fishing rods market?
  • Why the consumption of fishing rods market highest in region?
  • In which year segment is expected to overtake segment?
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