Sport Fishing Rods Market Focuses on Market Share, Size and Projected Forecast Till 2031

Executive Summary

The global Sport Fishing Rods market research report analyzes the current market conditions and provides valuable insights into the industry. The market is expected to grow at a CAGR of % during the forecasted period.

Market Trends:

The sport fishing rods market is witnessing several trends that are influencing its growth. The rising popularity of outdoor recreational activities, increasing disposable income, and the growing interest in fishing as a hobby are driving the demand for sport fishing rods. Additionally, advancements in technology have led to the development of lightweight and durable fishing rods, further boosting the market growth.

Geographical Spread:

- North America: The North American region holds a significant share in the sport fishing rods market owing to the presence of a large number of fishing enthusiasts and well-established fishing destinations.

- APAC: The Asia Pacific region is witnessing rapid growth in the sport fishing rods market due to the increasing popularity of fishing as a leisure activity and the availability of diverse fishing opportunities.

- Europe: Europe is a prominent market for sport fishing rods with a strong fishing culture and a growing number of fishing tournaments.

- USA: The USA has a strong market for sport fishing rods with a high demand for premium quality fishing gear.

- China: China is emerging as a key market for sport fishing rods with a growing number of fishing enthusiasts and a thriving fishing industry.

In conclusion, the global sport fishing rods market is poised for steady growth with increasing consumer interest in outdoor recreational activities and advancements in fishing gear technology. The market trends indicate a positive outlook for the industry, with lucrative opportunities in various regions worldwide.

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Market Segmentation:

This Sport Fishing Rods Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Sport Fishing Rods Market is segmented into:

• Globeride(Daiwa)
• Shimano
• Newell
• Rapala VMC Corporation
• Weihai Guangwei Group
• Dongmi Fishing
• Pokee Fishing
• Eagle Claw
• Cabela's Inc.
• St. Croix Rods
• Tica Fishing
• Tiemco
• Okuma Fishing
• Barfilon Fishing

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The Sport Fishing Rods Market Analysis by types is segmented into:

• Fiberglass Fishing Rods
• Graphite Fishing Rods
• Others

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The Sport Fishing Rods Market Industry Research by Application is segmented into:

• Freshwater
• Saltwater

In terms of Region, the Sport Fishing Rods Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Sport Fishing Rods Market

Key drivers in the sport fishing rods market include increasing participation in recreational fishing, growing popularity of competitive fishing tournaments, advancements in fishing rod technologies, and rising disposable incomes leading to higher spending on premium fishing gear.

Barriers to the market growth include restrictive fishing regulations, environmental concerns leading to conservation efforts, competition from other recreational activities, and volatility in raw material prices affecting manufacturing costs.

Challenges faced in the market include fluctuating consumer preferences, intense competition among key market players, counterfeit products affecting brand reputation, and the impact of climate change on fish populations and fishing habitats. Additionally, the COVID-19 pandemic has disrupted supply chains and dampened consumer demand for discretionary items like fishing gear.

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Competitive Landscape

Globeride (Daiwa) is a renowned player in the competitive sport fishing rods market, with a strong global presence. The company has a history of producing high-quality fishing rods and reels for over 60 years. Globeride has experienced significant growth in recent years, expanding its product line to cater to various segments of the fishing market.

Shimano is another key player in the market, known for its innovative fishing equipment and technology. The company has a history of producing top-of-the-line fishing rods and reels, with a focus on durability and performance. Shimano has shown consistent market growth, driven by its commitment to research and development.

Newell is a leading manufacturer of fishing equipment, including fishing rods and reels. The company has a history of producing quality products that cater to both recreational and competitive anglers. Newell has seen steady market growth due to its strong brand reputation and product reliability.

Rapala VMC Corporation is a well-known player in the fishing industry, offering a wide range of fishing gear and accessories. The company has a history of producing high-quality fishing rods and tackle, with a focus on innovation and design. Rapala VMC Corporation has shown impressive market growth, expanding its product portfolio to meet the changing needs of anglers.

In terms of sales revenue, Shimano reported sales of approximately $ billion in 2020, while Rapala VMC Corporation reported sales of around $400 million. Globeride (Daiwa) and Newell also reported significant sales revenue, reflecting their strong market presence and customer loyalty. These companies continue to innovate and expand their product offerings to maintain their competitive edge in the market.

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