Fishing Rods Market to Expand at a Healthy CAGR of 4.5% through 2030

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Over the next few years, the fishing rods market is predicted to grow due to increased participation in fishing contests and government funding for recreational fishing activities in various nations.

During the projection period of 2020-2030, the fishing rods market is estimated to grow at a value CAGR of 4.5 percent, generating an absolute dollar potential of US$ 1.5 billion. Spinning rods are expected to expand 1.7 times faster than flying rods in 2020. Casing rods, on the other hand, will account for 18% of the whole market in 2020.

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Key Segments of Fishing Rods Market

Rod Type	Spinning Rods Carbon Fibre Fibreglass Casing Rods Carbon Fibre Fibreglass Ice Fishing Rods Carbon Fibre Fibreglass Fly Rods Carbon Fibre Fibreglass Surf Rods Carbon Fibre Fibreglass Telescopic Rods Carbon Fibre Fibreglass
Rod Weight	Ultra Light Light Medium Medium Heavy Heavy Extra Heavy
Flex Type	Tip Flex Mid Flex Full Flex
Sales Channel	Supermarkets/ Hypermarkets Sports Stores Speciality Stores Online Stores Company Websites Third-party Online Specialty Online Direct Procurement

Market for Fishing Rods: A Competitive Analysis

The fishing rods market is highly fragmented, with a huge number of small businesses competing. Pure Fishing Inc., Shimano Inc., Wright & McGill Co., Okuma Fishing Tackle Co. Ltd., Daiwa Corporation, Eposeidon Outdoor Adventure Ltd., Clam Corporation, TIEMCO Ltd., St. Croix Rods, and Piscifun are some of the leading competitors in the market.

The fishing rods market is still growing steadily, with low-to-moderate expansion in developed nations and slightly stronger expansion in developing areas. Low entry barriers resulted in an infusion of new businesses in the fishing rods industry, adding to the already fierce rivalry.