Market research by Fact.MR gives exclusive insights on market growth. The study identifies crucial trends driving the growth of the Fishing Rods market. This newly released report sheds light on vital dynamics, such as drivers, restraints, and opportunities for major market players as well as emerging players associated with production and supply. Fact.MR Latest Report Provides Detailed Analysis of Fishing Rods Market
The report offers actionable and valuable insights into the Fishing Rods market. The latest report from Fact.MR provides details about the current market scenario across different regions along with the historical data and forecast of the market. The report also includes sales and demand information for the Fishing Rods market across various industries and regions.
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This newly released and insightful report sheds light on the Fishing Rods Market insights, key dynamics, their impact on the overall value chain from vendors to end users and the Fishing Rods Market growth..
Key segments of the fishing rods market
Fact.MR’s study of the fishing rod market offers information divided into five key segments: rod type, rod weight, flex type, sales channel and region. This report offers comprehensive data and insights on market dynamics and important growth parameters associated with these categories.
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Global Fishing Rods Market: Scope of the Report
Fact.MR recently published a market study on the global fishing rod market. The study provides a detailed assessment of key market dynamics, including drivers, trends, opportunities, restraints and detailed information on the structure of the Fishing Rods market. The market study presents exclusive insights into the growth of the Fishing Rods market over the forecast period 2020-2030.
The key indicators of market growth, which include market growth year-on-year (YoY), value chain, supply chain analysis, and compound annual growth rate (CAGR ) are fully explained in the Fact.MR study. This information can help readers understand the quantitative growth prospects of the Fishing Rods market over the forecast period.
The study is relevant for Fishing Rods market stakeholders including manufacturers, suppliers, distributors, and investors and can help them to develop appropriate strategies to expand in the market. Fishing Rod market stakeholders, investors, industry experts, researchers and journalists, and business researchers can benefit from the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro and micro economic factors that impact the development of the Fishing Rods market. It also offers actionable insights based on the future Fishing Rod market trends. In addition, small businesses and new entrants in the Fishing Rods market can also utilize the information presented in this study, based on which they can take appropriate business decisions in order to gain momentum in the market.
Accounting for nearly 30% of the global sport fishing gear industry in 2018, fishing rods are among the top-selling fishing gear and equipment, which is further expected to flourish with a notable increase in the number of fishing tournaments and line fishing. According to the study, fishing rod manufacturers are currently focusing on micro-level research targeting specific angling requirements, which will remain an important driver of fishing rod sales in the near future.
Casting rods remain sought after by amateur anglers
According to the results, almost 2/5e of total sales are represented by light rods, followed by medium weight rods. The convenience of use coupled with the lighter weight of the rods will continue to be instrumental in creating higher pull for these categories compared to other variants. In addition, spinning type fishing rods are currently the top choice of consumers, accounting for more than 35% of total fishing rod sales. The time-saving and easy-to-master attributes of spinning fishing technique, especially for recreational anglers, are likely to remain the primary factor responsible for maintaining the selling position of spinning rods in the market.
Regional analysis of the fishing rod market reveals that North America and Europe remain a lucrative market duo for manufacturers, with a major boost received from higher investments in sport fishing and the professional fishing equipment industry. Europe has a remarkable number of trout and salmon waterways, in addition to vast bodies of common fish waters, which continue to make the region an important market for rod makers. Poland was specifically cited as a high-potential market with solid growth opportunities due to a high fishing density of one fisherman per 1.23 ha of lakes, rivers and reservoirs.
The report estimates that after developed regions, the Asia-Pacific ex-Japan (APEJ) fishing rod market is growing at a notable pace. Global players are very likely to seize opportunities in China, ASEAN countries and Oceania. Of these key recreational fishing clusters, Oceania has the highest per capita spending on recreational fishing, attracting rod companies to the APEJ region. Meanwhile, the presence of a large number of quality water bodies and the diversity of fish position Japan as an important market for commercial and recreational fishing and sport fishing.
According to the strategic analysis of the competition landscape, the majority of fishing rod manufacturers work with popular and award-winning professional anglers for brand endorsement. Additionally, an important finding from Fact.MR’s research points to the emergence of a growing number of outdoor sports and fishing exhibits laying a solid foundation for strategic collaborations and partnerships, contributing to the growth future of the fishing rod market. Business development strategies will also continue to focus on the development of new products that meet versatile ranges, from budget to premium.
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More Valuable Insights into the Fishing Rods Market
Fact.MR, in its new report, offers an unbiased analysis of the Fishing Rods market, sales and demand for Fishing Rods, analyzing forecast statistics to 2019 and beyond. The study reveals growth projections based on various criteria.
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