Over the next few years, it is anticipated that increasing numbers of people will participate in fishing competitions and that governments in various nations will support initiatives to promote recreational fishing. Higher fishing performance for anglers has been made possible by the development of offshore wind projects in deep water, which poses little interference with fishing activities and recreational boating. Sales of fishing rods will continue to benefit from the expansion of offshore wind farm projects.
In addition, a number of government funding programmes for recreational fishing projects, given the social and economic benefits of recreational fishing, are likely to drive demand for recreational fishing gear, leading to a significant increase in the market for fishing rods. Fishing rods market growth will likely be aided by the engagement of fishing enthusiasts on social media and other digital platforms to share their catches and other fishing novelties.
One of the most popular rod types is the spinning rod, which is predicted to hold 38% of the market by the end of 2020 and surpass a US$ 1 Bn valuation. Spinning rods are used in windy areas because they facilitate casting while the majority of other types of rods fail miserably. Spinning rods continue to be preferred by anglers around the world due to their user-friendly features, convenience, and versatility as well as their affordability.
The largest market share for fishing rods worldwide belongs to sporting goods retailers, who account for almost 35% of the market. Due to the variety of options available in stores, anglers frequently upgrade their fishing rods in an effort to draw in more fish. This is helping to support the sales of fishing reels through this sales channel.
For More Insights Download Sample Copy Surfing Fishing Rods Market
Global Surfing Fishing Rods Market: Major Players
Weihai Guangwei Group
St. Croix
Eagle Claw
AFTCO Mfg.
Cabela’s Inc.
Tiemco
Dongmi Fishing
Pokee Fishing
Shimano
RYOBI
Shakespeare
Global Surfing Fishing Rods Market: By Types
Fiberglass Fishing Rods
Graphite Fishing Rods
Others
Global Surfing Fishing Rods Market: By Applications
Individual
Commercial
Other Applications
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Global Surfing Fishing Rods Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Surfing Fishing Rods market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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