About Casting Fishing Rods
A casting fishing rod is designed to offer the right results when while fishing in open waters or running streams. The rod allows to accurately position the bait on the hook so that it is not a tedious task to trap the fish. Casting rods are designed for bait cast and spin-cast reels where spinning rods are matched with spinning reels. These rods generally have larger rod guides to handle the heavier line of baitcasting reels. Casting rods that are short and come with pistol grip handles and smaller rod guides can be matched with spin-cast reels filled with lighter lines which are ideal for beginners because it is easier to cast than the baitcasting combo.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Casting Fishing Rods market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Daiwa (United States), Dongmi Fishing (China), Pure Fishing (United States), Cabela's Inc. (United States), Shimano Fishing (Japan), Okuma Fishing (Taiwan), St. Croix Rods (United States), Kastking (United States), Eagle Claw (China), Abu Garcia (Sweden), Zebco Holdings, Inc.(United States) and Ardent Tackle LLC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Casting Fishing Rods market by Type (Baitcasting Rod and Spin Casting Rod) and Region.
On the basis of geography, the market of Casting Fishing Rods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Casting Fishing Rods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Length, the sub-segment i.e. Less than 6 ft. will boost the Casting Fishing Rods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Handle Type, the sub-segment i.e. EVA Foam Handles will boost the Casting Fishing Rods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Rod Material, the sub-segment i.e. Fiberglass will boost the Casting Fishing Rods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand from Aquaculture Practices
Market Growth Drivers:
Growing Participation Rates in Fishing Activities and Rising Demand due to Light Weight and Ease to Use
Challenges:
Availability Low-Quality Products
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Technological Advancements in Fishing Rods and Demand for Custom Casting Rods
Market Leaders and their expansionary development strategies
The largest fishing tackle manufacturer in the world, Pure Fishing Inc., has announced the acquisition of Svendsen Sport, a major provider of fishing gear in Europe and the proprietor of several well-known brands there, including Savage Gear, Prologic, MadCat, WaterWolf, and DAM
Spinning rods dominated the market for fishing rods and generated more than 35.0% of global sales
Key Target Audience
Manufacturers of Casting Fishing Rods, Suppliers of Casting Fishing Rods, Wholesalers, Distributors and Retailers of Casting Fishing Rods, End-User, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.