South Korea Telescoping Fishing Rod Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030.
The South Korea telescoping fishing rod market is experiencing rapid growth as fishing enthusiasts continue to seek portable, compact, and durable solutions for their fishing needs. These telescoping rods offer great convenience, allowing anglers to easily extend or retract the rod based on their preferences and fishing environment. The market is driven by the growing popularity of recreational fishing, both among hobbyists and more serious anglers. Additionally, the increasing demand for lightweight and easy-to-carry fishing equipment has played a significant role in the expansion of the telescoping fishing rod industry in South Korea.
One of the primary drivers of the telescoping fishing rod market in South Korea is the growing interest in outdoor activities, particularly fishing. South Korea has a strong fishing culture, with numerous fishing spots along its vast coastline and inland water bodies. This has led to an increasing demand for fishing gear that can be easily transported, set up, and used. Telescoping rods are especially appealing to urban dwellers who lack the storage space for bulky fishing equipment, making them an attractive option for anglers looking for portability and convenience.
In terms of industrial requirements, various industries in South Korea, including tourism and outdoor recreation, have driven the demand for telescoping fishing rods. Companies involved in recreational tourism and outdoor sports are increasingly stocking these rods to cater to tourists seeking to engage in fishing activities during their travels. These industries have shown a growing interest in providing products that meet the expectations of both casual and professional anglers.
Telescoping fishing rods are not just a favorite among individual anglers; they are also highly regarded by commercial fishing operations. These rods are used for recreational fishing trips, providing an easy and effective way for tourists to engage in fishing without requiring professional-level equipment. Moreover, South Korea's expanding fishing tourism sector has further fueled the demand for these versatile rods.
With advancements in technology, the quality and durability of telescoping fishing rods have significantly improved. Modern rods are made from high-quality materials such as carbon fiber and fiberglass, which offer enhanced strength and flexibility. The ability to adjust the rod’s length to suit different fishing conditions makes it a favorite among South Korean anglers who are looking for both versatility and performance.
In conclusion, the South Korea telescoping fishing rod market is experiencing a boom due to the rising popularity of fishing and the increasing demand for convenient, portable fishing solutions. As industries continue to focus on meeting the needs of fishing enthusiasts, both recreational and commercial sectors are witnessing a shift toward more versatile, high-performance products like telescoping rods.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Telescoping Fishing Rod Market
Spinning Telescoping Rods
Baitcasting Telescoping Rods
Fly Fishing Telescoping Rods
Surf Casting Telescoping Rods
Telescoping Ice Fishing Rods
Under 6 Feet
6 to 8 Feet
8 to 10 Feet
Over 10 Feet
Carbon Fiber
Fiberglass
Graphite
Composite Materials
Aluminum
Professional Fishermen
Amateur Fishermen
Kids and Beginners
Travel Enthusiasts
Seasoned Anglers
Budget (< $30)
Mid-Range ($30 - $100)
Premium ($100 - $300)
Luxury (>$300)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Telescoping Fishing Rod Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Telescoping Fishing Rod Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Telescoping Fishing Rod Market, By Type
6. South Korea Telescoping Fishing Rod Market, By Application
7. South Korea Telescoping Fishing Rod Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Telescoping Fishing Rod Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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