United States Casting Rod Market was valued at USD 950 Million in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The U.S. casting rod market has experienced significant growth in recent years, driven by the increasing popularity of recreational fishing and advancements in rod technology. In 2022, the U.S. fishing rods market was valued at $311.2 million and is projected to reach $718.0 million by 2032, growing at a CAGR of 8.77% from 2023 to 2032. Within this market, casting rods are anticipated to reach $139.3 million by 2032, registering the highest CAGR of 8.82%. citeturn0search2
One of the key factors contributing to this growth is the rising number of recreational anglers. According to the American Sportfishing Association, over 50 million Americans participated in fishing in 2022, contributing more than $46 billion to the U.S. economy. This surge in fishing activities has led to increased demand for high-quality casting rods that offer enhanced performance and durability. citeturn0search1
Technological advancements have also played a crucial role in shaping the casting rod market. Manufacturers are now utilizing advanced materials such as carbon fiber and composite blends to produce rods that are lighter, stronger, and more sensitive. These innovations have significantly improved casting accuracy and overall user experience, making fishing more enjoyable for both amateurs and professionals. citeturn0search1
In terms of regional dynamics, North America leads the casting rod market, driven by the strong popularity of recreational fishing in the United States and Canada. The region's well-established fishing infrastructure, numerous freshwater bodies, and supportive regulations contribute to its leading position. In 2023, North America held a significant market share, and this trend is expected to continue through 2032. citeturn0search0
From an industry perspective, the requirements for casting rods vary based on the type of fishing and the target species. Freshwater rods held the largest market share in 2023, contributing approximately 45%. Saltwater rods followed at 35%, with fly fishing rods making up the remaining 20%. Freshwater rods are also projected to continue growing at the fastest rate during the forecast period. citeturn0search1
For industries involved in the production of casting rods, understanding these market dynamics is crucial. Manufacturers must focus on incorporating advanced materials and technologies to meet the evolving demands of anglers. Additionally, aligning product offerings with regional preferences and fishing practices can provide a competitive edge in the market.
In conclusion, the U.S. casting rod market is poised for substantial growth, driven by increasing participation in recreational fishing and continuous technological advancements. Industries must adapt to these trends by focusing on innovation and understanding the specific requirements of different fishing segments to capitalize on the emerging opportunities in this thriving market.
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Daiwa
Pure Fishing
Shimano
Dongmi Fishing
Weihai Guangwei Group
St. Croix Rods
Cabela's Inc.
RYOBI
Eagle Claw
Okuma Fishing
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 US Casting Rod Market
Spinning Rods
Casting Rods
Fly Rods
Trolling Rods
Fiberglass
Carbon Fiber
Graphite
Composite
Light Power
Medium Power
Heavy Power
Fast Action
Medium Action
Slow Action
Under 6 feet
6 to 7 feet
7 to 8 feet
Above 8 feet
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Casting 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. US Casting Rod Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Casting Rod Market, By Type
6. US Casting Rod Market, By Application
7. US Casting Rod Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Casting Rod Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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