Lure Fishing Rod Market Revenue was valued at USD 1.5 Billion in 2024 and is estimated to reach USD 2.3 Billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.
The global Lure Fishing Rod Market was valued at approximately USD 1.4 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% during the forecast period. This growth is driven by the increasing popularity of recreational fishing and the rising trend of outdoor activities worldwide. Factors such as advancements in fishing rod materials and design innovations are enhancing user experience, further fueling demand. North America accounted for the largest market share in 2022, driven by high participation rates in recreational fishing and well established fishing infrastructure. Meanwhile, the Asia Pacific region is expected to witness the highest CAGR, attributed to a growing interest in fishing as a leisure activity and expanding middle class populations in countries like China and India.
Europe represents a significant market, supported by robust fishing traditions and increasing demand for eco friendly fishing equipment. The Middle East and Africa are emerging markets, with opportunities tied to the development of coastal tourism and increased awareness of fishing sports. Latin America is also witnessing steady growth, with Brazil and Argentina leading the way due to abundant fishing resources and favorable government initiatives. The growing e commerce sector is playing a critical role across all regions, enabling easy accessibility to a wide range of lure fishing rods, further boosting market growth.
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Newell (Jarden Corporation)
Shimano
Globeride(Daiwa)
Rapala VMC Corporation
Weihai Guangwei Group
Dongmi Fishing
Johshuya Co.
Johnson Outdoors
Cabela's Inc
Wright & McGill
Pokee Fishing
St. Croix Rods
Gamakatsu
Tica Fishing
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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. 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 Global Lure Fishing Rod Market
Spinning Rods
Baitcasting Rods
Fly Rods
Surf Rods
Telescopic Rods
Graphite Rods
Fiberglass Rods
Composite Rods
Carbon Fiber Rods
Short Rods (less than 6 feet)
Medium Rods (6 to 7 feet)
Long Rods (more than 7 feet)
Fast Action Rods
Moderate Action Rods
Slow Action Rods
Bass
Trout
Pike
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 Global Lure 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. Global Lure Fishing Rod Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Lure Fishing Rod Market, By Type
6. Global Lure Fishing Rod Market, By Application
7. Global Lure Fishing Rod Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Lure Fishing Rod Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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