The United States dominates the global fishing rods market with a value of $68.03 million, and the market grew by 2% in 2023. France and Australia follow, though both saw slight declines. Germany experienced the most significant contraction at -6.25%, while Sweden and Iceland showed notable growth at 2.47% and 2.72%, respectively.
Future trends to watch include:
- Increasing demand for advanced and innovative fishing technologies driving growth in key markets like the US.
- Potential recovery in European markets as eco-friendly and sustainable practices gain popularity.
- Growth opportunities in emerging markets, particularly in South America and Asia, fueled by increasing leisure activities and disposable incomes.
Top countries in Fishing Rods Market Size Value Share by Country (US Dollars)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 United States | 68.03 | 2023 | +2.26% | +2% | View data |
2 | 2 France | 5.06 | 2023 | -1.98% | -0.37% | View data |
3 | 3 Australia | 4.93 | 2023 | +1.6% | -0.32% | View data |
4 | 4 United Kingdom | 3.17 | 2023 | -3.29% | -1.62% | View data |
5 | 5 Germany | 2.85 | 2023 | -6.24% | -6.25% | View data |
6 | 6 Canada | 2.19 | 2023 | -1.55% | -0.67% | View data |
7 | 7 Italy | 1.89 | 2023 | -9.22% | -8.36% | View data |
8 | 8 Sweden | 1.5 | 2023 | +0.93% | +2.47% | View data |
9 | 9 Brazil | 1.02 | 2023 | -0.73% | -1.5% | View data |
10 | 10 Netherlands | 0.96 | 2023 | -6.53% | -5.91% | View data |