The
global
sports fishing equipment market is expected to grow at a CAGR of 3.80%
during the forecast period. Based on product, the global sports fishing equipment
market has been segmented into fishing rods, fishing reels, fishing lures, and
others.

Fishing rods are available in various
lengths and can be customized according to end-user requirements. Short fishing
rods bend less than long fishing rods. Long fishing rods are suitable for
long-distance casting and are ideal for deep fishing. Some of the popular types
of fishing rods available in the global market are casting rods, spinning rods,
fly rods, and pen rods. Some of the prominent vendors that offer fishing rods
in the global market are Eagle Claw Fishing Tackle Co., Pure Fishing, Shimano,
and Daiwa.
Some vendors operating in the market
are focusing on expanding their product offerings by launching new variants of
fishing rods. For instance, in May 2019, Okuma fishing tackle announced the
launch of lightweight Nesika Surf rods with small diameters. These fishing rods
feature the ultimate flex reinforcement tip technology that improves rod
strength without compromising on sensitivity. The development of new variants of
fishing rods with improved technologies will encourage more end-users to invest
in such models, subsequently accelerating the growth momentum of the sports
fishing equipment market during the forecast period.
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