Growing Sportfishing and Angling Popularity Likely to Drive Global Fishing Rods Sales to Over 12 Million by 2020, finds New Study
Verfasser: ashwani_kailiya on Friday, 14 June 2019Nearly 12 million units of fishing rods are likely to be sold globally, by the end of 2020. As indicated by a recent outlook by FactMR, the fishing rods market has been a significant contributor to several local economies’ buildout via activities, such as recreational and sportfishing. With broader applicability in recreation and tourism sectors, fisheries and associated markets have been witnessing significant growth opportunities over the recent past.
FactMR’s study opines that surpassing the conventional consumer interests of adventure and recreation, fishing rods manufacturers have been recently discovering profits in consistently rising penchant for sportfishing and professional angling, particularly across developed regional markets. Steady growth in demand for innovative fishing rods is envisaged as the sportfishing industry is observing a rapid surge in the number of professional angling clubs or associations.
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