Los Angeles, CA -- (SBWIRE) -- 12/05/2019 -- "Global Fishing Rods Market Report, History and Forecast 2013-2025," is the new research report released by QYR Consulting for the forecasted period of 7-years, i.e. between 2018 and 2025. Development of fishing techniques and launch of new innovative corrosion free products are predicted to trigger the market growth. Fishing is known as one of the recreational activities and it has been noticed that people all around the world are participating in these activities in a large number. Different companies and Fishing Rod manufacturers are organizing fishing competitions to attract a large number of customers.

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Global Fishing Rods Market: Drivers and Restraints

The development of offshore wind farms is prophesied to drive the global Fishing Rods market. Growing interests of fishers, government initiatives for recreational fishing, and increasing participation in fishing activities are the factors foretold to bode well in the Fishing Rods market across the globe. Rising sales of fishing boats could also help in the support of companies, which are primarily manufacturing Fishing Rods.

Since past few years, Fishing Rod manufacturers have been arranging large fishing festivals and social media is helping to transmit the news of the festival. It is generating interest among beginners for angling as a recreational activity, which is likely to increase the demand for Fishing Rods.

Global Fishing Rods Market: Segmental Analysis

The global Fishing Rods market is segmented into two segments such as by rod type and by distribution channel. By rod type, the market is segmented into Casting Rods, Trolling Rods, Spinning Rods, Telescopic Rods, Fly Rods, Ice Fishing Rods, and Surf Rods. Spinning rods are user-friendly, therefore it is expected to acquire a prominent share in the global Fishing Rods market during the predicted period. Apart from this, spinning rods are highly preferred for fishing because of their versatility and affordability, which could further increase the demand in the global market.

By distribution channel, global Fish Rods market is segmented into sports store, direct procurement, online, hypermarket, and store. Among distribution channels, direct procurement is foreseen to grow with high potential.

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Global Fishing Rods Market: Regional Analysis

Regionally, Europe is projected to dominate in the global Fishing Rods market followed by North America. The implementation of various government programs linked with fishing techniques, gears, and activities is supporting Europe to be at the forefront in the market across the globe. North America and Europe are anticipated to record more focus of manufacturers on giving high-quality products to a particular group of customers. Manufacturers are also foreshown to introduce innovative products to engage the number of consumers.

Global Fishing Rods Market: Key Players

Some of the key market participants operating in the global Fishing Rods market are Shimano Inc., Daiwa Corporation, TIEMCO Ltd., Eposeidon Outdoor Adventure Ltd., Pure Fishing, Inc., Wright & McGill Co., Piscifun, Okuma Fishing Tackle Co. Ltd., and St. Croix Rods. Around one-fifth of the global Fishing Rods market is prognosticated to rule by the key market participant and the remaining part of the market could be managed by relatively new players. Apart from this, companies are expected to concentrate on market expansion, acquisitions of small-scale companies, and product differentiation.