Rowing Boats Market : Global Industry Analysis and Forecast 2023-2029

Global Rowing Boats Market was valued at US$ 10.24 Bn. in 2022. The Rowing Boats Market size is estimated to grow at a CAGR of 5.2% over the forecast period.
Rowing Boats Market Overview:
The report explores the Rowing Boats market's segments (Passenger Capacity Type, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Rowing Boats market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Rowing Boats market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Rowing Boats Market Dynamics:
The demand and popularity of recreational rowing are increasing rapidly in the market. Rowing boats are known for their features, apprentice, and non-professional purposes and that boosts the market segment. In the hospitality sector, companies are investing huge amounts. And also, the number of seaside resorts and clubs is increasing very rapidly in the market which also helps the rowing boat market to grow in the forecasted period.

It is also witnessed for the mixed trend in COVID-19, it helps out many livelihoods to fulfill their family needs. There are a few factors that will hamper the market growth like the emergence of motorboats and the lack of water bodies. Many companies added lots of features to recreational rowing to make it unique and used for some other purpose like safer, reliable, and convenient which has got outstanding attraction from the market and it is also made up like customer based.

The increasing growth, as well as demand for water activities in every country, is very high. It is the oldest activity in the Paralympics and Olympics. It's a small human-powered vessel. It is used for racing purposes and has a stature across the entire world. Rowing boats are also needed for recreational purposes and subsequently, accentuate their use of them for the apprentice and non-professional. It is also known as a great activity to maintain a healthy lifestyle for urban people. In many countries, it is also used for transportation, and in rural areas or backward areas, they are used for selling goods and products. So, these are the factors that drive the market for rowing boats.

For professional rowing sports, there is a higher expectation of invoking sales of the high-end rowing boats, because of embodiment in Olympics games rowing has been recognized. There are many alternatives also available in the market so, it is expected that there can be a downturned in the recreational market. There is also high competition in this market in manufacturing at minimum prices which is expected to go down the profit margin of these companies to a worthwhile extent.
Rowing Boats Market Segment Analysis:
Based on Passenger Capacity Type, the Rowing Boats Market is segmented into a single row, two-row, four-row, and eight-row. The eight-row and four-row seaters are dominating the market share in 2021, because of the higher seat capacity, which is useful for a passenger as well as for moving goods from one place to another. It is the fastest boat of all types. And the single-row is more useful for adventure purposes. Single-row boats are very helpful for exercise.Based on End-use, the Rowing Boats Market is segmented into recreational rowing boats, and racing rowing boats. Recreational rowing boats segment are held the largest share in the market Rowing Boats because it is a perfect combination of entertainment basis as well as healthy exercise. And it is very light in weight and stable and easy to use as per the new needs, it is spreading positive impact on the market growth.
Regional Insights:
The North America region is expected to witness significant growth at a CAGR of 6.2% through the forecast period. Because of the increasing trends of recreational rowing in hotels and resorts and luxury clubs. In the US and Canada also the sale of rowing boats is increasing. Asia Pacific region is also expecting to grow in the forecasted period because of the improving the sports culture of the region.

The objective of the report is to present a comprehensive analysis of the global Rowing Boats Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Rowing Boats Market dynamic, and structure by analyzing the market segments and projecting the Rowing Boats Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Rowing Boats Market make the report investor’s guide.
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Rowing Boats Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
5.2%
US$ 10.24 Bn
US$ 14.61 Bn


Segments Covered


by Passenger Capacity Type
Single–row
Two-row
Four-row
Eight-row
by Application
Recreational rowing boat
Racing rowing boat
by Type
Sweep Rowing boats
Sculling Rowing boats
Adaptive Rowing boats
Others
by Sales Channel
Online Retails
Offline Retails


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players are:
1. Euro Diffusion’s
2. FILIPPI LIDO SRL
3. Row Alden
4. Rowing Yard Wiersma
5. Sykes Racing
6. ECHO ROWING
7. Kiwi International Rowing Skiffs Ltd.
8. Empacher
9. Vega Realisations Composites
10.Leo Coastal
11.Whitehall Rowing & Sail
12.Durham Boat Company
13.Baumgarten Bootsbau
14.Virusboats
15.Janousek

Frequently Asked Questions:

1) What is the CAGR rate of the forecasted year?
Ans. The CAGR rate of the forecasted year is 5.2%.

2)Name 4 key players in Rowing Boat Market.
Ans. Baumgarten Bootsbau, Virusboats, Janousek, Leo Coastal.

3)Which region held the largest share of the market?
Ans. North America held the largest share of this market.

4)At what segments End-use has divided?
Ans. The end-use segment has been divided into Recreational Rowing boats and Racing Rowing Boats.

5)At what segment Rowing Boat Market has divided?
Ans. On the basis of end-use and on the basis of passenger capacity.