Rising awareness of weight management among millennial is expected to drive market expansion in the near future at a CAGR of 5.60% during the forecast period 2023 to 2032.
Market Research Future (MRFR) has published a cooked research report on the “Global Rowing Machines Market” that contains information from 2018 to 2032.TheRowing Machines market is estimated to register a CAGR of 5.60% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Rowing Machines market— BODYCRAFT, Johnson Health Tech, Nautilus, Inc., Mr Captain Brand, Stamina Products, Inc., Sunny Health and Fitness, iFIT Inc., York Fitness UK, Infiniti, Concept2 inc., WaterRower, RP3 Rowing, Peloton Interactive, Inc., ERGATTA, AVIRON INTERACTIVE INC., TECHNOGYM S.p.A, Hydrow, Oartec, Decathlon, Intense Enterprises, HAMMER Sport AG, Tunturi New Fitness, adidas AG., Cosco (India) Limited, Life Fitness, Pure Design Fitness, TOPIOM, Modcon Industries Private Limited, Shandong DHZ Fitness Equipment Co., Ltd, KAYA, SHUA, and SHANDONG BAODELONG FITNESS CO., LTD among others.
Rowing Machines Market Highlights
The global Rowing Machines market is accounted to register a CAGR of 5.60% during the forecast period and is estimated to reach USD 2.2 billion by 2032.
An increase in people's knowledge about managing their weight. Millennial have access to a vast amount of information through social media and the internet in this day and age of digital technology. An increasing number of specialized gyms and increased awareness of physical activity have contributed to the growth of the worldwide rowing machine market in recent years. The cost of rowing machines has grown due to a shortage of basic materials brought on by rising demand.
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Segment Analysis
The global Rowing Machines market has been segmented based type, body type, weight capacity, distribution channel, resistant level, color and end-user.
On the basis of type, the market is segmented into Air, Water, Magnetic and Hydraulic. The hydraulic segment was attributed to holding the largest market share in 2022. Hydraulic-based indoor rowers are low-cost because the rowing machine technique doesn’t allow a person to pull in a straight line.
Based on body type, the global Rowing Machines market has been segmented into Metal and Solid Wood. The solid wood segment was expected to hold the largest market share in 2022 because the use of solid wood material are most comfort, energy efficiency and always fluctuating.
On the basis of weight capacity, the market is segmented into 300 to 499 Pounds, 200 to 249 Pounds, 100 to 199 Pounds and Under 100 Pounds. The 100 to 199 pounds segment was attributed to holding the largest market share in 2022 because it allows for a full-body, low impact, mono-structural movement that can be sustained for long periods.
On the basis of distribution channel, the market is segmented into Online and Offline. The offline segment was attributed to holding the largest market share in 2022. due to the rise in the specialty stores culture all around the world.
On the basis of resistant level, the market is segmented into Less Than 24 and More Than 24. The more than 24 segment was attributed to holding the largest market share in 2022 because it requires such intense effort, you could enjoy a shorter workout session than if you were going for a run
On the basis of color, the market is segmented into Black, Light Grey and Others. The black segment was attributed to holding the largest market share in 2022. Because these color palettes are inspired by the natural elements of the real-world.
On the basis of end-user, the market is segmented into Commercial and Residential. The commercial segment was attributed to holding the largest market share in 2022 due to the increasing number of gyms and health clubs, increasing health awareness, and growing popularity for professional trainers in gyms.
Regional Analysis
The global Rowing Machines market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Rowing Machines market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Rowing Machines market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Rowing Machines market comprises of Middle East, Africa, and Latin America.
The largest market share for Rowing Machines was maintained by the North American regional sector. The global rowing machine market was dominated by North America. When it comes to the quantity of people who join health and fitness clubs, the United States is the single largest market, which increases the number of health clubs and the need for rowing machines. In addition, people may now buy indoor rowing machines and work out whenever it's convenient for them at home. Over the course of the projection period, these variables are anticipated to drive the region's rowing machine sales volume.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Rowing Machines is driven by rising environmental consciousness and the establishment of strict environmental legislation. The region's growing gym membership and growing health consciousness. The growing demand for these devices is also fueled by the rising rates of obesity and heart disease in various European nations..
Additionally, The global rise in individual obesity rates, the increase in indoor training and sports activities, consumer spending, and cutting-edge rowing trends at the Olympic and World Championships are anticipated to propel market expansion in this area. The region's elderly population and the growing popularity of at-home gymnastics are driving up product innovation. A growing number of home studios, aging populations, rising health issues including obesity, and growing consumer health consciousness are all contributing factors.
Furthermore, the rest of the world's Rowing Machines market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of health issues including obesity and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Rowing Machines market is expected to reach USD 2.2 billion by 2032, at a CAGR of 5.60% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increase in indoor training and sports activities by government bodies through policies and initiatives.
- Based on end-user, the commercial segment was attributed to holding the largest market share in 2022.
- BODYCRAFT, Johnson Health Tech, Nautilus, Inc., Mr Captain Brand, Stamina Products, Inc., Sunny Health and Fitness, iFIT Inc., York Fitness UK, Infiniti, Concept2 inc., WaterRower, RP3 Rowing, Peloton Interactive, Inc., ERGATTA, AVIRON INTERACTIVE INC., TECHNOGYM S.p.A, Hydrow, Oartec, Decathlon, Intense Enterprises, HAMMER Sport AG, Tunturi New Fitness, adidas AG., Cosco (India) Limited, Life Fitness, Pure Design Fitness, TOPIOM, Modcon Industries Private Limited, Shandong DHZ Fitness Equipment Co., Ltd, KAYA, SHUA, and SHANDONG BAODELONG FITNESS CO., LTD among others.
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Companies Covered | 15 |
Pages | 128 |
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