Recreational Rowing Boats Market Will Grow At Highest Pace Owing To Rising Health Awareness

 

Recreational Rowing Boats Market
Recreational Rowing Boats Market

Recreational rowing boats, also known as pleasure rowing boats, are lightweight water vessels specifically designed for non-competitive rowing activities among individuals or small groups. These boats come in various designs with one or more seats for rowing and coxswains, and are primarily made of wood, aluminum, plastic or fiberglass. Recreational rowing has emerged as one of the most popular outdoor fitness activities, benefiting both physical and mental health. Rowing engages up to 86% of the body's major muscle groups and burns a high amount of calories per hour, making it an excellent full-body cardiovascular workout. Additionally, rowing out on calm waters offers a relaxing meditation while enjoying scenic views of nature.

The Global Recreational Rowing Boats Market is estimated to be valued at US$ 15.90 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Recreational Rowing Boats Market are Euro Diffusion’s, FILIPPI LIDO SRL, Row Alden, Rowing Yard Wiersma, Sykes Racing, ECHO ROWING, Kiwi International Rowing Skiffs Ltd., Empacher, Vega Realisations Composites, Leo Coastal, Whitehall Rowing & Sail, Durham Boat Company, Baumgarten Bootsbau, Virusboats, Janousek. The increasing health awareness and rising marine tourism activities across the coastal regions propel the demand for recreational rowing boats. Advancements in boat building technologies have led to development of lightweight, durable and high performance rowing boats.

Market Trends

Increasing popularity of rowing as recreational activity: Sedentary lifestyles have increased health issues like obesity. Rowing offers full body workout and engages up to 86% of body muscles. Increasing health awareness is driving sales of recreational rowing boats.
Preference for eco-friendly boats: Consumers are preferring rowing boats made using recyclable and sustainable materials like aluminum and wood over traditional materials like plastic which are non-biodegradable. Key manufacturers are focusing on developing eco-friendly boat models.

Market Opportunities

Integrating app-based features: Manufacturers can integrate GPS, speed and distance tracking features into boats through mobile apps. This will make rowing activity more engaging for users and enable real-time performance tracking.
Expanding into rental business: Companies can leverage the rental business model of providing boats on hourly, daily or weekly rental basis. This will help penetrate untapped walk-in consumer base and drive greater adoption of rowing.

Impact of COVID-19 on Recreational Rowing Boats Market

The outbreak of COVID-19 has negatively impacted the growth of the recreational rowing boats market. During the pandemic, strict lockdown and social distancing norms imposed worldwide resulted in closure of sports facilities, boating clubs and interrupted recreational activities. This massively hampered the demand for recreational rowing boats from individual consumers and clubs. Manufacturing facilities also faced operational disruptions and supply chain issues arising due to restrictions on transportation and workforce scarcity. This adversely affected market volume during 2020 and 2021.

However, post lockdowns easing, the market is recovering gradually as recreational activities resume. Meanwhile, individuals are increasingly taking up rowing as a fitness and leisure activity amid concerns over health and safety. This has emerged as a new driver of demand. Further, many destinations popular for rowing tours and cruises are reporting rise in bookings. Market players are also expanding their online sales channels and offering services like rentals and delivery to boost convenience. Governments across regions are supporting tourism and outdoor recreation sectors with funding and initiatives. Such measures will aid market revival over the coming years. Nonetheless, any future waves of virus may again pose challenges for consistent growth.

North America accounts for the largest share in the recreational rowing boats market value due to extensive boating culture and infrastructure. Rowing through waterways and lakes is a popular pastime activity among individuals and club members across the US and Canada. The region also hosts many competitions and rowing programs that drive equipment demand. In terms of growth rate, Asia Pacific region presents lucrative opportunities owing to rising affluence, growing interest in water sports among youth and government focus on developing recreational facilities. Countries like China, Japan and India are increasingly attracting investments and events in the rowing sector.

Europe is another leading geographical market concentration-wise for recreational rowing boats. Major markets include the UK, Germany, Italy and countries along the Mediterranean coast which offers ideal conditions for various types of rowing activities. Historical regions like the canals of Amsterdam and waterways of Venice are hotspots that attract rowing enthusiasts from around the world. Urban dwellers also frequently use rowing for fitness training or club competitions on rivers found across major European cities.

Get more insights on Recreational Rowing Boats Market

Comments

Popular posts from this blog

The Global Radioimmunoassay Market To Expand Rapidly Driven By Growing Healthcare Spending

Shipping Containers Market Is Driving Growth Due To Rising International Trade

Foldable Container House Market to Grow at Highest Pace Owing to Increasing Demand for Prefab Homes