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