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ROWERS MARKET REPORT OVERVIEW
Global rowers market size was projected at USD 1.37 billion in 2024 and is anticipated to reach USD 2.17 billion by 2033, registering a CAGR of 4.7% during the forecast period.
The rowing market has experienced significant growth and diversification in recent years, driven by increased awareness of the health benefits associated with rowing, the rise of indoor rowing as a popular fitness activity, and the expansion of competitive rowing at both amateur and professional levels. Indoor rowing machines, also known as ergometers or rowing ergs, have become a focal point in the rowers market. These machines simulate the motion of rowing on water and offer a full-body workout, making them attractive to fitness enthusiasts looking for an effective and low-impact exercise option. Companies like Concept2, WaterRower, and NordicTrack dominate this segment, constantly innovating to enhance user experience with features such as connected fitness technology, virtual rowing competitions, and personalized training programs.
In the outdoor rowing market, traditional rowing equipment manufacturers continue to thrive, catering to the needs of rowing clubs, schools, and competitive rowers. Companies like Vespoli, Filippi, and Empacher are renowned for producing high-quality rowing shells, oars, and accessories. The outdoor rowing market is not only about equipment but also includes apparel, safety gear, and technology to enhance training and performance.
COVID-19 IMPACT
"Virtual Training and Connected Fitness to Boost Market Growth Significantly"
The global COVID-19 pandemic has been unprecedented and staggering, with the rowers market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The pandemic-induced lockdowns and social distancing measures led to a surge in interest in home fitness solutions. As a result, there was an increased demand for indoor rowing machines as people sought versatile and effective workout options to maintain their fitness routines at home. To adapt to the changing landscape, many rowing equipment manufacturers and fitness technology companies introduced virtual training platforms and connected fitness solutions. These innovations enhanced the user experience by offering interactive and engaging workouts, fostering a sense of community among rowing enthusiasts.
The pandemic underscored the importance of health and well-being, prompting individuals to invest in home fitness equipment for long-term wellness goals. Rowing, with its low-impact and full-body benefits, became an attractive option for those seeking effective and enjoyable workouts at home. The market is anticipated to boost the rowers market growth following the pandemic.
LATEST TRENDS
"Smart and Connected Rowing Machines to Drive Market Growth"
The integration of technology into rowing machines continues to be a significant trend. Smart rowers with features like Bluetooth connectivity, interactive screens, and compatibility with fitness app provide users with data tracking, virtual workouts, and interactive training experiences. The rise of virtual communities and social platforms dedicated to rowing enthusiasts has created a sense of community among users. Manufacturers may focus on integrating social features into their products, allowing users to connect, compete, and share their workout experiences online.
Advanced rowing machines may come equipped with artificial intelligence or machine learning capabilities that tailor workouts based on individual fitness levels, goals, and performance metrics. This personalization enhances the user experience and helps individuals achieve their fitness objectives more effectively. These latest developments are anticipated to boost the rowers market share.
ROWERS MARKET SEGMENTATION
By Type
Based on type the global market can be categorized into Under 200 Pounds, 200 to 299 Pounds, 300 to 499 Pounds and 500 Pounds & Above.
- Under 200 Pounds: In this price range, you will typically find entry-level or basic rowing machines. These models are designed for affordability and may have simpler features. Common features include manual resistance adjustment, basic LCD monitors for tracking workout data, and a more straightforward design. Materials and build quality may be more basic compared to higher-priced options, but these machines still provide a functional workout for users on a budget.
- 200 to 299 Pounds: Rowing machines in this mid-range price segment often offer a balance between affordability and enhanced features. You may find models with improved resistance systems, more advanced LCD screens with additional workout metrics, and better build quality. Some mid-range rowers may also incorporate folding mechanisms or space-saving designs, making them suitable for users with limited space at home.
- 300 to 499 Pounds: In this price range, rowing machines tend to offer more advanced features, durability, and a smoother rowing experience. Resistance mechanisms may include air, magnetic, or water resistance, providing users with more options for customizing their workouts. Enhanced technology features such as Bluetooth connectivity, compatibility with fitness apps, and more comprehensive workout programs are often present in this segment. Build quality and materials may be noticeably better, contributing to a more comfortable and stable rowing experience.
- 500 Pounds & Above: Rowing machines priced at 500 pounds and above are typically considered high-end or commercial-grade equipment. These models often feature top-tier build quality, advanced resistance systems, and innovative technology integration. High-end rowers may use premium materials, have a longer lifespan, and provide a more realistic rowing experience, especially in the case of water resistance models. Touchscreen displays, extensive workout programs, and compatibility with virtual training platforms are common in this price range. Some rowers in this segment may be designed for commercial gym use, showcasing robust construction and accommodating a wide range of users.
By Application
Based on application the global market can be categorized into Family use and Professional use.
- Family Use: Rowing machines are popular choices for home fitness among families. They provide a convenient and effective full-body workout, making them suitable for various fitness levels within a household. Many rowing machines designed for family use feature space-saving designs, foldable frames, or easy storage options to accommodate households with limited space.
- Professional Use: Rowing machines are common fixtures in commercial gyms, providing gym-goers with a low-impact, high-intensity cardio option. The versatility of rowing machines makes them suitable for users with different fitness goals. Professional athletes and sports teams often incorporate rowing machines into their training routines. Rowing helps improve cardiovascular fitness, strength, and endurance, making it a valuable cross-training tool for various sports.
DRIVING FACTORS
"Rising Fitness Consciousness to Boost the Market"
The global trend towards healthier lifestyles and increased fitness consciousness has led to a growing demand for versatile and effective fitness equipment. Rowing machines offer a full-body workout, making them appealing to individuals seeking comprehensive and efficient exercise options. The shift towards home-based workouts has been accelerated by factors such as convenience, time constraints, and the impact of the COVID-19 pandemic. Rowing machines, particularly those with space-saving designs, have become popular choices for home gyms, contributing to the overall growth of the rowers market.
"Versatility in Training to Expand the Market"
Rowing machines are known for their versatility. They not only provide effective cardiovascular training but also engage multiple muscle groups, offering a comprehensive workout. This versatility appeals to users looking for equipment that can support various fitness goals, from weight loss to muscle toning. Rowing provides a low-impact cardiovascular workout that is gentle on the joints, making it suitable for a wide range of users, including those with joint issues or injuries. The emphasis on joint-friendly exercise options has driven interest in rowing machines. These factors are anticipated to drive the rowers market share.
RESTRAINING FACTOR
"High Initial & Maintenance Costs to Potentially Impede Market Growth"
Quality rowing machines with advanced features can be relatively expensive compared to other fitness equipment. The high initial cost may discourage some potential buyers, especially those on a tight budget or those who are uncertain about their commitment to a regular fitness routine. Like any fitness equipment, rowing machines require maintenance, and occasional repairs may be needed. The cost and inconvenience associated with maintenance and repairs can be a deterrent for some consumers, especially if they are not mechanically inclined. The factors are anticipated to hinder the growth of the rowers market growth.
ROWERS MARKET REGIONAL INSIGHTS
"North America to Dominate the Market due to Fitness Conscious Culture and Home Fitness Trend"
The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
North America, particularly the United States and Canada, has a strong culture of fitness and wellness. The population in these countries places a significant emphasis on maintaining an active and healthy lifestyle, which contributes to the demand for various fitness equipment, including rowing machines. The trend towards home-based fitness has been prominent in North America, especially with the increasing popularity of home gyms. Rowing machines, offering a full-body workout with relatively low impact, are attractive to individuals looking for effective fitness equipment for home use. Trends set by fitness influencers, celebrities, and health-conscious individuals can have a significant impact on consumer choices. If rowing becomes a popular trend promoted by influencers in North America, it can further boost the market share.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Top Rowers Companies
- First Degree Fitness [Australia]
- Stamina [U.S.]
- Sunny Health & Fitness [U.S.]
- Kettler [Germany]
- Ironcompany.com [U.S.]
INDUSTRIAL DEVELOPMENT
January 2020: The Concept2 Model D Indoor Rowing Machine is a high-quality, air-resistance rower that has become a benchmark in the fitness industry. The Model D uses air resistance generated by the flywheel to provide a smooth and dynamic rowing experience. The resistance automatically adjusts to the user's intensity, making it suitable for users of all fitness levels. Equipped with the PM5, a highly advanced performance monitor, users can track various metrics such as distance, speed, pace, calories burned, and watts. The monitor also supports wireless heart rate monitoring and offers a range of preset workouts.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1.37 Billion in 2024 |
Market Size Value By |
US$ 2.17 Billion by 2033 |
Growth Rate |
CAGR of 4.7% from 2024 to 2033 |
Forecast Period |
2025-2033 |
Base Year |
2024 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the rowers market expected to touch by 2033?
The global rowers market is expected to reach USD 2.17 billion by 2033.
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What CAGR is the rowers market expected to exhibit by 2033?
The rowers market is expected to exhibit a CAGR of 4.7% by 2033.
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Which are the driving factors of the rowers market?
Versatility in Training and Rising Fitness Consciousness are some of the driving factors of the Rowers market.
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What are the key rowers market segments?
The key Rowers market segmentation that you should be aware of, which include, based on type the rowers market is classified as Under 200 Pounds, 200 to 299 Pounds, 300 to 499 Pounds and 500 Pounds & Above. Based on application the rowers market is classified as Family use and Professional use.