The recreational rowing boats market comprises boats used for leisure rowing activities and water sports. Recreational rowing boats are designed for leisure and casual rowing on lakes, rivers, and protected coastal waters. Some key types of recreational rowing boats include sculls, sweep row boats, and coastal rowing boats. Recreational rowing boats offer an excellent full-body workout as well as an immersive experience of being out on the water. They are gaining popularity among individuals looking for outdoor recreational activities.
The global recreational rowing boats market is estimated to be valued at US$ 15.90 billion in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Recreational Rowing Boats Market are Euro Diffusion, 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, and Janousek. These players are focusing on new product launches and expansion strategies to strengthen their global presence.
The key opportunities in the recreational rowing boats market include the growing interest of people in water recreational activities due to increasing health consciousness. The increasing number of rowing clubs and competitions is also expected to drive the demand.
Europe currently dominates the global recreational rowing boats market. However, regions such as North America and Asia Pacific are expected to witness high growth due to rising disposable incomes and growing participation in recreational sports in countries such as the U.S., China, and India. Key players are expanding their presence in these high potential regions through partnerships and joint ventures with local boat manufacturers.
Market Drivers
One of the key drivers for the recreational rowing boats market is the growing popularity of outdoor recreational activities. More people are engaging in recreational sports and activities for leisure, exercise, and spending quality time outdoors. This is positively impacting the sales of recreational rowing boats.
Market Restraints
High initial costs of recreational rowing boats is a major challenge for market growth. High-quality recreational rowing boats require heavy investments which limits their adoption. Storage requirements of large boats is another factor restraining the recreational rowing boats market.
Segment Analysis
The recreational rowing boats market can be segmented based on product type, propulsion, boat material, end-user, and region. Based on product type, the sculling boats segment dominates the market and is expected to continue dominating during the forecast period. Sculling boats provide better balance, control, and safety compared to other product types. Based on propulsion, the manually propelled segment holds the largest market share. Manually propelled rowing boats do not require battery or fuel, ensuring eco-friendly usage.
Global Analysis
Regionally, Europe holds the major share of the recreational rowing boats market and is expected to continue dominating during the forecast period. Countries like the UK, Germany, and Italy have seen rising participation in rowing as recreational and competitive sport. Easy access to water bodies and promotion of rowing by government bodies have supported market growth. The Asia Pacific region is expected to grow at the fastest pace due to rising health awareness, increasing discretionary incomes, and construction of new rowing infrastructure in countries like China and India. Countries like Australia and New Zealand have also contributed to regional market expansion.
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Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Recreational Rowing Boats Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/recreational-rowing-boats-market/download-sampleMarket Dynamics The global recreational rowing boat market is projected to grow at a considerable rate during the forecast period.
Market participants are launching lightweight, stable, and easy to use boats as per new need, impacting positively on market growth.
However, some individual may be disappointed with the idea of rowing boat while recreational activities, which may impede the market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
