Asia-Pacific Rowing Machines Market by Global Revenue, Current Trend, Size, Share, Competition, Growth Rate by Size Expansion Strategies Report Includes COVID-19 Analysis
A Qualitative Research Study accomplished by Data Bridge Market research's titled as "Asia-Pacific Rowing Machines Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. Asia-Pacific Rowing Machines market research report has been generated with the systematic gathering and evaluation of market information for Asia-Pacific Rowing Machines industry which is presented in a form that explains various facts and figures to the business. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. It lends a hand to companies to take decisive actions to deal with threats in niche market. A brilliant team of analysts, experts, statisticians, forecasters and economists has worked rigorously to generate this advanced and all-inclusive Asia-Pacific Rowing Machines market research report.
Asia-Pacific rowing machines market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.1% in the forecast period of 2023 to 2030 and is expected to reach USD 312,181.21 thousand by 2030. The major factor driving the market growth is the rising popularity of rowing machine products among the millennials and growing awareness regarding the properties of the rowing machine products.
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Market Definition
Rowing machines, also known as ergometers or ergs, use the upper and lower body on every stroke. An indoor rower or rowing machine is a machine used to stimulate the action of watercraft rowing for the purpose of exercise or training for rowing. This helps in strengthening, toning the muscles, and improving endurance. Rowing is considered a total-body worko
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REPORT METRIC |
DETAILS |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Year |
2021 (Customizable to 2015 - 2020) |
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Quantitative Units |
Revenue in USD Thousand |
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Segments Covered |
By Type (Air, Water, Magnetic, and Hydraulic), Body Type (Metal and Solid Wood), Weight Capacity (300 to 499 Pounds, 200 to 249 Pounds, 100 to 199 Pounds, and Under 100 Pounds), Distribution Channel (Online and Offline), Resistant Level (Less Than 24 and More Than 24), Color (Black, Light Grey, and Others), End-User (Commercial and Residential) |
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Countries Covered |
Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and rest of Asia-Pacific |
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Market Players Covered |
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 |
Asia-Pacific Rowing Machines Market Dynamics
DRIVERS
Rising Awareness of Weight Management Among Millennials
- In recent times, there has been an increasing shift among the current millennial generation toward obesity. According to an estimation of Cancer Research U.K., seven out of ten millennials who were born between 1981 and 1996 are on the path to becoming obese or overweight until they reach middle age. Several factors, such as consumption of highly processed foods, fast-paced lifestyle, stress eating, and sedentary lifestyle are factors attributed to obesity among millennials. However, because of different factors, there has been a rise in awareness of weight management among individuals. In this digital age, millennials are connected to a wide range of information available on social media and the internet. The population is exposed to various studies through news articles and other sources related to weight management and its importance for mental and physical well-being. In addition to it, the business involved in the fitness industry, corporates, health professionals, and the government is focused to spread awareness among the young population about the benefits of physical fitness to avoid diseases such as diabetes, cancer, and heart disease.
Increasing Spending on Professional Sports on a Asia-Pacific Level
- Most countries worldwide tend to spend money on sports for their citizens. The most important aspect of investment in professional sports is to improve public health so that the risk of chronic diseases such as heart disease and obesity decreases along with improvement in mental health. Moreover, the development of sports has the potential to contribute to the economic development of the nation by creating jobs and generating revenue through events and tourism. In addition to it, sports can improve intercultural communication and understanding. Countries can promote their cultures and create connections with other nations by holding international sporting events. Therefore, to promote the sports culture, the government, and various other organizations spend money on professional sports.
Growing Acceptance of Fitness Equipment in the Flourishing Hospitality Sector
- Over the past decades, the hospitality sector has seen a boom worldwide owing to factors such as an increase in disposable income, advancement in technology, ease of access to information, and globalization. In the hospitality industry, the requirements of hotel guests and those of gym customers increasingly coincide. Fitness enthusiasts who reside in hotels for various reasons, such as vacation or business trips prefer to book a room in a hotel, which has access to fitness centers or gyms. Millennials are becoming more aware of physical fitness. Thus, they look for different ways to be fit even when they are traveling and staying in hotels.
OPPORTUNITIES
Rising Spending on Foldable Variants
- The Asia-Pacific rowing machines market has been growing in recent years owing to various factors such as a rise in awareness of physical activity and a growing dedicated gym setup. Moreover, the manufacturers of rowing machines have observed this trend and are focusing on developing new variants of rowing machines, which are foldable in nature. As the conventional rowing machines acquired more space, it was difficult to set up the machine along with other instruments in the gym. However, due to the foldable variants, the space issue in the gym gets resolved. When not in use, the machines could be folded and kept, which further saves space for other activities. In addition, vertical standing rowing machines are present in the market to which customers are attracted.
Increasing Incorporation of Other Features, Namely Entertainment and Virtual Rowing Experience
- The fitness industry is innovating constantly, which is fuelled by digital developments, and social media engagement. There has been increasing significance of technologies, including virtual and augmented reality, blockchain, artificial intelligence, the Internet of Things, robotics, cloud, data analytics, wearable technology, and many more. Manufacturers of rowing machines are incorporating a wide range of technological advancements in rowing machines to give a user-friendly experience to customers.
RESTRAINTS/CHALLENGES
High Prices Associated with Rowing Machines
- Rowing machines are well-known fitness equipment that is used for full-body workouts. Through performing workout on rowing machines, one can train a majority of muscles, keeps the heart strong, and aid in weight loss. However, the high price is one of the major drawbacks related to rowing machines. The majority of the price is related to the production cost of the equipment. Various raw materials such as steel, iron, rubbers, and leather are required to build fitness equipment such as rowing machines. Steel prices are volatile in nature that are affected by the supply-demand or geopolitical situations that are occurring across the globe. Moreover, the prices of coking coal, which is a key raw material to manufacture steel, are volatile in nature. The lack of raw materials due to increased demand has caused the cost of rowing machines to go up. Rowing machines are not popular when compared to other fitness equipment, such as cycling bikes and treadmills, which makes the cost of rowing machines scale up. Also, the cost of rowing machines increases due to the high logistics costs. The freight costs are high due to the volatile price of crude oil and the shortage of containers, which contributes to the high cost of logistics.
Availability of Other Fitness Equipment and Various Exercises
- Although rowing machines have various advantages associated with them, there are a few drawbacks associated with them. They require a large area due to the flywheel or tank, rails, and the necessity for enough space for a full extension of arms and legs. It can be challenging to fit the machine into a more compact home or apartment. Moreover, if proper form is not maintained, the rower can cause injury or back pain. The noise generated by rowing machines can be unbearable for some individuals, which proves to be one of the drawbacks of rowing machines.
Recent Development
- In September 2021, Nautilus, Inc. announced the signing of a formal deal to acquire VAY, a Asia-Pacific leader in motion technology. The purchase will enable Nautilus to grow its JRNY digital platform by offering core technologies that will power the company's vision and motion-tracking capabilities, which will allow for real-time data analysis during workouts. These features will be integrated into Nautilus' JRNY platform to develop and expedite highly tailored one-on-one exercise sessions
Some of the major players operating in the Asia-Pacific Rowing Machines market are: 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
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Asia-Pacific Rowing Machines market
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Asia-Pacific Rowing Machines Market
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- The Asia-Pacific Rowing Machines report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
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Key Industry Segmentation: Asia-Pacific Rowing Machines Market
The Asia-Pacific rowing machines market is segmented into seven notable segments based on type, body type, weight capacity, distribution channel, resistant level, color, and end-user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Air
- Water
- Magnetic
- Hydraulic
On the basis of type, the market is segmented into air, water, magnetic, and hydraulic.
Body Type
- Metal
- Solid Wood
On the basis of body type, the market is segmented into metal and solid wood.
Weight Capacity
- 300 to 499 Pounds
- 200 to 249 Pounds
- 100 to 199 Pounds
- Under 100 Pounds
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.
Distribution Channel
- Online
- Offline
On the basis of distribution channel, the market is segmented into online and offline.
Resistant Level
- Less Than 24
- More Than 24
On the basis of resistant level, the market is segmented into less than 24 and more than 24.
Color
- Black
- Light Grey
- Others
On the basis of color, the market is segmented into black, light grey, and others.
End-User
- Commercial
- Residential
On the basis of end-user, the market is segmented into commercial and residential.
Regional Analysis/Insights: Asia-Pacific Rowing Machines Market
The Asia-Pacific rowing machines market is segmented into seven notable segments based on type, body type, weight capacity, distribution channel, resistant level, color, and end-user.
The countries in the Asia-Pacific rowing machines market are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific.
China is dominating the Asia-Pacific rowing machines market in terms of market share and market revenue due to growing awareness of the excellent characteristics and properties of rowing machines in the region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Asia-Pacific Rowing Machines Market: Regulations
- Market Overview
- Global Asia-Pacific Rowing Machines Market, By Variety
- Global Asia-Pacific Rowing Machines Market, By Packaging Size
- Global Asia-Pacific Rowing Machines Market, By Application
- Global Asia-Pacific Rowing Machines Market, By Distribution Channel
- Global Asia-Pacific Rowing Machines Market, By Region
- Global Asia-Pacific Rowing Machines Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-rowing-machines-market
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