A Qualitative Research Study accomplished by Data Bridge Market research's titled as "Rowing Machines Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. Rowing Machines market research report has been generated with the systematic gathering and evaluation of market information for 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 Rowing Machines market research report.

The global 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 5.0% in the forecast period of 2023 to 2030 and is expected to reach USD 1,576,823.44 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 workout.

Global 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 Global 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 global 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 augmented and virtual 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 global 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

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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 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 Rowing Machines Market

Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively

• This study offers the latest product news, trends, and updates from the industry's leading players who have leveraged their market position.
• It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
• In addition, it offers insights into the dynamics of customer behavior that can help the organization better curate market strategies
• Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers
• Mapping the customer in 3P grid comprising of Purpose, Planning and Positioning, thereby delivering a solution by keeping the prospecting client at the sweet spot
• The market research report includes all of the market's valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges
• The 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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Regional Analysis/Insights: Rowing Machines Market   

The global 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 global rowing machines market are the U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, UAE, South Africa, Egypt, Israel, and rest of Middle East and Africa.

North America is dominating the global rowing machines market with a CAGR of around 4.5%. The U.S. is dominating the North America rowing machines market due to growing awareness of the properties of rowing machine products. Germany is dominating the Europe rowing machines market due to the growing technologies of rowing machine products. South Africa is dominating the Middle East and Africa due to the rising popularity of rowing machines among children.

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 global 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:

1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Global Rowing Machines Market: Regulations
6. Market Overview
7. Global Rowing Machines Market, By Variety
8. Global Rowing Machines Market, By Packaging Size
9. Global Rowing Machines Market, By Application
10. Global Rowing Machines Market, By Distribution Channel
11. Global Rowing Machines Market, By Region
12. Global Rowing Machines Market: Company Landscape
13. SWOT Analyses
14. Company Profile
15. Questionnaires
16. Related Reports

To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-rowing-machines-market

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