Recreational Rowing Boats Market Poised to Register High Growth Due to Increased Participation in Water Sports
Recreational rowing boats are used for leisure rowing activities and sports. They are light in weight and come in various designs and sizes suitable for different rowing needs such as single scull, double scull and coastal row boats. Increased health awareness among people and availability of large water bodies have boosted participation in water sports like rowing. Recreational rowing boats offer full body workout and are the most eco-friendly boating option.
The Global Recreational Rowing Boats Market is estimated to be valued at US$ 10.83 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 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 key opportunities in the Recreational Rowing Boats Market Demand for eco-friendly activities, rising number of rowing clubs and growing youth interest in water sports. Several manufacturers are focusing on global expansion through partnerships and distribution agreements from Asia Pacific and Middle East & Africa.
Market Drivers and Restraints
The key driver for the recreational rowing boats market is the health benefits associated with rowing. Rowing is a low impact full body exercise that helps burn calories and strengthen core muscles. It improves cardiovascular fitness and reduces stress. Growing concerns about obesity and chronic diseases have encouraged people to take up outdoor sports like rowing.
The key restraint for the market is the high cost of Recreational Rowing Boats Market Challenges And Opportunities. High-performance racing shells and boats equipped with modern features are expensive. Storage and maintenance of large rowing boats also requires suitable space and infrastructure which presents challenges. Weather uncertainties can disrupt outdoor rowing activities impacting sales.
Segment Analysis
The recreational rowing boats market is dominated by sculling boats and sweep rowing boats. Sculling boats hold the largest market share as they allow individual rowing and training. Their portability and flexibility of usage by one or more rowers drives their high demand. Sweep rowing boats follow next as they are used for crew rowing competitions and team training sessions. The four/eight-oared shells sub-segment has significant share under sweep boats owing to their widespread usage in rowing competitions. Lightweight and folding boats are experiencing increasing popularity due to convenience in transport and storage. Their demand is expected to rise steadily during the forecast period.
Global Analysis
Regionally, North America leads the recreational rowing boats market with the largest share. High participation in rowing sports along U.S and Canada's coastline boosts the regional market growth. Europe holds the second position with major demand from countries like U.K, Germany, and Italy. Development of infrastructure for water sports and rise in health-conscious population support market expansion. Asia Pacific is recognized as the fastest growing region on account of increasing focus on water activities in China, Japan, and India. Rising disposable incomes encourages adoption of rowing as a serious sport and exercise in Asia Pacific. Latin America and Middle East & Africa also offer lucrative opportunities for market participants over the next few years.
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