RECREATIONAL ROWING BOATS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global recreational rowing boats market is estimated to be valued at US$ 10.83 Bn in 2024 and is expected to reach US$ 15.90 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

Recreational rowing has witnessed popularity over the past few years, owing to increased health consciousness among people and a desire to engage in outdoor activities. Rowing is a low impact full body workout that can be enjoyed by people of all ages and fitness levels. Recreational rowing boats are specifically designed for casual exercise and fun on lakes, rivers or in coastal regions. Various modern boat designs offer comfortable seating, adequate storage and durable yet lightweight construction for enjoyable rowing experience. Manufacturers are also offering innovative accessories and techniques to enhance performance and convenience. The recreational rowing boats market is driven by lifestyle changes and growing interest of people in water sports activities.

Market Dynamics:

Global recreational rowing boats market growth is driven by rising health awareness among people and growing participation in outdoor recreational activities. Furthermore, increasing disposable incomes and willingness of people to spend on leisure and adventure sports is also fueling the sales of recreational rowing boats. However, high initial costs of these specialty boats and need for proper storage and maintenance infrastructure can hinder the broader adoption of rowing as a recreational activity. The market also faces challenges from preference of some customers for other water sports such as motorboating, sailing, surfing, and others. Meanwhile, ongoing innovations in design and materials to develop lightweight, durable and easy-to-use rowing boats present lucrative opportunities for manufacturers. Development of multi-purpose rowing boats for recreation as well as competitive races are key trends that are gaining traction.

Key features of the study:

• This report provides in-depth analysis of the global recreational rowing boats market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global recreational rowing boats market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include 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
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global recreational rowing boats market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global recreational rowing boats market.

Detailed Segmentation-

• By Passenger Capacity
  • Single Rower
  • Two Rowers
  • Four Rowers
  • Eight Rowers
• By Type
  • Sweep Rowing boats
  • Sculling Rowing boats
  • Adaptive Rowing boats
  • Others
• By Application
  • Recreational rowing boat
  • Racing rowing boat
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

• 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