Market Overview
“The Global Rowing Machines Market is expected to grow at a CAGR of 5% during the forecasting period (2021-2028)”.
This is mainly due to increase in the awareness about physical fitness, therefore, encouraging health enthusiasts to look for innovative and superior quality gym equipment that offer optimum results.
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Market Dynamics
Global rowing machine market is primarily driver by rapid urbanization, rising awareness of health and fitness, hectic work schedules, and growing health issues are among the factors promoting the growth of fitness centers and health clubs globally. People enroll in gyms and health clubs to remain fit and maintain proper body structure.
Health and fitness clubs provide their customers with the infrastructure for their workouts and physical activity in exchange for a membership fee. In 2017, a total of more than 200 thousand fitness & health clubs were in operation worldwide, of which about 38.5 thousand are located in the United States. These clubs in the U.S. had about 55 million members. Globally more than 170 million people were members of a health/fitness club.
Moreover, factors like collaborations with fitness applications and increasing awareness about ill-effects of diabetes and obesity are expected further boost demand for rowing mahcine over the forecast peirod.
However, fluctuation in raw material prices such as hardened steel, cast iron, brass, and others; is exoected to restraint the market growth over the forecast period.
Market Segmentation
By Type
Air Rowing Machine
Hydraulic Rowing Machine
Water Rowing Machine
By End-Use
Residential
Commercial
By Distribution channel
Offline
Online
By Region
North America
Europe
South America
Asia Pacific
The Middle East and Africa
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Competitive Analysis
Global Rowing Machines Market is a concentrated market with the major share held by key players in the market. The market is quite competitive and to gain competitive advantage, the major Rowing Machines manufacturers adopt several strategies such as M&A, joint ventures, contracts, and agreements to help them sustain the market’s competitive environment.
The major players include Concept2, WaterRower Club, LifeSpan Fitness, Stamina Products, First Degree Fitness, Lifecore Biomedical, Bodycraft, Kettler, ProForm, Velocity Exercise, and among others.
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