Rowing Machine Market Overview:
The Rowing Machine market research gives a detailed view of the competition, including the market share and company profiles of the major competitors in the global industry. The scope of the research includes a comprehensive examination of the Rowing Machine Market, as well as the reasons for variations in the industry's growth in various locations.
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Rowing Machine Market size was valued at US$ 1.2 Bn. in 2020. Hydraulics, one of the segments reviewed in our reports dominated the Rowing Machine Market.
Market Scope:
Following the completion of market engineering, which included calculations for market statistics, estimations of market size, market forecasts, market breakdown, and data triangulation, significant primary research was done to acquire information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up techniques, as well as many data triangulation methodologies, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all facts obtained over the whole market engineering process in order to provide essential information throughout the report.
Drivers:
The main factors driving the growth of the rowing machine market are rapid urbanisation, increased awareness of health and fitness, busy work schedules, and escalating health issues. People join gyms and health clubs to maintain their health and physical fitness. Consequently, the market's demand for the product is increased.
Global demand for rowers is being impacted by Internet of Things. Tracking significant health data and calories burned is now possible thanks to a variety of wearable IoT devices, including fitness trackers and smartwatches. Demand for rowing machines is anticipated to increase throughout the forecast period due to collaboration with fitness applications and growing awareness of the harmful effects of diabetes and obesity.
Segmentation:
By product, the Hydraulics segment controlled a 37% share of the market in 2020. In contrast to other rowing machines, hydraulic-based machines are less expensive and cannot be used by humans to draw straight lines. Some of the key factors driving the segment include low prices and features that save space. It applies air or fluid resistance. The hydraulic mechanism is useful for exercising at home and is all about power transmission.
Through the forecast period, the air segment is anticipated to grow at a CAGR of 6.5%. The fan flywheel offers resistance while the air lower facilitates aerobic exercise throughout the body. Because fan flywheels can withstand heat, they can quickly cool down consumers while lowering heat. These elements might lead to an increase in demand for air ladders soon.
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Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Rowing Machine market are as follows:
• Concept2
• LifeCore Fitness
• Stamina Products
• Sunny Health & Fitness
• BodyCraft
• First Degree Fitness
• Proform
• Kettler
• Infiniti
• aBlaze
• York
• HealthCare International
• ICON Health & Fitness
• Life Fitness
• JNB Fitness
• Technogym S.p.A.
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Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Rowing Machine market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Rowing Machine Market:
End-user industries where Rowing Machine are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Rowing Machine manufacturers, influencing the development of the Rowing Machine market in 2020. End-user business demand for Rowing Machine has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Rowing Machine Market Report are:
- In 2021, which segment held the highest proportion of the Rowing Machine market?
- What is the Rowing Machine market's competitive landscape?
- What are the primary drivers assisting Rowing Machine market growth?
- Which region has the most market share in the Rowing Machine market?
- What will be the Rowing Machine market's CAGR throughout the projected period (2022-2027)?
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