Global Indoor Rower Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Indoor Rower Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An indoor rower, or rowing machine, is a machine used to simulate the action of watercraft rowing for the purpose of exercise or training for rowing. Indoor rowing has become established as a sport in its own right. The term also refers to a participant in this sport.

Market Overview:

The latest research study on the global Indoor Rower market finds that the global Indoor Rower market reached a value of USD 242.01 million in 2022. It’s expected that the market will achieve USD 323.64 million by 2028, exhibiting a CAGR of 4.96% during the forecast period.

The Impact of COVID -19

The sudden outbreak of COVID -19 has greatly enhanced the health awareness of many people, and fitness exercise is undoubtedly one of the most effective and economical means of active health. Therefore, COVID -19 also inadvertently changed the original lifestyle of contemporary people.
COVID -19 has undoubtedly had a profound impact on the current global economy. Revenues in retail, catering, accommodation and tourism, transportation, culture and entertainment industries fell sharply. Manufacturing, real estate, construction, etc. are slow to resume due to the flow of people and logistics. Technology companies such as telecommuting, online education, online medical treatment, etc. are rapidly emerging. COVID -19 brings different challenges and opportunities to various industries around the world. For the global Indoor Rower industry, the arrival of COVID -19 brings opportunities.
The outbreak of COVID -19 makes people have to stay at home, but for many fitness enthusiasts, many people will tend to buy some home fitness equipment because they want to be active for a long time. People only need to prepare a small space of three to five square meters at home to exercise. Indoor Rower just meets the needs of fitness enthusiasts.
During the epidemic, the gym's revenue was reduced due to the closure of the business. After the epidemic of COVID -19, in order to avoid entering the closed space where people gather, people may not quickly return to the gym to exercise. Moreover, people may no longer think it necessary to go to the gym because they have experienced the effects of home fitness. COVID -19 has changed the fitness habits and fitness needs of fitness people. Driven consumer demand for home fitness. Indoor home fitness may remain active for a long time. Therefore, the arrival of COVID -19 has a positive impact on the Indoor Rower industry, with increased consumer demand and expanded Indoor Rower's market share.
Although COVID -19 drove the rise of the downstream consumer market, it had a negative impact on the Indoor Rower manufacturing industry. The most direct impact on the manufacturing industry is that manufacturers suspend production, in order to reduce the concentration of personnel and stop the spread of the epidemic. The epidemic prevention and control measures in various countries will affect the flow of people and activities, and thus logistics, which will affect the production of the manufacturing industry due to the supply of raw materials and the shortage of labor.
And the Covid-19 epidemic severely affected the global supply chain, forcing thousands of companies to restrict or temporarily close assembly and manufacturing plants. Seriously undermine the demand of downstream industries and the ability of enterprises to deliver goods to the market.
During the time period of the COVID -19 outbreak, the activity of global manufacturing plants has declined. It is expected that even after COVID -19 is effectively controlled, it will remain sluggish in the coming months.

Limitations

At present, there are few fitness equipment sales markets with many brands and complete varieties on the market, which are sporadically distributed. Mass marketing is rare.
Too often the rowing machine is overlooked on the gym floor. Because appearing muscle strain if people haven’t learnt the basics of proper indoor rowing technique. There are some precautions when using the indoor rowing machine, that is, to exercise the rowing machine indoors, you must remember to do warm-up exercises first, otherwise it is easy to strain the lower back tendon or ligament.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are WaterRower, Concept2 and Technogym with the revenue market share of 22.50%, 8.92% and 7.67% in 2019.

WaterRower

The company's line of business includes the manufacturing of sporting and athletic goods.

Concept2 Inc. manufactures indoor rowers and racing oars. The Company offers products including fat, smoothie vortex, smoothie, big, and macon blades, as well as accessories including scull cases, grips, oarlocks, clip-on's, and pitch check fixtures. Concept2 travels to regattas each year to assist regatta competitors with any oar service needs.

Segmentation Overview:

Among different product types, Magnetic Rower segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Magnetic Rower segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Indoor Rower market covered in Chapter 3:

WaterRower
Bodycraft
Technogym
Hydrow
Stamina Products
Concept2
LifeCORE Fitness
Xebex Fitness
HealthCare International
NordicTrack
First Degree Fitness
ProForm

In Chapter 4 and Chapter 14.2, on the basis of types, the Indoor Rower market from 2018 to 2029 is primarily split into:

Air Rower
Magnetic Rower
Hydraulic Rower
Water Rower

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Indoor Rower market from 2018 to 2029 covers:

Commercial Gyms
At-home Consumer

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)