Global Rowing Machine Market Forecast to 2030 - COVID-19 Impact and Analysis by Type (Air, Magnetic, Water/Fluid, and Hydraulic); Weight Capacity (Below 200 LBS, 200 - 300 LBS, and Above 300 LBS); Distribution Channel (Online and Offline); End User (Residential and Commercial); and Geography
Global Rowing Machine Market Introduction
A rowing machine or rower is a machine that is used for the purpose of exercise or training for rowing. Increasing health problems and the growing importance of daily exercise and enhancing fitness is the major driving factor for the growth of the rowing machine market. The various benefits associated with rowing such as full-body workout that helps to reduce extra fat and calories, also good for joint problems, and more. This factor is likely to propel the growth of the rowing machine market over the forecast period. A growing number of health and fitness consciousness individuals and increasing awareness about rowing machines and their benefits in emerging countries such as China, India, Japan, and others is further propelling the demand for the rowing machine. Moreover, the rise in the number of fitness centers and health clubs across the globe along with the increasing adoption of fitness equipment at home is expected to provide lucrative growth opportunities for the rowing machine market in the coming years.
Global Rowing Machine Market Overview
The global rowing machine market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The rowing machine market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global Rowing machine market over the long as well as short period of time. Furthermore, the global rowing machine market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porters five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.
Global Rowing Machine Market Insights
The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global rowing machine market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.
Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the rowing machine market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.
COVID-19 Impact on Global Rowing Machine Market
The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global rowing machine market.
With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:
· Rapid shifts in top 100 companies across each sector
· Growth and decline in each sector due to the COVID-19 pandemic
Global Rowing Machine Market Segmentation
Global Rowing Machine Market by Type
Global Rowing Machine Market by Weight Capacity
· Below 200 LBS
· 200 - 300 LBS
· Above 300 LBS
Global Rowing Machine Market by Distribution Channel
Global Rowing Machine Market by End User
Global Rowing Machine Market by Geography
· North America
o Rest of Europe
· Asia-Pacific (APAC)
o South Korea
o Rest of APAC
o Latin America
o Middle East
2. Concept2 Inc.
3. Core Health & Fitness, LLC.
4. Cybex International Inc.
5. First Degree Fitness
6. Hydrow, Inc.
7. Icon Health & Fitness Inc.
8. Johnson Health Tech. Co., Ltd.
10. Life Fitness, Inc.
11. Nautilus Inc.
12. Precor Incorporated
13. Stamina Products Inc.
14. TECHNOGYM S.p.A
15. WaterRower Inc.
Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the rowing machine market.
Key Questions Answered
· Which region provides more business opportunities for the global rowing machine market in the upcoming years?
· Who is the leading overall rowing machine market, and what strategies have been adopted by them?
· Which segment accounted for the largest rowing machine market share?
· What are the upcoming trends in the global rowing machine market? What impact would these trends make in the coming years for the rowing machine market?
· Which player offering the best product range for the global rowing machine market?
Key Benefits for Stakeholders
· This study presents the analytical description of the rowing machine market analysis along with the current trends and future estimations to describe coming up investment pockets
· The complete rowing machine market opportunity is resolute by knowing profitable trends to gain a stronger foothold
· The report describes insights associated with key drivers, restraints, opportunities, and trends of the global rowing machine market with thorough impact analysis
· The global rowing machine market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability
· PEST analysis defines the potency of the consumers and suppliers in the global rowing machine market
· Porters five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global rowing machine market
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