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Automotive Rowing Oars Market Size, Share & Industry Analysis, By Material (Carbon, Wooden, Fiberglass, Aluminum, plastic), By Oar Length (8-10ft, 10.5-11ft), By Sales Channel (Online Retail, Offline Retail) And Regional Forecast, 2024-2032

Region : Global | Report ID: FBI105833 | Status : Ongoing

 

KEY MARKET INSIGHTS

Rowing oars are used to propel the boats; these oars are utilized in a variety of boating events, tournaments, and others. The growing popularity of boating as a leisure activity is the main driver for the rowing oars market. Moreover, an inclination of the youngsters towards living a healthy lifestyle combined with their growing interest in adventure water sports is expected to fuel the demand for rowing oars.


Furthermore, the availability of various adventure clubs, including boating clubs, rowing clubs, water-sports clubs, and others, are expected to benefit the market. These rowing clubs also organize rowing events and tournaments to promote their clubs; rising participation in these tournaments fuels the demand for rowing oars. Additionally, growing tourism and leisure activities combined with globalization support the market growth. Moreover, manufacturers of rowing oars have also started promoting their products by organizing various rowing-related events. These efforts from manufacturers will eventually increase the sales of the rowing oars in years to come. Furthermore, evolving tourism industry will boost the market in upcoming years.

However, restrictions to the outdoor activities due to the spread of the Covid19 and government-enforced limitations on international travel and tourism are some factors that may restrain the market growth.

Key Market Driver -

Increasing demand for leisure and adventure sport activities to drive the market growth over the forecast period.

Key Market Restraint -

Restrictions on outdoor activities may restrain the market growth during the forecast period.


Market Segmentation:


The automotive rowing oars market is segmented by material, by oar length, by sales channel, and by region.

By material, the market is segmented into carbon, wooden, fiberglass, aluminum, and plastic.

The carbon segment held the largest market share in 2020 and is expected to continue leading the market in upcoming years. Carbon rowing oars offer high corrosion resistance and strength as compared to other materials. Hence, rising consumer preference for the carbon rowing oars is expected to fuel the market growth during the forecast period.

By oar length, the market is segmented into 8-10ft and 10.5-11ft

8-10ft segment held the largest market share in 2020 and is expected to continue its dominance over the forecast period. Shorter rowing oars assist the boat in running faster as compared to the longer oars. Hence customers strongly prefer the 8-10ft segment. Additionally, shorter rowing oars are nimble in hand, which helps to be quick and responsive; therefore, their growing popularity among the rowing clubs and rowing enthusiasts is anticipated to propel the segment growth over the forecast period.

By sales channel, the market is segmented into online retail and offline retail.

Online retail is anticipated to witness the fastest CAGR over the forecast period. Rapidly growing online retail platforms and their door-to-door last-mile delivery solutions are driving the segment growth. Retail platforms such as Amazon, Alibaba, and others offer a wide range of rowing oars at a reasonable cost. Hence, the growing inclination of consumers towards online retail platforms is anticipated to drive the segment growth. Moreover, increasing internet penetration in emerging countries worldwide is also expected to generate lucrative opportunities for segment growth in upcoming years.

Key Players:


Major players operating in the global Automotive Rowing Oars Market include Croker Oars Pty Ltd, Concept2 Inc., Sykes Cleaver, Race1 Australia Pty Ltd., BRACA-SPORT, Empacher, Whitehall Rowing & Sail, WINTECH Racing, Denman Marine, Kiwi International Rowing Skiffs Ltd., Stancraft Boats, Sierra Boat Company, Stancraft Boats, ECHO ROWING, Shaw & Tenney Inc., Liteboat SARL, Rowing Center UK Ltd, and BBG Bootsmanufaktur GmbH among others.

Key Insights



  • New Advancements in Automotive Rowing Oars Market

  • Number of Products, Key Countries, 2020

  • New Product and Launches, Key Players


Regional Analysis:


Based on geography, the automotive rowing oars market is segmented into North America, Europe, Asia Pacific, and the rest of the world.

The Asia Pacific is likely to witness the highest growth rate from 2021-2028. The strong manufacturing industry in APAC supports the market growth. Additionally, China is one of the largest manufacturers of rowing oars. Hence, the development of the rowing oars industry in China is expected to fuel the market growth in APAC. Moreover, the growing popularity of water-sports and the presence of various tourist destinations in APAC will propel the market growth during the forecast period. Furthermore, the presence of a long coastline in Indonesia, Japan, and other Asian countries influences the boating events and tourism in the region.

North America and Europe are also expected to witness significant CAGR during the forecast period. North America is already one of the largest rowing oars producers. Growing tourism in Europe and inclining interest of the populace towards adventure sport, rowing & boating tournaments, and water-sports is anticipated to fuel the market growth. Moreover, Increasing globalization in both Europe and North America is one of the prominent market drivers for the market in these regions.

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Segmentation


























  ATTRIBUTE

  DETAILS

By Material



  • Carbon

  • Wooden

  • Fiberglass

  • Aluminum

  • plastic



By Oar Length



  • 8-10ft

  • 10.5-11ft



By Sales Channel



  • Online Retail

  • Offline Retail



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



  • Ongoing
  • 2023
  • 2019-2022

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