Eight Rowing Boat Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
In contrast, from 2023 to 2033, the Eight Rowing Boat market is projected to undergo further transformations. Demand is expected to rise at a faster pace due to several factors. Notably, there is a growing emphasis on sustainability, with consumers leaning towards eco-friendly materials and energy-efficient manufacturing processes. Also, the expansion of rowing as a sport, particularly in emerging markets such as Asia-Pacific, is likely to increase the need for eight-rowing boats. The rising popularity of rowing clubs, especially in urban areas, further supports this forecasted demand.
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The Eight Rowing Boat market has seen significant shifts from 2018 to 2022, driven by growing interest in both recreational and competitive rowing activities. During this period, the market experienced steady demand growth, fueled by advancements in boat design, materials, and a rising focus on fitness and outdoor activities. Manufacturers have continually innovated to produce lightweight yet durable boats that enhance performance, making them more appealing to rowing enthusiasts and clubs alike. Additionally, regional expansion and increased awareness of rowing as a healthy activity have contributed to this demand surge.
Sykes
Empacher
HUDSON
WINTECH Racing
Swift Racing
Filippi
Hangzhou Kanghua
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Eight Rowing Boat Market
Racing
Recreational
Others
Based on Types the Market is categorized into Below types that held the largest Eight Rowing Boat market share In 2023.
16 m 17 m
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Eight Rowing Boat Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Eight Rowing Boat Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Eight Rowing Boat Market, By Type
6. Global Eight Rowing Boat Market, By Application
7. Global Eight Rowing Boat Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Eight Rowing Boat Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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