The Global Oar Blades Market size is expected to grow at a CAGR of 6.0% during the forecast period, driven by increasing demand for oars in the fishing industry and growing interest in kayaking as a recreational sport. The growth in this market can be attributed to the increasing demand for lightweight and inexpensive materials like aluminum, plastic, fiberglass, and carbon as well as changing consumer preferences.
Oar Blades are typically part of an oar, which is the implement used to propel a boat using one or more blades. The most common type of Oars is Rowing Oars where it consists of two pieces linked together by a rowlock at each end with one end attached to a shaft - called Blade Shaft – which is then connected via cables or chains directly into the row.
On the basis of Type, the market is segmented into Aluminum, Plastic, Carbon, Wooden, and Fiberglass. The global oars blades market can be classified as aluminum which accounted for a significant share in 2019 owing to its lightweight properties that are best suited for recreational purposes; plastic because it’s inexpensive but not durable like carbon fiber or fiberglass; wood due to increasing demand from the fishing industry; fiberglass mainly used by boat manufactures for recreational or racing usage; carbon blades which are rare and expensive due to their high performance-related properties.
Carbon oars are usually the first choice of most recreational rowers because they provide a good balance between cost and durability. Carbon blades may be less expensive than aluminum, but they do not last as long so this is an important consideration when purchasing an oar set for use close to home or in areas where there is easy access to replacement parts if necessary.
Fiberglass oars offer the most consistent performance out of any other material because they're equally strong in both saltwater and freshwater environments. They also don't require regular maintenance to stay in good condition.
Aluminum oars are a more expensive option than carbon or fiberglass but they tend to last longer. They're often utilized on boats that need heavy-duty rowing equipment and in areas where replacement parts can't be found quickly if needed.
Plastic oars offer the lowest cost of any type, however, they're also typically the weakest because they break down faster over time and are not useful for multi-day trips due to their inability to withstand excessive water exposure.
Wooden oars are the oldest type of oars and typically have a wood shaft, which is reinforced with an aluminum blade.
On the basis of Application, the market is segmented into Online and Offline Sales. On a global level, in 2017 online sales accounted for a significant share owing to the increasing importance of e-commerce in recent years that help reduce costs & time incurred during the distribution process. This trend is expected to continue with growing customer preferences towards internet shopping as well as increasing penetration rates in developing countries such as India & China where customers can get greater variety from different manufacturers with minimal effort. However, it's projected that the retail stores will still account for the majority of sales in coming years.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. On a global level in 2016 the North American region accounted for more than 50% of total revenue owing to increased demand from customers there who generally prefer buying branded oars. Europe accounted for more than 30% of total revenue and it's also projected that this market will grow faster than other regions. Latin America currently accounts for less than 15% share. It's estimated that Brazil, which has strict quality standards on wooden blades, may become an emerging player in this space within the next decade or so. A major trend seen by experts includes capability enhancement at various levels including manufacturing capabilities & research capabilities due to rising environmental concerns and an increase in demand for sustainable solutions globally.
Up Market Research published a new report titled “Oar Blades Market research report which is segmented by Types (Carbon, Wooden, Fiberglass, Aluminum, Plastic), By Applications (Online sale, In-store sale), By Players/Companies Gillette, Edgewell, BIC, Supermax, Lord, Malhotra, Benxi Jincheng, SRBIL, Treet, Feather, Feintechnik, AccuTec Blades, Kaili Razor, Shanghai Cloud, Yingjili”.
|Report Attributes||Report Details|
|Report Title||Oar Blades Market Research Report|
|By Type||Carbon, Wooden, Fiberglass, Aluminum, Plastic|
|By Application||Online sale, In-store sale|
|By Companies||Gillette, Edgewell, BIC, Supermax, Lord, Malhotra, Benxi Jincheng, SRBIL, Treet, Feather, Feintechnik, AccuTec Blades, Kaili Razor, Shanghai Cloud, Yingjili|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||207|
|Number of Tables & Figures||145|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Carbon, Wooden, Fiberglass, Aluminum, Plastic and By Application Online sale, In-store sale.
Some of the companies that are profiled in this report are:
Oar Blades Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Oar Blades Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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