Rubber Dumbbells Market to Witness High Growth Owing to Rising Health Consciousness
The rubber dumbbells market is estimated to be valued at US$ 199.6 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The rubber dumbbells market consists of products such as adjustable dumbbells, fixed dumbbells etc. which are used for strength training and muscle building exercises at home or in the gym. Rubber dumbbells have rubber coatings or casings that provideUsers with a safer and more comfortable gripping surface compared to metal dumbbells. They help minimize noise and prevent damage that could occur from dropping metal dumbbells. The soft, non-slippery grips make rubber dumbbells ideal for home or commercial use.
Market Dynamics:
The rubber dumbbells market is driven by rising health consciousness among individuals. Globally, people are becoming more aware about the importance of maintaining good physical and mental health through regular exercise and workouts. Rubber dumbbells offer a convenient way for people to indulge in strength training activities at home as well as commercial gyms. Their user-friendly design, portability and noise-free benefits make them suitable for home workouts which have gained popularity during the pandemic. Furthermore, increasing penetration of e-commerce has made rubber dumbbells easily available to consumers, thereby propelling market growth. The market also witnesses growth owing to availability of innovative product variants like adjustable rubber dumbbells, compact designs etc. which enhance user experience and convenience of strength training activities.
SWOT Analysis
Strength: Rubber dumbbells are highly versatile and can be used for various types of exercises. They are affordable as compared to kettlebells or barbells. Rubber dumbbells offer less noise and are easy to store and transport as compared to metal dumbbells.
Weakness: Rubber dumbbells have limited weight options as compared to metal dumbbells. The weight of rubber dumbbells cannot be increased by adding weight plates.
Opportunity: Increasing health awareness and focus on home fitness among consumers during COVID-19 pandemic has opened growth opportunities for rubber dumbbells. Rising number of women participating in strength training is another opportunity for rubber dumbbells market.
Threats: Presence of local and private label brands offering rubber dumbbells at lower prices. Introduction of new connected fitness equipment and virtual classes can reduce demand for basic rubber dumbbells.
Key Takeaways:
The global Rubber Dumbbells Market Growth is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing health consciousness among consumers and growing adoption of home fitness solutions. Consumers are investing in home fitness equipment to pursue their fitness goals from the comfort of their homes.
Regional analysis
North America dominates the global rubber dumbbells market owing to large health-conscious population. Asia Pacific is expected to exhibit the fastest growth during the forecast period driven by rising incomes, increasing health awareness, and improving retail infrastructure in major countries like India and China. Therubber dumbbells market is also gaining traction in Western European countries like UK, Germany, France, and Italy.
Key players
Key players operating in the rubber dumbbells market are Gaiam, CAP Barbell, Marcy, PowerBlock, Bowflex, Bayou Fitness, Gold's Gym, Valor Fitness, Body Solid, Universal, NordicTrack, Weider, runtfit, Titan Fitness, Yes4All, Ativafit, B luxury, Fitness Gear, XMark Fitness, Core Home Fitness. These companies are focusing on new product launches, partnerships, and expansion of regional presence to strengthen their market position in the rubber dumbbells market.
Read More,
https://cmiinfopiece.blogspot.com/2023/12/online-fitness-is-fastest-growing.html
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