Rubber Dumbbells Market Are Estimated To Witness High Growth Owing To Rising Health Awareness
Rubber dumbbells are used as free weights for strength training and muscle building exercises. They come in a variety of weight increments and are made of materials such as vinyl, rubber and Neoprene to provide a gripping surface and be gentler on joints than metal dumbbells. Their compact size allows them to be stored easily and used for exercises anywhere without taking up much space.
The global 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 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of the rubber dumbbells market is the rising awareness regarding health and fitness among the global population. There is an increasing inclination towards exercise and weight training as people recognize the importance of maintaining physical well-being through strength training. Rubber dumbbells provide a safer and more accessible way to do strength training exercises at home or while traveling without the bulk and potential injury risks of metal dumbbells. Their affordable pricing also makes them an attractive option for beginners and casual users. Furthermore, the increasing innovations in material composition and ergonomic designs of rubber dumbbells are expanding their use cases in various strength training programs to target specific muscle groups. The manufacturers are introducing new product lines with improved gripping and enhanced fatigue resistance.
SWOT Analysis
Strength: Rubber dumbbells are safer and more durable than metal dumbbells. They do not roll or make noise when dropping them. Rubber allows for a better grip and cushions impact on joints. The rubber material also means they can be color coded or have print designs.
Weakness: Rubber dumbbells are generally more expensive than metal counterparts. Over time, the rubber may degrade faster than steel. It is difficult to increase or decrease weight easily compared to adjustable dumbbells.
Opportunity: There is growing demand for home gym equipment as people work out at home more frequently. Rubber dumbbells appeal to both experienced gym-goers looking for safer options and newcomers starting home workouts. Manufacturers can expand lines with different weights, designs, and packages.
Threats: Alternatives like kettlebells or bodyweight training are becoming increasingly popular. Adjustable dumbbells allow weight changes without extra equipment and take up less storage space. Online tutorials and home workout apps provide exercise routines without any equipment needed.
Key Takeaways
The global Rubber Dumbbells Market Growth is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2023 is estimated at US$ 199.6 million.
Regional analysis shows that North America currently dominates the market, followed by Europe. However, Asia Pacific is expected to experience the fastest growth due to rising health consciousness and disposable incomes in countries like China and India.
Key players operating in the rubber dumbbells market include 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, and XMark Fitness. Gaiam and CAP Barbell have the largest market share due to their extensive product lines and widespread brand recognition. However, newer entrants are gaining popularity through innovative designs and customized packages targeted at home gym users. Overall the market is expected to be highly competitive over the forecast period.
For more insights, read- https://dailynewsmotion.weebly.com/report-blog/rubber-dumbbells-market-are-estimated-to-witness-high-growth-owing-to-rising-health-awareness
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