USD 332.50 billion
Report ID:
SQMIG25J2033 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
59
|Figures:
78
Fitness Ball Market size was valued at USD 359.77 Billion in 2023 and is poised to grow from USD 389.27 Billion in 2024 to USD 731.25 Billion by 2032, growing at a CAGR of 8.2% during the forecast period (2025-2032).
An exercise ball, also known as a fitness ball or yoga ball, is used to increase balance, core strength, and muscle tone. Exercises with the Swiss ball and medical ball are also used to promote balance in daily tasks. Swiss-ball is said to be widely used to improve balance, flexibility, endurance, coordination, and strength. In addition to this, using a medicine ball can help you gain more strength, agility, and endurance. Also, by combining upper and lower body exercises, exercising with a medicine ball enhances physical function. These fitness balls are used more frequently in workouts, weightlifting, and physical activities. These balls provide significant advantages like improved posture, muscular balance, and healthy back and spine. A hollow, spherical fitness ball is filled with air and is composed of a fine elastic material. The ball's diameter ranges from 35 cm to 100 cm. Physical rehabilitation, exercise, and fitness training all make substantial use of fitness balls. These pieces of training gear are quite adaptable and can be utilised in workplaces, homes, physical therapy clinics, and even gyms. These balls are primarily used to improve balance, muscle tone, and physical strength. A variety of workouts can be done with this equipment. Although while utilising a Swiss ball for exercise is meant to strengthen the core, it can also help with back pain relief. Also, it is thought that it is very difficult to train the core muscles, although these muscles can be easily addressed by using an exercise ball during yoga, Pilates, or basic stretching exercises. Because they maintain and support all of the body's motions, the core muscles must be kept strong.
US Fitness Ball Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 332.50 billion
Largest Segment
Household
Fastest Growth
Commercial
Growth Rate
8.2% CAGR
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Global Fitness Ball Market is segmented on the basis of Application, Distribution Channel, Size Outlook, and region. By Application, the market is segmented into Household, commercial. By Distribution Channels, market is segmented into, Offline, Online Retailers and Other. By Size Outlook, market is divided into 45cm, 55cm, 65cm,75cm, 85cm and 100cm. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Application
The household segment dominated the global market. During the epidemic, the demand for fitness equipment was driven by the growing appeal of at-home training. Manufacturers and e-commerce sites are primarily focusing on developing more cutting-edge and efficient fitness items for home customers. The segment is therefore anticipated to grow at the fastest CAGR over the projection period.
Throughout the forecast period, it is anticipated that the commercial segment will grow at a CAGR of 8.2%. The popularity of health clubs and yoga studios has increased as people become more aware of the advantages of fitness and healthy living. In order to help people create a personalised exercise regimen, health clubs and yoga studios address health issues that are unique to each individual Health clubs and yoga studios are designed to attract big crowds of members, which will increase the demand for the use of fitness equipment like fitness balls in these settings. As a result, the segment brought in a lot of money in 2021.
Analysis by Distribution Channels
The Online segment dominated the global Fitness Ball market. After the closing of gyms and the transition of consumers to home gyms starting in April 2020, e-commerce has surpassed physical stores in the sale of fitness equipment like fitness balls. Consumers increasingly prefer making purchases online due to factors like rising internet usage and conveniences like easy access and payment alternatives. Any exercise balls sold online are sold at a price that is different from the market price. Usually, this is because of the deals and discounts that can be found on business websites or other internet resources. Throughout the projected period, these variables will keep the segment in good shape.
A significant market share was held by the offline sector, which is anticipated to grow at a CAGR of 7.1% over the course of the projected year. Fitness balls of all different brands are available in the retail establishment. Also, shopping aids like holiday and seasonal discounts, lower prices, expansive displays, and free variety are other things that encourage customers to go to their local retailer. Hence, a sizable portion of revenue in 2021 came from the offline segment.
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Asia Pacific dominated the global market. The key market drivers are the population's shifting healthier lifestyles and the region’s rapid economic growth. As interest in regular exercise grows, health and fitness continue to be major trends in the area. Fitness app usage increased starting in April 2021 when compared to April of the previous year in nations like China, India, Japan, and Australia. The number of downloads of health and fitness apps increased by 156.0% just in India. A 2022 study by Flipkart found that 57.0% of India's demand for fitness equipment, including exercise balls, came from tier 3+ cities.
The North America region is one of the fastest-growing markets for Fitness Ball. Currently, about 20.0% of Americans are members of a fitness centre. It is expected that this figure will likely rise during the foreseeable period due to the rising obesity rate in the region. Another factor boosting the worth of the North American market is a significant increase in the typical person's disposable income.
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Drivers
Increasing awareness about health and wellness
Growing popularity of home fitness
Restraints
Long-term sitting might make you feel tired and uncomfortable
Limited Product Differentiation
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Manufacturers are working to innovate their products and are switching from brick-and-mortar stores to e-commerce sites, which could open up lucrative potential for market participants in the exercise ball space. A multipurpose exercise ball chair called "Core Fit Ball Pro" was introduced on Kickstarter in November 2021 by South Korean premium furniture brand MENFURS. The Core Fit Ball Pro seeks to maintain all the medically supported advantages of a regular fitness ball while making it cosy and fashionable enough to incorporate into users' everyday routines and blend in with any type of décor.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global fitness ball market analysis, the market growth is driven by rising awareness of the health benefits associated with exercise, as well as the increasing popularity of home-based fitness routines. Fitness balls, which are used for a range of exercises that can help improve balance, core strength, and flexibility, have become a popular choice among consumers looking to get fit and stay healthy. Some of the key drivers of the global fitness ball market include the growing demand for home-based fitness equipment, the increasing popularity of fitness and wellness as a lifestyle choice, and the rise of online shopping, which has made it easier for consumers to access a wider range of products. North America dominated the global market. However, there are also some potential restraints in the market, including limited product differentiation, safety concerns, and competition from other exercise equipment.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 332.50 billion |
Market size value in 2031 | USD 675.83 billion |
Growth Rate | 8.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Fitness Ball Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fitness Ball Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fitness Ball Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fitness Ball Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25J2033
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