Fitness Ball Market Size, Share, Growth Analysis, By Application(Household and Commercial), By Distribution Channels(Online and Offline), By Region - Industry Forecast 2024-2031

Fitness Ball Market size was valued at USD 332.50 billion in 2022 and is poised to grow from USD 359.77 billion in 2023 to USD 675.83 billion by 2031, at a CAGR of 8.2% during the forecast period (2024-2031).

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. 'Gymnic', 'TheraBand', 'GoFit', 'Sissel', 'Live Infinitely', 'Gaiam', 'URBNFit', 'Trideer', 'Power Systems', 'DynaPro Direct', 'ProBody Pilates', 'Rep Fitness', 'Black Mountain Products', 'Body Sport', 'Tone Fitness', 'Reebok', 'Champion Sports', 'Sportime', 'Fitness Mad', 'Bosu', 'In January 2024, THE MAX Challenge and Farrell’s eXtreme Bodyshaping have joined forces to create FIT Franchise Brands, a new corporate franchisor. This merger aims to expand their reach, serving over 30,000 members across 87 locations in 14 states. FIT Franchise Brands is dedicated to supporting franchise owners in making a positive difference in their communities through a robust and supportive network. ', 'In January 2024, IKEA launched its new limited-edition home training collection called DAJLIEN, featuring fitness gear and stress relief products. The collection includes 19 versatile and compact items in pastel colors, making them easy to store in homes. Among them is a sturdy wooden bench with storage, inspired by vintage gym equipment. ', 'In September 2023, Centr, a health and wellness ecosystem founded by Chris Hemsworth, unveiled 27 new products, including curated Fitness Kits (Core, Strength, Recovery, Workout) and Strength Training Equipment. These items are now accessible on Walmart.com and in 3,000 Walmart stores across the United States.'

One of the main factors driving the market is the rising awareness of health and wellness. Fitness balls are among the exercise equipment that people are looking for as they become more conscious of the need of keeping a healthy lifestyle. Exercises that assist increase balance, flexibility, and core strength can be done with fitness balls because they are so adaptable. They are a popular option for both fitness fanatics and casual users because they are also quite affordable and simple to use. The advantages of exercise for both physical and mental health have come into greater prominence in recent years. As people look for ways to include more physical activity into their everyday routines, this has helped to increase demand for fitness equipment, particularly fitness balls.

Increasing wine consumption will drive market expansion: The Wine has long been a part of some civilizations, while it is completely taboo or even prohibited in others. Other libations are preferred in many sub-Saharan African and Asian civilizations, with the exception of South Africa, a renowned wine-growing country. Research suggest that some Chinese customers might prefer sweeter versions of wine, or at the very least, wine blended with soft beverages. Because cultural changes take time, these "frontier" markets are difficult. Europe has the most developed wine markets, with Portugal, Italy, and France consuming over 35 litres of wine per person yearly, compared to 23.9 litres for Australia, 9.9 for the US, and barely 3.5 for China. With 58% of the volume and 50% of the total value of consumption, Europe remains the centre of the world. China, the United States, and France collectively have the largest wine markets due to their greater populations, although Germany, the United States, and the United Kingdom are the main importers of wine due to their countries' significantly lower output than consumption.

Asia Pacific dominated the 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.