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| Rubber Dumbbells market |
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 Overview:
Rubber dumbbells are gaining popularity among users due to their portability,
safety and ability to provide varied levels of resistance through
interchangeable plates. These dumbbells provide balanced workout and help in
building strength across different body parts.
Market key trends:
The growing popularity of home workouts during the pandemic has fueled the
demand for home gym equipment like rubber dumbbells. Online fitness influencers
on social media platforms promote the use of dumbbells for full-body workouts
that can be done at home with minimum space. This has further increased their
adoption rate. Another key trend is the availability of ergonomic designs,
different weights and adjustable options that allow users to customize their
workouts as per changing fitness goals. Innovation in material and improved
non-slip coatings provide firmer grip and safety during workouts.
Segment Analysis
The global rubber dumbbells market is segmented on the basis of weight,
end-use, and distribution channel. Based on weight, the market is fragmented
into 1-5 lbs, 5-10 lbs, and above 10 lbs. The 5-10 lbs segment accounts for the
largest share of the market in 2023. This segment is dominating as dumbbells
weighing between 5-10 lbs are suitable for both strength & muscle building
workouts for beginners as well as fitness enthusiasts.
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 awareness among consumers and growing fitness trends.
Regional analysis
North America dominates the global rubber dumbbells market in 2023 and is
expected to continue its dominance over the forecast period. This is attributed
to high consumer spending on gym equipment and presence of major players in the
region. Asia Pacific is expected to be the fastest growing regional market due
to growing health consciousness and increasing disposable income in emerging
economies such as China and India.
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. Gaiam
captures a major share of the market owing to its wide variety of equipment and
global presence.
Read More,
https://www.insightprobing.com/rubber-dumbbells-market-trends-size-and-share-analysis/
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