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| Rubber Dumbbells Market |
Rubber
Dumbbells are widely used in homes and fitness centers for free weight
exercises due to their resilience, durability, and ability to provide
resistance training. Rubber Dumbbells come in different weights and are a
highly portable and convenient option for weightlifting. They help in toning
and building muscles.
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 key trends:
Increased usage of wearable fitness technology like smart watches and bands
have accelerated the demand for Rubber Dumbbells. These wearable tech devices
help users track their activities, calories burnt, heart rate etc. during a
workout. This has motivated more people to strengthen their workouts with
resistance training using Rubber Dumbbells at home. The data and feedback
provided by wearable fitness devices on calorie burn and improvement in
workouts has encouraged users to adopt Rubber Dumbbells for effective
resistance training routines and meet their health and fitness goals.
Segment
Analysis
The global rubber dumbbells market is dominated by adjustable rubber dumbbells
segment. Adjustable rubber dumbbells segment holding around 55% of the global
market share owing to its convenience and cost effectiveness. Adjustable rubber
dumbbells allow users to change weights easily by adding or removing weight
plates. Its compact and space saving design make them popular among home and
commercial users.
Key Takeaways
The global Rubber
Dumbbells Market Growth is expected to witness high growth over the
forecast period of 2023 to 2030. The market is expected to reach a value of US$
339.5 Mn by 2030 expanding at a CAGR of 6.7% from 2023 to 2030.
Regional analysis
North America region currently dominates the global rubber dumbbells market
holding around 35% of the market share. High awareness regarding health and
fitness coupled with rising number of gym and health centers in countries like
US and Canada is fueling the demand for rubber dumbbells in the region. Asia
Pacific region is expected to be the fastest growing market during the forecast
period growing at a CAGR of around 8%. Rising middle class population and
improving economic conditions in countries like India and China is driving the
demand for home fitness equipment including rubber dumbbells in the region.
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. The global
market is highly fragmented in nature with presence of numerous international
and domestic players. The key players are focusing on launch of innovative
adjustable dumbbells to cater to changing consumer demand and consolidate their
market position.
For more insights, read- https://www.ukwebwire.com/rubber-dumbbells-market-trends-size-and-share-analysis/
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