Global Fitness Ball Market

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


Report ID: SQMIG25J2033 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 59 | Figures: 78

Fitness Ball Market Dynamics

Drivers

Increasing awareness about health and wellness

  • One of the main factors driving the global 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.

Growing popularity of home fitness

  • Fitness balls are a popular choice for home fitness because they are relatively affordable, easy to use, and can be used for a variety of exercises that help improve balance, flexibility, and core strength. They are also easy to store and do not take up much space, making them ideal for home workouts. The shift towards home fitness has been driven by several factors, including gym closures and social distancing measures. Many people have turned to online workouts and fitness apps, which often incorporate the use of fitness balls, as a way to stay active and healthy. The popularity of home fitness is expected to continue even after the pandemic subsides, as many people have discovered the convenience and flexibility of working out at home. As a result, the demand for home fitness equipment, including fitness balls, is expected to remain strong in the coming years.

Restraints

Long-term sitting might make you feel tired and uncomfortable

  • Lack of arm support, stability, and back support could make someone feel exhausted if they sit on the fitness ball for an extended period of time. Prolonged ball sitting may cause damage if a person is too fatigued to pay attention to their balance or posture. As most people utilise the ball for the opposite purpose, this wears them out and can lead to poor posture. A study found that people sitting on exercise balls exhibited the same hunching and bad posture habits as people seated in chairs. This aspect could limit the market for fitness balls in the ensuing years.

Limited Product Differentiation

  • Limited product differentiation is a potential restraint in the global fitness ball market as it can impact a company's ability to stand out and create a unique value proposition. This can make it difficult for companies to differentiate their products from those of their competitors, potentially leading to price wars and reduced profit margins. Moreover, limited product differentiation can also lead to a lack of innovation in the market, making it challenging for companies to introduce new and improved products. This could limit the market potential for fitness balls as consumers may not see a significant difference between one product and another, leading to reduced demand and slower growth in the market
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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.

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Global Fitness Ball Market

Product ID: SQMIG25J2033

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