Global Fitness Ball Market Size, Statistics, Forecast & Share Worth USD 607 Million, By 2030 at 8.1% CAGR

NEW YORK, Jan. 9, 2023 /PRNewswire/ -- As per Zion Market Research study, The global fitness ball market size was nearly $307.1 million in 2021 and is set to increase to about $607.1 million by 2030 with a CAGR of nearly 8.1% between 2022 and 2030.
Fitness Ball Market: Overview
A fitness ball is also referred to as yoga or exercise ball that is used for improving balance, core strength, and muscle tone. Moreover, Swiss ball and medicine-ball exercises are used for promoting balance in activities of daily living. Reportedly, Swiss-ball is extensively utilized for increasing strength, flexibility, coordination, endurance, and balance. Apart from this, medicine ball proves to be effective in improving the speed of exercise, strength, agility, and endurance. In addition, training with medicine ball improves physical function through the integration of upper and lower body training.
These fitness balls are utilized more prominently in fitness training, workouts, weight training, and physical exercises. These balls offer major benefits such as effective pose, balance of muscles, and good back & spine health.
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Key Industry Insights & Findings of the Fitness Ball Market Reports:
As per the analysis shared by our research analyst, the global fitness ball market is projected to expand annually at the annual growth rate of around 8.1% over the forecast timespan (2022-2030)
In terms of revenue, the global fitness ball market was evaluated at nearly $307.1 million in 2021 and is anticipated to hit $607.1 million by 2030
The global market is anticipated to surge at a remarkable rate over the forecast period due to escalating demand for improving body balance, body posture, core strength, and muscle tone
Based on size, the 65 cm diameter segment contributed to a major market share in 2021
On basis of distribution channel, the online segment registered the fastest CAGR over 2022-2030
In terms of application, the commercial segment to contribute lucratively towards the overall market size during the assessment timeframe
On the basis of region, the Asia-Pacific region is predicted to be a key revenue generator for the global market over the projected timeframe
Zion Market Research published the latest report titled "Fitness Ball Market By Size (45 cm Diameter, 55 cm Diameter, 65 cm Diameter, 75 cm Diameter, 85 cm Diameter, and 100 cm Diameter), By Distribution Channel (Offline and Online), By Application (Commercial and Household), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030." into their research database.
Industry Dynamics:
Fitness Ball Market: Growth Drivers
Huge need for enhancing body posture and health & fitness to steer the global market growth.
Escalating demand for improving body balance, body posture, core strength, and muscle tone will boost the product's popularity, thereby increasing global fitness ball market trends. Moreover, fitness balls are utilized for easing workouts and physical exercises along with improving of body's physique. This will expand the scope of growth of the global market. Apart from this, hectic work schedule and sedentary lifestyle have resulted in the humungous acceptance of in-home devices that require low investment and occupy lesser space. This has spurred the expansion of the global industry. Reportedly, more than 60% of adults experience back pain at least once in their lifetime and it is increasing globally. This will proliferate the size of the global industry. Large-scale use of fitness balls in corporate houses for special physiological exercises will spearhead the global industry landscape.
Fitness Ball Market: Restraints
Easy availability of cost-efficient exercise kits can impede the global market expansion.
Easy availability of cost-effective kits for exercise can hinder the global market demand. In addition to this, the increase in launch of automated equipment for physical exercises and its ability to offer huge health & fitness benefits to individuals can hamper the expansion of the global market.
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Fitness Ball Market: Opportunities
Adding new features to fitness equipment to open new vistas of growth for global market.
Introduction of new product features and innovations in fitness equipment will open a slew of new growth opportunities for the global fitness ball industry. In addition, the launching of new kinds of fitness trackers and smart exercise equipment will increase the avenues of expansion for the global industry.
Fitness Ball Market: Challenges
Non-adjustability can be a major challenge for the growth of the global market.
Fitness balls are not easily adjustable and can lead to poor body posturing, thereby restricting the adoption of fitness balls for physical exercises in gyms and fitness centers. This has proved to be a major challenge for the growth of the global fitness ball market.
Global Fitness Ball Market: Segmentation
The global fitness ball market is divided into size, distribution channel, application, and region.
Based on size, the global fitness ball industry is segmented into 45 cm diameter, 55 cm diameter, 65 cm diameter, 75 cm diameter, 85 cm diameter, and 100 cm diameter. Moreover, the 65 cm diameter segment dominated the global market share in 2021 and is set to record the highest CAGR of about 8.5% during 2022-2030. The segmental expansion can be credited to the immense use of 65 cm diameter balls in gums and fitness centers.
On the basis of distribution channel, the global fitness ball industry is segmented into offline and online segments. Moreover, the online segment is anticipated to register the fastest CAGR of nearly 10.2% over the assessment timeframe. The segmental growth can be owing to the thriving e-commerce segment and surge in online product purchases. In addition, huge discounts are offered by vendors in online purchases of the product, thereby leading to huge growth proliferation of the segment.
In terms of application, the global fitness ball market is divided into commercial and household segments. Moreover, the commercial segment, which led the growth of the global market in 2021, is expected to chart a profitable growth map for the fitness ball industry in the upcoming years. The growth of the segment during 2022-2030 can be attributed to surging awareness about health & fitness among people resulting in their participation in physical activities in gyms and health clubs. This has led to the massive adoption of fitness balls in the commercial segment.
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List of Key Players in Fitness Ball Market:
Black Mountain Products Inc.
Dynapro
Shuhua Sports Co.Ltd.
Valor Fitness
Fitball Australia
SPRI Products Inc.
Reebok International Ltd.
Sivan Health and Fitness
Gaiam
ProBody Pilates
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Key questions answered in this report:
What are the growth rate forecast and market size for Fitness Ball Market?
What are the key driving factors propelling the Fitness Ball Market forward?
What are the most important companies in the Fitness Ball Market Industry?
What segments does the Fitness Ball Market cover?
How can I receive a free copy of the Fitness Ball Market sample report and company profiles?
Report Scope:
Report Attribute
Details
Market size value in 2021
USD 307.1 Million
Revenue forecast in 2030
USD 607.1 Million
Growth Rate
CAGR of almost 8.1% 2022-2030
Base Year
2020
Historic Years
2016 – 2021
Forecast Years
2022 – 2030
Segments Covered
By Type, By Application, By Payload and By Propulsion System
Forecast Units
Value (USD Billion), and Volume (Units)
Quantitative Units
Revenue in USD million/billion and CAGR from 2022 to 2030
Regions Covered
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered
Black Mountain Products, Inc., Dynapro, Shuhua Sports Co., Ltd., Valor Fitness, Fitball Australia, SPRI Products, Inc., Reebok International Ltd., Sivan Health and Fitness, Gaiam, ProBody Pilates, and Live Infinitely.
Report Coverage
Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope
Avail of customized purchase options to meet your exact research needs.
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