Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Fitness Ball Market size is expected to reach $495.5 Million by 2028, rising at a market growth of 8.0% CAGR during the forecast period.
The Commercial segment is showcasing a CAGR of 7.6 % during the (2022 - 2028). The rising awareness about the advantages of a healthy lifestyle and fitness has also increased the participation of people in yoga studios and health clubs. The growth of clubs that address specific health concerns of an individual has also motivated many people to increase activity in their daily lives. An increment in the number of people opting for the health club and gym membership has also been observed recently. All these elements are boosting the segment's growth.
The Offline segment acquired maximum revenue share in the Global Fitness Ball Market by Distribution Channel in 2021 thereby, achieving a market value of $348.1 Million by 2028. Most of the sales of fitness balls are recorded from the retail store. This is because most retail stores offer numerous brands that manufacture different types and sizes of fitness balls. The retail stores also provide shopping aids like seasonal and festive offers, lesser prices, and a comprehensive display of fitness balls that provide users the freedom of selection.
The 45cm Diameter segment has shown the growth rate of 8.5% during (2022 - 2028). This size is considered optimal for people under 5 feet in height. Therefore, fitness balls of 45cm diameter are most suitable for children as well as for balance exercises. In addition, many people also use small-sized gym balls like this for spinal stabilization exercises. All these factors are driving the expansion of the segment.
The North America market dominated the Global Fitness Ball Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $160.1 Million by 2028. The Europe market is exhibiting a CAGR of 7.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 8.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/fitness-ball-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Black Mountain Products, Inc., DynaPro, Fitball Australia, Live Infinitely LLC, ProBody Pilates (Oak Mountain Products LLC), Reebok International Ltd. (Authentic Brands Group LLC), Sivan Health and Fitness, and Valor Fitness (Valor Athletics, Inc.)
By Distribution Channel
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