Rubber Dumbbells Market Estimated To Witness High Growth
Author : Leena Shedmake | Published On : 30 Jan 2024
Rubber dumbbells are versatile free weights commonly used in strength training and fitness regimes. They are available in different weights and sizes to accommodate various exercise needs and skill levels. Some key advantages of rubber dumbbells include less noise during use, non-slippery surface, and portability. They are suitable for home workouts and commercial gyms. The increasing health consciousness and focus on preventive healthcare have fuelled participation in fitness activities worldwide.
The global Rubber Dumbbells Market is estimated to be valued at US$ 229.94 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The rising awareness about the importance of maintaining a healthy lifestyle is a primary driver propelling the growth of the rubber dumbbells market. According to the Global Health Observatory, cardiovascular diseases, cancer, respiratory diseases, and diabetes collectively accounted for over 80% of total global deaths in 2019. This has encouraged people to adopt healthy habits like regular exercise. Furthermore, the growing geriatric population that is more susceptible to chronic health conditions prefers light equipment like rubber dumbbells for low-impact workouts. Their versatility in providing full-body strength training makes them suitable for various age groups. Additionally, the increasing urbanization and busy schedules have fuelled the demand for convenient home workout options like rubber dumbbells. Majority of consumers now prefer purchasing small equipment to maintain fitness without visiting gyms regularly.
SWOT Analysis
Strength: Rubber dumbbells offer safety and versatility which traditional weights lack. Their non-slippery surface prevents accidents. Users can exercise core stabilization, grip strength and range of motion more easily with various equipment like yoga balls.
Weakness: Rubber dumbbells are relatively expensive compared to traditional cast iron or vinyl dumbbells. Their weight alters as the rubber compresses during use, providing inconsistent resistance. Maintaining grip strength needs constant readjusting of hands.
Opportunity: The popularity of home workouts increased due to pandemic lockdowns. Users prefer versatile equipment for full-body training. Rubber dumbbells allow low-impact exercises suitable for all ages and abilities at home gyms.
Threats: Online videos and apps provide virtual personal training free of equipment costs. Traditional weights are cheaper and require less storage space. Users may lose motivation working out independently without in-person trainers.
Key Takeaways
The Global Rubber Dumbbells Market Size is expected to witness high growth. The global Rubber Dumbbells Market is estimated to be valued at US$ 229.94 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.
Regional analysis related content comprises North America dominates the rubber dumbbells market currently due to rising health consciousness. Asia Pacific is expected to be the fastest growing region owing to increasing youth population and their focus towards fitness.
Key players related content comprises Key players operating in the rubber dumbbells market are Body-Solid Inc., Bowflex, CAP Barbell, Gofit, Golds Gym, Goodlife Fitness Equipment, and JaxJox among others.
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