Medicine balls Market Projected to Witness a Single-Digit CAGR During 2018-2028
Medicine balls Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028
[UKPRwire, Tue Sep 17 2019] Global Medicine Balls Market: Overview
Like several other workout and sporting accessories, medicine balls have successfully found their place on the retail shelf spaces and digital online market. Medicine balls are fitness equipment, which is a good workout option for all age group across the globe. Medicine balls or exercise balls are most often used in physiotherapy to improve the injury or for revalidation purposes as a training device. With the emerging innovative trends in the health and fitness industry, medicine balls are quickly finding their place in the global market.
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In the market, medicine balls are available in different sizes and weights for a different type of workouts. While some medicine balls are specially designed to add bounce, others are more firm for easy exercising.
A wide range of applications of medicine balls such as muscle building, weight loss cardio exercises in the health and fitness industry is complementing the global market and manufactures can consider this as a great opportunity to improve sales across the globe.
Global Medicine Balls Market: Dynamics
A key factor driving the medicine balls market is the increasing awareness of people towards fitness and their attraction towards home workout equipment. A rising number of gymnasium and health club members are willing to participate in the new forms of fitness activities and are expected to contribute to the global medicine balls market. Many hospitals are establishing physiotherapy care units, which is, in turn, contributing to the expansion of the worldwide medicine balls market. Growing popularity towards health and fitness among individuals have promoted the sales of medicine balls across the globe, and it will continue till forecast period 2018-2028.
With the growing health awareness, many regional government bodies are establishing gymnasium, sports academy and health club for fitness enthusiasts, which is a critical macroeconomic factor that is driving the medicine balls market. Also, they are raising campaigns to increase awareness towards fitness of the individual.
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Global Medicine Balls Market: Segmentation
Global medicine balls market segmentation on the basis of product type:
Leather medicine balls
Soft gel medicine balls
Sand filled medicine balls
Other Product Types
Global medicine balls market segmentation on the basis of the weight of the ball:
0 – 5 lbs
6 – 10 lbs
11 – 20 lbs
21 – 40 lbs
41 – 60 lbs
Global medicine balls market segmentation on the basis of end-user application:
Global medicine balls market segmentation on the basis of sales channel:
Online retail or e-commerce
Sporting goods retail
Supermarkets or departmental stores
Global medicine balls market segmentation on the basis of region type:
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Global Review of Medicine Balls Market
The global market for medicine balls can be developed by incorporating innovations in materials and design by the manufactures in the market. The key manufacturers of medicine balls in the global market are mostly located in North America and Europe. The medicine balls market has maximum opportunities in the developing countries of Asia Pacific regions, such as India and China. The supply chain of medicine balls in the market through different sales channels and the rising penetration of the digital platform is providing several opportunities to the manufactures, thereby contributing to an overall rise in the revenue.
The U.S and Canada are the largest market for medicine balls and will continue to dominate in the global market over the forecast period. Due to the growing health and fitness industry, medicine balls market will witness growth over the forecast period 2018-2028.
Global Medicine balls Market: Prominent Players
Some of the prominent players in the medicine balls market are Bosu, TRX, Decathlon, SPRI, Champion sports, Rage, Ader Fitness, Superior and some others. In the global market, these players of medicine balls are mainly focusing on developing the quality of the product at a minimal cost. Key manufacturers can grow further by incorporating their product with innovations and replacing the limitations.
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