The Global Rubber Dumbbells Market Growth Accelerated By Increasing Health Awareness Among Consumers
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Rubber dumbbells provide an option for strength training that is more affordable and safer than metal weights. They allow users to perform a variety of weight lifting exercises at home or at the gym without worrying about dropping or damaging the weights. The rubber construction absorbs impact and prevents injuries.
The global Rubber Dumbbells Market is estimated to be valued at US$ 229.94 Mn in 2024 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 key trends:
The growing popularity of home gyms and at-home workouts has been a major driver for the rubber dumbbells market in recent years. With more people choosing to exercise at home for flexibility and cost savings rather than joining gyms, the demand for affordable home exercise equipment has increased significantly. Rubber dumbbells have benefited from this trend as they provide a safe and versatile option for strength training at home. Their easy storage and portability has also increased their appeal for small home workouts. Product innovations including adjustable weights, ergonomic designs and app connectivity are expected to further support rubber dumbbells market growth over the forecast period.
Segment Analysis
The global rubber dumbbells market is dominated by the adjustable dumbbells sub-segment. Adjustable dumbbells allows the user to change the weight of the dumbbells easily using a pin-based system or weight plates. This provides flexibility to users to perform various weight training exercises as per their fitness regimen. Adjustable dumbbells have grown in popularity as they save space compared to carrying multiple sets of fixed dumbbells.
Key Takeaways
The Global Rubber Dumbbells Market Demand is expected to witness high growth over the forecast period driven by increasing fitness awareness and rising number of health clubs/gyms. The global Rubber Dumbbells Market is estimated to be valued at US$ 229.94 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.
The North America region currently dominates the market owing to increasing investments by key players and presence of major manufacturers in the region. Europe is expected to grow at a significant rate during the forecast period. The Europe rubber dumbbells market is projected to grow at a fastest rate during the forecast period. This is attributed to growing focus of European countries on preventive healthcare. Countries like Germany, UK, France are witnessing increasing gym memberships and exercise routine adoption. This has positively impacted the demand for fitness equipment including rubber dumbbells in the region.
Key players related content comprises
Key players operating in the rubber dumbbells market are Novartis AG (Switzerland), Biogen Inc. (US), Gilead Sciences, Inc. (US), Bristol-Myers Squibb (US), Alnylam Pharmaceuticals, Inc. (US), and Sarepta Therapeutics, Inc. (US) among others. Novartis AG dominates the market and has wide product portfolio and geographical presence for rubber dumbbells.
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