What is Medicine Balls?
Medicine balls are heavy, yet not very weighty like dumbbells and portable weights. It is a sandbag meets-ball, which is ideal for toning various muscles of the body and permitting play out a wide scope of activities, which you will most likely be unable to do with different sorts of loads. The balls can be effectively tossed and gotten, making for hazardous developments. The increasing number of fitness clubs and gym in the developing countries is booming the demand for the medicine balls.
The market study is broken down by Type (0 - 5 lbs, 6 - 10 lbs, 11 - 20 lbs, 21 - 40 lbs and 41 - 60 lbs), by Application (Rehabilitation Training, Strength Training and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Medicine Balls market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Body-Solid(United States), Rage(United States), Century(United States), Fitness Gear(United States), GoFit(United States), Bionic Body(United States), Champion Sports(Ireland), Empower(United States) and Nike(United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are STOTT PILATES (Canada) and Simply Belle Fitness(United States.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Medicine Balls market by Type, Application and Region.
On the basis of geography, the market of Medicine Balls has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Medicine Balls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Nylon will boost the Medicine Balls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- The increasing online sales and marketing strategies
Market Drivers
- Increasing equipment and facility spaces in fitness clubs
- The rise in awareness among millennials related to the health
- Rising fitness clubs and gym
Opportunities
- Rising awareness among people to avail a healthy lifestyle, an increasing number of lifestyle-oriented disease
Restraints
- Fluctuated price of raw material
Challenges
- Intense competition in the market
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Medicine Balls Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.