Global Balance Board Market Overview:
Balance Board is the short and strong plank or a board mounted on the see-saw like lever or fulcrum to maintain balance. It is mostly used for basis body balancing training, brain development, musical training and recreational purpose. These boards offer benefits such as improve posture, enhance body balancing skills, minimize back pain, improve body co-ordination, offers higher joint strength and increase body alertness among various other advantages.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Development of balance board with new shapes and styles
Market Growth Drivers:
Increasing awareness towards physical fitness
Challenges:
The Balance Board Market is Highly Competitive and The High Cost of Materials, Labor, and Shipping
Restraints:
High cost associated with balance board
Opportunities:
Product availability in untapped regions and Availability through online sales channel
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Some of the key players profiled in the report are URBNFit (US), Yes4All (US), Sivan (US), Kinderfeets (US), Isokinetics Inc. (US), Exertools (US), Whirly Boar (US), Strongboard Balance (US), REVOLUTION Balance Boards (US) and Theraband (US). Analyst at AMA Research see Major players are concentrated in United States Vendors to retain maximum share of Global Balance Board market by 2028. Considering Market by End-User, the sub-segment i.e. Gymnasts will boost the Balance Board market. Considering Market by Material, the sub-segment i.e. Wood will boost the Balance Board market. Considering Market by Shapes, the sub-segment i.e. Round will boost the Balance Board market.
Latest Market Insights:
In August 2022, Whirly, a leading manufacturer of balance boards, announced a partnership with Gaiam, a yoga and fitness company, to develop a line of co-branded balance boards. The partnership aims to expand Whirly's reach into the yoga and fitness market and provide Gaiam's customers with a new product to enhance their practice.
In October 2023, WobbleTech, a pioneer in balance board technology, launched its latest product, the WobbleTech Pro+, featuring an advanced sensor system that provides real-time feedback on balance and stability. The product is designed for professional athletes and fitness enthusiasts who demand the highest level of performance from their balance training equipment.
What Can be Explored with the Balance Board Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Balance Board Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Balance Board
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Balance Board market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Balance Board market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.