Foam Roller Market REPORT OVERVIEW
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The global foam roller market size was USD 320.4 million in 2022 and is projected to touch USD 799.97 million by 2031, at a CAGR of 10.7% during the forecast period.
A foam roller is a relatively basic equipment that has been used for decades to stretch out muscles and tendons by athletes and normal people alike. It enables a person to do a self-myofascial release, or SMR, which involves breaking down adhesions in muscle tissue in order to recover from physical exercise quicker.
Foam rollers are used as part of the rehabilitation or regeneration strategy to soothe muscle soreness and improve recovery. Foam rolling can help individuals enhance their athletic performance and flexibility while also reducing stiffness and muscular tightness after a workout. Due to these factors, increasing demand for personal use as well as professional sports will augment the product demand in the forthcoming years.
COVID-19 Impact: Decline in Professional Sports Tournaments Led to Weakened Demand
Due to the COVID-19 pandemic, various minor as well as major sports tournaments were either postponed or cancelled altogether to curb the spread of the coronavirus outbreak. With a notable decline in professional sports, particularly outdoor sports, the demand for foam rollers declined considerably. The closure of gyms and fitness centers was also witnessed in most regions. On account of these factors, the number of injuries or accidents related to sports and training dropped considerably. As a result, the market demand went down rapidly.
Several disruptions such as supply chain uncertainty, workforce shortages, and strict protocols related to COVID-19 posed major roadblocks for manufacturers. However, despite these factors, increased participation of people in physical fitness activities at their homes to maintain their health amid the pandemic created several new opportunities for market players.
LATEST TRENDS
"Rising Health Awareness and Increasing Engagement in Physical Exercise to Push Market Growth"
The worldwide foam roller market is growing due to rising health awareness and increased engagement in physical exercise activities. According to WHO obesity affects almost 1 billion individuals globally, including 650 million adults, 340 million teenagers, and 39 million children. This figure is still rising.
Obesity is becoming more prevalent and the number of overweight individuals is also rising worldwide. Consequently, people are becoming more aware of the health consequences of obesity, such as high blood pressure, heart disease, and osteoarthritis. The growing popularity of exercise is driving up demand for workout equipment like foam rollers.
Foam Roller Market Segmentation
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- By Type Analysis
By type, the market is segmented into hollow foam roller and solid foam roller. Hollow foam roller segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into commercial use and family use. The commercial use segment will lead the global share through 2031.
DRIVING FACTORS
"Growing Knowledge about Foam Rollers through Social Media to Promote Growth"
There are several variables that contribute to the foam roller market growth. One such factor is the growing knowledge of the advantages of foam rolling and the simplicity with which it can be accessed via social media platforms. As a result, more individuals are using foam rolling as a kind of exercise or to relieve pain and muscle spasms in general. The development of new products with novel features has also supported market expansion by providing consumers with new ways to enjoy their foam rolling experience.
RESTRAINING FACTORS
"Availability of Alternative Products Could Hamper Market Growth"
Despite their growing popularity and wide availability, the use of a foam rollers might be harmful or injurious to a person's body under specific settings and circumstances. Exercises involving foam rolling put pressure on and stress on the bones, as well as the blood vessels, skin receptors, nerves, and lymphatic vessels. Unless specifically instructed differently by a medical expert, those with diseases such as lymphedema, advanced diabetes mellitus, severe osteoporosis, and varicose veins should avoid this type of activity.
A foam roller can be helpful while healing from a muscular strain, but rolling over a torn muscle in the first phases of the ailment should be avoided advised by the therapist. . Rolling over a muscle that is severely ripped might make it more difficult for the muscle to heal, and it would certainly be excruciatingly painful. These factors may boost the demand for alternative products, which will hamper the market growth.
Foam Roller Market REGIONAL INSIGHTS
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The average daily involvement in sports and exercise increased, per the U.S. Department of Labor's Bureau of Labor Statistics. The National Collegiate Athletic Association (NCAA) reports that more student athletes compete in more than two sports each year in the U.S. Growing participation in professional sports as well as increasing uptake of physical activities on a personal level will boost the foam roller demand in the region significantly. Local and international players are slated to witness enormous opportunities from the North American region.
In the worldwide foam roller market, Europe accounted for a sizeable portion in terms of revenue. This market is expanding rapidly as a result of rising government spending in sports infrastructure and training programmes that facilitate people's participation in sports and the development of their potential. Increased number of sports and physical fitness enthusiasts will certainly push the demand for foam rollers in the forthcoming years.
KEY INDUSTRY PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Trigger Point (U.S.)
- TECHNOGYM (Italy)
- Hatha (India)
- Yes4All (Vietnam)
- RumbleRoller(U.S.)
- ADIDAS (Germany)
- JOINFIT (China)
- Aimeishi (China)
- Tokuyo (Taiwan)
- LianHong (U.S.)
REPORT COVERAGE
The examination of many aspects that contribute to the market's growth has been enclosed within the analysis report. Market trends, restrictions, and drivers that have a positive or negative influence on the market make up this category. This section conjointly discusses the numerous sectors and applications that will have a control on the market within the future. the info is predicated on current trends further as historical milestones. This section conjointly includes a breakdown of production volume on the worldwide market and for every class. the quantity of output by region is mentioned during this section. The analysis includes a rating analysis for every kind, manufacturer, area, and worldwide value.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 320.4 Million in 2022 |
Market Size Value By |
US$ 799.97 Million by 2031 |
Growth Rate |
CAGR of 10.7% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the payment orchestration market expected to touch by 2031?
Based on our research, the payment orchestration market is projected to touch USD 799.97 million by 2031.
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What CAGR is the payment orchestration market expected to exhibit by 2031?
payment orchestration market is expected to exhibit a CAGR of 10.7% by 2031.
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Which are the driving factors of the payment orchestration market?
Advancing and promoting through to social media to enhance payment orchestration market growth
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Which are the top companies operating in the payment orchestration market?
Trigger Point, TECHNOGYM, Hatha, Yes4All, RumbleRoller, ADIDAS, JOINFIT, Aimeishi, Tokuyo, LianHong