Global Resistance Bands Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Resistance Bands Market” is a recent report generated by MarketResearch.biz. The study and analysis were conducted using expert opinions and inputs, as well as thorough primary and secondary research efforts to ascertain various aspects of the resistance bands market. The global resistance bands market segmentation allows for deeper thought and comprehension in order to decisively assess, analyze, and study. Besides revenues for segments, the global, regional, and country-wise market revenue segmentation has been compiled in a fastidious manner for clear understanding and flow. The global resistance bands market report has been segmented on the basis of type, distribution, and region.
A resistance band is an elasticized band that is used as part of a strength training workout. It is a staple piece of equipment that is implemented in various physical therapy sessions, to be more specific, it is used by convalescents of muscular injuries and rehabilitation therapy.
They can be used to perform various exercises to improve one’s knees, shoulders, elbows, etc. They also aid in boosting one’s core body strength by improving muscular imbalance. There are four main categories that resistance bands can be found in – light, medium, heavy and extra-heavy. The bands have been color-coded as per their levels of resistance – green, yellow and red. Accordingly, customers can choose a respective band as per their convenience, muscular endurance and levels of fitness.
The global resistance bands market had a valuation of $US 712 million in 2018 and is slated to experience a positive CAGR over the forecast period.
A surge in the demand for cost-effective home work-out fitness products is expected to exponentially propel the growth of this market in the foreseeable future. The introduction of smart resistance bands that come equipped with Bluetooth transmitters and motion sensors will give this market an added boost.
The steady rise in physical inactivity people on a global level has prompted several health organizations to take initiatives to combat the same. According to the World Health Organization (WHO) in 2010, adults aged 18 and over that were not involved in any form of physical activity were recorded at a staggering 23% of the global population. Six years later, the number of people doing the same was 1.4 billion people or 28% of the global population. As a means to tackle this issue, the WHO initiated the global action plan on physical activity. According to this plan, they aim to reduce physical inactivity by 10% by 2025 and 15% by the year 2030. It is due to these factors that anticipation in the growth of the global resistance bands market is thought to surge.
As per product type, segmentation can be categorized under the tube type, flat loop, figure 8 and the ring. In 2018, exercise bands accounted for close to 50% of the markets share. This product comes in two different types of surfaces – flat and tube-shaped. These products can be used to train the lower and upper body, as well as the arms.
The distribution of the market can be segmented into online and offline distribution channels. A growing working-class population and an increasing presence of e-commerce platforms are steering the growth of this market. Factors such as accessibility to an array of products, convenience, and remote shopping are what will boost the sale of resistance bands in the foreseeable future. The online segment is slated to experience a positive CAGR over the forecast tenure.
In 2018, the offline segment of resistance bands held the largest portion of this market thanks to major retailers like Wal-Mart Stores Inc. and Decathlon S.A. and is projected to do the same over this study’s tenure.
The largest share in the market of resistance bands in 2018 was held by North America (35%). It is slated to assume its dominance over the study period. The shift in personal preferences for a healthy lifestyle is the driving factor for improved regional growth.
The prevalence of chronic diseases such as heart diseases is expected to surge the demand for resistance bands in the US.
A region that is anticipated to experience the highest CAGR belongs to the Asian Pacific region. The governments of India and China, among others, have undertaken various initiatives to improve the general fitness levels of their citizens. This will lead to an augmentation of the market’s growth in this respective region.
Global Resistance Bands Market Segmentation:
Global Resistance Bands Market Segmentation, by type:
- Tube type
- Flat loop
- Figure 8
- The ring
Global Resistance Bands Market Segmentation, by distribution:
Global Resistance Bands Market Segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Performance Health LLC (TheraBand)
- Black Mountain Products Inc.
- ZAJ FIT
- Xtreme Bands
- Bodylastics International Inc.
- Fitness Anywhere LLC
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