Resistance Bands Market Segmentation and Analysis by Recent Trends and Development 2025
The Resistance Bands Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
Market Insights
The global resistance bands market is anticipated to reach USD 1.62 billion by the end 2025, according to a new report released by Million Insights. The market is anticipated to grow at a CAGR of 12.4% during the forecast period, 2019 to 2025. This growth is attributed to growing inclination towards healthy and fit lifestyle and availability of affordable products. Moreover, manufacturers are focusing on providing customized products to cater to rising consumer demand. Furthermore, these resistance bands are prescribed by majority of doctors, physicians, fitness trainers, and sports coaches to build inner strength and reduce the strain of physical injuries.
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Decreasing rate of
physical activity among people across the globe is enforcing governments and
health organizations to take initiatives that promote sports activities and
fitness. Moreover, consumers prefer technologically advanced products that have
Bluetooth transmitters and motion sensors. This is influencing manufacturers to
focus on product innovations and new product launches. For example, a latex
free resistance band with a brand name ‘TheraBand’ was launched by Performance
Health, LLC in 2015.
The segment of exercise
bands dominated the market in 2018 owing to its multi-functional properties
that target arms, lower body, and upper body. Moreover, exercise bands are
preferred for weight management by reducing muscular imbalance. The health and
sports club application segment held the largest market share in 2018 owing to
increasing number of working-class population and growing awareness regarding
fitness and health issues among consumers across the globe. Therefore, people
are joining gyms, health clubs, and sports clubs to maintain a fitness regime.
This factor is expected to drive the segment growth over the forecast period.
North America dominated
the resistance bands market in 2018 owing to rising awareness regarding
benefits of exercising and shifting trend towards healthy and fit lifestyle
among the people in this region. Moreover, increasing number of people with
cardiac disorder is also influencing people to use resistance bands.
Leading
Players Analysis covered in these report
• Wacces
• Black Mountain Products Inc.
• ZAJ FIT
• Bodylastics International Inc
• Xtreme Bands
Access Resistance Bands
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Resistance Bands Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• U.S.
• Europe
• U.K.
• Denmark
• France
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
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