Resistance Bands Market Overview with Regional Growth, Price, & Forecast 2020 - 2030
Resistance Bands Market Outlook
Resistance band market Insights are available in many shapes, such as straight, flat, and tubular, and can be used for a range of exercises. Resistance bands are more portable, easier to transport, and less expensive than free weights. These key variables drive resistance band sales across the world. However, the risk of harm from snagged bands could hinder market growth shortly.
The Global Resistance band Market size is projected to reach approximately USD 1.74 Billion by 2027, at a CAGR of 12.25% from 2020 to 2027.Resistance bands are elastic bands that were first used in rehabilitation exercises for injured people. Consumers, on the other hand, have incorporated these bands into their daily routines. Colors, widths, lengths, and strengths of resistance bands are all available. Furthermore, because of the COVID-19 outbreak, gyms and training centers have been designated as gathering places in various countries and have been closed. As a result, as people have begun to work out at home, the demand for resistance bands has skyrocketed.
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Market Segmentation
Based on type, the Resistance Bands Market Report has been segmented into Therapy Bands, Tube Bands, Fit Loop Bands, Pull-Up Bands, and Others.
Based on category, the market has been segmented into Light, Medium, and Heavy.
Based on the market Distribution Channel, the market has been segmented into Store-Based and Non-Store-Based.
Based on the Region, the market has been segmented into North America, Asia-Pacific, Europe, and the Rest of the World.
Regional Classification
During the historic forecast period, the worldwide resistance band market size overview was dominated by North America. Obesity and weight-related disorders have become more common in the United States, affecting Americans’ lifestyles. Due to the increased importance of physical fitness and weight training in the region, resistance bands are in great demand. Asia-Pacific is a new revenue stream for the resistance band market. The growing populations of China and India have created a lucrative market for current firms. The growing need for physical activities has resulted in a desire to stay active, moving the market ahead in the region.
Industry News
The major Key players in the key resistance band market are Performance Health Holding, Inc., Wacces, Inc., Black Mountain Products, Inc., ProsourceFit, Zaj Fit, Xtremebands, Bodylastics USA Inc., Fitness Anywhere LLC, Decathlon S.A., and The Peach Builder Co. As the need for resistance bands grows, market participants are spending on research and development to offer new technologies and improve the band material. Consumers are responding positively to new and inventive products, which is propelling global market growth. Sensor-based devices to track body mass index (BMI) and related measures, for example, are being introduced by market companies.
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