Resistance Bands Market Size, Share, Industry, Forecast and Outlook (2023-2030)
The Resistance Bands Market are elastic bands used for performing strength training. These are widely used for physical therapy, muscular injuries, and rehabilitation therapy. These are available in different colors, including green, yellow, and red, depending on the resistance level. These bands are useful for enhancing body strength. Different categories of resistance bands such as light, medium, heavy, and extra-heavy are available.
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Market Dynamics
The rising usage of resistance bands drives the global resistance bands market in physical therapy and patients' rehabilitation for strengthening the muscles. Resistance bands are used for performing several exercises for the shoulders, feet, knees, and elbows. The growing adoption of physical activities and regular exercises for improving flexibility, mobility, and the body shall positively impact the market.The market is witnessing technological advancement regarding resistance bands and motion sensors, and Bluetooth transmitters.
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Segment Analysis
The market is segmented into therapy bands, pull-up bands, and exercise bands. The exercise bands segment accounts for the highest market growth owing to the rising usage of exercise bands for lower body, upper body, and arms exercises. Exercise bands are available on a tube-shaped and flat surface. Several companies are launching new products to increase their reach in the market. For instance, in 2015, Performance Health, LLC launched a latex-free resistance band.
The therapy bands segment is expected to have positive market growth due to the rising demand for physical therapists' therapy resistance bands. Physical therapists prefer therapy bands for patients’ exercises. Therapy bands are beneficial for patients with illness or injury that results in problems with functional mobility.
Competitive Landscape
The global resistance bands market is fragmented with the presence of several local and international players. Companies are using advanced raw materials and technology for manufacturing resistance bands. Several new market players are entering the market due to low entry barriers and low production costs. New product launches, the cost-effectiveness of resistance bands, and product diversification intensify the competition among the market players.
Performance Health LLC, Wacces, Black Mountain Products Inc, Prosource, ZAJ FIT, Xtreme Bands, Bodylastics International Inc., and Fitness Anywhere LLC are the leading market players with significant market sizes. Performance Health is a leading designer, manufacturer, and marketer of branded rehabilitation and wellness products, including the resistance band.
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