The exercise resistance bands market share is expected to increase by USD 102.46 million from 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.42%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (strip exercise resistance bands and tube exercise resistance bands), end-user (individual users, health clubs and gyms, and other commercial users), and geography (North America, Europe, APAC, South America, and MEA).
The exercise resistance bands market report also offers information on several market vendors, including Black Mountain Products Inc., Bodylastics Inc., Coulter Ventures LLC, Fit Simplify, Perform Better Inc., ProSourceFit, Reehut, Sequential Brands Group Inc., TheraBand, and Wacces Store among others.
Black Mountain Products Inc. - The company offers a wide range of resistance bands such as the ultimate resistance band set, black mountain products heavyweight stackable resistance band kit, and more. Under the unified segment, the company offers products such as home gym equipment, yoga equipment, resistance bands, and fitness products.
What will the Exercise Resistance Bands Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global exercise resistance bands market as a part of the global leisure products industry within the global household durables market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the exercise resistance bands market during the forecast period.
Exercise Resistance Bands Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The low price and easy usage enhancing consumer adoption is notably driving the exercise resistance bands market growth, although factors such as aspects such as insufficient resistance, the potential for injury, and others deterring the growth of the market may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Exercise Resistance Bands Market Driver
- One of the key factors driving growth in the exercise resistance bands market is the low price and easy usage enhancing consumer adoption.
- Exercise resistance bands help in losing weight and protecting bone health and muscle mass, making one stronger and fitter, thereby playing an important role in disease prevention without the use of medicine.
- Band exercises require very little equipment and are one of the most affordable types of home exercises. Moreover, these bands are portable and convenient to carry.
- A full set of bands with different strength and resistance levels also cost considerably less than a home gym or a gym membership and help save a lot of space.
- The convenience of usage and low price of exercise resistance bands increase its demand and hence drives the market in focus.
Key Exercise Resistance Bands Market Challenge
- The aspects such as insufficient resistance, the potential for injury, and others will be a major challenge for the exercise resistance bands market during the forecast period. Unlike heavy free weights and weight machines, exercise resistance bands do not provide as much resistance and are not suitable for serious bodybuilding.
- Depending on the quality of resistance bands used, these bands can snap, causing injury to the eye, a skin scar, or sudden movement during an exercise that can strain the body.
- Measuring resistance is another factor that deters the growth of the market, as free weights or a weight machine can be measured based on the weight being lifted. This also eases the process of keeping track of the progress of the user. However, exercise resistance bands offer little to no reliability in measuring or quantifying the progress made.
This exercise resistance bands market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Exercise Resistance Bands Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain, and parent market of exercise resistance bands market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Exercise Resistance Bands Market?
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34% of the market’s growth will originate from North America during the forecast period. The US is the key market for exercise resistance bands in North America. Market growth in this region will be faster than the growth of the market in the European regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Product Segment in the Exercise Resistance Bands Market?
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The exercise resistance bands market share growth by the strip exercise resistance bands segment will be significant during the forecast period. Strip exercise resistance bands are flat and thin rubber latex, which resemble rubber bands. These bands are also called pull-up bands as they are used while performing pull-ups. Conventionally, these bands are used in physiotherapy to rehabilitate certain injuries. However, they are also used as basic resistance equipment and for toning the lower body or strengthening ankles. Strip exercise bands come in different thicknesses and colours, which represent different types of resistance. The thicker the band, the greater its resistance. As for the colours, each colour represents a level of resistance the exercise resistance band possesses.
This report provides an accurate prediction of the contribution of all the segments to the growth of the exercise resistance bands market size and actionable market insights on the post-COVID-19 impact on each segment.
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Exercise Resistance Bands Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.42% |
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Market growth 2021-2025 |
$ 102.46 million |
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Market structure |
Fragmented |
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YoY growth (%) |
10.21 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 34% |
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Key countries |
US, Germany, UK, France, and China |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Black Mountain Products Inc., Bodylastics Inc., Coulter Ventures LLC, Fit Simplify, Perform Better Inc., ProSourceFit, Reehut, Sequential Brands Group Inc., TheraBand, and Wacces Store |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Exercise Resistance Bands Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive exercise resistance bands market growth during the next five years
- Precise estimation of the exercise resistance bands market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the exercise resistance bands market industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of exercise resistance bands market vendor
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