ID: MRFR/CR/8685-HCR | February 2021 | Region: Global | 90 pages
Global Resistance Bands Market size is projected to reach approximately USD 1.74 Billion by 2026, at a CAGR of 12.25% from 2020 to 2026. Resistance bands are elastic bands that were initially used in rehabilitation training for people recovering from an injury. However, consumers have combined these bands with their regular workouts. Market players have launched resistance bands in several colors, sizes, lengths, and strengths. Different shapes of resistance bands such as straight, flat, and tubular are used to perform different exercises. Resistance bands are portable, provide the ease of carrying on-the-go, and are cheaper as compared to free weights. These major factors drive the sales of resistance bands across the world. However, the possibility of injury due to bands snapping may hinder the market growth during the forecast period.
The impact of COVID-19 has directly affected the distribution and sales of different products across industries. Many countries are under lockdown and have sealed their borders to curb the spread of the virus. The impact of COVID-19 on logistics has disrupted the supply of raw materials, which has further resulted in reduced production capacity and, thus, product shortages. These factors are expected to cause a rise in the prices of resistance bands in the short run. Moreover, gymnasiums and workout centers are considered as gathering areas and have been closed across several countries owing to the COVID-19 outbreak. Therefore, the demand for resistance bands has increased considerably, as consumers have started exercising within their homes.
Global Resistance Bands Market has witnessed high growth in recent years. The increasing importance of physical fitness and the busy schedules of consumers propelled the growth of the global resistance bands market in 2019. Resistance bands offer benefits such as being lightweight, easy to carry, and low cost. Resistance bands function on the weight applied by the user, thereby eliminating the need for separate equipment targeting different muscle groups. However, incorrect usage of resistance bands may lead to injuries, which in turn may hinder the market growth during the forecast period. Market players such as Gorilla Fitness Support and SPRI are offering resistance band kits, which include a wide range of bands of different sizes, shapes, and tensile strengths along with specific accessories to perform all forms of exercises. These factors are expected to impact market growth during the forecast period positively.
The growing importance of physical fitness and mental health among consumers
By Distribution Channel
|Market Size||2026: USD 1.74 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product Type, Category, Distribution Channel and Non-Store-Based) and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Performance Health Holding, Inc. (US), Wacces, Inc. (US), Black Mountain Products, Inc. (US), ProsourceFit (US), Zaj Fit (US), Xtremebands (Canada), Bodylastics USA Inc. (US), Fitness Anywhere LLC (US), Decathlon S.A. (France), The Peach Builder Co. (New Zealand)|
|Key Market Opportunities||The impact of COVID-19 on logistics has disrupted the supply of raw materials, which has further resulted in reduced production capacity and, thus, product shortages.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Between 2020 and 2027, the Resistance Bands Market can expand at a rate of 12.25%.
Resistance Bands Market can reach close to USD 1.74 Billion by 2026.
The rising focus on physical fitness and mental health along with the hectic lifestyle being led by the consumers has induced growth in the resistance bands market.
Key vendors are continuously spending on R&D to introduce advanced technologies and boost the productivity of the band material. New and better products have garnered a lot of interest from the consumers, leading to surplus market growth.
Therapy bands have gained the highest traction in the global Resistance Bands Market.