Exercise Resistance Bands Market 2027 | Industry Analysis by Product, by Applications and by Distribution Channel
Research Reports
Jan 09, 2021
The Exercise Resistance Band market was valued at US$ 290.6 Mn in 2018 and expected to grow at a CAGR of 11.5% during the forecast period from 2019 to 2027.
Market Insights
“Growing online distribution channel drives the demand for the market”
Rising online shopping trends is increasing the demand for exercise resistance bands. E-commerce offers a variety of brands to choose from, it also provides various offers and discounts. Thereby, increasing the demand for exercise resistance bands. Moreover, affordable prices associated with resistance bands and numerous uses of resistance bands for whole body workout supports the market demand.
Exercise resistance bands have a variety of applications. Resistance bands are used in a variety of physical therapy, such as slow recovery of strength in cardiac rehabilitation patients and in the treatment of muscular injuries. These factors are key factors that support the growth of the market.
“Easy usage enhances market growth”
Fitness equipment requires training while using them and also needs a large space to place them. Resistance bands, on the other hand, are very easy and convenient to use and store. Thereby, increasing its drift among consumers while performing in-house fitness activities.
Top manufacturers in the exercise resistance band industry are mainly focusing on new product launches.
Application Analysis
“Convince of using resistance bands is major factor supporting market growth”
The application segment is further classified into individual users, gyms and other health clubs. The individual user segment holds the largest market share for exercise resistance bands in 2018. Dominance is supported by reasons such as that the exercise of resistance bands is easy to carry. Consumers prefer to exercise resistance bands because of their portability. Consumers can travel with resistance bands and use them whenever they want.
Individual consumers are more likely to use exercise resistance bands as they require very little or no space for storage or storage. In addition, the low price of exercise resistance bands is a major factor in the dominance of individual segments.
“Multiple fitness usage of exercise resistance bands will drive the market among individuals”
The main benefit of using exercise resistance bands is, a single band can be used for various exercises. Consumers can use same band for upper as well as lower body workouts. Moreover, exercise resistance bands can be used for treating injuries and chronic diseases, is the key factor for the growth of the market.
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Industrial Developments
• In September 2018, Black Mountain Products Inc. redesigned its website. The website showcased home and yoga equipment, and resistance bands. Thereby, aims to provide improved visitor experience. The company also suggest that it is continuously improved the variety of its fitness equipment, and the new website displayed all the improved and innovative products.
• In January 2018, Rouge Fitness acquired OSO Barbell, a leading manufacturer of barbell collar and other weightlifting equipment. the acquisition aims to increase the product portfolio of Rouge-branded OSO collars.
Key Market Movements:
• Globally, the Exercise Resistance Band market is rising at a CAGR of 11.5% for the estimated period from 2019 to 2027
• In 2018, North America dominated the global exercise resistance band market. The majority are supported by factors such as multiplying health awareness among people in North America. Increased trends in home fitness. In addition, rising demand for home fitness equipment dominates the market for exercise resistance in North America.
• On the basis of applications, the individual user holds the largest share in the global resistance band exercise market. Dominance is supported by factors such as the pocket-friendly nature of resistance band exercise. The Resistance Band also provides an appropriate fitness programme for individuals.
• Based on the distribution channel, the offline distribution channel dominates the resistance band market globally. Consumers tend to prefer the offline mode of purchase of products as it provides better and more favourable consumer experience.
• A growing number of government initiatives, such as Move your way, Adolescent Health: Think Act and Grow (TAG) and Fit India drives the market growth.
List of Companies Covered:
• Wacces Store.
• TheraBand
• Reehut
• Xtremebands
• Bodylastics USA Inc.
• Fitness Anywhere LLC
• Reebok
• 4D Rubber Company
• Rogue Fitness
• Black Mountain Products, Inc.
• Perform Better
• SPRI
• RIMSports
• WODFitter
Key questions answered in this report
- What are the current market trends and dynamics in the exercise resistance bands market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the exercise resistance bands market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
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ToC:
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Exercise Resistance Bands (ERB ) Market
2.2. Global ERB Market, by Product Type, 2018 (US$ Mn)
2.3. Global ERB Market, by Applications, 2018 (US$ Mn)
2.4. Global ERB Market, by Distribution Channel, 2018 (US$ Mn)
2.5. Global ERB Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global ERB Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Exercise Resistance Bands (ERB ) Market, by Product Type , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Tube Resistance Bands
4.3. Strip Resistance Bands
4.4. Rope Resistance Bands
4.5. Others (Loop Resistance Bands, etc.)
5. Global Exercise Resistance Bands (ERB ) Market, by Applications, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Individual Users
5.3. Gym and Health Clubs
5.4. Others
6. Global Exercise Resistance Bands (ERB ) Market, by Distribution Channel, 2017-2027 (US$ Mn)
6.1. Overview
6.2. Online Sales
6.3. Offline
6.3.1. Supermarkets and Hypermarkets
6.3.2. Brand Outlets
6.3.3. Other Retail Stores
7. North America Exercise Resistance Bands (ERB ) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America ERB Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America ERB Market Value, By Product Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America ERB Market Value, By Applications, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America ERB Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America ERB Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Exercise Resistance Bands (ERB ) Market Analysis, 2017-2027 (US$ Mn)
…………
9. Asia Pacific Exercise Resistance Bands (ERB ) Market Analysis, 2017-2027 (US$ Mn)
………
10. Rest of the World Exercise Resistance Bands (ERB ) Market Analysis, 2017-2027 (US$ Mn)
…………
11. Company Profiles
11.1. Wacces Store.
11.2. TheraBand
11.3. Reehut
11.4. Xtremebands
11.5. Bodylastics USA Inc.
11.6. Fitness Anywhere LLC
11.7. Reebok
11.8. 4D Rubber Company
11.9. Rogue Fitness
11.10. Black Mountain Products, Inc.
11.11. Perform Better
11.12. SPRI
11.13. RIMSports
11.14. WODFitter
………………
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