Resistance Bands Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Resistance Bands Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : February, 2021 | Consumer Goods

Report Digest


Global Resistance Bands Market: Overview

A resistance band refers to an elastic band that is utilized for the purpose of strength training. These bands are also usually utilized in physical therapy, particularly by people who have had suffered muscular injuries to slowly rebuild the strength, which is likely to support growth of the global resistance bands market over the years of assessment.

Resistance band is a staple piece of equipment that is put to use in different sessions of physical therapy. It is widely utilized by people who had some kind of suffered muscular injuries and are going through rehabilitation therapies. These bands can also be utilized to do different exercises to better the condition of one’s elbows, shoulders, knees, and elbows. These bands are also used in bettering one’s core body strength though improvement of muscular imbalance. Resistance bands come in four different types, which are extra heavy, heavy, medium, and light. These bands are color-coded according to their levels of resistance, red, yellow, and green. Customers make a selection of these bands based on their level of fitness, muscular endurance, and convenience.

The global resistance bands market has been segmented based on product, application, end use, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.

Global Resistance Bands Market: Notable Developments

The global resistance bands market has come across quite a few developments in the last few years. One such development of the market is mentioned below:

  • In Octiber 2017, Chinese electronic giant, Xiaomi Corporation has introduced a smart elastic resistance band – Mind It. These resistance bands are excellent additions to any routine of strength training or rehabilitation program. Resistance bands come in a wide range of strengths, lengths, and sizes. New product launches are likely to diversify the product portfolio of Xiaomi Corporation.

Some of the key market players of the global resistance bands market are

  • Black Mountain Products Inc
  • Bodylastics International Inc
  • ZAJ FIT
  • Fitness Anywhere LLC
  • Xiaomi Corporation
  • Xtreme Bands

Global Resistance Bands Market: Growth Drivers

Increased Incidences of Physical Inactivity to Fuel Growth of the Market

A rise in the demand for economically priced home-based work-out fitness products is likely to propel exponential expansion of the global resistance bands market in the years to come. The launch of smart resistance bands have further added to the rapid growth of the global resistance bands market. The smart versions of these bands are fitted with motion sensors and Bluetooth transmitters, which make it a popular choice for many across the globe.

There has been a steady yet continuous rise in the physical inactivity of people across the globe. This has compelled many health organizations to fight off the same through various initiatives. In accordance with the data of World Health Organization (WHO) in 2010, around 23% of the adult population all over the world was not involved with any kind of physical activity. Six years later in 2016, the number of people who were not physically active rose to 28% of the total population of the world. In an effort to fight off such high prevalence of physical inactivity, World Health Organization started a global plan of action to induce physical activity. Such initiatives are likely to support growth of the global resistance bands market over the years of assessment.

Global Resistance Bands Market: Regional Outlook

In the global resistance bands market, North America is expected to account for the lion’s share of the market. The region is estimated to continue with its territorial dominance over the tenure of assessment due to a growing inclination toward a healthy lifestyle.  High prevalence of various chronic diseases like cardiovascular diseases, diabetes is further expected to bolster the demand for resistance bands in the North America region.

The global resistance bands market is segmented as:

Product

  • Therapy
  • Pull up
  • Exercise

Application

  • Individual
  • Health and Sports Clubs

Distribution Channel

  • Online
  • Offline

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?