According to the recent report by Future Market Insights (FMI), the resistance bands market size is estimated to stand at USD 4,172.32 million by 2033. Over the forecast period, the market is assessed to trail at a CAGR of 12.5%. In 2023, the market is expected to reach USD 1,284.85 million.
Market Propellants for Resistance Bands:
Heightened Popularity of Strength Training to Boost Market Growth
The adoption of intriguing exercise methods by sports trainers, rehabilitation physicians, physiotherapists, and orthopedists, is witnessing an upsurge. These practitioners adopt resistance bands to treat patients and help them regain their strength. As a result, the scope of resistance bands is rising in rehabilitation centers.
In addition to this, strength training has gained significant popularity lately, thus making it a famous workout. As per the State of Fitness Results for Fall 2021, strength training has been established as the second most popular form of exercise.
There are many health benefits associated with strength training including stronger bones, increased balance, and flexibility, enhanced muscle mass, weight control, joint flexibility, etc. Due to the growing awareness regarding many health benefits of using resistance bands in workout routines, the demand for the same is rising.
Additionally, these bands are used in the training of athletes to enhance their strength and muscular endurance. The aforementioned factors are anticipated to augment the market growth over the forecast years.
| Resistance Bands Market Value (2023) | USD 1,284.85 million |
|---|---|
| Resistance Bands Market Forecast Value (2033) | USD 4,172.32 million |
| Resistance Bands Market CAGR (2023 to 2033) | 12.5% |
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Governments and various associations across the globe partake in initiatives and recommend guidelines about exercises to ensure the physical health of its citizens. As per the World Health Organization (WHO), on October 2022, inadequately physically active people had 20 to 30% increased chances of mortality as opposed to adequately physically active people. Therefore, the WHO set up partnerships to facilitate Member States in promoting physical activities among the population. This has led to the consequent adoption of physical activities and related training tools among the population.
Restraints:
The market generated a revenue of USD 1,142.09 million in 2022. Looking forward, the market is set to register a CAGR of 12.5% to reach USD 1,284.85 million in 2023. By 2033 end, the market is anticipated to reach a market valuation of USD 4,172.32 million.
FMI has captured key insights that might affect the market going forward.
Principal Consultant
| Duration | Market Analysis |
|---|---|
| Short-Term Growth (2022 to 2025) | The market is anticipated to stand at a valuation of USD 1,626.14 million by 2025. The onset of COVID-19 led to a growing interest in home workouts. This has turned out to be favorable for resistance bands owing to their affordability for at-home workouts. Additionally, the widespread popularity of functional training that focuses on incorporating movements similar to daily activities, is also boosting the adoption of resistance bands. Further, the integration of technology into resistance bands to record progress, monitor form, and deliver customized workout plans is carving out new opportunities for resistance band manufacturers to offer inventive products. |
| Medium-Term Growth (2025 to 2028) | By 2028 end, the market is estimated to surpass the market worth of USD 2,315.34 million. The increasing interest of consumers in personalized fitness experiences and easy adjustment of resistance bands to accommodate various fitness levels and workout goals is projected to boost the market growth. In addition to this, the continually growing wearable technology like smartwatches and fitness trackers is anticipated to support market growth. The low-impact resistance band exercises are expected to gain more popularity in the years to come due to the growing geriatric population. Over the forecast period, there are chances that the manufacturers might expand into new markets to capture potential users like elderly people. |
| Long-Term Growth (2028 to 2033) | The market is projected to collect a total of USD 4,172.32 million by 2033. Over the stipulated time frame, the market is expected to be influenced by advancements in material science. With the advances in material science, the creation of new types of resistance bands that are more lightweight, durable, and environmentally friendly is most likely to be seen. Additionally, the integration of virtual reality with resistance bands for a wholesome and more immersive experience is expected to propel the market. Furthermore, due to the versatility of resistance bands in health and wellness programs to maintain overall fitness and health. |
The health and sports club categories were the significant end-user of resistance bands in the historical period. Resistance bands are good for muscle endurance and strength. Therefore, they are employed in health clubs, gyms, and sports clubs.
Various practitioners like sports trainers, physiotherapists, rehabilitation physicians, orthopedists, and physiatrists are using inventive methods of exercise to treat patients. Healthcare professionals are utilizing resistance bands to treat physical injuries such as tennis elbow, shoulder dislocation, hip bursitis, runner’s knee, post anterior cruciate ligament (ACL) repair, and sprains and strains. Resistance bands are also used to rehabilitate cardiac patients worldwide.
The individual segment is predicted to register a significant CAGR from 2023 to 2033. This can be credited to the cost-effectiveness and easy accessibility of resistance bands.
The online retail segment is anticipated to expand at a robust pace over the forecast period. This can be attributed to the convenience afforded by the online model of sales. Increasing adoption of e-commerce platforms among working-class people and millennials for shopping is pushing segment growth. Consequently, online portals offer lucrative opportunities for market entrants to advertise and sell their products worldwide.
Consumers can opt for a vast variety of products and can easily buy them even while residing in remote locations. Companies like Amazon and Alibaba offer substantial discounts to boost their sales. Various factors like remote shopping, convenience, and accessibility to an extensive product range are expected to drive the online retail segment for the sale of resistance bands in the coming years.
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The United States resistance bands industry is expected to hold a considerable share of the market in the coming years. This can be due to the presence of diverse fitness programs and a huge population enrolling in the same in the United States. Moreover, the growing obese population in the country and shifting consumer preference towards a healthy lifestyle are contributing to regional growth.
The rising prevalence of chronic diseases like cardiac disorders is also expected to favor market growth. According to American Heart Association, Inc. in 2019, 874,613 deaths in the United States were caused by cardiovascular disease (CVD). Physical and rehabilitation therapies necessary for the prevention of heart diseases are expected to boost demand for effective techniques to gain fitness.
The China market is expected to expand at a significant CAGR over the forecast period. This can be because of the increasing awareness related to a healthy lifestyle among the working-class population and millennials. Resistance bands are available in different resistance strengths and are effectively used in pilates, strength training, yoga, or other forms of exercise. Governments in the country take several initiatives to encourage fitness and sports activities. Such programs are predicted to bolster the regional demand for resistance bands in the years to come.
The resistance bands’ competitors are introducing novel and innovation-driven fitness products and equipment. These launches are expected to attract more consumers in the long run. Additionally, the low-cost production of resistance bands is creating lucrative business opportunities for market entrants.
By introducing multiple types of resistance bands like tube bands, loop bands, or fabric bands, the manufacturers can expand their product line. Consequently, they can appeal to a broader range of customers and generate enhanced revenue. The Resistance Band market is predicted to witness an influx of quality products that are durable and attractive to gain loyal customers of the product.
The option for customization of resistance bands in terms of a resistance level, bands’ color, or even personalized branding is expected to be a key strategy that can favor market growth. The sale of products via online retailers or partnering with the distributors of fitness equipment to sell equipment directly to fitness centers or gyms is expected to augment product sales.
Enlisted below are the resistance bands manufacturers in the market:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered |
North America; Europe; Asia Pacific; Latin America; Middle East and Africa |
| Key Countries Covered | The USA, Canada, Germany, the United Kingdom, France, Italy, NORDICS, Spain, Russia, Poland, BENELUX, China, Japan, India, ASEAN, Oceania, South Korea, Brazil, Mexico, Argentina, GCC Countries, South Africa, Northern Africa, Türkiye |
| Key Segments Covered | Type, Application, Distribution Channel, and Region |
| Key Companies Profiled |
Performance Health, LLC (TheraBand); Wacces; Black Mountain Products Inc.; Prosource; ZAJ FIT; Xtreme Bands; Bodylastics International Inc.; Fitness Anywhere LLC |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 1,284.85 million in 2023.
Black Mountain Products Inc and Wacces are the key players in the resistance bands market.
Online retailers are estimated as a key segment in the global market.
Players opt for innovations, collaborations and mergers.
The United States and China are leading the resistance bands market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Pull-Up Bands 5.2. Tube Bands 5.3. Therapy Bands 5.4. Other Bands 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 6.1. Supermarkets & Hypermarkets 6.2. Specialty Stores 6.3. Online Retail 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Performance Health Holding Inc. 15.2. Decathlon SA 15.3. Perform Better 15.4. Fitness Anywhere LLC 15.5. Optibelt GmbH 15.6. Crown World Marketing Ltd 15.7. Serous Steel, LLC. 15.8. Starwood Sports Ltd 15.9. Flexible Sports GmbH 15.10. Meglio Ltd 16. Assumptions & Acronyms Used 17. Research Methodology
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Resistance Bands Market
