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Exercise Resistance Bands Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR40899
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The exercise resistance bands market has the potential to grow by USD 102.46 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.42%.

This exercise resistance bands market research report provides valuable insights on 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.

What will the Exercise Resistance Bands Market Size be in 2021?

Exercise-Resistance-Bands-Market-Market-Size-2020-2025

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Exercise Resistance Bands Market: Key Drivers and Trends

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 insufficient resistance and potential for injury may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the exercise resistance bands industry get your FREE report sample now.

  • The low price and easy usage will be a significant factor driving the growth of the exercise resistance bands market.
  • Exercise resistance bands are used for losing weight and protecting bone health and muscle mass.
  • These bands help in getting stronger and fitter and play a crucial role in disease prevention without the use of medicine.
  • Exercise resistance bands are portable and easy to replace.
  • The low cost and the availability of exercise resistance bands in different strength and resistance levels will boost its popularity among end-users.
  • The emergence of band exercises as one of the most affordable types of home exercises will fuel the demand for exercise resistance bands and consequently drive the growth of the market during the forecast period.
  • The advent of smart exercise resistance bands, which is one of the critical exercise resistance band market trends, will positively influence the growth of the market during the next five years.
  • Exercise resistance bands are affordable, easy to store, and offer the same resistance and workout that other fitness equipment provides.
  • Market vendors are incorporating features such as Bluetooth transmitters and motion sensors in their products.
  • Xiaomi Move It, a smart exercise resistance band, comes with Bluetooth and can be connected to a mobile app that displays actions like the completion of a regime, suggests correct movement posture, and signifies when an exercise is done correctly or incorrectly.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Exercise Resistance Bands Market Vendors?

The report analyzes the market’s competitive landscape and 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
  • Wacces Store

 

The exercise resistance bands market is fragmented and the vendors are deploying growth strategies such as the acquisition of new brands to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the exercise resistance bands market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Exercise Resistance Bands Market?

Exercise-Resistance-Bands-Market-Market-Share-by-Region-2020-2025

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34% of the market’s growth will originate from North America during the forecast period. The US is a key market for exercise resistance bands in North America. Market growth in this region will be faster than the growth of the market in APAC, Europe, and MEA.

Product innovations, a rise in the aging population, and increasing health issues will facilitate the exercise resistance bands market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Exercise Resistance Bands Market?

Exercise-Resistance-Bands-Market-Market-Share-by-Product-2020-2025

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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. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the exercise resistance bands market size.

 

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What are the Key Factors 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 behavior
  • The growth of the exercise resistance bands 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 details of factors that will challenge the growth of exercise resistance bands market vendors

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Exercise Resistance Bands Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.42%

Market growth 2021-2025

$ 102.46 million

Market structure

Fragmented

YoY growth (%)

10.21

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, Germany, UK, France, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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.

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Strip exercise resistance bands - Market size and forecast 2020-2025
  • Tube exercise resistance bands - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Individual users - Market size and forecast 2020-2025
  • Health clubs and gyms - Market size and forecast 2020-2025
  • Other commercial users - Market size and forecast 2020-2025
  • Market opportunity by End-user

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Black Mountain Products Inc.
  • Bodylastics Inc.
  • Coulter Ventures LLC
  • Fit Simplify
  • Perform Better Inc.
  • ProSourceFit
  • Reehut
  • Sequential Brands Group Inc.
  • TheraBand
  • Wacces Store

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Exercise Resistance Bands market growth will increase by $90.56 million during 2019-2024.
The exercise resistance bands market is expected to grow at a CAGR of 10.60% during 2019-2024.
Technavio has segmented the exercise resistance bands market by product (Strip exercise resistance bands and Tube exercise resistance bands) and geographic (North America, Europe, APAC, South America, and MEA).
Black Mountain Products Inc., Bodylastics USA Inc., Fit Simplify, Perform Better Inc, ProsourceFit, Reehut, Rogue Fitness, Sequential brands group Inc., TheraBand, Wacces Store are a few of the key vendors in the exercise resistance bands market.
North America will register the highest growth rate of 33.03% among the other regions. Therefore, the exercise resistance bands market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Germany
  • UK
  • France
  • Russian Federation
The key factors driving the exercise resistance bands market growth are:
  • Low price and easy usage enhancing consumer adoption
  • Advent of smart exercise resistance bands
The exercise resistance bands market vendors should focus on grabbing business opportunities from the strip exercise resistance bands segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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