Press release
Resistance Bands Market is projected to grow at a CAGR of 12.4% during the forecast period from 2024 to 2031 - Performance Health LLC, Black Mountain Products Inc & ProSource.
Resistance Bands Market || 2024-2031
Resistance bands are elastic bands commonly used for strength training, physical therapy, and rehabilitation therapy for muscular injuries. They come in various colors, such as green, yellow, and red, each indicating a different resistance level. These bands are effective for enhancing body strength and are available in different categories, including light, medium, heavy, and extra-heavy resistance options.
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Market Dynamics:
The rising use of resistance bands in physical therapy and rehabilitation for muscle strengthening is a key driver of the global resistance bands market. These bands are utilized for various exercises targeting the shoulders, feet, knees, and elbows, contributing to improved flexibility, mobility, and overall body strength. The growing adoption of physical activities and regular exercise routines among individuals positively impacts market growth.
Technological advancements in resistance bands, such as the integration of motion sensors and Bluetooth transmitters, are also shaping the market. For example, in October 2017, Xiaomi introduced the "Move it, band," a smart elastic band equipped with three sensors that detect posture and elastic tension. Similarly, in October 2016, Les Mills launched a smart band with smooth-moving nylon webbing, enhancing the user experience.
Government initiatives to improve citizen fitness further boost market growth. Programs like the President's Council on Sports, Fitness & Nutrition's outreach initiatives emphasize the benefits of physical activity for youth in the United States. Additionally, the Department of Health and Human Services issued the first-ever Physical Activity Guidelines for Americans, detailing the necessary types and amounts of physical activity for a healthy lifestyle. The World Health Organization's Global Action Plan on Physical Activity aims to reduce physical inactivity by 10% by 2025 and 15% by 2030, further supporting the market's expansion.
Market Segmentation:
By Product: Therapy Bands, Pull up Bands, Exercise Bands.
By Application: Individual, Health & Sports Clubs.
By Distribution Channel: Offline, Online.
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Major Key Players:
• Performance Health, LLC
• ProSource
• XTREME BANDS
• Wacces
• Reehut
• Fitness Anywhere LLC
• Bodylastics International Inc.
• Four D Rubber Company Ltd.
• Rogue Fitness
*Note:
• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Regional Analysis:
The global Resistance Bands Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Resistance Bands Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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