Press release
Strong Growth Ahead: Resistance Bands Market Size To Grow At Arecord 12.6% Cagr By 2029
Resistance Bands
How Big Is the Resistance Bands Market Size Expected to Be by 2034?
In the last few years, the market size of resistance bands has been expanding rapidly. It's projected to escalate from $1.48 billion in 2024 to $1.68 billion in 2025, with a compound annual growth rate (CAGR) of 13.0%. Factors such as an increase in physical activity and routine workouts, affordability and easy availability of resistance bands, along with a surge in home-gym activities globally, have fuelled this growth during the historical period.
In the forTH*Coming years, the resistance bands market is predicted to experience a swift expansion. It is projected to reach a whopping $2.7 billion by the year 2029, with a compound annual growth rate (CAGR) of 12.6%. Factors contributing to this growth in the forecast period include a rising demand for resistance bands in physiotherapy, an increase in engagement in physical activities and routine exercise, heightened awareness regarding health and fitness, and a preference for portable and compact fitness equipment. Key trends anticipated during this forecast period are advancements in material science, a surging demand for more sophisticated resistance bands, escalated research and development efforts, the infusion of technology into resistance bands, and drives towards technological progress.
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What Are the Emerging Segments Within the Resistance Bands Market?
The resistance bands market covered in this report is segmented -
1) By Type: Tube Resistance Bands, Pull-up Resistance Bands, Therapy Resistance Bands, Other Resistance Bands
2) By Material: Fabric, Latex
3) By Distribution Channel: Specialty Stores, Super markets and Hyper markets, Online Retail, Other Distribution Channels
4) By Application: Individuals, Health and Sports Clubs
Subsegments:
1) By Tube Resistance Bands: Single Tube Bands, Double Tube Bands, Triple Tube Bands
2) By Pull-up Resistance Bands: Light Resistance Bands, Medium Resistance Bands, Heavy Resistance Bands
3) By Therapy Resistance Bands: Physical Therapy Bands, Rehabilitation Bands
4) By Other Resistance Bands: Figure 8 Resistance Bands, Loop Resistance Bands, Flat Resistance Bands
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What Long-Term Drivers Are Shaping Resistance Bands Market Trends?
The escalating consciousness regarding personal fitness and health are anticipated to fuel the expansion of the resistance band market. Fitness and health are interconnected notions pointing towards an individual's comprehensive well-being, both physically and mentally. Fitness predominantly refers to physical health attributes such as strength and endurance, whilst health encompasses a wider scope including physical, mental, and social aspects. Resistance bands contribute significantly to health and fitness enhancement as they facilitate ease of use and benefits for strength training, Weig*ht lo*ss, sports performance, injury recovery, and functional fitness. For instance, in May 2022, Planet Fitness Inc., a US-based fitness corporation, unveiled its first quarter 2022 results, indicating a rise of 66.9% in total revenue, amounting to $186.7 million, as compared to the corresponding period last year. Thus, the increasing consciousness about health and fitness is stimulating the growth of the resistance band market.
Who Are the Top Competitors in Key Resistance Bands Market Segments?
Major companies operating in the resistance bands market are Lifeline Fitness, Everlast Worldwide Inc., Rogue Fitness Inc., Gaia Inc., Perform Better Inc., RDX Sports, Body-Solid Inc., SPRI Products Inc., ProsourceFit, WODFitters, Theraband Inc., Bodylastics USA Inc., Black Mountain Products Inc., GoFit LLC, Fitness Gear, Serious Steel Fitness, Power Systems Inc., NordicTrack Inc., Fitness Anywhere LLC (TRX), Gold's Gym International Inc., Liveup Sports Co.Ltd., Sling Shot, Wacces Inc., RitFit Inc
What Are the Major Trends Shaping the Resistance Bands Market?
Leading companies in the resistance bands market are introducing inventive products, like expandable bands, to augment user experience and increase the efficiency of workouts. Expandable bands are elastic resistance bands which can be lengthened to various extents, providing an assortment of resistance levels during exercise, thereby improving strength and flexibility training. For example, in January 2024, RXBAR, a U.S.-based manufacturer, launched RXBands. These are special edition resistance bands intended to aid Canadians in reaching their fitness aspirations, coupled with the incentive of rewards for participation. Through workouts, users can decode unique codes for an opportunity to win awards in a national giveaway.
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Which Regions Are Becoming Hubs for Resistance Bands Market Innovation?
North America was the largest region in the resistance bands market in 2024. The regions covered in the resistance bands market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Resistance Bands Market?
2. What is the CAGR expected in the Resistance Bands Market?
3. What Are the Key Innovations Transforming the Resistance Bands Industry?
4. Which Region Is Leading the Resistance Bands Market?
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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.
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