Press release
Resistance Bands Industry Outlook 2025-2029: Market Set to Cross $2.7 Billion Milestone
Resistance Bands
How Large Will the Resistance Bands Market Size By 2025?
Over the past few years, there has been substantial growth in the resistance bands market size. The market is projected to expand from $1.48 billion in 2024 to $1.68 billion in 2025, with a compound annual growth rate (CAGR) of 13.0%. The surge during the historical timeframe can be related to an increase in physical activities and daily workouts, the improved affordability and access to resistance bands, and a rise in home-based gym activities globally.
How Big Is the Resistance Bands Market Size Expected to Grow by 2029?
In the coming few years, the market size of resistance bands is anticipated to experience rapid growth, rising to $2.7 billion by 2029 with a CAGR of 12.6%. The projected growth in the forecasting period can be associated with a rising demand for resistance bands in physical therapy, an escalating engagement in regular workouts and physical activities, amplified awareness regarding health and fitness, as well as a burgeoning preference for handy and compact exercise equipment. Notable trends during this forecasted period include the evolution in material sciences, an increased demand for state-of-the-art specialist resistance bands, stepping up of research and innovation activities, the application of technology in the creation of resistance bands, and initiatives aimed at technological advancements.
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Which Key Market Drivers Powering Resistance Bands Market Expansion and Growth?
The surge in fitness and health cognizance is projected to fuel the expansion of the resistance band market in the future. These two interconnected concepts, fitness and health, denote a person's overall well-being, both physically and mentally. Physical health, comprising strength and endurance, is typically referred to as fitness, while health entails a wider scope, inclusive of physical, mental, and social well-being. Resistance bands contribute to the betterment of fitness and health as they provide easy usability and benefits for strength training, weight loss, sports performance, injury recovery, and functional fitness. In May 2022, for example, the US-based fitness company, Planet Fitness, Inc., disclosed its first-quarter 2022 results. It reported a 66.9% increase in total revenue compared to the corresponding period in the previous year, totaling $186.7 million. Thus, the rising cognizance of fitness and health is steering the growth of the resistance bands market.
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Which Fast-Growing Trends Are Poised to Disrupt the Resistance Bands Market?
Leading firms in the resistance bands industry are introducing cutting-edge products, like stretchable bands, to augment user experience and bolster the efficacy of workouts. The term stretchable bands points to elastic resistance bands that can be elongated to a variety of lengths, thereby creating diverse resistance levels during exercise. This process intensifies strength conditioning and flexibility training. For example, RXBAR, an American manufacturing firm, unveiled RXBands in January 2024. RXBands are an exclusive edition of resistance bands devised to assist Canadians in attaining their fitness aspirations. As a part of the package, they offer rewards for engagement. Users have the opportunity to decipher unique codes during exercise sessions, which could potentially win them prizes in a nationwide giveaway.
What Are the Emerging Segments in 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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Who Are the Global Leaders in the Resistance Bands Market?
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
Which are the Top Profitable Regional Markets for the Resistance Bands Industry?
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.
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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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