Resistance Bands Global Market Report 2024

The resistance bands market size has grown rapidly in recent years. It will grow from $1.31 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth observed in the historic period can be attributed to several factors, including heightened interest in physical activities and daily exercise, enhanced affordability and accessibility of resistance bands, and the increasing popularity of home-based gym activities among people worldwide.

The resistance bands market size is expected to see rapid growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The projected growth in the forecast period can be attributed to several factors, including a surge in demand for resistance bands in physical therapy, the growing adoption of physical activities and regular exercise, increasing awareness about fitness and health, and a rising preference for compact and portable exercise tools. Major trends expected in the forecast period include advancements in material science, a growing demand for more advanced and specialized resistance bands, increased research and development activities, the integration of technology into resistance bands, and initiatives aimed at technological advancements.

The rise in awareness about fitness and health is expected to drive the growth of the resistance band market in the future. Fitness and health are closely related concepts that encompass an individual's overall well-being, encompassing physical, mental, and social aspects. Resistance bands play a significant role in improving fitness and health by offering ease of use and various advantages for activities such as strength training, weight reduction, sports performance enhancement, injury rehabilitation, and functional fitness. For example, the gym, health, and fitness club industry achieved a total revenue of $33.25 billion in 2021, up from $32 billion in 2020, as reported by Nasdaq Inc. This demonstrates the increasing awareness of fitness and health driving the demand for resistance bands.

Leading companies in the resistance bands market are focusing on innovation to meet the growing demand for intelligent fitness solutions, exemplified by products such as the STRAFFR band. This innovative fitness tool integrates a patented sensor system directly into the band, enabling it to measure performance during workouts regardless of the pulling direction. For instance, Straffr, a Germany-based startup, introduced the STRAFFR band in September 2021. This bluetooth and sensor-based smart resistance band connects to a companion app, tracking metrics such as repetitions, calories burned, and weight moved. Made of durable medical-grade silicone, it offers enhanced durability compared to traditional bands and comes in medium or strong strength grades, catering to versatile use at home or on the go.

In February 2022, GlobalBees Brands Pvt. Ltd., an India-based e-commerce company, acquired Reach Fitness to expand its portfolio, capitalize on the growing market, leverage complementary strengths, and promote accessible fitness. Reach Fitness, an India-based manufacturer of fitness products including resistance bands and gym equipment, aligns with GlobalBees' vision of enhancing fitness accessibility.

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.

North America was the largest region in the resistance bands market in 2023. The regions covered in the resistance bands market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the resistance bands market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Resistance bands are elastic bands crafted from latex or other materials, primarily intended for strength training and physical therapy purposes. They are available in various shapes, sizes, and resistance levels, providing a flexible and portable alternative to conventional weights and exercise machines. These bands can be easily customized by using different bands or altering the grip on the band.

The main types of resistance bands include tube resistance bands, pull-up resistance bands, therapy resistance bands, and other variations. Tube resistance bands, also referred to as resistance tubes or exercise tubes, are versatile fitness accessories utilized for strength training, rehabilitation, and flexibility exercises. They are manufactured from a variety of materials, such as fabric and latex, and are distributed through various channels including specialty stores, supermarkets, hypermarkets, and online retail platforms. End users of resistance bands encompass individuals as well as health and sports clubs.

The resistance bands market research report is one of a series of new reports that provides resistance bands market statistics, including resistance bands industry global market size, regional shares, competitors with a resistance bands market share, detailed resistance bands market segments, market trends and opportunities, and any further data you may need to thrive in the resistance bands industry. This resistance bands market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The resistance bands market consists of sales of loop bands, fabric resistance bands, circular bands, flat resistance bands, adjustable resistance bands, mini bands, ring resistance bands, and circular bands. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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