How Has the Resistance Bands Market Evolved Historically and What is its Current Size?
The resistance bands market has seen considerable growth due to a variety of factors.
• There has been a swift expansion in the size of the resistance bands market in the past few years. The market is forecasted to increase from $1.48 billion in 2024 to $1.68 billion in 2025, marking a compound annual growth rate (CAGR) of 13.0%.
Factors such as increased physical activity and daily exercise, more affordable and accessible resistance bands, and a surge in home-gym activities globally account for the growth observed during the historic period.
What Does Future Hold for The Resistance Bands Market By 2029?
The resistance bands market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for resistance bands is projected to experience a swift expansion in the ensuing years, anticipating to reach $2.7 billion by 2029 with a compound annual growth rate (CAGR) of 12.6%.
This uptick in growth prediction for the coming period could be linked to the rising need for resistance bands in physical therapy, the escalating trend of routine physical exercise and activities, amplified cognizance about health and fitness, and a surge in preference for portable and handy exercise instruments. Some significant trends identified within this predicted period are enhancements in material science, a mushrooming demand for more sophisticated resistance bands, increased research and developmental efforts, technology incorporation in resistance bands, and measures taken for technological advancements.
What Are The Primary Growth Drivers In The Resistance Bands Market?
The increasing interest in fitness and health is projected to fuel the expansion of the resistance band market in the future. The two interconnected notions of fitness and health involve an individual's complete physical and mental wellness. Fitness mainly pertains to the physical elements of health such as strength and endurance, whereas health covers a wider range, encompassing physical, mental, and social wellness. Resistance bands play a crucial role in improving fitness and health because they provide convenience and benefits for strength training, weight loss, sports performance, injury recovery, and functional fitness. For example, in May 2022, Planet Fitness Inc., a fitness corporation based in the United States, announced its first-quarter 2022 results. They reported a surge in total revenue by 66.9% compared to the corresponding period the previous year, amounting to $186.7 million. Hence, the rising consciousness of fitness and health is steering the advance of the resistance bands market.
What Is The Segmentation Of The Global 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 Emerging Trends Are Influencing The Growth Of The Resistance Bands Market?
Key players in the resistance bands market are exploring product innovation, including the introduction of stretchable bands, to augment consumer experience and boost the effectiveness of workouts. Stretchable bands are elastic resistance bands that can adapt to various lengths, providing diverse degrees of resistance during exercise routines. This enhances strength training and promotes flexibility. To illustrate, RXBAR, a company based in the United States, unveiled RXBands in January 2024. RXBands are a limited circulation edition of resistance bands designed to support Canadians in reaching their fitness objectives and provides incentives for engagement. During workouts, users have the opportunity to uncover unique codes and stand a chance to secure rewards in a countrywide giveaway.
Who Are the Key Players 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
What Are The Regional Insights Into The Resistance Bands Market?
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.
