Exercise Band Market Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

 

Exercise Bands Market Will Reach 1,690 million by 2025. The reports forecast the exercise bands market by product type, application, distribution channel and region. It highlights COVID-19 impact on the exercise bands industry.

 

Description

Exercise Band Market: by Product Type (Therapy Bands, Pull up Bands, Exercise Bands), by Application (Individual, Health & Sports Clubs), by Distribution Channel (Offline, Online) and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

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Exercise bands market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the exercise bands industry.

Exercise Bands Market: Introduction

The exercise bands market size is expected to show a CAGR of 19.5% during the forecast period (2020-2025) and valued at USD 750 million in 2019. The gym and fitness industry is gaining traction across the globe, backed by increasing awareness about health regimes and benefits. Furthermore, the use of exercise bands for physical therapy to strengthen cardiac rehabilitation patients and treat muscular injuries is one of the recent trend in the global market. Thus, the above-mentioned factor will augment the global exercise bands market growth over the forecast period.

Factors Affecting the Exercise Bands Market Over the Forecast Period

·     Changing consumer preferences for a healthier and smart lifestyle is one of the key drivers for the growth of the exercise bands market

·     Growing demand for affordable and cost-effective bands for the gym and home work out is expected to boost the global exercise band market.

·     Further, the introduction of smart exercise bands fitted with motion sensors and bluetooth transmitters are expected to gain momentum in the global exercise bands market with more opportunities

·     The vulnerability of security and privacy is a key challenge in the global exercise bands market

·     The short battery life of consumer electronics often hinders the growth of the exercise bands market

Impact of Covid-19 on Exercise Bands Market

The COVID-19 pandemic is expected to have a major effect on market growth in 2020. The role of exercise bands in the healthcare sector has been extended by the emergence of COVID-19 pandemic. As a consequence of the unparalleled supply chain disruption caused by the COVID-19 outbreak globally, the FMCG industry is predicted to see checkered growth in 2020. Given the increasing prominence of online/e-commerce purchases, the exercise bands market is expected to rebound over the forecast period. Many countries have a significant presence of suppliers of the raw materials used in the manufacturing of exercise bands, which have been disrupted the production and development schedules due to pandemic.

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Scope of the Report

The report outlines the study of the global exercise bands market on the basis of type of product, distribution channel and application.

Based on the type of product, the exercise bands market has been segmented into –

·     Therapy Bands

·     Pull up Bands

·     Exercise Bands

o    Strip Exercise Bands

o    Tube Exercise Band

Based on the distribution channel, the exercise bands market has been segmented into –

·     Offline

o    Supermarkets

o    Departmental Stores

o    Specialty Stores

·     Online

o    E-commerce Websites

o    Company-owned Websites

Based on the application, the exercise bands market has been segmented into –

·     Individual

·     Health

·     Sports Clubs

Exercise Bands Market: Geographical Outlook

The global exercise bands market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East and Africa (MEA). North America is expected to hold the largest share in the global exercise bands market, followed by Europe and the Asia Pacific. The growth in North America is associated with the vast number of fitness program participants throughout the region. Furthermore, over the forecast period, Asia Pacific is projected to have the highest CAGR across the globe.

Global Exercise Bands Market: Key Competitors

The global exercise bands market is highly fragmented, with the presence of a large number of small players across the globe. The key players operating in the global resistance bands market include –

·     Black Mountain Products Incorporated

·     Bodylastics USA Incorporated

·     Fit Simplify

·     Perform Better Incorporated

·     Prosource Fit

·     Reehut

·     Rogue Fitness

·     Sequential brands group Incorporated

·     Performance Health LLC (TheraBand)

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