Exercise Resistance Bands Market By Product (Tube Resistance Bands, Strip Resistance Bands, Rope Resistance Bands, Others), By Applications (Individual Users, Gyms and Health Clubs, Others), By Distribution Channel (Online, Offline) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026
Key Market Insights
“Emerging trends for smart exercise equipment is driving the exercise resistance bands market globally”
The global exercise resistance bands market is, expected to grow at a CAGR of 11.5% during the estimated period from 2019 to 2027, starting from US$ 290.6 Mn in 2018.
The inclination of customers towards smart exercise equipment is one of the key factors for the growth of the market. Manufacturers are focusing on the incorporation of IoT in conventional exercise resistance bands. The incorporation of IoT aims to enhance the performance and connectivity of conventional resistance bands by equipping them with motion sensors and Bluetooth transmitters. Moreover, initiatives by various health organizations to reduce rising physical inactivity among people across the world. For instance, The World Health Organization introduced a program, The Global Action Plan on Physical Activity was launched to reduce physical inactivity 10% by 2025 to 15% by 2030. The aforementioned factors going to propel growth of the market.
“Cost-effectiveness associated with exercise resistance bands is a key factor supporting the growth of the market”
Resistance bands are inexpensive in nature, thereby customers tend to purchase it more in comparison with bulky gym equipment. Resistance bands are available at multiple resistance level such as high, medium and heavy. Moreover, the portability accomplices with resistance bands is another factor driving the market growth. Additionally, increasing trend for home fitness globally is also considered for the growth of the exercise resistance bands market.
“Expanding Health Awareness globally adds to market growth”
Consumers nowadays are becoming more health-conscious due to increasing obesity among the population. For instance, according to the report “the State of Obesity” by Trust for America’s Health around 100 million people in America suffer from obesity. The report also suggests, in 2015-2016, 93.3 million adults and 13.7 million children in the U.S. had obesity. The aforesaid reason is one of the key factors supporting the growth of the market.
Application Analysis
“Convince of using resistance bands is major factor supporting market growth”
The application segment is further classified into individual user, gyms and health clubs others. Individual user segment holds the major share for exercise resistance bands market in 2018. The dominance is supported by reasons such as exercise resistance bands are easy to carry. Consumers prefer exercise resistance bands due to its portability. Consumers can travel with resistance bands and can use them whenever they want.
Individual consumers are more inclined towards using exercise resistance bands as they require very less or no space for storing or keeping them. In Addition, low price associated with exercise resistance bands is major factor for the dominance of individual segment.
“Multiple fitness usage of exercise resistance bands will drive the market among individuals”
The main benefit of using exercise resistance bands is, a single band can be used for various exercises. Consumers can use same band for upper as well as lower body workouts. Moreover, exercise resistance bands can be used for treating injuries and chronic diseases, is the key factor for the growth of the market.
Regional Analysis
“Trends for Home-Fitness drives the growth of market”
In 2018, North America dominated the exercise resistance bands market, increase awareness of the people towards living a healthy and fit lifestyle is increasing the growth for exercise resistance bands market. Additionally trend for smart fitness equipment is increasing the demand for smart exercise resistance bands in North America. As people in North America are early adopters of new and improved technology.
According to research study, flourishing trends for home-fitness classes is also booming the demand for exercise resistance bands market. The studies also suggests that men in North America are more inclined towards working out at home thereby, likely to purchase at home-fitness equipment. Moreover, increasing demand from women including young mothers, who prefers the convenient living room workouts is also a major factor for the dominance of exercise resistance bands in North America region.
List of Companies Covered:
- Wacces Store.
- TheraBand
- Reehut
- Xtremebands
- Bodylastics USA Inc.
- Fitness Anywhere LLC
- Reebok
- 4D Rubber Company
- Rogue Fitness
- Black Mountain Products, Inc.
- Perform Better
- SPRI
- RIMSports
- WODFitter
Key Industry Developments:
- In October 2017, Xiaomi launched a smart elastic band. The Xiaomi’s “Move it” band are available in various lengths, size and strengths. The Move it bands can be used as different fitness tools such as, abdominal wheel, push-up rope-weights and others. The Move it bands contains 3 sensors each of them detects different things such as posture, elastic tension.
- In October 2016, Les Mills launched a new Smartband. The Smartband includes nylon webbing that moves smoothly through the spine and eliminates rolling and anchoring issues.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall exercise resistance bands market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the exercise resistance bands market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the exercise resistance bands market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Exercise Resistance Bands (ERB ) Market
2.2. Global ERB Market, by Product Type, 2018 (US$ Mn)
2.3. Global ERB Market, by Applications, 2018 (US$ Mn)
2.4. Global ERB Market, by Distribution Channel, 2018 (US$ Mn)
2.5. Global ERB Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global ERB Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Exercise Resistance Bands (ERB ) Market, by Product Type , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Tube Resistance Bands
4.3. Strip Resistance Bands
4.4. Rope Resistance Bands
4.5. Others (Loop Resistance Bands, etc.)
5. Global Exercise Resistance Bands (ERB ) Market, by Applications, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Individual Users
5.3. Gym and Health Clubs
5.4. Others
6. Global Exercise Resistance Bands (ERB ) Market, by Distribution Channel, 2017-2027 (US$ Mn)
6.1. Overview
6.2. Online Sales
6.3. Offline
6.3.1. Supermarkets and Hypermarkets
6.3.2. Brand Outlets
6.3.3. Other Retail Stores
7. North America Exercise Resistance Bands (ERB ) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America ERB Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America ERB Market Value, By Product Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America ERB Market Value, By Applications, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America ERB Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America ERB Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Exercise Resistance Bands (ERB ) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe ERB Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe ERB Market Value, By Product Type, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Europe ERB Market Value, By Applications, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe ERB Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe ERB Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Italy
8.5.6. Rest of Europe
9. Asia Pacific Exercise Resistance Bands (ERB ) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific ERB Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific ERB Market Value, By Product Type, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific ERB Market Value, By Applications, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific ERB Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific ERB Market Value, By Region/Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Exercise Resistance Bands (ERB ) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World ERB Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World ERB Market Value, By Product Type, 2017-2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World ERB Market Value, By Applications, 2017-2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of the World ERB Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World ERB Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. Wacces Store.
11.2. TheraBand
11.3. Reehut
11.4. Xtremebands
11.5. Bodylastics USA Inc.
11.6. Fitness Anywhere LLC
11.7. Reebok
11.8. 4D Rubber Company
11.9. Rogue Fitness
11.10. Black Mountain Products, Inc.
11.11. Perform Better
11.12. SPRI
11.13. RIMSports
11.14. WODFitter
* Here we are using ERB as a short form of Exercise Resistance Bands
TABLE 1 Market Snapshot: Global Exercise Resistance Bands (ERB ) Market
TABLE 2 Global ERB Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 3 Global ERB Market, by Applications, 2017–2027 (US$ Mn)
TABLE 4 Global ERB Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 5 Global ERB Market, by Geography, 2017–2027 (US$ Mn)
TABLE 6 North America ERB Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 7 North America ERB Market, by Applications, 2017–2027 (US$ Mn)
TABLE 8 North America ERB Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 9 North America ERB Market, by Country, 2017–2027 (US$ Mn)
TABLE 10 Europe ERB Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 11 Europe ERB Market, by Applications, 2017–2027 (US$ Mn)
TABLE 12 Europe ERB Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 13 Europe ERB Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific ERB Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific ERB Market, by Applications, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific ERB Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific ERB Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 18 RoW ERB Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 19 RoW ERB Market, by Applications, 2017–2027 (US$ Mn)
TABLE 20 RoW ERB Market, by Distribution Channel, 2017–2027 (US$ Mn)
TABLE 21 RoW ERB Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 22 Lithey Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Wacces Stores: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 TheraBand: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Reehut: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Xtremebrands: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Bodylastics USA Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Fitness Anywhere LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Reebok: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 4D Rubber Company.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31 Rogue Fitness: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 Black Mountain Products, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 Perform Better: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34 SPRI.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35 RIMSports: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 36 WODFitter: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
FIG. 1 Global Excercise Resistance Bands (ERB ) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global ERB Market Segmentation
FIG. 4 Global ERB Market, by Product Type, 2018 (US$ Mn)
FIG. 5 Global ERB Market, by Applications, 2018 (US$ Mn)
FIG. 6 Global ERB Market, by Distribution Channel, 2018 (US$ Mn)
FIG. 7 Global ERB Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key ERB Market Manufacturers, 2018
FIG. 10 Global ERB Market Value Contribution, By Product Type, 2018 & 2027 (Value %)
FIG. 11 Global ERB Market, by Tube Resistance, Value, 2017–2027 (US$ Mn)
FIG. 12 Global ERB Market, by Strip Resistance Bands, Value, 2017–2027 (US$ Mn)
FIG. 13 Global ERB Market, by Rope Resistance Bands, Value, 2017–2027 (US$ Mn)
FIG. 14 Global ERB Market, by Others (Loop Resistance Bands, etc.), Value, 2017–2027 (US$ Mn)
FIG. 15 Global ERB Market Value Contribution, By Applications, 2018 & 2027 (Value %)
FIG. 16 Global ERB Market, by Individual Users, Value, 2017–2027 (US$ Mn)
FIG. 17 Global ERB Market, by Gym and Health Clubs, Value, 2017–2027 (US$ Mn)
FIG. 18 Global ERB Market, by Others, Value, 2017–2027 (US$ Mn)
FIG. 19 Global ERB Market Value Contribution, By Distribution Channel, 2018 & 2027 (Value %)
FIG. 20 Global ERB Market, by Online, Value, 2017–2027 (US$ Mn)
FIG. 21 Global ERB Market, by Offline, Value, 2017–2027 (US$ Mn)
FIG. 22 U.S. ERB Market, 2017–2027 (US$ Mn)
FIG. 23 Canada ERB Market, 2017–2027 (US$ Mn)
FIG. 24 U.K. ERB Market, 2017–2027 (US$ Mn)
FIG. 25 Germany ERB Market, 2017–2027 (US$ Mn)
FIG. 26 France ERB Market, 2017–2027 (US$ Mn)
FIG. 27 Italy ERB Market, 2017–2027 (US$ Mn)
FIG. 28 Rest of Europe ERB Market, 2017–2027 (US$ Mn)
FIG. 29 Japan ERB Market, 2017–2027 (US$ Mn)
FIG. 30 China ERB Market, 2017–2027 (US$ Mn)
FIG. 31 India ERB Market, 2017–2027 (US$ Mn)
FIG. 32 Rest of Asia Pacific ERB Market, 2017–2027 (US$ Mn)
FIG. 33 Middle East & Africa ERB Market, 2017–2027 (US$ Mn)
FIG. 34 Latin America ERB Market, 2017–2027 (US$ Mn)
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