Our comprehensive research on the Global Exercise Bands Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global exercise bands market size was US$ 899 million in 2021. The global exercise bands market is forecast to grow to USD 4101.9 million by 2030 by registering a compound annual growth rate (CAGR) of 18.5% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The gym and fitness sector is growing in popularity around the world. It is attributed to the rising public knowledge of health regimens and their advantages. Furthermore, one of the most recent trends in the worldwide market is the use of exercise bands for physical therapy to strengthen cardiac rehabilitation patients and treat muscular injuries. Thus, all of this will contribute to the growth of the global exercise bands market during the forecast period.
Growing consumer awareness about healthier and smart lifestyles will propel the exercise bands market forward. Furthermore, the rising demand for affordable and cost-effective bands will offer ample growth opportunities for the global exercise band market growth.
In addition, smart exercise bands with motion sensors and bluetooth transmitters are likely to gain traction in the coming years. However, growing concerns over security and privacy may limit the growth of the market.
Regional Analysis
North America is forecast to dominate the global exercise band market in terms of revenue. It is attributed to the growing awareness among the population about a healthy lifestyle. In addition, the presence of a vast number of fitness programs will contribute to the growth of the exercise band market. Furthermore, high disposable income and growing awareness related to the health benefits of exercise bands will drive the regional exercise band market forward.
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Competitors in the Market
- 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)
- Wacces
- Xtreme Bands
- Fitness Anywhere LLC.
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Exercise Bands industry experienced notable growth in its workforce. Starting in January, employment within the Exercise Bands sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Exercise Bands output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Exercise Bands output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Exercise Bands market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Exercise Bands market.
Market Segmentation
The global exercise band market segmentation focuses on Product, Distribution Channel, Application, and Region.
Based on Product Type
- Therapy Bands
- Pull up Bands
- Exercise Bands
- Strip Exercise Bands
- Tube Exercise Band
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Based on Distribution Channel
- Offline
- Supermarkets
- Departmental Stores
- Specialty Stores
- Online
- E-commerce Websites
- Company-owned Websites
Based on Application
- Individual
- Health
- Sports Clubs
Based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Exercise Bands Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Exercise Bands Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Exercise Bands Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Exercise Bands Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Exercise Bands market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Exercise Bands market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Exercise Bands business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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