Exercise Resistance Bands Market: Introduction

  • Exercise resistance bands are elastic bands used for strength training. They are majorly used in gyms and fitness centers and help muscle activation during training exercises. The exercise resistance bands market is segmented based on product type, end-use, price, consumer group, distribution channel, and region. Exercise bands are also used for physical therapy to strengthen cardiac rehabilitation patients and in the treatment of muscular injuries. Easy and convenient usage and various advantages have increased the demand for resistance bands globally. Growth of the gym and fitness industry is expected to fuel the exercise resistance bands market across the globe.

Growth of Gym & Fitness Industry Expected to Fuel the Global Exercise Resistance Bands Market

  • Growth of the exercising and fitness industry is expected to lead to increased usage of exercise resistance bands as they provide the necessary support to strengthen the muscles during training exercises. Nowadays, people are more aware about health fitness regimes and use fitness equipment for health benefits. Increase in the use of resistance bands due to growing exercising activities is likely to expand the exercise resistance bands market.

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Rising Demand for Cost Effective Products to Undertake Work-out Sessions at Home Anticipated to Drive the Exercise Resistance Bands Market

  • Increasing adoption of physical activities at home has increased the usage of cost effective and comfortable products in residential spaces. Regular exercising improves the flexibility, mobility, and agility of a person’s body. It helps the person to be physically fit and increases the body strength. Various initiatives have been taken by health organizations to encourage physical activity among people across the globe. These factors are majorly impacting the exercise resistance band market, which is set to show an upward growth trajectory during the forecast period.

Asia Pacific to Lead the Global Exercise Resistance Bands Market

  • In terms of region, the global exercise resistance bands market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
  • Europe includes country-level analysis for the U.K., Germany, France, and Rest of Europe. North America includes Canada, the U.S., and Rest of North America. The South America exercise resistance bands market is segmented into Brazil, and Rest of South America. Analysis and forecast of the exercise resistance bands market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the exercise resistance bands market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.
  • The market in Asia Pacific is likely to witness maximum demand for exercise resistance bands from 2020 to 2030, followed by North America and Europe.
  • Growth of the gym and fitness sector is a major factor driving the exercise resistance bands market.

Key Manufacturers Operating in the Market

Key global manufacturers operating in the global exercise resistance bands market are:

  • Black Mountain Products Inc.
  • Bodylastics USA Inc.
  • Fit Simplify
  • Perform Better Inc.
  • ProsourceFit
  • Reehut
  • Rogue Fitness
  • Sequential brands group Inc.
  • Performance Health, LLC (TheraBand)
  • Wacces
  • Xtreme Bands
  • Fitness Anywhere LLC.

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Global Exercise Resistance Bands Market: Research Scope

Global Exercise Resistance Bands Market, by Product Type

  • Strip Exercise Resistance Bands
  • Tube Exercise Resistance Bands

Global Exercise Resistance Bands Market, by End-use

  • Individual
  • Commercial
    • Fitness Clubs & Gyms
    • Other (Sports Clubs, Physiotherapy and Healthcare Clinics, etc.)

Global Exercise Resistance Bands Market, by Price

  • Mass
  • Premium

Global Exercise Resistance Bands Market, by Consumer Group

  • Men
  • Women
  • Kids

Global Exercise Resistance Bands Market, by Distribution Channel

  • Online
  • E-commerce Websites
  • Company-owned Websites
  • Offline
  • Hypermarkets & Supermarkets
  • Departmental Stores
  • Specialty Stores
  • Others (Sports Retail Stores, etc.)

Global Exercise Resistance Bands Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Exercise Resistance Bands Market

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