Industry Background:
Resistance band, an elastic band which is used for strength training, is available in a wide range of resistance levels, used by fitness and health practitioners. The consistently increasing number of millennial population and growing interest in fitness and changing lifestyles of people are anticipated in the growth of the resistance band market across the world. According to International Health, Racquet and Sportsclub Association (IHRSA), about 1 out of 5 Americans belong to at least one United States health club or studio. In 2018, the total number of the gym is approximately 39,570, the health club facilities increased by 2.8 percent over the previous year, up from 38,477 locations in the United States.
This growth is primarily driven by Growing Inclination of Millennial Population towards Bodybuilding across the World and Increasing Demand for Light Weight, Portable and Space Saving Exercise Equipment.
Globally, a noticeable market trend is evident The Advent of Smart Exercise Resistance Bands
. Major Vendors, such as Gronk Fitness Products (United States), Nike Inc. (United States), Adidas AG (Germany), Decathlon S.A (France), Precor Inc. (A Amer Sports Company) (United States), Jerai Fitness Pvt. Ltd. (India), CAP Barbell (United States), Total Gym (United States), TROY Barbell & Fitness (United States) and Valor Fitness (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Inclination of Millennial Population towards Bodybuilding across the World
- Increasing Demand for Light Weight, Portable and Space Saving Exercise Equipment
Market Trend
- The Advent of Smart Exercise Resistance Bands
- Increasing Interest in Fitness and Changing Lifestyles of People Globally
Restraints
- Low Adoption Rate in Both Underdeveloped and Developing Nations
Opportunities
Various Advantages such as Cost-Effectiveness and Whole Body Workout and Functionalities Drive the Growing Popularity of Resistance Band and Increasing Adoption of Online Platform by Numerous Manufacturers
Challenges
Presence of Various Substitute and High Penetration Rate of Local Market Players in Developing Nations
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Resistance Bands Study Sheds Light on
The Resistance Bands Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Resistance Bands industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Resistance Bands industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.