Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The latest update of “Global Exercise Resistance Bands Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Exercise Resistance Bands Market.
Overview of the Exercise Resistance Bands Market:
Exercise resistance bands, or resistance bands or exercise bands, are elastic bands used for the strength training. These bands are extensively used in fitness centers and gyms and help muscle activation during exercise or training. They are also used to strengthen cardiac rehabilitation patients and to treat muscular injuries. Moreover, exercise resistance bands are used to improve muscular imbalance that help boost core body strength. Furthermore, these bands provide an alternative way for work out and weight loss as well as a defined muscular physique. Easy and convenient use and various benefits have increased the demand for resistance bands worldwide.
Market Drivers:
Increasing demand for exercise resistance bands due to increase in physical inactivity and rising health concerns due to busy lifestyle is expected to augment the growth of the global exercise resistance bands market during the forecast period. For instance, according to the World Health Organization (WHO), regular physical activities help prevent and manage non-communicable diseases (NCDs), such as heart disease, diabetes, stroke, and several cancers. Moreover, regular physical activities help maintain healthy body weight, prevent hypertension, and can improve quality of life, mental health, and well-being. Hence, such factors are expected to drive growth of the global exercise resistance bands market during the forecast period.
Moreover, initiatives by health organizations to encourage physical activity among people, rise in the use of resistance bands, and introduction of technologically advanced products are some major factors expected to propel market growth. For instance, WHO has initiated the global action plan on physical activity to reduce physical inactivity by 10% by 2025 and 15% by 2030.
Market Restraints:
The availability of counterfeit products, potential for injury, uncontrollable when stretched, and insufficient resistance are some major factors expected to hinder growth of the global exercise resistance bands market over the forecast period.
Regional Insights:
Among regions, North America and Asia Pacific are expected to witness robust growth in the global exercise resistance bands market due to government initiatives for improving the fitness of citizens and increasing awareness among people about the benefits of physical activity. For instance, the Centers for Disease Control and Prevention (CDC) works to increase the nation’s physical activity levels by promoting better community design and more active school and work environments. CDC also supports programs that include physical activity as a way to prevent type 2 diabetes and reduce arthritis pain.
Competitive Section:
Major companies involved in the global exercise resistance bands market are Wacces Store, TheraBand, Sequential Brands Group Inc., Reehut, ProSourceFit, Perform Better Inc., Fit Simplify, Coulter Ventures LLC, Bodylastics Inc., and Black Mountain Products Inc. among others.
For instance, in October 2021, A German startup brand called Straffr launched an interactive smart resistance band, which can offer user an interactive workout experience by connecting to an app and providing feedback on your session.
In August 2021, TRX launched the TRX Bandit, a set of removable handles that snap on to any resistance bands. Portable and compact, the Bandit is designed to throw in gym bag and take off, whether to the office, leisurely trips or in-place and within small spaces like dorms and at-home gyms.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Exercise Resistance Bands Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Exercise Resistance Bands Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Black Mountain Products Inc.
- Bodylastics Inc.
- Coulter Ventures LLC
- Fit Simplify
- Perform Better Inc.
- ProSourceFit
- Reehut
- Sequential Brands Group Inc.
- TheraBand
- Wacces Store
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Exercise Resistance Bands Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Strip exercise resistance bands
- Tube exercise resistance bands
By Applications, the market is segmented into:
- Individual users
- Health clubs and gyms
- Other commercial users
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Exercise Resistance Bands Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Exercise Resistance Bands Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Exercise Resistance Bands Market
1.6.1 How the Covid-19 is Affecting the Exercise Resistance Bands Market
1.6.1.1 Exercise Resistance Bands Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Exercise Resistance Bands Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Exercise Resistance Bands Market Perspective (2015-2028)
2.2 Exercise Resistance Bands Market Growth Trends by Regions
2.2.1 Exercise Resistance Bands Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Exercise Resistance Bands Market Historic Market Share by Regions (2015-2021)
2.2.3 Exercise Resistance Bands Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Exercise Resistance Bands Market Growth Strategy
2.3.6 Primary Interviews with Key Exercise Resistance Bands Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Exercise Resistance Bands Market Players by Market Size
3.1.1 Global Top Exercise Resistance Bands Market Players by Revenue (2015-2021)
3.1.2 Global Exercise Resistance Bands Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Exercise Resistance Bands Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Exercise Resistance Bands Market Concentration Ratio
3.2.1 Global Exercise Resistance Bands Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Exercise Resistance Bands Market Revenue in 2019
3.3 Exercise Resistance Bands Market Key Players Head office and Area Served
3.4 Key Players Exercise Resistance Bands Market Product Solution and Service
3.5 Date of entering into Exercise Resistance Bands Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Exercise Resistance Bands Market Historic Market Size by Type (2015-2021)
4.2 Global Exercise Resistance Bands Market Forecasted Market Size by Type (2021-2028)
5 Exercise Resistance Bands Market Breakdown Data by Application (2015-2028)
5.1 Global Exercise Resistance Bands Market Size by Application (2015-2021)
5.2 Global Exercise Resistance Bands Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Exercise Resistance Bands Market Size (2015-2021)
6.2 Exercise Resistance Bands Market Key Players in North America (2019-2021)
6.3 North America Exercise Resistance Bands Market Size by Type (2015-2021)
6.4 North America Exercise Resistance Bands Market Size by Application (2015-2021)
7 Europe
7.1 Europe Exercise Resistance Bands Market Size (2015-2021)
7.2 Exercise Resistance Bands Market Key Players in Europe (2019-2021)
7.3 Europe Exercise Resistance Bands Market Size by Type (2015-2021)
7.4 Europe Exercise Resistance Bands Market Size by Application (2015-2021)
8 China
8.1 China Exercise Resistance Bands Market Size (2015-2021)
8.2 Exercise Resistance Bands Market Key Players in China (2019-2021)
8.3 China Exercise Resistance Bands Market Size by Type (2015-2021)
8.4 China Exercise Resistance Bands Market Size by Application (2015-2021)
9 Japan
9.1 Japan Exercise Resistance Bands Market Size (2015-2021)
9.2 Exercise Resistance Bands Market Key Players in Japan (2019-2021)
9.3 Japan Exercise Resistance Bands Market Size by Type (2015-2021)
9.4 Japan Exercise Resistance Bands Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Exercise Resistance Bands Market Size (2015-2021)
10.2 Exercise Resistance Bands Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Exercise Resistance Bands Market Size by Type (2015-2021)
10.4 Southeast Asia Exercise Resistance Bands Market Size by Application (2015-2021)
11 India
11.1 India Exercise Resistance Bands Market Size (2015-2021)
11.2 Exercise Resistance Bands Market Key Players in India (2019-2021)
11.3 India Exercise Resistance Bands Market Size by Type (2015-2021)
11.4 India Exercise Resistance Bands Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Exercise Resistance Bands Market Size (2015-2021)
12.2 Exercise Resistance Bands Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Exercise Resistance Bands Market Size by Type (2015-2021)
12.4 Central & South America Exercise Resistance Bands Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Exercise Resistance Bands Market Introduction
13.4 Exercise Resistance Bands Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Exercise Resistance Bands Market Key Market Segments
Table 2. Key Players Covered: Ranking by Exercise Resistance Bands Market Revenue
Table 3. Ranking of Global Top Exercise Resistance Bands Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Exercise Resistance Bands Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Exercise Resistance Bands Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Exercise Resistance Bands Market Players to Combat Covid-19 Impact
Table 10. Global Exercise Resistance Bands Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Exercise Resistance Bands Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Exercise Resistance Bands Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Exercise Resistance Bands Market Share by Regions (2015-2021)
Table 14. Global Exercise Resistance Bands Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Exercise Resistance Bands Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Exercise Resistance Bands Market Growth Strategy
Table 20. Main Points Interviewed from Key Exercise Resistance Bands Market Players
Table 21. Global Exercise Resistance Bands Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Exercise Resistance Bands Market Share by Players (2015-2021)
Table 23. Global Top Exercise Resistance Bands Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Exercise Resistance Bands Market as of 2019)
Table 24. Global Exercise Resistance Bands Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Exercise Resistance Bands Market Product Solution and Service
Table 27. Date of entering into Exercise Resistance Bands Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Exercise Resistance Bands Market Size by Type (2015-2021) (Million US$)
Table 30. Global Exercise Resistance Bands Market Size Share by Type (2015-2021)
Table 31. Global Exercise Resistance Bands Market Revenue Market Share by Type (2021-2028)
Table 31. Global Exercise Resistance Bands Market Size Share by Application (2015-2021)
Table 33. Global Exercise Resistance Bands Market Size by Application (2015-2021) (Million US$)
Table 34. Global Exercise Resistance Bands Market Size Share by Application (2021-2028)
Table 35. North America Key Players Exercise Resistance Bands Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Exercise Resistance Bands Market Share (2019-2021)
Table 37. North America Exercise Resistance Bands Market Size by Type (2015-2021) (Million US$)
Table 38. North America Exercise Resistance Bands Market Share by Type (2015-2021)
Table 39. North America Exercise Resistance Bands Market Size by Application (2015-2021) (Million US$)
Table 40. North America Exercise Resistance Bands Market Share by Application (2015-2021)
Table 41. Europe Key Players Exercise Resistance Bands Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Exercise Resistance Bands Market Share (2019-2021)
Table 43. Europe Exercise Resistance Bands Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Exercise Resistance Bands Market Share by Type (2015-2021)
Table 45. Europe Exercise Resistance Bands Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Exercise Resistance Bands Market Share by Application (2015-2021)
Table 47. China Key Players Exercise Resistance Bands Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Exercise Resistance Bands Market Share (2019-2021)
Table 49. China Exercise Resistance Bands Market Size by Type (2015-2021) (Million US$)
Table 50. China Exercise Resistance Bands Market Share by Type (2015-2021)
Table 51. China Exercise Resistance Bands Market Size by Application (2015-2021) (Million US$)
Table 52. China Exercise Resistance Bands Market Share by Application (2015-2021)
Table 53. Japan Key Players Exercise Resistance Bands Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Exercise Resistance Bands Market Share (2019-2021)
Table 55. Japan Exercise Resistance Bands Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Exercise Resistance Bands Market Share by Type (2015-2021)
Table 57. Japan Exercise Resistance Bands Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Exercise Resistance Bands Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Exercise Resistance Bands Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Exercise Resistance Bands Market Share (2019-2021)
Table 61. Southeast Asia Exercise Resistance Bands Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Exercise Resistance Bands Market Share by Type (2015-2021)
Table 63. Southeast Asia Exercise Resistance Bands Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Exercise Resistance Bands Market Share by Application (2015-2021)
Table 65. India Key Players Exercise Resistance Bands Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Exercise Resistance Bands Market Share (2019-2021)
Table 67. India Exercise Resistance Bands Market Size by Type (2015-2021) (Million US$)
Table 68. India Exercise Resistance Bands Market Share by Type (2015-2021)
Table 69. India Exercise Resistance Bands Market Size by Application (2015-2021) (Million US$)
Table 70. India Exercise Resistance Bands Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Exercise Resistance Bands Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Exercise Resistance Bands Market Share (2019-2021)
Table 73. Central & South America Exercise Resistance Bands Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Exercise Resistance Bands Market Share by Type (2015-2021)
Table 75. Central & South America Exercise Resistance Bands Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Exercise Resistance Bands Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Exercise Resistance Bands Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Exercise Resistance Bands Market Share by Type: 2021 VS 2028
Figure 2. Global Exercise Resistance Bands Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Exercise Resistance Bands Market Report Years Considered
Figure 8. Global Exercise Resistance Bands Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Exercise Resistance Bands Market Share by Regions: 2021 VS 2028
Figure 10. Global Exercise Resistance Bands Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Exercise Resistance Bands Market Share by Players in 2019
Figure 13. Global Top Exercise Resistance Bands Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Exercise Resistance Bands Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Exercise Resistance Bands Market Revenue in 2019
Figure 15. North America Exercise Resistance Bands Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Exercise Resistance Bands Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Exercise Resistance Bands Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Exercise Resistance Bands Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Exercise Resistance Bands Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Exercise Resistance Bands Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Exercise Resistance Bands Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
