Global Exercise Resistance Bands Market 2018-2022
About Exercise Resistance Bands
An exercise resistance band is an elastic band used for strength training. They come in a variety of resistance levels, and are widely used by health and fitness practitioners. They are commonly used in physical therapy, specifically by convalescents of muscular injuries, including cardiac rehab patients to allow the slow rebuilding of strength.
Technavio’s analysts forecast the global exercise resistance bands market to grow at a CAGR of 11.99% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global exercise resistance bands market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of exercise resistance band.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Exercise Resistance Bands Market 2018-2022
Technavio recognizes the following companies as the key players in the global exercise resistance bands market: BLACK MOUNTAIN PRODUCTS, PROSOURCE, Reehut, TheraBand, and Wacces Store.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is advent of smart exercise resistance bands. Currently, the exercise resistance bands market is going through an upgrade as conventional exercise resistance bands have joined the Internet of Things (IoT) revolution. Exercise resistance bands are among the most convenient fitness equipment to work with, as they are affordable, easy to store, and offer the same resistance and workout that other fitness equipment provides. In 2016, few startups and established players had come out with smart resistance bands, which had features such as Bluetooth transmitters and motion sensors. For instance, the Xiaomi Move It, smart exercise resistance band”
According to the report, one of the major drivers for this market is Low price and easy usage enhancing consumer adoption. Band exercises require very little equipment and are one of the most affordable types of home exercises. Moreover, as these bands are portable they are convenient to carry. A full set of bands with different strength and resistance levels also cost considerably less than a home gym or a gym membership and help save a lot of space.
Further, the report states that one of the major factors hindering the growth of this market is Aspects such as insufficient resistance, potential for injury, and others deterring the growth of the market. Unlike heavy free weights and weight machines, exercise resistance bands do not provide as much resistance and are not suitable for serious bodybuilding. Moreover, depending on the quality of resistance bands used, these bands can snap, causing injury to the eye, a skin scar or sudden movement during an exercise can strain the body. Moreover, they can become uncontrollable when fully stretched.
BLACK MOUNTAIN PRODUCTS, PROSOURCE, Reehut, TheraBand, and Wacces Store.