Resistance Bands Market size was estimated at $900.6 Million in 2019 and is expected to reach $2,041.2 Million by 2027, growing at a CAGR of 12.4% during the forecast period of 2020 to 2027.
Resistance bands are elastic bands typically used for physical therapy or workout. These are lightweight bands that help in inducing muscular contraction. Fitness freaks would use them for strength training, and those undergoing any form of physiotherapy might well use it to regain traction in their muscles. Primarily, these bands are meant to be rehabilitation for the muscles as they assist damaged muscles to get back the lost strength. These bands have been in use for a long time but commoditised recently with a splurge of people seeking strength training.
Growth factors and trends
Resistance band market is all set to grow in the days to come due to more demand the in pocket-friendly home work out equipment category. With resistance bands, one can perform multiple exercises for elbows, shoulders, knees and feet. As people are increasingly aware of the ill-effects of obesity, such work out regimes is getting common. Right from reducing muscular imbalance to enhancing core strength of the body, the resistance bands have all the points to its favour and hence a bright prospect. In 2018, the market size for such bands was approximately USD 712 million. Till 2025, the market cap for this product is expected to increase by at least 12%, if not more. In the days to come, smart resistance bands with Bluetooth and WiFi connectivity will further rule the category. The use of a resistance band needs no supervision while a person can do at least 25 types of exercises. This cost-effectiveness will drive the market to only higher trends until the forecasted period, i.e., 2025.