Global Industry Analysts Predicts the World Resistance Bands Market to Reach $1.7 Billion by 2026
SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Resistance Bands - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 1169
Companies: 42 - Players covered include Black Mountain Products Inc.; Bodylastics International Inc.; Fit Simplify; Fitness Anywhere LLC; Performance Health LLC (TheraBand); Prosource; Reehut; Rogue Fitness; Sequential brands group Inc.; TheraBand; Wacces; Xtreme Bands; Zaj Fit and Others.
Coverage: All major geographies and key segments
Segments: Product (Exercise Bands, Pull Up Bands, Therapy Bands); Distribution Channel (Offline, Online); Application (Health & Sports Clubs, Individual)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Resistance Bands Market to Reach $1.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Resistance Bands estimated at US$876.8 Million in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2026, growing at a CAGR of 11% over the analysis period. Exercise Bands, one of the segments analyzed in the report, is projected to record a 10.6% CAGR and reach US$857.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pull Up Bands segment is readjusted to a revised 10.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $264.3 Million in 2021, While China is Forecast to Reach $345.5 Million by 2026
The Resistance Bands market in the U.S. is estimated at US$264.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$345.5 Million by the year 2026 trailing a CAGR of 14.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 9.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR.
Therapy Bands Segment to Reach US$311.7 Million by the year 2026
In the global Therapy Bands segment, USA, Canada, Japan, China and Europe will drive the 11.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$113.1 Million in the year 2020 will reach a projected size of US$248.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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