Asia Pacific Resistance Bands Market Size & Outlook
Asia Pacific resistance bands market, 2015-2028 (US$M)
Related Markets
Asia Pacific resistance bands market highlights
- The Asia Pacific resistance bands market generated a revenue of USD 412.1 million in 2021.
- The market is expected to grow at a CAGR of 10.2% from 2022 to 2028.
- In terms of segment, gym & health clubs was the largest revenue generating application in 2021.
- Individual is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2028.
Asia Pacific data book summary
| Market revenue in 2021 | USD 412.1 million |
| Market revenue in 2028 | USD 810.9 million |
| Growth rate | 10.2% (CAGR from 2021 to 2028) |
| Largest segment | Gym & health clubs |
| Fastest growing segment | Individual |
| Historical data covered | 2015 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gym & Health Clubs, Individual |
| Key market players worldwide | Extreme Networks Inc, Performance Health, Black Mountain Products, ProsourceFit, Bodylastics |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.2% of the global resistance bands market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 810.9 million by 2028.
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Resistance Bands Market Scope
Resistance Bands Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific resistance bands market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to resistance bands market will help companies and investors design strategic landscapes.
Gym & health clubs was the largest segment with a revenue share of 75.64% in 2021. Horizon Databook has segmented the Asia Pacific resistance bands market based on gym & health clubs, individual covering the revenue growth of each sub-segment from 2015 to 2028.
The market for resistance bands is gaining momentum in Asia Pacific as consumers switched to exercising at home due to the onset of the COVID-19 pandemic. The temporary lockdowns imposed also inspired people to improve their home gyms and invest in home fitness equipment, which has led to a significant impact on market growth in the region.
Consumers in the region have become more conscious of health and wellness. They are seeking alternative methods for health monitoring and consultation in an attempt to avoid visits to hospitals and clinics. This has resulted in an increase in the usage of resistance bands, particularly for stretching and exercising, across the region.
In most countries across Asia Pacific, governments are supporting recreational physical activities and sports in a variety of ways, such as subsidizing community fitness centers and gyms, as well as providing funding for youth and community sports leagues and training programs, which is expected to create significant growth opportunities for market growth.
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Our clientele includes a mix of resistance bands market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific resistance bands market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific resistance bands market from 2015 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific resistance bands market size, by country, 2015-2028 (US$M)
Asia Pacific Resistance Bands Market Outlook Share, 2021 & 2028 (US$M)
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