Asia Pacific Resistance Band Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

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The Asia Pacific resistance band market is expected to grow from US$ 174.05 million in 2022 to US$ 237.15 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

Increasing Influence of Social Media on Fitness Activities Fuels Asia Pacific Resistance Band Market

Social media influencers are one of the powerful mediums to reach, influence, and change the physical activity and diet-related behavior of consumers. With growing awareness about fitness, the penetration of fitness apps is also increasing. A compilation of the most-downloaded fitness apps on Google Play and Apple's App Store reveals an astonishing rise in customer interest after the onset of the COVID-19 pandemic.

Moreover, Fitness exercises on virtual platforms can help people target particular fitness goals they might not be able to achieve in a guided in-person class. Fitness classes conducted through digital platforms are more convenient for many fitness enthusiasts. The most significant benefit of online fitness classes is that these fitness enthusiasts are always available 24/7. Finding time to get to the gym can be a real challenge for busy people but exercising at home, works if fitness enthusiasts have a space to exercise and access to online classes. Thus, the rising penetration of online fitness classes is expected to increase the demand for resistance bands in the coming years.

In recent years, the growth of the fitness industry has been accomplished by the emergence of an occupation as a social media fitness influencer. The fitness products used by the fitness influencers and physical activities performed influence a large group of the population. Resistance bands are being promoted by fitness influencers as they are better at-home fitness equipment for strength training and are cost-effective compared to other equipment. In addition, various brands operating in the market are entering into partnerships and collaborations with fitness influencers on social media in order to reach a larger consumer base. Thus, the increasing influence of social media on fitness activities is expected to positively impact the resistance band market.

Asia Pacific Resistance Band Market Overview

The resistance bands market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Asia Pacific is a significant market for fitness equipment. According to the World Health Organization (WHO) South-East Asia, countries in the region led to lifestyle changes, due to unhealthy diets and lack of physical activity. Lifestyle changes, especially after the onset of the COVID-19 pandemic, have influenced the diet of individuals, which is increasing the incidence of obesity and other disorders. Hence, the need to follow proper fitness regimes is expected to create lucrative opportunities for the growth of the fitness industry in the coming years. Thus, such opportunities will likely increase the sales of physical training equipment, such as resistance bands, during the forecast period.

Asia Pacific Resistance Band Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Resistance Band Market Segmentation

The Asia Pacific resistance band market is segmented into type, distribution channel, and country.

Based on type, the Asia Pacific resistance band market is segmented into pull-up bands, tube bands, therapy bands, and others. The pull-up bands segment held registered the largest Asia Pacific resistance band market share in 2022.

Based on distribution channel, the Asia Pacific resistance band market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest Asia Pacific resistance band market share in 2022.

Based on country, the Asia Pacific resistance band market has been categorized into China, Japan, India, Australia, South Korea and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific resistance band market share in 2022.

Decathlon SA; Flexible Sports GmbH; Optibelt GmbH; Perform Better; and Serious Steel, LLC are the leading companies operating in the resistance band market in the region.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific resistance band market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific resistance band market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the resistance band market as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00028748

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Resistance Bands Market, by Type
- 1.3.2 Resistance Bands Market, by Distribution Channel
- 1.3.3 Resistance Bands Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Asia Pacific Resistance Bands Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Expert Opinion

5. Asia Pacific Resistance Bands Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Consumer Inclination Toward Home Fitness and Workout Activities
- 5.1.2 Rising Popularity of Strength Training
5.2 Market Restraints
- 5.2.1 High Popularity of Substitute Products
5.3 Market Opportunities
- 5.3.1 Growth of E-commerce Platform
5.4 Future Trends
- 5.4.1 Increasing Influence of Social Media on Fitness Activities
5.5 Impact Analysis of Drivers and Restraints

6. Resistance Bands- Asia Pacific Market Analysis

6.1 Resistance Bands Market Overview
6.2 Asia Pacific Resistance Bands Market -Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Resistance Bands Market Analysis - By Type

7.1 Overview
7.2 Asia Pacific Resistance Bands Market, By Type (2021 and 2028)
7.3 Pull-Up Bands
- 7.3.1 Overview
- 7.3.2 Pull-Up Bands: Asia Pacific Resistance Bands Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Tube Bands
- 7.4.1 Overview
- 7.4.2 Tube Bands: Asia Pacific Resistance Bands Market - Revenue and Forecast to 2028 (US$ Mn)
7.5 Therapy Bands
- 7.5.1 Overview
- 7.5.2 Therapy Bands: Asia Pacific Resistance Bands Market - Revenue and Forecast to 2028 (US$ Mn)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Asia Pacific Resistance Bands Market - Revenue and Forecast to 2028 (US$ Mn)

8. Asia Pacific Resistance Bands Market Analysis - By Distribution Channel

8.1 Overview
8.2 Asia Pacific Resistance Bands Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
- 8.3.1 Overview
- 8.3.2 Supermarkets and Hypermarkets: Asia Pacific Resistance Bands Market- Revenue and Forecast to 2028 (US$ Mn)
8.4 Specialty Stores
- 8.4.1 Overview
- 8.4.2 Specialty Stores: Asia Pacific Resistance Bands Market- Revenue and Forecast to 2028 (US$ Mn)
8.5 Online Retail
- 8.5.1 Overview
- 8.5.2 Online Retail: Asia Pacific Resistance Bands Market- Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Asia Pacific Resistance Bands Market- Revenue and Forecast to 2028 (US$ Mn)

9. Asia Pacific Resistance Bands Market- Country Analysis

9.1 Overview
9.2 Asia Pacific: Resistance Bands Market
- 9.2.1 Asia Pacific: Resistance Bands Market, by Key Country
  - 9.2.1.1 China: Resistance Bands Market-Revenue and Forecast to 2028 (US$ Million)
    - 9.2.1.1.1 China: Resistance Bands Market, By Type
    - 9.2.1.1.2 China: Resistance Bands Market, by Distribution Channel
  - 9.2.1.2 Japan: Resistance Bands Market-Revenue and Forecast to 2028 (US$ Million)
    - 9.2.1.2.1 Japan: Resistance Bands Market, By Type
    - 9.2.1.2.2 Japan: Resistance Bands Market, by Distribution Channel
  - 9.2.1.3 India: Resistance Bands Market-Revenue and Forecast to 2028 (US$ Million)
    - 9.2.1.3.1 India: Resistance Bands Market, by Type
    - 9.2.1.3.2 India: Resistance Bands Market, by Distribution Channel
  - 9.2.1.4 Australia: Resistance Bands Market-Revenue and Forecast to 2028 (US$ Million)
    - 9.2.1.4.1 Australia: Resistance Bands Market, By Type
    - 9.2.1.4.2 Australia: Resistance Bands Market, by Distribution Channel
  - 9.2.1.5 South Korea: Resistance Bands Market-Revenue and Forecast to 2028 (US$ Million)
    - 9.2.1.5.1 South Korea: Resistance Bands Market, By Type
    - 9.2.1.5.2 South Korea: Resistance Bands Market, by Distribution Channel
  - 9.2.1.6 Rest of Asia Pacific: Resistance Bands Market-Revenue and Forecast to 2028 (US$ Million)
    - 9.2.1.6.1 Rest of Asia Pacific: Resistance Bands Market, By Type
    - 9.2.1.6.2 Rest of Asia Pacific: Resistance Bands Market, by Distribution Channel

10. Company Profiles

10.1 Decathlon SA
- 10.1.1 Key Facts
- 10.1.2 Business Description
- 10.1.3 Products and Services
- 10.1.4 Financial Overview
- 10.1.5 SWOT Analysis
- 10.1.6 Key Developments
10.2 Perform Better
- 10.2.1 Key Facts
- 10.2.2 Business Description
- 10.2.3 Products and Services
- 10.2.4 Financial Overview
- 10.2.5 SWOT Analysis
- 10.2.6 Key Developments
10.3 Optibelt GmbH
- 10.3.1 Key Facts
- 10.3.2 Business Description
- 10.3.3 Products and Services
- 10.3.4 Financial Overview
- 10.3.5 SWOT Analysis
- 10.3.6 Key Developments
10.4 Serious Steel, LLC
- 10.4.1 Key Facts
- 10.4.2 Business Description
- 10.4.3 Products and Services
- 10.4.4 Financial Overview
- 10.4.5 SWOT Analysis
- 10.4.6 Key Developments
10.5 Flexible Sports GmbH
- 10.5.1 Key Facts
- 10.5.2 Business Description
- 10.5.3 Products and Services
- 10.5.4 Financial Overview
- 10.5.5 SWOT Analysis
- 10.5.6 Key Developments