Running Belt with Water Bottle Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global running belt with water bottle market is poised for steady growth, with a projected Compound Annual Growth Rate (CAGR) of approximately 5.0% during the period from 2021 to 2031. Running belts with water bottles are essential equipment designed for athletes and runners, enabling them to carry water and stay hydrated during outdoor sports activities such as cycling and running.
Factors Driving Demand for Running Belt with Water Bottle Market
The global running belt with water bottle market is expected to flourish due to a surge in health-conscious individuals around the world who are increasingly engaging in physical activities. Strenuous physical activities can lead to dehydration, resulting in muscle fatigue, dizziness, excessive thirst, dry skin, and headaches. Running belts with water bottles address these needs, supporting users during their workouts and enhancing the adoption of this essential gear.
Customers are also opting for running belts with water bottles to mitigate the risks associated with dehydration. The consumption of electrolyte-enhanced water to restore electrolyte balance after physical activity has further fueled the demand for running belts with water bottles. Medical recommendations advocate regular consumption of fluids in moderate amounts rather than large quantities at once, driving the market's growth.
Trends in Running Belt with Water Bottle Expected to Boost Sales
In response to the increasing importance of smartphones in our lives, market participants are introducing running belts equipped with two pockets—one for water bottles and the other for smartphones. For example, AiRunTech's No-Bounce Hydration Belt features two compartments, accommodating both smartphones and small items like keys, providing a convenient solution for users.
Moreover, these belts are designed with a gap to allow earbud or headphone wires to pass through, enabling users to enjoy music during their runs without worrying about their phone falling out of their pocket. Manufacturers are also focusing on creating leak-proof variations and utilizing lightweight materials to enhance the comfort and durability of these belts.
Growing research and development efforts aimed at improving key features like durability and comfort are expected to further drive market growth. These offerings entice customers to opt for running belts with water bottles, enhancing their overall running experience.
Impact of Covid-19 on Running Belt with Water Bottle Market
The COVID-19 pandemic had significant repercussions on the global economy, affecting various sectors, including the running belt with water bottle market. Government regulations related to outdoor and leisure activities, combined with the closure of sports clubs, parks, gyms, and other fitness facilities, disrupted the overall business.
The pandemic led to import and export restrictions, manufacturing plant closures, and labor shortages due to lockdowns. However, as conditions improve and restrictions ease, the running belt with water bottle market is gradually recovering.
US and Canada Running Belt with Water Bottle Market Outlook
North America is expected to dominate the running belt with water bottle market, with the highest growth projected throughout the forecast period. In the United States, there is a growing trend among millennials towards engaging in sports and physical activities.
According to a 2017 report by the International Health, Racquet & Sports Club Association (IHRSA), more than 57 million Americans aged 6 and above are members of health clubs, reflecting a commitment to regular gym attendance. Such trends are driving the demand for running belts with water bottles in the region.
Europe Demand Outlook for Running Belt with Water Bottle
Industrialized economies in Europe, including Germany, Russia, and the United Kingdom, have witnessed a surge in the popularity of high-intensity sports such as cycling, rowing, canoeing, kayaking, triathlon, and speed skating among young individuals. The increasing competitiveness among countries in international sporting events, including the Asiad and Olympic Games, has led to a growing number of athletes.
Countries like Germany, with approximately 11.7 million health club members, are seeing a rise in health club memberships, driving revenue growth. As the number of consumers joining health clubs increases, so does the demand for water-resistant running belts.
Key Manufacturers and Suppliers of Running Belt with Water Bottle
Leading suppliers of running belts with water bottles include:
• Amphipod
• FuelBelt
• Nathan Sports
• Ultimate Direction
• CamelBak Products
• Decathlon
• Fitletic
• Salomon and The North Face
• Jupiter Gear
• Osprey Packs Inc.
• And Others
Market Segmentation
By Activities
• Running
• Cycling
• Hiking
• Others
By End Use
• Sports
• Military
• Others
By Consumer Orientation
• Men
• Women
By Sales Channel
• Wholesalers/Distributors
• Online Retailers
• Direct Sales
• Specialty Sports Shops
• Multi-Brand Stores
• Other Sales Channel
By Region
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Japan
• Middle East and Africa
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