Global Resistance Bands Market to Reach $4.1 Billion by 2030
The global market for Resistance Bands estimated at US$3.6 Billion in the year 2023, is expected to reach US$4.1 Billion by 2030, growing at a CAGR of 1.9% over the analysis period 2023-2030. Exercise Bands, one of the segments analyzed in the report, is expected to record a 2.9% CAGR and reach US$2.1 Billion by the end of the analysis period. Growth in the Pull Up Bands segment is estimated at 1.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $961.1 Million, While China is Forecast to Grow at 5.2% CAGR
The Resistance Bands market in the U.S. is estimated at US$961.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$936.5 Million by the year 2030 trailing a CAGR of 5.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.2% and 0.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 0.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$604.2 Million by the year 2030.
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