Europe Resistance Bands Market to Grow at a CAGR of 4.4% to reach US$ 252.14 Million from 2022 to 2028
The Europe resistance bands market is expected to grow from US$ 195.05 million in 2022 to US$ 252.14 million by 2028; it is expected to grow at a CAGR of 4.4% from 2022 to 2028.
Resistance bands are used in various exercises and workout activities to improve strength and maintain balance while exercising. In addition, resistance bands are also used in the physical therapy and rehabilitation of patients. These bands are available in various color codes which define tension levels such as yellow, green, and red. Consumers can choose their equipment according to their fitness and muscle endurance.
the rise in initiatives by various organizations to increase physical activity in the region is surging the demand for resistance bands. For instance, according to the World Health Organization (WHO), the European Union (EU) promoted Health-Enhancing Physical Activity (HEPA) to provide long-term benefits for people's health and health system. Additionally, the COVID-19 pandemic and the shutdown of gym and fitness clubs spurred a shift toward personalized at-home workouts. Resistance bands are used in various at-home fitness activities such as yoga and Pilates to improve strength and maintain balance while exercising. Moreover, consumers are shifting to cost-effective and sustainable workout products. Resistance bands are cost-effective products compared to other at-home fitness equipment such as dumbbells and kettlebells, which is surging their demand. Thus, the increasing consumer inclination toward home fitness and workout activities is driving the resistance bands market.
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Europe Resistance Bands Market: Strategic Insights
Market Size Value in US$ 195.05 million in 2022 Market Size Value by US$ 252.14 million by 2028 Growth rate CAGR of 4.4% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Europe Resistance Bands Market: Strategic Insights
| Market Size Value in | US$ 195.05 million in 2022 |
| Market Size Value by | US$ 252.14 million by 2028 |
| Growth rate | CAGR of 4.4% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Europe Resistance Bands Market
The COVID-19 pandemic adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The consumer goods industry witnessed severe disruptions such as supply chain breaks and production plant shutdowns due to the pandemic. The shutdown of some of the manufacturing plants and factories in Europe hindered the supply chain and negatively impacted manufacturing activities, delivery schedules, and goods sales. Further, during the pandemic, various companies announced possible delays in product deliveries and a slump in future sales. In addition, the international travel bans imposed by countries in Europe disrupted business collaboration and partnership opportunities. The pandemic directly affected the production and demand for resistance bands and subsequently impacted the revenue of European economies and businesses. Further, the European market experienced the positive impact with relaxation of regulations and increased demand for at-home fitness equipment.
Market Insights
Increasing Demand from E-Commerce Sector in Europe to Boost Market Growth
According to the European Union, 16% of European Union enterprises conducted e-sales using only websites or applications in 2020. Easy access to e-commerce platforms due to the increasing penetration of smartphones and the internet, the rising purchasing power of consumers, and the convenient shopping experience provided by online retail platforms are among the key factors driving the sales of resistance bands through the e-commerce platforms.
People increasingly prefer online retail platforms to buy resistance bands, owing to the availability of various products of different brands at affordable prices, detailed product descriptions, consumer ratings and reviews, and home delivery services. With the rising penetration of e-commerce across Europe, resistance band manufacturers are enhancing their online presence by selling their products on well-known e-commerce platforms such as Amazon.com and eBay. The growing e-commerce platform is providing a lucrative opportunity for manufacturers to expand their sales and reach a larger consumer base. Therefore, the growth of e-commerce platforms is expected to offer a lucrative opportunity for the resistance bands market in the coming years.
Type-Based Insights
Based on type, the Europe resistance bands market is segmented into pull-up bands, tube bands, therapy bands, and others. The pull-up bands segment held the largest share of the market in 2021. Pull-up bands are used for resistance training, general conditioning, stretching, and rehabilitation. These bands are available in various types based on resistance and power levels. The thicker bands assist pull-ups, chin-ups, bar muscle-ups, and ring dips, while lighter bands are perfect for triceps and biceps exercises.
Distribution Channel-Based Insights
Based on distribution channel, the Europe resistance bands market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarket and hypermarket segment accounted for the largest share of the market in 2021. Supermarkets and hypermarkets are large retail establishments that offer a wide range of fitness and exercise products such as dumbbells, kettlebell sets, fitness balls, and other accessories. Products from various brands are available at reasonable prices in these stores, allowing shoppers to find the right product quickly.
Performance Health Holding Inc, Decathlon SA, 4D Rubber Ltd, Fitness Anywhere LLC, Optibelt GmbH, Crown World Marketing Ltd, Physical Co Ltd, Starwood Sports Ltd, Flexible Sports GmbH, and Meglio Ltd are among the key players operating in the Europe resistance bands market. These companies present wide product portfolios and are highly focused on developing high-quality and innovative products to meet the customers' requirements.
Report Spotlights
- Progressive industry trends in the Europe resistance bands market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the Europe resistance bands market from 2020 to 2028
- Estimation of regional demand for resistance bands
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the resistance bands industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the growth of the Europe resistance bands market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the Europe resistance bands market at various nodes
- Detailed overview and segmentation of the market and the resistance bands industry dynamics
- Size of the Europe resistance bands market in various countries with promising growth opportunities
Based on type, the Europe resistance bands market is segmented into pull-up bands, tube bands, therapy bands, and others. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.
Company Profiles
- Performance Health Holding Inc
- Decathlon SA
- 4D Rubber Ltd
- Fitness Anywhere LLC
- Optibelt GmbH
- Crown World Marketing Ltd
- Physical Co Ltd
- Starwood Sports Ltd
- Flexible Sports GmbH
- Meglio Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
France, Germany, Italy, Spain, United Kingdom
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
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 Categoryulation:
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. Resistance Bands Market Landscape
4.1 Porter’s Five Force 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
4.2 Expert Opinion
5. Resistance Bands Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Consumer Inclination towards 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 Sales Channel
5.4 Future Trends
5.4.1 Increasing Influence of Social Media for Fitness Activities
5.5 Impact Analysis of Drivers and Restraints
6. Resistance Bands– Europe Market Analysis
6.1 Resistance Bands Market Overview
6.2 Resistance Bands Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Resistance Bands Market Analysis – By Type
7.1 Overview
7.2 Resistance Bands Market, By Type (2021 and 2028)
7.3 Pull-Up Bands
7.3.1 Overview
7.3.2 Pull-Up Bands: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Tube Bands
7.4.1 Overview
7.4.2 Tube Bands: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Therapy Bands
7.5.1 Overview
7.5.2 Therapy Bands: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
8. Resistance Bands Market Analysis – By Distribution Channel
8.1 Overview
8.2 Resistance Bands Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Resistance Bands Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Resistance Bands Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Resistance Bands Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Resistance Bands Market– Revenue and Forecast to 2028 (US$ Million)
12. Resistance Bands Market – Geographic Analysis
12.1 Overview
12.3 Europe: Resistance Bands Market
12.3.1 Europe: Resistance Bands Market –Revenue and Forecast to 2028 (US$ Million)
12.3.2 Europe: Resistance Bands Market, By Type
12.3.3 Europe: Resistance Bands Market, by Distribution Channel
12.3.4 Europe: Resistance Bands Market, by Key Country
12.3.4.1 Germany: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
12.3.4.1.1 Germany: Resistance Bands Market, By Type
12.3.4.1.2 Germany: Resistance Bands Market, by Distribution Channel
12.3.4.2 France: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
12.3.4.2.1 France: Resistance Bands Market, By Type
12.3.4.2.2 France: Resistance Bands Market, by Distribution Channel
12.3.4.3 UK: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
12.3.4.3.1 UK: Resistance Bands Market, By Type
12.3.4.3.2 UK: Resistance Bands Market, by Distribution Channel
12.3.4.4 Italy: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
12.3.4.4.1 Italy: Resistance Bands Market, By Type
12.3.4.4.2 Italy: Resistance Bands Market, by Distribution Channel
12.3.4.5 Spain: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
12.3.4.5.1 Spain: Resistance Bands Market, By Type
12.3.4.5.2 Spain: Resistance Bands Market, by Distribution Channel
10.3.4.6 Rest of Europe: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
12.3.4.6.1 Rest of Europe: Resistance Bands Market, By Type
12.3.4.6.2 Rest of Europe: Resistance Bands Market, by Distribution Channel
11. Industry Landscape
11.1 Overview
11.2 Business Planning and Strategy
11.3 Product News
12. Impact of COVID-19 Pandemic on Europe Resistance Bands Market
12.1 Impact of COVID-19 on Resistance Bands Market
12.2 Europe Impact Assessment of COVID-19 Pandemic
13. Company Profiles
13.1 Performance Health Holding Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Decathlon SA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 4D Rubber Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fitness Anywhere LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Optibelt GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Crown World Marketing Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Physical Co Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Starwood Sports Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Flexible Sports GmbH
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Meglio Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Resistance Bands Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Resistance Bands Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe Resistance Bands Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Resistance Bands Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany Resistance Bands Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. France Resistance Bands Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Resistance Bands Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Resistance Bands Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Resistance Bands Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Resistance Bands Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy Resistance Bands Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Spain Resistance Bands Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Spain Resistance Bands Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Europe Resistance Bands Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of Europe Resistance Bands Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 16. List of Abbreviation
LIST OF FIGURES
Figure 1. Resistance Bands Market Segmentation
Figure 2. Resistance Bands Market Segmentation – By Geography
Figure 3. Europe Resistance Bands Market Overview
Figure 5. Europe Resistance Bands Market, Key Market Players
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 9. Resistance Bands Market: Impact Analysis of Drivers and Restraints
Figure 10. Geographic Overview of Resistance Bands Market
Figure 11. Europe: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Key Players: Resistance Bands Market
Figure 13. Resistance Bands Market Revenue Share, By Type (2021 and 2028)
Figure 14. Pull-up Bands: Resistance Bands Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Tube Bands: Resistance Bands Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Therapy Bands: Resistance Bands Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Others: Resistance Bands Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Resistance Bands Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 19. Supermarkets and Hypermarkets: Resistance Bands Market– Revenue and Forecast To 2028 (US$ Million)
Figure 20. Specialty Stores: Resistance Bands Market– Revenue and Forecast To 2028 (US$ Million)
Figure 21. Online Retails: Resistance Bands Market– Revenue and Forecast To 2028 (US$ Million)
Figure 22. Others: Resistance Bands Market– Revenue and Forecast To 2028 (US$ Million)
Figure 23. Europe: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Resistance Bands Market Revenue Share, By Type (2021 and 2028)
Figure 25. Europe: Resistance Bands Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 26. Europe: Resistance Bands Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. Germany: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Spain: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Resistance Bands Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Europe
The List of Companies - Europe Resistance Bands Market
- Performance Health Holding Inc
- Decathlon SA
- 4D Rubber Ltd
- Fitness Anywhere LLC
- Optibelt GmbH
- Crown World Marketing Ltd
- Physical Co Ltd
- Starwood Sports Ltd
- Flexible Sports GmbH
- Meglio Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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