Resistance Band Market tendency
Growing awareness regarding the health benefits of strength training exercises mainly drives the resistance band demand globally. In addition, the governmental initiative in promoting and encouraging people to participate in physical activities such as muscle building, cardio training, and others is likely to increase the exercise equipment demand and favor the global market growth.
According to the report ‘Evaluation of Jiankang Health Club’s Business Model Research,’ presented by the International Conference on Economic Management and Cultural Industry (ICEMCI), globally, the number of gyms increased from 183,000 in 2014 to 205,176 in 2020.
Also, the growing popularity of fitness applications among youngsters for maintaining a healthy workout routine is anticipated to increase the product demand globally.
According to data presented by the World Economic Forum, an international non-governmental institution, globally, between the 1st and 2nd quarter of 2020, the number of health and fitness application users increased by 46% and reached 1.5 billion by the 2nd quarter of 2020.
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