Running Belts and Armbands Market Report Overview
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The global running belts and armbands market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.
Fitness gear such as running belts and armbands is made to help them carry their necessities while they run. Often worn around the waist, running belts are generally made of pliable, lightweight materials. Contrarily, armbands are intended to be worn around the arm and frequently contain a pocket to hold a phone or music player. These running belts can be useful for runners who wish to carry their necessities without having to hold them in their hands or worry about things dropping out of their pockets. They can improve comfort and convenience while jogging and provide athletes the freedom to concentrate on their workouts without being distracted.
There are various reasons why the market for running belts and armbands is expanding. First, there is a growth in the popularity of running and exercise as a means of maintaining good health, which has led to a rise in the demand for gear that makes running more pleasant and practical. Running belts are now more cosy, robust, and useful thanks to developments in materials and design. And lastly, the popularity of cellphones and other portable technology has raised the demand for running accessories that can safely handle these devices. As a result, it is anticipated that the market for running armbands will expand during the next few years.
COVID-19 Impact: Spike in Internet Buying Led to Increase in the Sales of the Armbands
Many turned to outdoor sports such as running to stay in shape and stay healthy since the pandemic shuttered many gyms and fitness centers. Running armbands and belts, which enable runners to carry items including water bottles, keys, and phones, saw a spike in demand as a result. As a result of individuals avoiding visiting physical establishments, the pandemic also caused a shift towards internet buying. Due to the fact that more and more individuals were choosing to purchase running belts and armbands online from e-commerce platforms, this led to an increase in their online sales. The market for running belts has benefited overall from the epidemic as a result of rising demand for these products.
Latest Trends
"Latest Improvements in the Belts Industry Provide Users with a More Secure and Pleasant Running Experience"
Running belts and armbands have recently undergone a number of advancements with the goal of enhancing user experience and catering to consumers' shifting wants. Reflective materials have become common in running belts, which increases their visibility in low light. For those who enjoy running in the early morning or late at night, this is crucial. Furthermore, some producers are adding LED lights to their jogging belts to increase visibility and safety when running at night. Rechargeable batteries and several light settings are frequently seen in these belts. Overall, these most recent advancements in belts for running are intended to give users a more convenient, secure, and comfortable running experience.
Running Belts and Armbands Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Men Type and Women Type
- By Application Analysis
Based on application, the market can be divided into Professional and Amateur
Driving Factors
"Benefits Offered by the Belts to Users is Increasing their Market Demand "
Running belts and armbands provide a practical method to transport necessities such as bottles of water, keys, and cellphones while exercising. They offer a hands-free option, letting users concentrate on their workouts without having to worry about hanging onto their possessions. Running armbands are also multipurpose devices that can be used for a range of sports and fitness pursuits, such as jogging, trekking, biking, and weightlifting. It is simple to locate a product that satisfies certain demands and tastes since they are available in a variety of sizes and styles.
"Market for Armbands is Expanding as Healthy Lifestyles and Outdoor Activities Become more Popular"
Running belts are among the sports and fitness accessories that are in increasing demand as more people get interested in living an active and healthy lifestyle. These items are a need for many fitness enthusiasts as they provide a practical method to transport necessities while exercising. The running belts and armbands market growth has also expanded in part due to the rising popularity of outdoor pursuits. Running armbands are a crucial piece of equipment for outdoor enthusiasts since these activities frequently call for the use of gear and accessories.
Restraining Factors
"Competition from Other Accessories is Affecting the Consumer Demand for the Running Belts"
Competition from other accessories including backpacks, waist pouches, and sling bags is one factor limiting growth in the market for running belts and armbands. In addition to being practical and convenient, these alternatives allow users to carry necessities while exercising or jogging. Since they offer greater space and might be more adaptable in their use, in some situations, consumers may choose these options. As a result, the market for running armbands may experience competition from other accessory options, which could affect consumer demand for them.
Running Belts and Armbands Market Regional Insights
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"Rising Demand for Fitness Accessories in the Region is Driving the North American Market"
First off, there is a sizable population of fitness fans in the area. The demand for fitness accessories including jogging belts and armbands has increased as a result of rising health and fitness awareness as well as the accessibility of facilities such as fitness centers and personal trainers. Due to this, there is now a sizable market in the area for these goods. The running belts and armbands market share in North America has expanded as a result of further developments in materials and design. Running armbands and belts are now more pleasant to wear due to the adoption of lightweight, ventilated, and sweat-resistant fabrics. Their usability and safety have also been enhanced by the addition of adjustable straps, reflective materials, and waterproofing.
Key Industry Players
"Key Players are Making Investments in R&D to Expand their Product Portfolio"
Top companies in the running belts and armbands industry are always adding new and cutting-edge running gear to their product lineup. They are making investments in R&D to create products that meet the changing demands of consumers. These firms hope to increase their market share by providing a wider variety of goods. In order to increase their consumer base, market participants are also developing strategic alliances with other companies in the sector, such as sports and fitness brands. They can tap into new markets and take use of each other's capabilities through these alliances.
List of Market Players Profiled
- Nike (U.S.)
- FlipBelt (U.S.)
- Griffin Technology (U.S.)
- Nathan (U.S.)
- SPIbelt (U.S.)
- Amphipod (U.S.)
- Giosport (Italy)
Report Coverage
This report covers the running belts and armbands market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.
Frequently Asked Questions
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Which are the driving factors of the running belts and armbands market?
Benefits offered by the belts to users is increasing their market demand and market for armbands is expanding as healthy lifestyles and outdoor activities become more popular are the driving factors of the running belts and armbands market.
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Which are the top companies operating in the running belts and armbands market?
Nike, FlipBelt, Griffin Technology, Nathan and SPIbelt are the top companies operating in the running belts and armbands market.
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Which region dominated the running belts and armbands market?
North America dominated the running belts and armbands market.