Running Belt with Water Bottle Market Segmented By Activities such as Running, Cycling, Hiking used in Sports and Military by Men, Women
Industry: Consumer Goods
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32770
The running belt with water bottle market is set to witness a CAGR of 5.0% during 2021-2031. A running belt is a piece of equipment developed for athletes or runners to help them carry water and stay hydrated while participating in outdoor sports like cycling and running.
While working out or training, the human body loses a lot of water, which can cause headaches, muscle cramps, and syncope. Running belts meet the needs of users without distracting them from their training, as carrying water bottles can be extremely inconvenient.
One of the main factors projected to support the growth of the worldwide running belt with water bottle business is the growing awareness among health-conscious individuals around the world is predicted to encourage physical activity, which will expand the adoption of the running belt with water bottle.
Intense physical activity dehydrates the body, which can cause muscle weariness, dizziness, intense thirst, dry skin, and headaches. As a result, demand for running belts with water bottles will increase, propelling the market forward.
Furthermore, customers will also choose a running belt with a water bottle to reduce the occurrence of the aforementioned issues. Traditionally, electrolyte-added water is used to restore electrolyte balance after physical activity. Running belts with water bottles are in high demand because it is medically recommended to drink modest amounts of fluids frequently rather than huge amounts all at once.
Smartphones, like water, are increasingly considered a necessary aspect of existence. In previous years, market participants offered running belts with only one pocket for water bottles, but as time has passed, manufacturers have shifted their focus to offering running belts with two pockets, one for water bottles and the other for smartphones.
For example, AiRunTech's No-Bounce Hydration Belt has two pockets: one for the smartphone and the other for the keys,or any other small items that could scratch the phone.
There's also a gap through which the wire for the ear buds or headphones can be pulled, allowing customers to listen to music while running or walking without having to worry about their phone sliding out of their back pocket. In addition, producers are inventing leak-proof variations and using lightweight materials in the fabrication of these belts.
Furthermore, growing research and development efforts to improve the basic characteristics of running belts, such as durability and comfort, are expected to propel the market forward. Such offering entice the customer to buy running belt with water bottle.
The world economy was affected by the COVID-19 pandemic in major ways such as direct effects on production and trade, supply - chain management and economic downturn, and monetary loss to businesses. Regulations imposed by the government on outdoor and leisure activities affected the overall running belt with water bottle business.
Furthermore, during the epidemic, import and export restrictions, as well as the closure of various sports clubs, gardens, gyms were all closed. As a result of the epidemic's government limitations and tight lockdown, the manufacturing process had been suspended due to a labor shortage.
North America is expected to be the largest regional market for running belts with the highest growth throughout the projection period. In the United States, millennials' preferences for sporting activities are on the rise.
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 certain health clubs. It was also discovered that both men and women were committed to going to the gym on a regular basis. Such activities propel the demand for running belt with water bottle in the region.
The growing popularity of high-intensity sports such as cycling, rowing, canoeing, kayaking, triathlon, and speed skating among young people in industrialized economies such as Germany, Russia, and the United Kingdom is driving demand in the regional market. In addition, the increased competitiveness among most countries to win at the Asiad and Olympic Games is resulting in an increase in the number of athletes.
Most European countries, such as the United Kingdom, Germany, and Italy, have consistently excelled at rowing at the international level. As a result, the utility of running belts with water bottles is likely to grow as government funding and young people's interest in sports grow.
Furthermore, according to the International Health, Racquet & Sports Club Association, Germany ranks second in health club membership with around 11.7 million members, followed by Germany and the United Kingdom, which both produced roughly US$6.2 billion in revenue in 2019. As the rate of memberships among consumers in the region rises, the market for water-resistant running belts is projected to rise.
Some of the leading suppliers of running belt with water bottle include
By Activities
By End Use
By Consumer Orientation
By Sales Channel
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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