Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.95 Billion | USD 14.25 Billion | 6.70% | 2023 |
The global training protection belt market size was worth around USD 7.95 billion in 2023 and is predicted to grow to around USD 14.25 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.70% between 2024 and 2032.
A training protection belt is a securing equipment used during physical activities. These protective belts provide essential support and stability, thus preventing any form of injury during physical activity. Training protection belts are also used during physical therapy by patients suffering from injury or during post-surgery rehabilitation. The most common applications of training protection belts are witnessed during weightlifting in exercises involving squats or deadlifts.
Additionally, certain forms of combat sports also promote the use of training protection belts during training routines. The demand for protective training belts has increased in the last few years as more people are showing an inclination toward physical sports.
Additionally, the growing promotion of sports activities in schools and colleges has proven beneficial for the industry players. The industry players must focus on developing customized belts and integrating smart technology solutions for further expansion. However, a lack of consumer awareness and economic downturns could impact the training protection belt industry’s growth rate.
Increasing health consciousness among people to promote the market adoption rate
The global training protection belt market is projected to be led by the increasing health consciousness among people worldwide. A sedentary lifestyle is known to have severe repercussions on human health. According to an estimate published by the World Health Organization (WHO), around 60 to 85% of the world's population lives a sedentary lifestyle. Lack of physical activities in daily routine is associated with several mild to severe medical problems.
The most commonly observed health risks of an inactive lifestyle include obesity, cardiovascular diseases, osteoporosis, vein problems, cancer, and stroke. However, in recent times, more people have been opting for a healthy lifestyle, including joining a training center or other forms of physical activity. The rise in health consciousness among people can be attributed to several factories.
The regional governments and healthcare bodies have launched several health awareness-generating initiatives. For instance, the Indian Union Ministry of Health and Family Welfare launched three initiatives in June 2024. These programs include the launch of a dashboard for monitoring compliance with Indian Public Health Standards (IPHS), a spot food license & registration initiative for food vendors, and a Virtual National Quality Assurance Standards (NQAS) assessment for Ayushman Arogya Mandirs (AAM).
Growing number of physical training centers, even in remote areas creates more demand for training belts
The number of physical training centers globally has risen dramatically in the last 5 years. COVID-19 has impacted revenue among training center owners. However, the profit margins are steadily increasing, encouraging more brands to invest in novel ways of conducting physical training. In April 2024, Amped Fitness®, a rapidly growing independent fitness franchise chain, announced the launch of a state-of-the-art facility at its Tallahassee, Florida, location. The facility spans across 35,000 square feet. In June 2024, Torque Fitness USA launched its first training center in India in the Mohali region. The company has collaborated with LVL Up Gyms to train enthusiasts and professionals. Other forms of physical training primarily related to combat skills, such as martial arts training centers, have also gained high popularity among the masses. In June 2024, Novas Martial Arts Academy will sponsor 6 fighters aged 8 to 21 for the WKC World Championships that will be held in Portugal in October. Such events are expected to create demand in the global training protection belt market.
Lack of consumer awareness about the product and its efficient application will limit the industry’s growth rate
The global industry for training protection belts is expected to be restricted by the lack of consumer awareness about the efficient use of the product. Training protection belts have to be worn during specific times when undergoing training. They should be properly positioned for maximum results. Improper use of a training protection belt can lead to severe injuries. According to the Centers for Disease Control and Prevention, the industry lacks sufficient scientific evidence supporting the use of training protection belts for preventing any form of injury.
Higher demand for customized training protection belts will generate expansion opportunities
The global training protection belt market is projected to generate more revenue by offering customized belts. Market players must focus on using more comfortable and lightweight materials for the protection belts to provide support without being uncomfortable. More research must be directed toward innovating or discovering novel materials for training protection belt production. For instance, Cerberus, a leading producer of superior-grade fitness products, launched the Triple-Ply Deadlift Belt V3. The protective gear is specially designed for deadlifts. It is equipped with self-locking quick-release buckles, making it quicker and easier to use.
Additionally, it comes with a wider nylon-based center snap and the iconic CERBERUS Dogs Head logo. Market players can also focus on integrating training protection belts with smart technologies such as communication systems connecting the belt and smart wearable to alert the user about incorrect posture or pressure on specific body parts when wearing the belt. Integrating smart systems in training protection belts can help improve the overall performance of the user.
Intense market saturation to challenge further expansion rate
The global training protection belt industry is expected to be challenged by growing market saturation. Currently, the industry is filled with several companies including domestic players and international brands offering similar products. Oversaturation inhibits innovation and leads to price wars.
The global training protection belt market is segmented based on sales channel, type, and region.
Based on the sales channel, the global market segments are offline and online. In 2023, the highest growth was observed in the offline segment. Training protection belts prevent injuries during physical sports. Most users prefer to test the product before buying since the belt must meet their specific requirements depending on the training program. However, the revenue in the online segment is expected to grow considerably as the online shopping trend is on the rise. In 2023, the global health & fitness industry was valued at over USD 80 billion.
Based on the type, the training protection belt industry divisions are rehabilitation belt, combat sports belt, and weightlifting belt. In 2023, the highest demand was observed in the weight-lifting belt. The surge in the number of gym memberships is fueling the demand for training belts designed specifically for weight lifting. Additionally, protective gear for professional weight lifters is expensive leading to higher market revenue. High-end training belts generally cost over USD 300.
Report Attributes | Report Details |
---|---|
Report Name | Training Protection Belt Market |
Market Size in 2023 | USD 7.95 Billion |
Market Forecast in 2032 | USD 14.25 Billion |
Growth Rate | CAGR of 6.70% |
Number of Pages | 229 |
Key Companies Covered | Karam Industries, Honeywell, Guardian Fall Protection, Tractel, DBI-SALA (Capital Safety), Skylotec, Miller by Honeywell, SafeWaze, MSA Safety, Protecta (3M), Werner Co., 3M, Petzl, FallTech., and others. |
Segments Covered | By Sales Channel, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to continue leading the market growth rate during the projection period
The global training protection belt market is expected to be led by North America during the forecast period. The US and Mexico will lead the regional market demand rate according to research. The US has one of the highest numbers of gyms globally. These facilities are spread across over 40,000 locations. Mexico is the third largest country in terms of number of gyms. The US has a high obesity rate. Additionally, patients with cardiovascular conditions in the country are also increasing annually. The need to develop a more active lifestyle in the country has been the most frequent, leading to an increase in the number of gym memberships. In May 2024, Equinox, a leading luxury gym, announced a partnership with Function Health, a lab testing platform. The brands have jointly launched Optimize by Equinox, which will provide a comprehensive training program. The membership cost for the program is USD 40,000 annually.
Europe is a significant global training protection belt industry revenue shareholder. The regional presence of several key training equipment manufacturers helps the regional market grow. Additionally, growing investments in funding professional athletes to play at international levels encourage the use of training protection belts.
The global training protection belt market is led by players like:
By Sales Channel
By Type
FrequentlyAsked Questions
A training protection belt is a securing equipment that is used during physical activities.
The global training protection belt market is projected to be led by the increasing health consciousness among people worldwide.
According to study, the global training protection belt market size was worth around USD 7.95 billion in 2023 and is predicted to grow to around USD 14.25 billion by 2032.
The CAGR value of the training protection belt market is expected to be around 6.70% during 2024-2032.
The global training protection belt market is expected to be led by North America during the forecast period.
The global training protection belt market is led by players like Karam Industries, Honeywell, Guardian Fall Protection, Tractel, DBI-SALA (Capital Safety), Skylotec, Miller by Honeywell, SafeWaze, MSA Safety, Protecta (3M), Werner Co., 3M, Petzl and FallTech.
The report explores crucial aspects of the training protection belt market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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