Global Hydration Belt Market Overview, Driving Factors, Key Players and Growth Opportunities by 2024

(IT-NEWSWIRE.COM, July 09, 2019 ) As per the latest report by IMARC Group, titled “Hydration Belt Market Research Report and Forecast 2019-2024”, the global hydration belt market size reached US$ 2.6 Billion in 2018. Hydration belts are a type of sports gear used for storing water during outdoor activities such as running, jogging and cycling. Water plays a pivotal role in lubricating joints, transporting nutrients, maintaining a balance of body fluids and regulating the body’s temperature. While performing physical activities, inadequate hydration may lead to syncope, headaches and muscle cramps, owing to which, athletes and sports enthusiasts utilize hydration belts to keep themselves hydrated. These belts assist in sufficing the water intake requirements of users without distracting them from the activity. Since these belts are lightweight, comfortable and offer convenience, they are gaining traction among both professional and amateur runners and cyclists around the world.

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Global Hydration Belt Market Trends:

On account of the rising prevalence of lifestyle diseases, individuals across the globe are becoming more aware of the benefits associated with regular exercise and other activities such as jogging, running and cycling. Moreover, manufacturers are introducing these belts in different sizes and colors with features for enhancing their functionality. For example, hydration belts are nowadays available with additional space and detachable pockets for keeping replacement fluids, cash, smartphones and other essential items. Manufacturers are also employing lightweight, water-resistant materials to design leak-proof variants as well as introducing different products for shorter and longer distances. This is anticipated to impel the growth of the market in the upcoming years. Looking forward, the market is projected to reach a value of US$ 3.2 Billion by 2024, expanding at a CAGR of 3.5% during 2019-2024.

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Market Summary:

Market Breakup by Product Type:

1. With Bottles

2. Without Bottles

Based on the product type, the market has been bifurcated into belts with and without bottles.

Market Breakup by Distribution Channel:

1. Supermarkets and Hypermarkets

2. Specialty Sports Shops

3. Company Outlets

4. Online

5. Others

On the basis of the end use, the market has been classified into sports, military and others. Currently, the sports segment accounts for the majority of the total market share.

Market Breakup by End-Use:

1. Sports

2. Military

3. Others

The market has been analyzed on the basis of the distribution channel into supermarkets and hypermarkets, specialty sports shops, company outlets, online and others. Presently, specialty sports shops exhibit a clear dominance in the market.

Market Breakup by Region:

1. North America

2. Europe

3. Asia Pacific

4. Middle East and Africa

5. Latin America

Region-wise, the market has been segmented into Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. Amongst these, North America is the leading market, holding the majority of the global share.

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Competitive Landscape:

The competitive landscape of the market has been examined with some of the key players being Amphipod, FuelBelt, Nathan Sports, Ultimate Direction, CamelBak Products, Decathlon, Fitletic, Salomon and The North Face.

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Global Hydration Belt Market Overview, Driving Factors, Key Players and Growth Opportunities by 2024