Yoga Mat Market -Overview:
The focus on healthy living among consumers is estimated to promote the yoga mat market advancement. The consumer and retail reports are made by Market Research Future, which includes market options for expansion. The market is projected to cross USD 11.78 Billion by 2030 with the support of a CAGR of 5.40% in the forecast period.
The increased exposure to healthy standards of living is estimated to increase, and this is estimated to spur the Yoga Mat Market share in the forecast period. The mushrooming number of yoga institutes in different regions is further likely to benefit the market for yoga mats in the forthcoming period.
Segmental Analysis:
The segmental study of the yoga mat market is conducted on the basis of type, end-user, distribution channel, and region. On the basis of type, the yoga mat market is segmented into rubber yoga mats, PVC yoga mats, cotton yoga mats, and TPE yoga mats. Based on the distribution channel, the yoga mat market is segmented into store-based, such as hypermarkets, specialty stores, and supermarkets, and non-store-based. Based on the region, the yoga mat market is segmented into Europe, Asia-Pacific, North America, and other prominent regions. Based on the end-user, the yoga mat market is split into adults and children.
Detailed Regional Analysis:
The regional study of the yoga mat market is segmented into Europe, Asia Pacific, North America, and other prominent regions. The Asia Pacific yoga mat market held the principal market portion of the global market in the forecast period. As yoga was devised in India, the nation has an advanced number of practitioners. The intensifying incidence of lifestyle diseases has directed towards an emphasis on health and fitness and the implementation of yoga and meditation in the Asia Pacific regional market. This influence is projected to energize the evolution of the yoga mat market in the North American region during the forecast period. The European region has a significant customer base for yoga mats. Thus, the collective number of yoga studios and yoga buffs are motivating the evolution of the yoga mat market in the region. The European regional market is projected to register the peak CAGR throughout the forecast period. A rising emphasis on health and fitness in the region is inspiring the implementation of physical activity such as yoga, which is projected to lift the progress of the yoga mat market throughout the forecast period.
Competitive Analysis:
The market is estimated to exhibit a resurgent phase of development in the impending period. The market is also foreseen to take significant strides to achieve major digital investments in areas such as AI engineering and distributed cloud. The unprecedented socioeconomic challenges are estimated to have a noticeable effect on the global market in the duration of the forecast period. The incorporation of digitalized processes in businesses is predicted to spur the market in the impending period. The organizations are likely to improve their response time and reaction to crisis considerably in the upcoming years regarding the current situation created by the global pandemic. The stimulating effect of analytics to business value is estimated to encourage innovation and more strategically plans in the forthcoming period. The impact of automation is estimated to trickle to virtually every area of business operation and fostering the development of the global market in the forecast years. The gradual growth in the bottom-line results is estimated to be conducive to the market players plans for the future.
The global Key Yoga Mat Market Players are:Kolckmann GmbH (Germany), Hugger Mugger (US), Shenzhen Haifuxing Technology Co., Ltd. (China), Jade Yoga (US), Liforme Ltd (UK), Mandala Yoga Mat (US), OutdoorGearLab LLC (US)-Prana Revolution, Aerolite (India), Shanghai Eversuccess Industries Co., Ltd (China), Shanghai Fitnessourcing inc. (China), Shrine Sports Distributors (India), Hefei Bodyup Sports Co., Ltd. (China), Elysian (Taiwan), Microcell Composite Company (Taiwan), and Jiangxi Lveten Plastic Industry Co., Ltd. (China).
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