Yoga Mat Market Overview: Poor Demand in Underdeveloped Countries, 2030
Yoga Mat Market Overview
The
consumer and retail reports are made by Market Research Future, which includes
market choices for development. A USD, 11.78 billion income, is projected for
the market by 2030 at a CAGR of 5.40%. The focus on wellness and health has
increased considerably, and this is estimated to benefit the yoga mat market in
2021.
The
improved quality and variations in yoga mats are estimated to reinforce further
the yoga mat market share in the forecast period. The eco-friendly and easily
recyclable qualities are predicted to additionally enhance the yoga mat market
in the approaching period.
Segmental Analysis
The
segmental review of the yoga
mat market report is carried out on the basis of type, end-user, distribution
channel, and region. On the basis of the distribution channel, the yoga mat
market is segmented into store-based and non-store-based. Based on the type,
the yoga mat market is segmented into rubber yoga mats, PVC yoga mats, TPE yoga
mats, cotton yoga mats. Based on the region, the yoga mat market is segmented
into Asia Pacific, North America, Europe, the rest of the regions in the world.
Based on the end-user, the yoga mat market is divided into adults and children.
Detailed Regional Analysis
The
regional insight into the yoga mat market includes Asia Pacific, North America,
Europe, the rest of the regions in the world. The Asia Pacific yoga mat
market held the biggest market segment and is anticipated to go on to be the
dominant player in the forecast period. The national market in India is leading
the Asia Pacific region as it has a high number of practitioners. The expanding
frequency of lifestyle diseases has directed to an emphasis on health and
fitness and the implementation of yoga and meditation. This is projected to
stimulate the development of the yoga mat market in the North American regional
market in the forecast period. The development of the yoga industry is also
backing the development of the market in the European region has a huge client
base for yoga mats. The growing number of yoga studios and yoga aficionados are
motivating the advance of the regional market. The European regional market is
projected to register the uppermost CAGR in the forecast period. A mounting
focus on health and fitness in the region is inspiring the implementation of
physical endeavors such as yoga, which is estimated to boost the yoga mat
market in the forecast period.
Competitive Analysis
The
fortifying effects of government policies are estimated further to reduce the
achievement of future goals in the yoga
mat market overview. It is estimated that the factors of the market that were
previously not leveraged will be employed to boost the potential of the market
in the approaching period. The rivalry in the market is estimated to take a
muted course in the progression of the forecast period. The focus on external
business factors is further estimated to create promising changes in several
areas of the market at a global level in the future. The market is likely to
evolve at a relatively stable pace in the course of the forecast period. The
benefactors in the market are likely to contribute in a consistent arable
manner to the growing requirement in the market. Also, the breakthroughs that
have come to fruition in the market are estimated to transform the overall
Market development through the coming years. The consumer demand which had
slackened due to the pandemic disruption is likely to gain its intensity for
growth in the future.
The
important companies in the yoga mat market are Shenzhen Haifuxing Technology
Co., Ltd. (China)-HFX, Outdoor GearLab LLC (US), Elysian (Taiwan), Shanghai
Eversuccess Industries Co., Ltd (China), Shanghai Fitness Sourcing Inc.
(China), Prana Revolution, Jiangxi Lveten Plastic Industry Co., Ltd. (China),
Kolckmann GmbH (Germany)-ako yoga, Hugger Mugger (US), Tapas, Eco-Rich, Earth
Elements, Shrine Sports Distributors (India)-Stag, Jade Yoga (US), Liforme Ltd
(UK), Mandala Yoga Mat (US), Aerolite (India), Hefei Bodyup Sports Co., Ltd.
(China) and Microcell Composite Company (Taiwan).
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