The MarketWatch News Department was not involved in the creation of this content.
Jan 20, 2021 (The Expresswire) —
The global Yoga Mat Market report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global Yoga Mat Market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.Yoga Mat Market size is forecasted to reach the Highest Revenue by2027.
The global Yoga Mat Market is estimated to gain traction from the increasing investments by renowned companies,Jade Yoga, Hugger Mugger, Alo Yoga, Lululemon Athletica, Manduka, prAna, Liforme Ltd., Khataland, Gaiam, Yoga Direct, Sugin the development of state-of-the-art products. The Yoga Mat Market size is expected to reach highest USD market value till 2027. Fortune Business Insights mentioned this information in a new report, titled “Yoga Mat Market Size, Share and Industry Analysis, By Product Type (Sticky Yoga Mats, Natural Rubber Yoga Mats, Plastic Elastomer Yoga Mats, Cotton and Hemp Yoga Mats and Others), By Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online Channels, Others), By End-User (Health and Fitness Clubs, Households, Schools and Corporates, Public Seminars and Events) And Regional Forecast 2020-2027,” Furthermore, the market is anticipated to exhibit the highest CAGR during the forecast period 2020 to 2027
This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.
Some of the Key Players of theYoga Mat Marketinclude:
- Jade Yoga
- Hugger Mugger
- Alo Yoga
- Lululemon Athletica
- Liforme Ltd.
- Yoga Direct
- La Vie Boheme Yoga
- Barefoot Yoga
- Trimax Sports
COVID-19 Pandemic to Constitute a Call to Action for theYoga Mat Market
The emergence of the COVID-19 pandemic is compelling the key players to rethink their portfolio priorities and to raise their exposure to the growing channels. It will necessitate greater use of mergers and acquisitions, as well as dynamic resource allocation for enhancing their portfolios. The regulatory bodies of several developed and developing nations have implemented stringent lockdown and social distancing measures to prevent transmission of the coronavirus. Therefore, most of the restaurants are on the verge of shutting down permanently.
The grocery volumes surged with pantry loading in the initial phase. Through this period, start-up companies struggled to pivot, while large companies concentrated on top lines and mobilized their supply chains. At present, several consumers are generating a shock to loyalty by changing their primary grocery store. This has opened the door to multiple opportunities for prominent companies to reassert the benefits of scale in the supply chain and to get closer to the consumers. However, this pandemic is persistently boosting consumer demand for reliance and value on digital.
Get Sample PDF Brochure with Impact of COVID19:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/yoga-mat-market-104441
Few of the most significant trends present in this market are:
- Shifting Demographics
- Altering Tax Regimes
- Concerns Regarding Health and Wellness
- Concentration and Modernization of Trade
- Rising Number of Digital Consumers
- Shift of Consumers towards Organic Products
Market Drivers and Restraints:-
Rising awareness regarding yoga and spiritual practices and their benefits is expected to drive the market growth.
Technology is considered to be a vital factor for the growth of the consumer goods industry. The proportion of sales through e-commerce platforms may reach a tipping point in the forthcoming years. Manufacturers are striving to shift their large consumer bases towards online platforms, thereby enabling them to customize products and conduct transactions on branded websites. Some of the others are making strategic choices on whether to follow suit. PandG, for instance, is running its own commercial website. The demographic changes, on the other hand, would enable manufacturers to discover unique ways for meeting the surging needs of geriatric population. Unilever, for instance, introduced its latest range of hair-care products, skin-care products, and deodorants called Pro-Age. The company’s target audience is female consumers belonging to the age group of 54 and 63 years.
Fluctuating prices of the raw materials is anticipated to restrain market growth.
As per the report, North Americais expected to remain in the leading position in the global Yoga Mat Market in the coming years. Besides, the report delivers elaborate profiles of the most reputed manufacturers operating in the Yoga Mat Market .
By geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa.
North America region is expected to hold a major share in the market owing to the large spending of the consumers for yoga and fitness related products in countries such as the United States, and Canada. According to the Global Wellness Institutes, US consumer spending for mindful movement activities such as yoga, tai chi, qigong, pillates, bare and other activities has increased to USD 10.4 billion in 2018. Moreover, the increasing number of fitness and yoga centres in the region results in the increasing consumption of yoga mats. According to the International Council of Shopping Centres (ICSC), the number of fitness centre enterprises in the US was 86,996 in 2009 and is grown to 102,344 in 2018. The presence of the higher-income group of peoples is prominently driving the market growth in the region.
Asia Pacific region is projected to grow at a faster rate owing to the higher rate of the growing population in countries such as India and China. Also, increasing the consumption of the hybrid cotton material in the region is likely to increase the production of the yoga mats made up of hybrid cotton materials and drives the market growth. According to the Ministry of Textiles, Government of India, cotton material consumption in India in the year of 2017-18 has increased to 319.06 lack bales than that of 310.41 lack bales in 2016-17. Moreover, rising yoga coaching classes through online or physical modes is likely to increase the demand during their fitness activities. For instance, as of March 2020, in India, total of 13,000 new users have downloaded FITTR yoga and fitness application. This sharp rise in the number of downloads is due to the growing awareness of the physical fitness among users during the period of the COVID-19 pandemic outbreak.
Segmentation ofYoga Mat Market :-
- Sticky Yoga Mats
- Natural Rubber Yoga Mats
- Plastic Elastomer Yoga Mats
- Cotton and Hemp Yoga Mats and Others
By Distribution Channel
- Hypermarkets and Supermarkets
- Specialty Stores
- Online Channels
- Health and Fitness Clubs
- Schools and Corporates
- Public Seminars and Events
- North America (U.S., Canada, and Mexico)
- Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East and Africa (South Africa, UAE, and Rest of MEandA)
Inquire Before Buying This Research Report:https://www.fortunebusinessinsights.com/enquiry/queries/yoga-mat-market-104441
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
The report provides in-depth information of consumer goods and their demand by evaluating the consumer buying behavior. It further offers an analytical depiction of the market, along with the most recent trends. Additionally, it consists of future estimations to depict prominent investment pockets. Our team of highly skilled analysts has used the Porter’s five forces analysis to illustrate the potency of the suppliers and buyers in the market. It has also utilized secondary resources, such as journals, press releases, and other similar documents to provide an elaborate analysis of the market. The overall market opportunity is determined by understanding the profitable trends in order to gain a robust foothold. Lastly, it presents data associated with challenges, dynamics, drivers, and hindrances of the market.
Consumer goods are intended for everyday consumption. They cover several product portfolios, such as non-food and food categories in order to fulfil the unmet needs. The industry is flourishing rapidly owing to the rising demand for fast-moving consumer goods (FMCGs), such as cosmetics, over-the-counter drugs, processed food and beverages, footwear, household cleaning products, toiletries, and pet-care products. Consumer durable goods, on the other hand, require few repeat purchases as they have longer lifespans. Such goods include leisure equipment, kitchen appliances, and electronic goods. For progress and survival, the market is dependent on advertising through various media, as well as retail outlets, namely, online platforms, malls, discount stores, and franchise stores.
It further answers the following questions:
- What is overall industry outlook and upcoming trends that will influence the market growth?
- Which other factors are driving and restraining the market?
- How has the market been segmented?
- How are changes in regional dynamics impacting the growth of the market?
- Who are the top companies in the market and what are their key strategies?
Browse Complete Summary of research:https://www.fortunebusinessinsights.com/yoga-mat-market-104441
Yoga Mat Market Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
- New Advancements in Production Technologies
- Key Trends in the Synthetic Pyrethroids Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
KEY INDUSTRY DEVELOPMENTS:-
- March 2017-Manduka, a high performing yoga accessory maker has launched high quality and cost-effective yoga mats for yogis and athletes.
- January 2020-Target launched an activewear brand ‘All in Motion’ that consists of a wide range of activewear products such as leggings, yoga mats, hand weights, and many other products to provide an efficient exercise solution to the consumers.
Have a Look at Related Press Release:
Hair Styling Tools Market Size, Share and COVID-19 Impact Analysis, By Product Type (Manual and Electric (Dryer, Straightener, Curler, and Others)), Application (Household and Commercial), Distribution Channel, and Regional Forecast, 2020-2027
North America Hand Sanitizer Market Size, Share and COVID-19 Impact Analysis, By Product Form (Foam, Gel, Spray, and Others), Type (Alcohol-Based Sanitizer and Alcohol-Free Sanitizer), End-User (Schools, Restaurants, Hospitals, Households, Office Buildings, and Others), and Regional Forecast, 2020-2027
Smart Mask Market Size, Share and Industry Analysis, By Product Type (Respirators, Surgical Masks, Anti-pollution Masks, Face Shields), By Distribution Channel (Hypermarkets and Supermarkets, Pharmacy Stores, Online Stores, Others), By End-User (Hospitals and Clinics, Households, Industries, Others) And Regional Forecast 2020-2027
Smart Fridge Market Size, Share and Industry Analysis, By Product Type (Reusable bags, Non-Reusable Bags), By Material (Paper, Cotton , Plastic, Jute and Hemp and Others), By Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Online Stores, Others) And Regional Forecast 2020-2027
Get your Customized Research Report:https://www.fortunebusinessinsights.com/enquiry/customization/yoga-mat-market-104441
Fortune Business Insights™offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Yoga Mat Market Global Industry Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast to 2026: Fortune Business Insights
The MarketWatch News Department was not involved in the creation of this content.