Yoga Mat Market-Overview
Yoga Mat Market is estimated to reach USD 11.78 billion by 2030, growing at a CAGR of 5.40% from 2022 to 2030. The focus on wellness and health has increased considerably, and this is estimated to benefit the yoga mat market. The consumer and retail reports are made by Market Research Future, which includes market choices for development.
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 outlook in the approaching period.
Competitive Analysis
The fortifying effects of government policies are estimated further to reduce the achievement of future goals in the market. 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 key yoga mat market players 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).
Detailed Regional Analysis
The regional insight into the yoga mat market share 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.
Segmental Analysis
The segmental review of the yoga mat market 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.
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