Main gamers within the yoga mat market are Jade Yoga, Manduka LLC, Hugger Mugger Yoga Merchandise, Liforme Ltd, Barefoot Yoga Co, Fabrication Enterprises Inc. , Accent Arcade, Ningbo Mylon Rubber & Plastic Co Ltd, Winboss Worldwide Co Ltd, Xiamen Sanfan Sports activities Merchandise Co Ltd, and Hefei Bodyup Sports activities Co Ltd.
New York, July 09, 2021 (GLOBE NEWSWIRE) — Reportlinker.com proclaims the discharge of the report “Yoga Mat World Market Report 2021: COVID-19 Progress And Change” – https://www.reportlinker.com/p06103726/?utm_source=GNW
The worldwide yoga mat market is anticipated to develop from $9.97 billion in 2020 to $10.76 billion in 2021 at a compound annual progress charge (CAGR) of seven.9%.The expansion is especially because of the growing well being consciousness amongst customers and the rising prevalence of way of life illnesses and weight problems. The market is anticipated to succeed in $13.49 billion in 2025 at a CAGR of 5.8%.
The yoga mat market consists of gross sales of yoga mats by entities (organizations, sole merchants, and partnerships) which might be engaged in manufacturing and promoting yoga mats.Yoga mats are additionally generally often called non-slip mats, non-skid mats, or sticky mats.
These mats are specifically fabricated mats used to accommodate the physique of an individual whereas practising yoga to forestall fingers and toes from slipping throughout practising yoga.
The primary sorts of supplies used to fabricate yoga mats contains pure rubber, polyvinyl chloride, polyurethane, thermoplastic elastomer, others. The yoga mats are broadly accessible for purchasers by means of varied channels resembling e- commerce, grocery store and hypermarket, specialty retailer and are utilized by yoga & health golf equipment, family, others.
Asia Pacific was the biggest area within the yoga mat market in 2020. The areas coated on this report are Asia-Pacific, Western Europe, Japanese Europe, North America, South America, Center East and Africa.
The fluctuation in uncooked materials costs is acted as a restraint for the yoga mat market within the historic interval.The uncooked supplies like polyvinyl chloride (PVC), thermoplastic elastomer (TPE), and polyurethane (PU) used to fabricate yoga mats are some polymers that are derived from oil.
The volatility in oil costs impacts the prices of those uncooked supplies instantly.As an example, the value of Brent Crude elevated by over 70% from $45 per barrel in 2017 to $80 per barrel in 2018.
The excessive oil costs elevated value of producing for yoga mats and thus acted as a restraint for the yoga mat market.
In December 2020, Thrasio, a USA-based shopper merchandise firm introduced the acquisition of Maximo Health for $200 million.With the acquisition of Maximo Health, Thrasio plans to develop the patron merchandise portfolio of the corporate within the UK.
Maximo Health is a UK-based firm that’s into manufacturing, designing, and supplying fitness center and way of life merchandise together with train mat/yoga mats.
The growing reputation of yoga is anticipated to drive the expansion of the yoga mat market within the forecast interval.The surge within the apply of yoga throughout the globe is producing increased demand for specialised gear and equipment resembling yoga mats.
Based on the US Yoga Inhabitants Statistics, about 55 million American individuals have been estimated to apply yoga in 2020, with 72% of the feminine practitioners.Furthermore, People spend roughly $16 billion on yoga gear, courses, clothes, and equipment.
Due to this fact, the rise within the reputation of yoga is boosting the demand for the yoga mat market.
The launch of eco-friendly merchandise is a key pattern within the yoga mat market.Main firms are specializing in manufacturing eco-friendly mats to draw extra clients and survive within the aggressive enterprise surroundings.
As an example, in August 2020, Natural Apoteke, a UK-based firm launched an eco-travel yoga mat.The eco-travel yoga mat is biodegradable, odor-resistant, and antimicrobial.
It has a moist grip floor which helps to take care of steadiness whereas practising yoga.
The international locations coated within the yoga mat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
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