Key Insights from the Report
Participation Rate in Gymnastics Witnessing an Increase Owing to the Pervasive ‘Recreational Activity’ Trend
Sales of gymnastics equipment is largely influenced by growing investment of individuals in recreational sporting activities. Fast paced lifestyle of people has triggered increasing participation of individuals in various recreational activities and gymnastics are no exception. Gymnastics as a recreational activity, has gained significant traction with an increasing number of people inclined toward participating in the sport at the global front. For instance, according to analysis of the Gymnastics Trade Association, more than 1.6 million residents from United States alone participated in gymnastics for recreation as well as on a competitive front in 2016 and the number is likely to increase in the coming years. Moreover, SFIA (Sports and Fitness Industry Association) reveals that participation in gymnastics as a recreational sporting activity is expected to gain popularity in the forthcoming years with around 84 percent core gymnastics enthusiasts being females. Rising popularity of gymnastics as a recreational activity is expected to fuel the demand for various gymnastics equipment, in turn supporting growth of the gymnastics equipment market during the period of forecast.
Significant Increase in Sales of Gymnastics Equipment on the Back of Mushrooming Gymnastics Clubs
Realizing the benefits of gymnastics exercises and activities, gymnastics clubs are focusing on adding various activities in their facilities which is expected to drive the demand for gymnastics equipment such as high bars, horizontal bars, vaults and balance beams. This factor, coupled with mushrooming gymnastics clubs across regions in the globe is expected to complement the growth of the gymnastics equipment market during the period of forecast. According to the Federation Internationale de Gymnastique (FIG), a 5 percent increase in gymnastics clubs were recorded in 2016 and the gymnastics club industry is expected to further increase on the back of increasing participations and registrations. Rising number of gymnastics clubs is expected is expected to push the sales, thereby complementing growth of the gymnastics equipment market.
Championship Initiatives are an Effective Platform for Gymnastics Equipment Promotion
Demand for gymnastics equipment is likely to witness a steady increase with increasing number of championship initiatives worldwide. Several non-profit organizations and authorities are focusing on promotion of gymnastics equipment using gymnastics championships as a major platform. Apart from recreational quotient, this initiative has given a competitive touch to the sport, in turn supporting sales of gymnastics equipment worldwide. Moreover, championship initiatives have also pushed individuals to participate in national and international events which is expected to significantly contribute to the growth of the gymnastics equipment market. Recently, the Federation Internationale de Gymnastique (FIG) has announced its initiative to conduct gymnastics championships in China in November 2018. Similarly, the International Gymnastics Federation has also initiated Academy Level 2 Championships in Uzbekistan by inducing a premium touch to the event in a bid to attract participants and enthusiasts. This factor is expected to fuel demand and sales of advanced gymnastics equipment in the coming years, in turn augmenting growth of gymnastics equipment market.
Social Media Playing a Major Role in Influencing Youth Participation in Gymnastics
Pervasiveness of social media is expected to fuel the demand for the gymnastics as a fitness sport, consequently complementing sales of gymnastics equipment worldwide. Widespread reach of social media platform is likely to trigger enhanced participation of individuals in the sport, which is expected to spur sales of gymnastics equipment. Several documentaries, shows and films highlighting advantages of gymnastics embossing a significant impact on youth, which is poised to further increase the demand for gymnastics equipment worldwide.
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About the Report
The report on “Gymnastics Equipment Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2028” provides an unbiased compilation on various insights gleaned using an extensive data analysis. Statistics and data in the gymnastics equipment market report are obtained using an exquisite methodology that enhances the accuracy of the research consequently enhancing the report credibility. The gymnastics equipment market report covers assessment on several facets including analysis on various types of gymnastics equipment used along with their respective market shares. It also includes assessment on various channels that contribute to the sales of gymnastics equipment across key regions in the globe. The regional outlook of the gymnastics equipment market includes a country level breakup that assists identifying key revenue pockets across the globe. Key stakeholders in the gymnastics equipment market can use the data and insights on regional assessment to tap new regions with high potential. The segmental snapshot of the gymnastics equipment market includes historical data assessment, current scenario as well as future projections for a period of 10 years, from 2018 till 2028. The gymnastics equipment market report includes year-on-year growth rate, global and segmental CAGRs, opportunity assessment, absolute dollar opportunity, investment feasibility matrix, PESTLE analysis, Porter’s five forces model and price point assessments.
The gymnastics equipment market report highlights various trends, drivers, and restraints impacting the demand and sales of gymnastics equipment. In-depth opportunity analysis and impact analysis on gymnastics equipment market can be used by the reader to enhance profitability. The report also covers information on major players participating in the gymnastics equipment market along with their key aspects.
Gymnastics is sporting activity that is a combination of agility, strength, coordination, endurance, flexibility and balance. Gymnastics events are regulated by Federation Internationale de Gymnastique (FIG). Each country has a spate body governing gymnastics that are affiliated to Federation Internationale de Gymnastique. Gymnastics equipment are essentially those used while carrying out gymnastics activities. There are various types of gymnastics equipment, such as balance beams, vaults, rings, floor, pommel horse and athletic bars.
Additional Questions Answered
The extensive report on gymnastics equipment market is an ocean of information providing answers on various growth influencing factors. The report answers additional questions including:
- What is the demand of pommel horse in the gymnastics equipment market?
- Which is the most used gymnastics equipment across the globe?
- Can uneven bars sales outpace the parallel bars counterparts in the coming years?
- Which is most lucrative sales channel in gymnastics equipment market?
- At what rate would demand for gymnastics equipment grow across CIS & Russia, Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA)?
To know several insights with detailed impact analysis on gymnastics equipment market, get in touch with our analysts
The report on gymnastics equipment market includes an in-depth analysis on every segment of the market. Comprehensive analysis on gymnastics equipment market provides complete scrutiny on every aspect of gymnastics equipment delivering a 360 degree holistic outlook to the reader. In addition, in-depth segmentation of gymnastics equipment market offers detailed analysis of the influence of every segment on the market’s growth during the assessment period. The gymnastics equipment market is segmented on the basis of product type, sales channels and region. Analysis on various product types such as athletic bars (parallel bars, uneven bars and high bars), pommel horse, rings, balance beam, vault and floor. Various sales channels such as modern trade channels, VARs, direct to customer channels and third party online channels have been assessed that provide intelligence on the most efficient distribution channels in gymnastics equipment market. In addition, the report on gymnastics equipment market also covers information on sales and demand scenario of gymnastics equipment across key regions such as North America, Latin America, Europe, CIS & Russia, Asia Pacific (APAC) and Middle East and Africa (MEA). Country level analysis is also included in the report highlight assessment on United States, Brazil, Mexico, EU-4, United Kingdom, Benelux, Greater China, India, Japan, South Africa and Israel.
Note: The gymnastics equipment market report also covers insights on other countries including Canada, Argentina, Nordic, South Korea, ASEAN and North Africa.
The gymnastics equipment market report provides a complete intelligence package to the reader by providing valuable insights on the key players involved in the manufacturing and distribution of gymnastics equipment. This chapter in the report provides assessment on key aspects such as product portfolios, SWOT analysis, key personnel, company overview, market shares, recent innovations and developments in design, and growth strategies. Key companies operating in gymnastics equipment market include ABEO SA, Marty Sports, Norberts Athletic Products Inc., Mizuno Corporation and American Athletic Inc.
France-based ABEO SA is working on consolidating its position in the sports equipment industry, as it aims to achieve a revenue base of €300 by the end of 2020. The ‘buy and build’ strategy of ABEO has led to the acquisition of many prominent companies, including Erhard Sport (Germany), Sportsafe (United Kingdom), Clip'n'Climb International (New Zealand), Meta (Germany), and Shandong Kangnas (China). Mizuno Corporation, another leading player in the sporting goods equipment market, is focusing on increase its net revenues in the Americas and EMEA. The company is heavily dependent on Japanese market for its overall revenue share, with the country accounting for over two-third revenue share. CSR and branding activities also remain a key focus area for sports equipment companies, with American Athletic Inc., one of the key players in gymnastics apparatus in the US, partnering with USA Gymnastics through 2022. Other stakeholders in the market are focusing on increasing awareness among consumers through CSR and marketing campaigns.
Know more about the complete competition landscape to explore key strategies used by market pioneers
The report on gymnastics equipment market includes compilation on various insights that are garnered using an exclusive research process. Being a combination of primary and secondary research methods, this process enables gleaning of highly accurate data and statistics on gymnastics equipment. Numerous interviews with opinion leaders, key stakeholders, market observers and subject matter experts are carried out to obtain a thorough understanding of the gymnastics equipment market. Data gathered from primary, secondary and paid sources is triangulated using which qualitative and quantitative assessment on gymnastics equipment market is drafted providing an unbiased intelligence report to the reader’s perusal.
“Gymnastics Equipment Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2028” is an extensive research that delivers key insights on several market segments along with actionable intelligence apropos to the adoption of gymnastics equipment across various industries. The gymnastics equipment market report offers historical data along with forecast estimations that are represented in US$ Mn in terms of value during 2018-2028. The report on gymnastics equipment market includes analysis various dynamics and growth impacting factors such as trends, drivers, opportunities and restraints across key regional markets worldwide. The gymnastics equipment market report is a systematic compilation of various facets covered chapter wise as detailed below.
Chapter 1 – Executive summary
This chapter of the gymnastics equipment market report covers market summary, analysis on megatrends in the gymnastics equipment market, market white spaces and Fact.MR view point on the use and demand of gymnastics equipment worldwide.
Chapter 2 – Market Overview
This chapter includes definition of the gymnastics equipment and a brief introduction of the gymnastics equipment market. The chapter also includes the scope of study including a detailed taxonomy of the market.
Chapter 3 – Sport and Gymnastics Industry Outlook
This chapter of the gymnastics equipment market report covers insights on historic sports participation during 2010-2016 timeline that highlights various sports such as racquet sports, individual sports, team sports, outdoor sports, water sports, winter sports and fitness sports. It also covers participation analysis by age groups and significance of gymnastics. Analysis on gymnastics events and gymnastics clubs has also been included in his chapter.
Chapter 4 – Gymnastics Equipment Market – Key Indicators Assessment
The chapter includes various dynamics influencing growth of the gymnastics equipment market. Various factors such as drivers, restraints and trends are covered in this section. Moreover, it provides assessment on forecast factors, impact analysis, investment feasibility matrix, wheel of fortune and opportunity analysis, supply chain analysis, PESTLE analysis, Porter’s five forces model and region wise assessment. It also describes demand for gymnastics equipment in terms of a likely, conservative and optimistic scenario.
Chapter 5 – Gymnastics Equipment Market – Price Point Analysis
The chapter in the gymnastics equipment market report includes detailed price point assessment on every region and country along with product types of gymnastics equipment. This provides insights on pricing of gymnastics equipment products across regions along with pricing competition across countries.
Chapter 6 – Gymnastics Equipment Market Analysis and Forecast
This chapter covers gymnastics equipment market outlook in detail by providing market value forecast and analysis, price index and price point assessment, and regional sales assessment. Regional sales assessment includes market value share by region, market year-on-year growth comparison across regions and market attractiveness. This chapter also covers analysis and forecasts by product type and sales channel.
Chapter 7 – North America Gymnastics Equipment Market Analysis
This extensive chapter includes assessment on demand and sales of gymnastics equipment across key countries of Canada and the United States along with assessment on all market segments in North America region.
Chapter 8 – Latin America Gymnastics Equipment Market Analysis
The chapter focuses on Latin America business outlook along with forecast analysis on market segments across major countries in the region. It also includes year-on-year growth assessment and market attractiveness analysis by countries.
Chapter 9 – Europe Gymnastics Equipment Market Analysis
The chapter in the gymnastics equipment market report includes assessment on several product types of gymnastics equipment along with lucrative sales channels. It also covers business outlook in the region across western and eastern European countries.
Chapter 10 – CIS & Russia Gymnastics Equipment Market Analysis
The chapter focuses on gymnastics equipment market outlook in CIS and Russia along with analysis on various dynamics influencing demand in the region. All value projections (in US$ Mn) for gymnastics equipment products and distribution channels is included in the chapter.
Chapter 11 – Asia Pacific (APAC) Gymnastics Equipment Market Analysis
APAC gymnastics equipment market assessment has been covered in the chapter. It includes analysis on market segments across emerging economies of Asia Pacific along with key metrics assessment for the said period.
Chapter 12 – Middle East and Africa (MEA) Gymnastics Equipment Market Analysis
Country wise assessment on gymnastics equipment market in Latin America region along with year-on-year growth rates of every segment is covered in the chapter. In addition, demand and sales scenario of gymnastics equipment is provided in the chapter that offers a thorough picture of remunerative countries in the MEA.
Chapter 13 – Competitive Assessment
This chapter of the gymnastics equipment market report gives a dashboard view of the gymnastics equipment market competition. This chapter also includes market structure, company share analysis, strategic matrix and competition analysis along with key participants’ market presence by region.
Chapter 14 – Company Profiles
The chapter gives a detailed information on various major players operating in the gymnastics equipment market. It includes analysis on strategies, SWOT analysis, key financials, company revenue share, manufacturing facilities and region wise share of major players in the gymnastics equipment market.
Chapter 15 – Research Methodology
The insights on gymnastics equipment market presented in the report are gleaned using primary and secondary research. Several stakeholders, market observers, opinion leaders and subject matter experts are interviews during the process of crafting the study. Each data point gathered from primary and secondary research is triangulated to obtain a complete picture of the market. This research process provides accurate analysis increasing the credibility of the research. Additional intelligence on gymnastics equipment market is obtained from various sources including but not limited to quarterly financial statements, published financial data, press releases, company websites, trade data, and annual reports of companies.
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