Analysis of Gymnastic Bars market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Gymnastic bar is an equipment used by gymnast to help them attain the perfect balance. These bars provide stability to the gymnasts’ performance and offers solid grip due to its triangular base at the bottom. Gymnastic bars are very durable and easy to assemble. The bars connect two vertical rods which holds the gymnastic bar in the space provided.
A gymnastic bar is made up of fiber glass with a wooden coating around it. It has 2.8 cm of radius and is 2.4 m long. The height of gymnastic bar is changeable according to the category the gymnasts fall under. Gymnastics combines physical skills, such as flexibility body control and strength. All these factors encourages gymnasts around the world to participate in Olympics and Commonwealth Games. Not only at international level, nowadays, several events that are being organized at national and regional level also have a considerable number of participants, thereby impacting the gymnastic bars market.
As per the records and achievements of countries at international events, Russia, United States, Germany, Romania and Czechoslovakia are leading in gymnastics. Market graph of gymnastic bars in these countries has been growing at a considerable pace. 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 of gymnastic (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.
A major driver for the growth of the gymnastic bars is the health benefits offered by the sport. The cost-effective nature of the gymnastic bars are also aiding in driving the market. . A gymnastic bar is a vital equipment in any fitness training facility in most parts of the world. General health benefits aside, participation in gymnastics has been on the rise among the population.
Gymnasts are also the strongest of all Olympic athletes, because of the kind of training they undergo. Participation in gymnastics not only improves one’s strength but also impacts psycho-social behavior. One of the major hindrances to the growth of the gymnastic bars market are the injuries caused by this sport. There has been a lot of debate about long-term effects of gymnastics in an athlete's body, particularly women. Stress fractures are common amongst gymnasts and such issues hinder gymnast participation and consequently, gymnastic bench sales.
In United States, gymnastics sport is among favorite sports across the sports enthusiast with the maximum number of participants in any national gymnastics championship, driving the demands for the gymnastic bars in the region. Germany holds the maximum number of championship titles for the gymnastics sports, influencing the youth towards this sport. The rise in children participation is likely to impact the demand for the gymnastic bars in the European region.
Emerging economies like India and China, two most populated countries have immense talent for the gymnastic bars because of the growing gymnastics sports and events. Gymnastic bars on the basis of region is segmented as:
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There are some market players which are competing in gymnastic bar market such as
The global market for gymnastic bar is fragmented in nature with the presence of many large & small market players. The competition among the existing market players is very high. Therefore, to survive & succeed in such a competitive environment, manufacturers must distinguish their product offering through innovative & unique products. This competitive environment also leads to a cut in the prices of their product to retain their market position, which can also negatively affect the profit margin of the manufacturers.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
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Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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Segmentations of gymnastic bars include areas through which gymnastic bars can be further classified according to the sales and region. Sales of gymnastic bars is directly proportional to the distributors of the gymnastic bar.
On the basis of sales channel, gymnastic bar is segmented as:
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The global gymnastic bars market is estimated to progress at a CAGR of 4.3% through 2028.
The cost-effectiveness and health benefits of gymnastic bars are likely to contribute to increased demand.
Germany and the United States are the two prominent countries that are leading the global market for gymnastic bars.
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