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Yoga Equipment Market

Yoga Equipment Market

Yoga Equipment Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031

Yoga Equipment Market
FACT933MR
  • Status: Ongoing
  • November 2021
  • Sports

Yoga Equipment Market Forecast and CAGR

The yoga equipment market is expected to increase at a substantial rate during the forecast period with absolute $ opportunity of more than US$ 400 Mn. In 2020, the demand was seen rising at a stable rate and with the mounting implementation of strategies by key players, it is projected to increase over the projected horizon. Numerous number of health benefits by practicing yoga have stemmed rise in number of peoples practicing yoga around the world.

As the yoga enthusiasts desires to spend more on comfortable, environment-friendly and healthy products and services, major companies, such as Lululemon Atheletica, Manduka, Aerolite and Jade Yoga among others are focusing on exploiting components that dispense low carbon secretion heights during the manufacturing process.

Practicing yoga benefits in effectually treating a mainstream of illnesses such as anxiety, diabetes, psychosis, gastrointestinal afflictions, insomnia hypertension, depression, and sleep disorders. Furthermore, yoga also helps in maintaining blood sugar and balancing of bodily fluids. Such protracted health benefits presented by yoga are expected to drive the overall growth in the years to come. Whereas the COVID-19 pandemic has positively impacted on yoga equipment’s, which is a part of healthcare and fitness products. This has been stayed possible by the enriched e-commerce activities of yoga enthusiasts globally.

What is Driving Demand for Yoga Equipment?

Yoga has become progressively popular over the preceding years. Based on yoga figures globally, yoga has been enumerated among the top 10 most prevalent fitness activities in the world. Changing lifestyle and modernization have caused disturbing effects on the people’s health, which has results in increasing consciousness of health wellness programs.

Furthermore, the rising demand for smart yoga equipment’s, increasing consciousness among the young generation and growing consumer spending’s are key drivers powering the growth of the yoga equipment’s. The growth in the yoga practices among youngsters has led to multiply the demand for specific accessories and equipment such as exercise mats and yoga belts. Hence, the growth in popularity of yoga is anticipated to drive the overall growth.

The rise in the number of wellness centers and yoga studios will support in elevating the growth of the overall product requirement. Individual yoga trainers are emerging to fascinate a major number of yoga enthusiasts, which will help in snowballing the overall demand.

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Improving Lifestyle Likely to Augment Yoga Equipment Sales

The demand for yoga equipment is in upsurge due to the rising health awareness and improving lifestyle. The mounting dominance of obesity and related diseases is compelling people to opt for a healthy lifestyle. Globally, more number of people are opting for yoga over other exercises and gyms as the anterior do not have any drawbacks or side effects. This will eventually boost the demand for yoga equipment’s in different regions.

Affordability is another dynamic factor that is pouring the potential for yoga equipment’sworldwide. A lot many people cannot meet the expenses to pay for the fitness center on a monthly basis. People are electing for home based yoga exercises in order to stay fit and live a healthy life-style.

Furthermore, there is an incessant growth in the number of yoga clubs given the mounting trend for exploiting numerous yoga exercises at home. Such yoga fitness clubs offers yoga courses at reasonable prices as likened to that of gym’s monthly subscriptions. Hence, growing yoga clubs is supplementing the demand for yoga equipment’s and accessories, thereby impacting positively the overall growth.

Asia Pacific Yoga Equipment Market Outlook

Asia Pacific accounts the highest amount of share for the yoga equipment’s among all regions. Conferring to the UN study, the maximum number of yoga physicians& consultants are in the Asia Pacific region. Impacts such as the local government activities in funding the yoga business, such as the AYUSH initiative by an Indian government in 2018. Also, factors such as presence of low-cost labor and horde availability of raw materials, awareness on fitness and preference towards fit &healthy lifestyle among the youths, and the existence of numerous local manufacturers are liable for propelling the demand in the Asia Pacific region.

This is owing to rise in number of yoga studios, increase in attractiveness of yoga practices in Asia and the rise in sales of yoga gears at different studios.

However, Asia-Pacific is projected to record the highest CAGR during the estimated period, owing towards rich yogic ethos in countries such as India, reliable knowledge through the Indian sub-continent, and vast number of yoga schools & studios across the region.

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Europe Demand Outlook for Yoga Equipment

The European market for yoga equipment is majorly dominated by the yoga clubs, gyms and individuals. Rise in obese population, increase in health awareness, influence of digitalization and health benefits associated with yoga drives the growth in European yoga equipment requirement.

Countries such as UK, Italy, Germany and France are having the world’s largest fitness centers, whereas Germany is the highest revenue generator among the Europe region. Growth in consciousness towards regular physical activities to uphold healthy lifestyle inspires entities for working out on a regular basis, which, in turn, is projected to propel the Europe yoga equipment growth.

In addition, wide support of the geriatric in Europe contributing in yoga to develop cardio vascular conditions. This trend significantly offers lucrative growth opportunities in Europe region.

Who are the Key Manufacturers of Yoga Equipment?

Yoga equipment manufacturers are continuously looking for improving the features and technologies to widen their customer base.

  • Barefoot Yoga
  • Jade Yoga
  • Lululemon Atheletica
  • Manduka
  • Sequentials Brands Group
  • Hugger Mugger Para Rubber
  • Gaiam
  • Yogabum
  • Aerolite
  • Aurorae
  • Khataland
  • Lining
  • Proiron
  • Easy yoga

are some of the prominent players managing the global yoga equipment’s demand. These players have implemented the strategies of agreements and acquisitions to boost their position in the market.

The launch of smart mats will offer massive growth opportunities. To make most of it, the key players and vendors are focusing more on the rising prospects in the fast budding segments, while upholding their positions in the slow growing segments.

The leading suppliers are Recreational Equipment’s, South Florida Promotions, Global Store Supply, Alo Yoga, North American Mat Co., Logoit, Kamin & Associates, Mat Depot, Waitz Corp. American Rubber & Supply, MPD Holdings and Spartan Direct.

All in all, the evolution prospects of the yoga equipment’s are promising, as more number of peoples are favoring towards yoga systems and the increase in the number of wellness centers and yoga studios in an emerging market will reinforce the demand for yoga equipment’s.

An Adaptive Approach to Modern-day Research Needs

Yoga Equipment Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Product Type

  • Yoga Blocks & Bricks
  • Yoga Belts
  • Bolsters & Zafus
  • Yoga Chairs & Feet Up
  • Yoga Ropes & Swings
  • Exercise Balls
  • Yoga Weigh Bars
  • Others

By Sales Channel

  • Modern Trade Channels
  • Specialty Stores
  • Direct To Customer Channels
  •  Third Party Online Stores
  • Others

By End Users

  • Yoga Clubs
  • Homes
  • Gyms
  • Schools
  • Wellness / Community Centers
  • Others

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East And Africa
    • GCC Countries
    • Other Middle East
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments by product type, by sales channel, by end users and by geographies.

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