According to the new market research report “Yoga and Exercise Mats Market by Material (Polyvinyl Chloride, Natural Rubber, Polyurethane, Thermoplastic Elastomer, Others), Distribution Channel (E-Commerce, Supermarket & Hypermarket, Specialty Store), End-Use, Region – Global Forecast to 2026″, size is projected to grow from USD 11.7 billion in 2021 to USD 15.2 billion by 2026, at a CAGR of 5.3% during the forecast period 2021 to 2026. The market growth is driven by the rising awareness regarding healthy lifestyles along with the rising popularity of yoga.
Don’t miss out on business opportunities in Yoga and Exercise Mats Market
Speak to our analyst and gain crucial industry insights that will help your business grow:
By material, the polyvinyl chloride segment accounted for the largest market share in 2020. Polyvinyl chloride is used for manufacturing yoga and exercise mats as it is cheaper than other polymers, provides flexibility, durability, and is also easier to wash in comparison to other materials. Hence, polyvinyl chloride is preferred for manufacturing low-cost yoga and exercise mats. The use of polyvinyl chloride yoga and exercise mats is observed to be higher in developing countries, such as India, Brazil, Argentina, and Mexico.
By distribution channel, the e-commerce segment accounted for the largest share of the yoga and exercise mats market in 2020. Fitness products, such as yoga and exercise mats, witnessed a high demand due to the lockdown of health clubs and gymnasiums. This has led to an increase in the expansion of e-commerce distribution channels and demand for fitness products. This distribution channel has been growing due to the advancements in technology and internet accessibility.
Browse and in-depth TOC on “Yoga and Exercise Mats Market – Global Forecast to 2026”
81 – Tables
47 – Figures
184 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/yoga-mat-market-110146737.html
The global yoga and exercise mats market size is projected to grow from USD 11.7 billion in 2021 to USD 15.2 billion by 2026, at a CAGR of 5.3% during the forecast period 2021 to 2026. Increase in the rate of obesity across the globe is one of the major factor propelling the growth of the yoga and exercise mats market.
Lululemon Athletica Inc (Canada), Columbia Sportswear Company (US), Adidas AG (Germany), Under Armour, Inc. (US), Sequential Brands Group Inc. (US), Airex AG (Switzerland), Jade Yoga (US), Manduka LLC (US), Hugger Mugger Yoga Products (US), Liforme Ltd. (UK), Barefoot Yoga Co. (US), Fabrication Enterprises, Inc. (US), Quanzhou Sansheng Rubber Plastic Foamed Shoes Materials Co., Ltd. (China), and La Vie Boheme Yoga (US) are some of the leading players operating in the yoga and exercise mats market. These players have adopted the strategies of acquisitions and agreements to enhance their position in the market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110146737
Lululemon Athletica Inc., in July 2020 entered into a definitive agreement to acquire MIRROR (US), an in-home fitness company, for a valuation of USD 500 million. MIRROR offers a mirror-style product that mimics an in-studio experience, as well as more than 70 new classes and over 40 class types per week, including strength training, weight training, pre-and post-natal workouts, and yoga. This acquisition is expected to enhance the annual sale of yoga mats by Lululemon Athletica Inc.
Columbia Sportswear Company (CSC), in May 2020 entered into a definitive agreement with Steelpoint Capital Partners (US) and other minority members to acquire all controlling interests of the yoga-inspired prAna apparel brand. prAna will join CSC’s portfolio of authentic, active outdoor brands and is expected to propel CSC into the yoga mat market.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/yoga-mat-market.asp