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As per Technavio’s market research report, the yoga and exercise mats market in North America is expected to grow at a steady rate and post a CAGR of more than 5% during the forecast period. The increasing number of health clubs and gyms will drive the growth prospects for the yoga and exercise mats market in North America during the projected period. A large number of customers in every health club and gym centers extensively use yoga and exercise mats for various purposes including weight training, limbering down, yoga, and general fitness exercises. The demand for yoga and exercise mats are increasing with the rising health and fitness benefits of yoga activities and the growing awareness of these benefits among the health-conscious population. Since yoga is practiced by a large number of patients and suggested by the majority of physicians, the sales volume of yoga and exercise mats is likely to increase in the coming years.
With the rising sales of fitness equipment, the players in this market space are already focusing on using natural and recyclable materials for manufacturing yoga and exercise mats. Raw materials such as natural rubber, jute, and cotton can be easily decomposed and yoga mats manufactured using polymer environmental resin (PER) can be completely recycled to make new products. Such benefits will increase the focus of vendors towards the usage of sustainable raw materials for manufacturing yoga and exercise and this will be one of the major trends that will gain traction in this market in the next four years.
The yoga and exercise mats market in North America is characterized by the presence of many vendors and is highly competitive due to the growing efforts by various market players to gain the maximum market share. These vendors are increasingly competing against each other based on factors such as environmental sustainability, price, product innovations, and improved features. Furthermore, to expand their geographic reach, several vendors are also increasingly focusing on product differentiation and improving the quality of their products.
Key vendors in this market are -
Other prominent vendors in the market include Adidas, Body-Solid, HuggerMugger, Indiegogo, La Vie Boheme Yoga, Merrithew, Nike, prAna, TriMax Sports, and YogaDirect.
The exercise mats segment dominated the yoga and exercise mats market in North America during 2016 and its dominance is expected to continue until the end of 2021. This segment includes different types of mats such as gym mats, general fitness mats, and pilates mats. A large number of establishments in North America procure exercise mats in large quantities due to the increasing number of health clubs and fitness centers, which, in turn, will boost the sales of exercise mats in the coming years.
The mono-brand stores accounted for the maximum sales of yoga and exercise mats in North America during 2016 and according to this market research report, it will continue to be the major revenue-generating segment during the next four years as well. In addition to the rich look and feel of these stores, the availability of a wide range of products that are manufactured under the same brand will also drive the more consumers towards these stores, which in turn, will drive the growth of the market in this segment.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by country
PART 08: Market segmentation by distribution channel
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Tags: gym mats, exercise equipment, personal care, personal care products, retail POS, consumer and retail market research report,
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