Gymnastic Equipment Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44626
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The gymnastic equipment market has the potential to grow by USD 7.71 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 18.52%.

This gymnastic equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (offline and online) and geography (North America, APAC, Europe, MEA, and South America). The gymnastic equipment market report also offers information on several market vendors, including ABEO SA, AK Athletic Equipment Inc., ANTA Sports Products Ltd., Continental Sports Ltd., Life fitness, Nautilus Inc., Norberts Athletic Products Inc., and TECHNOGYM Spa among others.

What will the Gymnastic Equipment Market Size be in 2021?

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Gymnastic Equipment Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased awareness about healthy lifestyle is notably driving the gymnastic equipment market growth, although factors such as availability of counterfeit products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the gymnastic equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The increased awareness about a healthy lifestyle will fuel the growth of the gymnastic equipment market size.
  • The increased awareness about a healthy lifestyle has also led to a rise in the sales of fitness and training sports equipment, including gymnastics equipment.
  • Gymnastics offers several benefits, such as better coordination and body awareness and increased strength of abdominal muscles.
  • Gyms and fitness clubs offering gymnastic training reach out to their customers through social media platforms such as Twitter and Facebook.
  • Social media helps create awareness about a healthy lifestyle and the ways to achieve it through various fitness and training sports such as gymnastics. This, in turn, creates demand for gymnastics equipment. 
  • The rise in childhood obesity will drive the gymnastic equipment market growth during the forecast period.
  • The rise in childhood obesity can be attributed to various reasons such as genetic factors, lack of physical activity, unhealthy eating patterns, hormonal problems, or a combination of these factors.
  • Childhood obesity can lead to other potentially life-threatening diseases such as cardiovascular disease, hypertension, and diabetes.
  • Gymnastics provides children with fundamental movement skills like jump, hop, skip, run, roll, swing, throw, catch, and land safely. These skills will further help children in excelling in other sports.
  • Gymnastics is an important activity that should be included in schools' sports curriculum. There are many initiatives to promote this sport among children. 

This gymnastic equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Gymnastic Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABEO SA
  • AK Athletic Equipment Inc.
  • ANTA Sports Products Ltd.
  • Continental Sports Ltd.
  • Life fitness
  • Nautilus Inc.
  • Norberts Athletic Products Inc.
  • TECHNOGYM Spa

 

This statistical study of the gymnastic equipment market encompasses successful business strategies deployed by the key vendors. The gymnastic equipment market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The gymnastic equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Gymnastic Equipment Market?

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38% of the market’s growth will originate from North America during the forecast period. The US is a key market for gymnastic equipment in North America. Market growth in this region will be faster than the growth of the market in Europe.

The presence of a well-developed sports industry and a high prevalence of obesity will facilitate the gymnastic equipment market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Gymnastic Equipment Market?

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The gymnastic equipment market share growth by the offline segment will be significant during the forecast period. The offline distribution channel is comprised of DTC, modern trade, and VAR. Factors such as business expansion and the rising number of hypermarkets, supermarkets, and departmental stores of major retailers add to the sales growth of these retail formats and significantly contribute to the growth of the gymnastic equipment market. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the gymnastic equipment market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Gymnastic Equipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gymnastic equipment market growth during the next five years
  • Precise estimation of the gymnastic equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gymnastic equipment industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gymnastic equipment market vendors

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Gymnastic Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 18.52%

Market growth 2021-2025

$ 7.71 billion

Market structure

Fragmented

YoY growth (%)

39.54

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 38%

Key consumer countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABEO SA, AK Athletic Equipment Inc., ANTA Sports Products Ltd., Continental Sports Ltd., Life fitness, Nautilus Inc., Norberts Athletic Products Inc., and TECHNOGYM Spa

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The gymnastic equipment market growth will increase by $12.68 million during 2019-2024.
The gymnastic equipment market is expected to grow at a CAGR of 0.57% during 2019-2024.
Technavio has segmented the gymnastic equipment market by end user (Offline and Online) ,distribution channel (Offline and Online) , and geographic (North America, Europe, APAC, South America, and MEA).
ABEO SA, AK Athletic Equipment Inc., Amer Sports Corp., Bänfer GmbH, Continental Sports Ltd., Kübler Sport GmbH, Life fitness, Nautilus Inc., Norberts Athletic Products Inc., TECHNOGYM Spa are a few of the key vendors in the gymnastic equipment market.
APAC will register the highest growth rate of 42.11% among the other regions. Therefore, the gymnastic equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the gymnastic equipment market growth are:
  • Increased awareness about healthy lifestyle
  • Increasing popularity of E-commerce channels
The gymnastic equipment market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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