Yoga Equipment Market
Yoga Equipment Market Analysis, By Product Type (Yoga Blocks & Bricks, Yoga Belts, Bolsters & Zafus, Yoga Chairs & Feet Up, Yoga Ropes & Swings, Exercise Balls, Yoga Weigh Bars), By Sales Channel (Modern Trade, Specialty Stores, Direct To Customer), & Region -Global Review 2022-2032
Analysis of Yoga Equipment Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Yoga Equipment Market Outlook (2022-2032)
The yoga equipment market is expected to increase at a substantial rate during the forecast period with an 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 health benefits of practicing yoga have stemmed the rise in the number of people practicing yoga around the world.
The global yoga equipment market is valued at USD 9531.13 Million in 2022. The market is projected to grow with a CAGR of 3% in the forecast period 2022-32. The yoga equipment market is anticipated to cross the valuation of USD 12809.04 Million by end of 2032.
As the yoga enthusiast desires to spend more on comfortable, environment-friendly, and healthy products and services, major companies, such as Lululemon Athletica, 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 bodily fluids. Such protracted health benefits presented by yoga are expected to drive overall growth in the years to come. Whereas the COVID-19 pandemic has positively impacted yoga equipment, which is a part of healthcare and fitness products. This has been stayed possible through the enriched e-commerce activities of yoga enthusiasts globally.
Report Attributes |
Details |
|---|---|
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Yoga Equipment Market size (2022A) |
USD 9531.13 Million |
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Base Year for Estimation |
2022 |
|
Forecast duration for this research |
2022-2032 |
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Forecasted Market value (2032F) |
USD12809.04 Million |
|
Global Market Growth rate (2022-2032E) |
CAGR of 3% |
|
Key Companies Profiled |
|
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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 lifestyles and modernization have caused disturbing effects on people’s health, which has resulted in increasing consciousness of health wellness programs.
Furthermore, the rising demand for smart yoga equipment, increasing consciousness among the young generation, and growing consumer spending are key drivers powering the growth of yoga pieces of equipment. The growth in yoga practices among youngsters has led to multiple demands for specific accessories and equipment such as exercise mats and yoga belts. Hence, the growth in the popularity of yoga is anticipated to drive overall growth.
The rise in the number of wellness centers and yoga studios will support 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.
The demand for yoga equipment is in upsurge due to 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 people are opting for yoga over other exercises and gyms as the anterior does not have any drawbacks or side effects. This will eventually boost the demand for yoga equipment in different regions.
Affordability is another dynamic factor that is pouring the potential for yoga equipment worldwide. A lot many people cannot meet the expenses to pay for the fitness center on a monthly basis. People are electing home-based yoga exercises in order to stay fit and live a healthy lifestyle.
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 offer yoga courses at reasonable prices as likened to that the gym’s monthly subscriptions. Hence, growing yoga clubs are supplementing the demand for yoga equipment’s and accessories, thereby impacting positively overall growth.
Challenges faced by Yoga Equipment Industry
Yoga equipment manufacturers have to face challenges in terms of advancement in technologies, customer expectations, and dynamic market conditions. In the trend of modernity if manufacturers are selling tangible goods there is a projection of a rise in demand from health-conscious people. There will be a demand for yoga practices as long as people desire to lose weight. Manufacturers in this field don’t operate in typical B2C or B2B modes, hence they can’t rely on the usual business tactics. The companies need inward revenue flow to ensure infrastructure and regular scale-up of enterprises.
The niche demographics are another challenge associated with the yoga equipment market. These customers look for long-term equipment hence the vendors have to deal with a dedicated populace and companies should focus on sales leads and intensive marketing strategies. The market is flooded with many manufacturers which are raising competition. There is a large set of similar brands that make customers’ decisions depend on the price factor which is demanding manufacturers to stay open for flexibility in pricing practices.
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Segment Wise Analysis
The highest share in revenue is recorded for yoga mats and yoga belts owing to their large-scale possibility in the application. However, accelerating growth in fitness and health centers is expected to give a booster to other products such as Yoga bricks and Yoga balls due to their niche functionalities.
On the basis of end users, the yoga equipment demand is dominated by the household segment owing to the large demand from regular yoga practitioners. There is a significant rise in people preferring yoga as a daily exercise which is expected to remain dominant in the forecast period. The rising no of gyms and fitness centers are factors responsible for the rising demand for yoga types of tools.
“Specialty stores expected to dominate sales in the forecast period”
There is an anticipated rise in the specialty stores segment in the forecast period due to high preference by fitness freak people. Customers are conscious of the accessory’s behavior and fitness activities. These customers prefer visiting specialty stores. The increasingly busy lifestyles and changing consumer behavior are stimuli to mushrooming penetration of E-Commerce sites which is expected to dominate in upcoming years.
Regional Outlook
“Asia Pacific dominates the global yoga Equipment Market”
Asia Pacific accounts for the highest amount of share yoga equipment among all regions. Conferring to the UN study, the maximum number of yoga physicians& consultants are in the Asia Pacific region. Also, factors such as the presence of low-cost labor and horde availability of raw materials, awareness of 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.
“India accounts for 3-5% of sales of global yoga equipment”
This is owing to the rise in the number of yoga studios, the increase in the attractiveness of yoga practices in Asia, and the rise in sales of yoga gear at different studios. Impacts such as the local government activities in funding the yoga business, such as the AYUSH initiative by the Indian government in 2018.
However, Asia-Pacific is projected to record the highest CAGR during the estimated period, owing to rich yogic ethos in countries such as India, reliable knowledge through the Indian sub-continent, and a vast number of yoga schools & studios across the region.
“UK, Italy, Germany: Rising Yoga Hubs in the European region”
The European market for yoga equipment is majorly dominated by yoga clubs, gyms, and individuals. The rise in the obese population, increase in health awareness, the influence of digitalization, and health benefits associated with yoga drives the growth in European yoga equipment requirement.
Countries such as the UK, Italy, Germany, and France are having the world’s largest fitness centers, whereas Germany is the highest revenue generator in the Europe region. Growth in consciousness towards regular physical activities to uphold a healthy lifestyle inspires entities for working out on a regular basis, which, in turn, is projected to propel the Europe yoga equipment growth.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
These players have implemented strategies of agreements and acquisitions to boost their position in the market. The launch of smart mats will offer massive growth opportunities. To make the 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, South Florida Promotions, Global Store Supply, Alo Yoga, North American Mat Co., Logit, Kamin & Associates, Mat Depot, and Waitz Corp. American Rubber & Supply, MPD Holdings, and Spartan Direct.
All in all, the evolution prospects of yoga equipment are promising, as more number of peoples are favoring yoga systems and the increase in the number of wellness centers and yoga studios in an emerging market will reinforce the demand for yoga types of equipment.
Key Segments of Yoga Equipment Industry Research
-
By Product Type :
- Yoga Blocks & Bricks
- Yoga Belts
- Bolsters & Zafus
- Yoga Chairs & Feet Up
- Yoga Ropes & Swings
- Exercise Balls
- Yoga Weigh Bars
- Others
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By Sales Channel :
- Modern Trade Channels
- Specialty Stores
- Direct To Customer Channels
- Third Party Online Stores
- Others
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By End Users :
- Yoga Clubs
- Homes
- Gyms
- Schools
- Wellness / Community Centers
- Others
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By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East And Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Sales Channel 6.3. End Users 7. Global Market Analysis and Forecast, By Product Type 7.1. Yoga Blocks & Bricks 7.2. Yoga Belts 7.3. Bolsters & Zafus 7.4. Yoga Chairs & Feet Up 7.5. Yoga Ropes & Swings 7.6. Exercise Balls 7.7. Yoga Weigh Bars 7.8. Others 8. Global Market Analysis and Forecast, By Sales Channel 8.1. Modern Trade Channels 8.2. Specialty Stores 8.3. Direct To Customer Channels 8.4. Third Party Online Stores 8.5. Others 9. Global Market Analysis and Forecast, By End Users 9.1. Yoga Clubs 9.2. Homes 9.3. Gyms 9.4. Schools 9.5. Wellness / Community Centers 9.6. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. MEA 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. MEA Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Type, Sales Channel, and End Users for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Barefoot Yoga 20.2. Jade Yoga 20.3. Lululemon Atheletica 20.4. Manduka 20.5. Sequentials Brands Group 20.6. Hugger Mugger Para Rubber 20.7. Gaiam 20.8. Yogabum 20.9. Aerolite 20.10. Aurorae 20.11. Khataland 20.12. Lining 20.13. Proiron 20.14. Easy yoga
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by Sales Channel
Table 4: Global Market US$ Mn Forecast by End Users
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Product Type
Table 7: North America Market US$ Mn Forecast by Sales Channel
Table 8: North America Market US$ Mn Forecast by End Users
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Product Type
Table 11: Latin America Market US$ Mn Forecast by Sales Channel
Table 12: Latin America Market US$ Mn Forecast by End Users
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Product Type
Table 15: Western Europe Market US$ Mn Forecast by Sales Channel
Table 16: Western Europe Market US$ Mn Forecast by End Users
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Product Type
Table 19: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 20: Eastern Europe Market US$ Mn Forecast by End Users
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Product Type
Table 23: East Asia Market US$ Mn Forecast by Sales Channel
Table 24: East Asia Market US$ Mn Forecast by End Users
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Sales Channel
Table 28: South Asia & Pacific Market US$ Mn Forecast by End Users
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Product Type
Table 31: MEA Market US$ Mn Forecast by Sales Channel
Table 32: MEA Market US$ Mn Forecast by End Users
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the present outlook for the yoga equipment market?
At present global yoga equipment market is valued at USD 9531.13 Million in 2022.
What is the anticipated growth forecast for yoga equipment sales?
The yoga equipment market is anticipated to cross the valuation of USD12809.04 Million by end of 2032.
What is the growth rate expected in the forecast duration?
The market is projected to grow with a CAGR of 3% in the forecast period 2022-32.
Which region is dominating sales of yoga equipment?
Asia Pacific region dominates the sales of Yoga Equipment.
Who are the key players in the yoga equipment market?
The key players in the yoga equipment market are- • Jade Yoga • Lululemon Athletica • Manduka • Sequentialls Brands Group • Hugger Mugger Para Rubber • Gaiam • Yogabum • Aerolite
Yoga Equipment Market