Yoga accessories market size to grow by USD 6, 159. 41 million from… – Yahoo Finance

NEW YORK , Dec. 20, 2022 /PRNewswire/ — Technavio categorizes the global yoga accessories market as a part of the global leisure products industry , which  covers a variety of categories, including yoga accessories, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. The global yoga accessories market size is estimated to increase by USD  6, 159. 41 million  between 2022 and 2027. The market’s growth momentum will progress at a CAGR of   6. 9%.

Technavio has announced its latest market research report titled Global Yoga Accessories Market 2023-2027

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Global yoga exercise accessories market – Vendor analysis

Vendor offerings 

  • adidas AG —   The company offers yoga accessories such as Mesh Graphic Quarter Sport Socks, adidas Yoga Backpack, plus Trail Water Bottle 750 ML.

  • Barefoot Yoga exercise Co. –  The company offers yoga accessories such as Barefoot Yoga Practice Straps, Barefoot Yoga Rectangular Bolster, and Barefoot Yoga Zabuton.

  • Body Solid Inc. –  The company offers yoga exercises accessories such as BSTYM10, plus BSTYM5.

  • Hugger Mugger Yoga Products LLC Inc. –   The organization offers yoga accessories like 4 in. Foam Yoga exercises Block, 4 in. Marbled Foam Yoga Block, and Deluxe Wool Yoga Blanket.

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Merchant landscape

The global yoga accessories market is fragmented, with the presence of with numerous marketplace vendors and a few established players. A few prominent vendors that offer yoga accessories in the market are adidas AG, Barefoot Yoga Co., Body Solid Incorporation., Decathlon SA, Hugger Mugger Yoga Products LLC Inc., JadeYoga, La Vie Boheme Yoga, Liforme Ltd., lululemon athletica Inc., Manduka LLC, Merrithew International Inc., New Balance Athletics Inc., Nike Inc., NoCoast Beer Co., OPTP, Padma Seat , Trimax Sports Inc., Yoga Direct LLC, Yogamatters Ltd., and YogiKuti Pvt. Ltd. and others.

Vendors compete on many factors, including price, quality, technology, brand, and variety. Different companies adopt diverse marketing strategies to increase their market share. Prominent vendors have adopted the practice of sustainability, which is essential for future production. They are expected to expand their presence in low-penetrated markets such as developing countries. As a result, the market is expected to experience a sizable production capacity growth. A  rise in production capacity will enable vendors to meet the surging demand for yoga accessories. In addition , the increasing number of  health clubs and gyms will  contribute to the development and expansion of the market.

Global yoga accessories market : Customer landscape
To help companies evaluate plus develop growth strategies, the report outlines –

Global yoga accessories market – Segmentation assessment

Segment overview
Technavio has segmented the market based on product  (yoga mats, yoga straps, yoga exercise blocks, and others) and  distribution channel (offline and online).

  • The yoga mat   segment will contribute significantly to the market’s growth during the forecast period.   Yoga exercise mats prevent users from slipping while performing yoga exercises. They also keep  the body warm.   The yoga mat segment is likely to grow steadily during the forecast period. Various government plus non-government organizations  are taking initiatives to educate people about the advantages of yoga, which will increase the adoption of yoga mats. Some vendors are developing smart and innovative yoga mats that offer real-time feedback. These factors will drive the particular growth of the segment throughout the forecast period.

Geography overview
Based on geography, the global yoga accessories market is segmented into North America , Europe , APAC, South America , and Middle East and Africa . The report provides actionable insights and estimates the contribution of all regions to the growth of the worldwide yoga accessories market.

  • North America   is estimated to account for  38%   of  the growth of the global marketplace during the forecast period.   The demand for yoga exercise accessories in this region has increased, with a rise in participation in regular fitness activities. Vendors are usually capitalizing  on the growing  awareness about the benefits of staying fit by  introducing  new offerings, which is  increasing  their revenue. These factors will drive the growth of the market in the region during the prediction period.

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Worldwide yoga accessories market Market dynamics

Leading drivers –  The growing number of yoga practitioners  is driving the market growth. The popularity of yoga is increasing, especially in North America . For instance, the number of yoga practitioners in the US rose by more than 11% in 2018 when compared to 6. 40% in 2012. The benefits of yoga, such as stress relief, general fitness, flexibility, and overall development of health, are the main reasons behind this growth.   The increasing consciousness about  yoga and the subsequent rise in the number of yoga practitioners globally will influence the sales of yoga products, including accessories. These factors will drive the growth  from the global yoga accessories market during the forecast period.

Key trends –  Growing enrolment in fitness and health clubs is a key trend in the yoga add-ons market .   Yoga exercises products, including accessories, are used in health and fitness clubs for purposes  such as weight training, limbering down, yoga, and general fitness exercises. The number of health and fitness clubs is expected to increase during the forecast period, which may increase the  sales associated with yoga accessories. Many  clubs offer exclusive packages in order to attract customers and increase  their sales. Premium customers can get benefits such as free workouts and yoga. Thus, the rise in the number of memberships in health and fitness clubs has increased the demand for yoga exercises products, including yoga components.

Major challenges –  Fluctuating raw material prices are challenging the yoga accessories marketplace growth . The profit margins of key manufacturers for example Lululemon Athletica are fluctuating due to the volatility in the prices of raw materials. For instance, the prices of synthetic fibers keep fluctuating, which increases the prices  of yoga accessories made from these raw materials. In addition , cost-driven end-users prefer lower-priced yoga products, including accessories,   which reduces the product sales potential and revenue of global players.   Such factors are hampering the particular growth of the market.

Drivers, styles, and challenges have an impact upon market dynamics, which can impact businesses.   Find some insights from a sample report!

What are the key data covered in this yoga accessories market record?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the yoga exercise accessories market between 2023 and 2027

  • Precise estimation of the size of the yoga exercises accessories market  and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the yoga accessories market  across North America , Europe , APAC, South America , and Middle East plus Africa

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of yoga exercise accessories market  vendors

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Related Reports:  

  • The smart yoga mat market size is expected to increase to  USD  164. 18 million from 2021 to 2026,   and the market’s development momentum will accelerate in a CAGR of 6. 43%. This report extensively covers  market  segmentation  by distribution channel (offline and online) and geography ( North America , Europe , APAC, South America , and Middle East and Africa ).

  • The size of the online apparel footwear and accessories market in the US will be expected to increase by USD  91. 54 billion through 2021 to 2026,   and the market’s growth momentum will accelerate at a CAGR of 11. 91%. This report extensively covers segmentation by product (apparel, shoes, and accessories) and end-user (women and girls plus men and boys).

Yoga Accessories Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6. 9%

Marketplace growth 2023-2027

USD 6, 159. 41 million

Market structure

Fragmented

YoY growth 2022-2023  (%)

6. 1

Regional evaluation

North America, Europe, APAC, South America, and Center East and Africa

Performing market contribution

North America at 38%

Key countries

US, China, UK, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

adidas AG, Discalcedunshod Yoga Co., Body Solid Inc., Decathlon SA, Hugger Mugger Yoga Products LLC Inc., JadeYoga, La Vie Boheme Yoga, Liforme Ltd., lululemon athletica Inc., Manduka LLC, Merrithew International Incorporation., New Balance Athletics Inc., Nike Inc., NoCoast Beer Co., OPTP, Padma Seat, Trimax Sports Inc., Yoga Direct LLC, Yogamatters Limited., and YogiKuti Pvt. Ltd.

Market dynamics

Parent market analysis, Marketplace growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact plus recovery analysis and long term consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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

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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Table associated with contents

1 Executive Summary

  • 1 . 1 Market overview

2 Marketplace Landscape

  • 2 . 1 Market ecosystem

3 Market Sizing

  • 3. 1 Market definition

  • 3. 3 Market size 2022

4 Historic Market Size

5 Five Forces Analysis

  • 5. 1 Five forces summary

  • five. 6 Threat of rivalry

  • 5. 7 Market condition

six Market Segmentation by Product

  • 6. 1 Marketplace segments

7 Market Segmentation by Distribution Channel

  • 7. 1 Market place segments

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

  • 10. one Market drivers

  • 10. 2 Market challenges

  • 10. four Market trends

11 Vendor Landscape

  • eleven. 1 Overview

  • 11. 2 Vendor landscape

  • 11. 4 Industry risks

12 Vendor Analysis

  • twelve. 1 Vendors covered

  • 12. 3 adidas AG

  • 12. 4 Barefoot Yoga Company.

  • 12. 5 Body Solid Inc.

  • 12. 7 JadeYoga

  • 12. 8 La Vie Boheme Yoga exercise

  • 12. 9 Liforme Ltd.

  • 12. 11 Manduka LLC

  • 12. 14 Nike Inc.

  • 12. 15 OPTP

  • 12. 16 Padma Seat

  • 12. seventeen Yoga Direct LLC

13 Appendix

  • 13. 1 Scope of the survey

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Global Yoga Accessories Marketplace 2023-2027

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