Technavio has been monitoring the global yoga accessories market size and it is poised to grow by USD 830.47 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Yoga Accessories Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
Based on segmentation by product, which is the leading segment in the market?
Yoga mats is the largest product segment in the global yoga accessories market.
What are the major trends in the market?
Product premiumization is one of the key trends in the global yoga accessories market.
At what rate is the market projected to grow?
The market is expected to grow at a CAGR of almost 6% during the forecast period
Who are the top players in the market?
Barefoot Yoga Co., Hugger Mugger Yoga Products LLC Inc. , JadeYoga, La Vie Boheme Yoga, Liforme Ltd., lululemon athletica Inc., Manduka LLC, Sequential Brands Group Inc., Yoga Direct LLC, and ANYMATIC LLC are some of the major market participants.
What are the key market drivers and challenges?
The introduction of smart mats is expected to drive the growth of the market. However, the fluctuating raw material prices might pose challenges for market vendors.
How big is the North America market?
North America will contribute 34% of the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Barefoot Yoga Co., Hugger Mugger Yoga Products LLC Inc. , JadeYoga, La Vie Boheme Yoga, Liforme Ltd., lululemon athletica Inc., Manduka LLC, Sequential Brands Group Inc., Yoga Direct LLC, and ANYMATIC LLC are some of the major market participants. The introduction of smart mats will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Yoga Accessories Market 2020-2024: Segmentation
Yoga Accessories Market is segmented as below:
- Yoga Mats
- Yoga Straps
- Yoga Blocks
- North America
- South America
- Distribution channel
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Yoga Accessories Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The yoga accessories market report covers the following areas:
- Yoga Accessories Market Size
- Yoga Accessories Market Trends
- Yoga Accessories Market Industry Analysis
This study identifies the product premiumization as one of the prime reasons driving the Yoga Accessories Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Yoga Accessories Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist yoga accessories market growth during the next five years
- Estimation of the yoga accessories market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the yoga accessories market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of yoga accessories market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Yoga mats – Market size and forecast 2019-2024
- Yoga straps – Market size and forecast 2019-2024
- Yoga blocks – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline – Market size and forecast 2019-2024
- Online – Market size and forecast 2019-2024
- Market opportunity by Distribution channel
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
- Vendor land scape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Barefoot Yoga Co.
- Hugger Mugger Yoga Products LLC Inc.
- La Vie Boheme Yoga
- Liforme Ltd.
- lululemon athletica Inc.
- Manduka LLC
- Sequential Brands Group Inc.
- Yoga Direct LLC
- ANYMATIC LLC
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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