Gym Mats Market Analysis, Development, Revenue, Future Growth and Forecast to 2029

The global gym mats market size is projected to experience sterling expansion owing to the increasing number of gyms and fitness centers across the world, states Fortune Business Insights in its report, titled “Gym Mats Market, 2022-2029”.

The gym mats are mainly used during the floor-based exercise activities in the gyms, fitness centres or at home during work-out. These mats are thick and can resist high pressure which helps to provide support to the body and also avoid slipping of hands and feet during exercise. Thus, there is an increasing demand for gym mats worldwide due to their wide availability across different distribution channels such as supermarkets, online stores, and others, which has resulted in the growth of this market. Further, due to the increasing number of gyms and fitness centres across several regions in this market, a majority of people are inclined towards exercise and fitness activities such as yoga and others, which is projected to drive this market’s growth.

However, the wide availability of low cost exercise mats is projected to hinder the growth of this market.

 

COVID-19 Impact:

The COVID-19 pandemic and the subsequent lockdown restrictions across the world have stymied the businesses and industries in several regions. There is also a decline in the demand for gym mats due to the shutdown of gyms and fitness centres worldwide, which has severely impacted this market’s growth.

 

 

Fortune Business Insights™ lists out all the gym mats market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

  • Net World Sport Ltd.
  • Hosa Group
  • Pro Performance Sports LLC.
  • We R Sports
  • Q324
  • Manduka
  • GAIAM
  • Barefoot Yoga Co.
  • Bean Products Inc.

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What does the Report Offer?

The report divides the market into regions and forecasts its size in terms of volume and value. It comprises the competitive landscape, which comprises the market’s major players and their tactics for announcing collaborations, introducing new goods, and collaborating to promote the market’s growth.

 It also includes a detailed analysis of the market drivers, constraints, opportunities, and challenges. The study analyses both quantitative and qualitative aspects of the market, including Porter’s five forces analysis.

 

Report Aim & Scope:

  • An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
  • The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
  • The various parameters accelerating the growth of the market are incorporated in the research report.
  • The report analyzes growth rate, cold chain market size and valuation of the market during the forecast period.

 

 

Highlights/Summary:

This report offers a 360-degree study of the market drivers, trends, and opportunities and incorporates an all-encompassing analysis of the hindrances facing the market. Further, the report contains an in-depth understanding of the various market segments and provides an exhaustive evaluation of the competitive landscape and regional developments in the market.

 

Drivers/Restraints:

Rising Consumer Awareness about Fitness and Exercise to Fuel the Market

Nowadays, a majority of the world population are inclined towards exercise and other physical activities such as cycling, swimming, gym work-out, yoga, and others. This has resulted in the increasing awareness among consumers about the fitness and exercise activities, which has led to the growth of this market. For instance, in 2018, Patanjali Ayurved Ltd. launched the “Mission Fit India” campaign which targeted approximately 220 million people across 43 cities of India.

 

Regional Insights:

Increasing Consumer Inclination towards Recreational Physical Activities to Boost the North America Market Growth

North America region is expected to dominate in the gym mats market share on account of the rising consumer inclination towards recreational physical activities and the growing number of leading companies in the countries such as the US and Canada.

Asia Pacific region is projected to grow speedily in this market due to the increasing number of gyms and fitness centers in the countries such as India and China. Further, the rising consumer expenditure on fitness and yoga exercises is expected to fuel this market’s growth in this region.

 

Market Segmentation:

On the basis of material, this market is divided into polyethylene foam mats, TPE mats, EVA foam mats, and PVC mats. Based on distribution channel, the market is classified into specialty stores, online stores, hypermarkets and supermarkets, and convenience stores. By end-user, the market is categorized into health and fitness clubs, households, schools and corporates, and others. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

 

Competitive Landscape:

Increasing Production of Advanced Gym Mats by Key Players to Animate Competition

The prominent companies in the gym mats market are focusing on the manufacturing of innovative gym mats that are bio-degradable and plastic-free. This has resulted in the increasing competition among key companies which will help them to widen their business horizons and broaden their market presence.

 

Industry Development:

April 2020: Burning Warehouse, an Australia-based company, launched various workout equipments and accessories on their online stores. These accessories include exercise mats, resistance bands, and skipping ropes.

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