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Yoga Mat Market Size to Reach $4.85 Billion by 2025, on Account of Rising Popularity of Yoga And Health Benefits | New Opportunities Planning By Million Insights

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Yoga Mat Market Size to Reach $4.85 Billion by 2025, on Account of Rising Popularity of Yoga And Health Benefits | New Opportunities Planning By Million Insights

August 17
08:32 2020
Yoga Mat Market Size to Reach $4.85 Billion by 2025, on Account of Rising Popularity of Yoga And Health Benefits | New Opportunities Planning By Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the report on the global yoga mat industry provides qualitative and quantitative analysis for the period from 2019 to 2025. The report predicts the global yoga mat market to grow with a CAGR of 5.8%. It includes a comprehensive evaluation of the market’s growth status and market risk.

The global Yoga Mat Market is estimated to reach USD 17.32 billion by 2025 and is projected to grow at a CAGR of 5.8% from 2019 to 2025, according to a new report by Million Insights. The rising popularity of yoga particularly in countries such as China, the U.S., and the U.K. is projected to propel the demand for yoga mats. Moreover, government authorities are taking up initiatives to promote the Ayurveda, and yoga, which, in turn, is expected to boost the demand for the product.

Polyvinyl chloride (PVC) type mats have dominated the yoga mat market with a share of over 40.0% in 2018, owing to their low price, and high efficiency. Although, manufacturers are now focused on producing mats using biodegradable and eco-friendly materials such as thermoplastic elastomer (TPE), and rubber. Due to the stringent policies by the government on the usage of plastics, the rubber segment is projected to grow at a significant rate in the coming few years.

To download the sample PDF of “Global Yoga Mat Market” please click here: https://www.millioninsights.com/industry-reports/global-yoga-mat-market/request-sample

 

In 2018, the specialty stores channel held the largest market share in the overall market. Rise in the number of specialty stores in the countries such as Australia, U.S and China are positively attributing to the segment growth. Further, these stores have a wide range of product availability and customers find it easy to get the products of their desire. The online segment is anticipated to grow at a significant rate over the forecast period owing to the increasing number of e-commerce stores and growing trend of multi-channel retailing.

North America held the largest market share in 2018, and the region is expected to continue its dominance over the forecast period. Increasing awareness about benefits of yoga has led to a rise in awareness among people. Additionally, the increase in number of yoga studios in the regions is expected to proliferate the product demand. Asia Pacific, on the other hand, is projected to register the highest growth rate over the forecast period, largely because of increasing government initiatives to promote yoga in emerging countries including India.

To browse report summary & detailed TOC, please click the link below: https://www.millioninsights.com/industry-reports/global-yoga-mat-market

 

Further key findings from the report suggest:

• North America is anticipated to lead the market over the next few years, owing to the growing popularity of yoga among consumers.

• Based on the distribution channel, online segment is projected to grow at the highest rate over the forecasted period.

• Asia Pacific is projected to grow at the CAGR of 7.3% during the forecasted period.

• Major players in the market are Manduka, Hugger Mugger; Jade Yoga; Alo Yoga, Inc., and Tomuno.

Million Insights has segmented the yoga mat market based on material, distribution channel, and region:

Yoga Mat Material Outlook (Revenue, USD Million, 2015 – 2025)
    • PVC
    • TPE
    • Rubber
    • PE
    • Cotton/Jute

Yoga Mat Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
    • Specialty Store
    • Departmental Store & Hypermarket
    • Online

Yoga Mat Regional Outlook (Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • India
        • Australia
    • Central & South America
        • Brazil
    • Middle East & Africa

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-yoga-mat-market

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