Bounding Table Market Size, Share, Growth, and Industry Growth by Type (Mini Bounding Table, Medium Bounding Table and Large Bounding Table) By Application (Home Use and Amusement Place) Regional Forecast to 2028

Updated On: 22 April 2024

REPORT OVERVIEW

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The global bounding table market size expanded rapidly in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with the bounding table market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, a robust CAGR during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

With the aid of coiled springs and taut components, the bounding table is made of a solid fabric device that is stretched over a steel frame. People utilize these frequently for competitive and recreational purposes. The binding table also incorporates a folding mechanism that makes it easier to transport it from one place to another. As a result, the market for these tables will gradually rebound in the short term, with a positive growth prognosis for the long term.

COVID-19 Impact: Stringent Regulations and Government Rules to Hinder the Market Growth

 The current COVID-19 outbreak has had a negative impact on a number of markets in the consumer products sector. The market is anticipated to benefit from the industry's adoption of artificial intelligence and big data science. Consumers are engaging in social distancing as a result of government regulations. As a result, businesses in the Bounding Table Market had to adapt to a new norm of conducting business online. Furthermore, the supply chain interruptions and restrictions on mobility have given the participants in the e-market tremendous growth potential.

LATEST TRENDS

"The Many Health Advantages of Jogging is Expanding Market Growth "

People are becoming more aware of the many health advantages of jogging, including enhanced lung capacity, higher energy, improved muscular tone, strengthened heart, improved lymphatic system function, and others. This is the main reason that is anticipated to accelerate market expansion globally over the forecast period.

Segmentation

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• By Type Analysis

By type, the bounding table market is segmented into mini bounding table, medium bounding table, and large bounding table.

The mini bounding table segment will dominate the bounding table market in the coming years.

• By Application Analysis

Based on applications, the bounding table market is home use and amusement place.

The home use segment will lead the global share through 2028.

DRIVING FACTORS

"Growth in Recreational Bounding Tables Will Fuel Market Expansion "

Also, recreational bounding tables are becoming more widely used in a variety of settings, such as playgrounds, schools, gyms, residences, adult fitness clubs, and others, which is fueling the demand for bounding tables. Also, a key driver anticipated to propel market expansion for the target throughout the forecast period is the rise in competitive bounding tables among athletes participating in the Olympic sport of trampolining.

"Expanding the Building Sector and Advancing Technology to Fuel Market Need"

Market potential will be aided by increased disposable income, burgeoning economic expansion, and greater access to cheaper land. Increases in living standards and sound economic conditions are driving up the demand for binding tables. Also, the rise of the business is being aided by contemporary residential structures' innovative interior designs and the accessibility of inexpensive labor.

RESTRAINING FACTORS

"High Cost in Some Regions will Restrain the Market Growth   "

 The pandemic has significantly altered people's social interaction preferences, which has decreased the market for bounding tables. Bounding table sales have been hampered by a number of issues, including a brief halt in international trade, a labour shortage, and raw material shortage.

REGIONAL INSIGHTS

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"North America to Hold the Largest Global Bounding Table Market Share in Some Regions "

  Due to rising consumer wealth and purchasing power, the North American market for binding tables has been increasing in recent years and is predicted to continue growing. The North American market commands the largest revenue share in the global market as a result of the Olympic trampoline sport's high level of popularity and the increasing number of athletes in the area. Also, a significant factor influencing the expansion of the global boundary table is the rising number of parks in the area. Due to rising kid obesity concerns and widespread health consciousness, parents are adopting home billiard tables at a significant rate.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• JumpSport(U.S)
• Skywalker (U.S.)
• Pure Fun (U.S.)
• Vuly(Australia)
• Domijump(China)
• Upper Bounce (U.S.)
• Airmaster Trampoline (U.S.)
• Luna (U.S.)
• Springfree(Austraila)
• Jump King (U.S.)
• Sportspower(Australia)
• Plum Products (India)
• Fourstar(U.S.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services, or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes several other factors that have contributed to recent bounding table market growth in some regions.