Fitness and Yoga Mats Market Size, Share, Growth, and Industry Analysis by Type (TPE, NBR, EVA, Natural Rubber, PVC & Other), By Application (Fitness Center/Gym, Household & Others), Regional Forecast to 2031

Updated On: 22 April 2024

Fitness and Yoga Mats Market REPORT OVERVIEW

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The global fitness and yoga mats market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

A fitness and yoga mats are a specific kind of yoga mat made for use during physical activity and exercise, such as Pilates or yoga. Some of them have textured surfaces to prevent slippage, and they are thicker than typical yoga mats to offer greater cushioning. Fitness and yoga mats frequently include carrying straps for convenience. Due to changing lifestyles and greater work stress, there is a growing health consciousness among professionals who are employed. More people are using the product as a result. The global market is fueled by people's rising health consciousness.

They are primarily utilized to stop a person's surface energy waste and support keeping the body warm and energized when exercising. They stay injury-free while performing a certain yoga stretch, which raises desire for the good. To give customers a high level of comfort and relaxation, manufacturers are focused on the newest beneficial raw materials for yoga mats. The major market companies are also introducing items with enhanced comfort and eye-catching hues to attract customers, who are the products' primary consumers.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

For consumer goods companies, the COVID-19 outbreak resulted in issues like unstable markets, a decline in client confidence, and challenges with import and export business. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, chemicals, and other items has become challenging due to lockdowns. It had a financial impact on the markets for consumers in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. Producers of consumers are focusing on protecting their workforce, operations, and supply networks in order to handle this urgent situation. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall consumer industry. This has partially impacted the fitness and yoga mats market.

LATEST TRENDS

"Modern Products to Boost the Market Growth"

Modern goods are the main trend driving the market. The major purpose of the goods is to stop hands and feet from slipping when engaging in asanas. Traditional yoga styles such as hatha and meditation were performed on bare ground, ideally with a rug made of tiger or deer leather. Contemporary items balance price, comfort, grip, and weight while being built of plastic, rubber, and sporadically other materials like hessian and cork. Some claim that the product is one of the most prevalent examples of how exercise has been commercialized. This promotes market growth. People today are more inventive and incorporate workout routines. Customers all across the world have been making purchases based on three needs: security, amusement, and connection, following some consumer psychologists. Also, it is projected that the global market for the fitness and yoga mats will keep expanding for a while, largely as a result of people all over the world becoming more conscious of the need of leading healthy lives. Throughout the forecast period, this will drive the market. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the increased modern products will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Fitness and Yoga Mats Market SEGMENTATION

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• By Types 

Based on type, the market is classified into TPE, NBR, EVA, Natural Rubber, PVC & Other.

• By Application

Based on the market is categorized into Fitness Center/Gym, Household & Others.

DRIVING FACTORS

"Poor Health that Gives the Market Extra Boost"

Poor health is the main reason driving market growth. An unsustainable load of chronic diseases that varies by area, race, wealth, education, and sex is brought on by bad lifestyle decisions like obesity, inactivity, and a poor diet. The government is essential in addressing population health and lifestyle choices as well as lowering health disparities and chronic disease. The government's responsibilities also include monitoring, research, programming, healthcare access, quality assurance, and dietary and exercise advice (PA). Humans emphasize fitness and yoga mats as ways to prevent sickness. This results in higher product sales. Yet, if the government works cross-sectorally and engages the private sector, it may be possible to integrate many solutions. Demand for fitness and yoga mats is anticipated to rise as people become more aware of the health advantages of spiritual and yoga activities. The aforementioned elements will raise demand for the target market during the forecast period. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing poor health will boost the market. It will contribute to the expansion of the consumer goods industry and it will improve the overall fitness and yoga mats market growth.

"Clubs Membership to Encourage Market Expansion"

Yoga clubs are another aspect driving the market. Rising income levels will result in more people joining yoga clubs, which will enhance demand. Growing instances of health issues brought on by stress and worry encourage people to engage in fitness activities, which boosts purchase of associated goods. The need for yoga mats is driven by the expansion of health and fitness facilities, fitness studios, and yoga studios around the world. The demand for the fitness and yoga mats is also expected to rise as a result of an increase in seminars and events devoted to dharmic traditions and spiritual practices, whether online coaching or in-person coaching. This will boost consumer demand for the product and aid in the expansion of the sector as a whole. The aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"Raw Materials to Impede Market Expansion"

Raw materials are an impediment to the market. Price fluctuations for raw materials can stymie manufacturing and impede market expansion. The overall market is hampered by changes in the product's prices and supply. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Fitness and Yoga Mats Market REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for fitness and yoga mats in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in fitness center/gym & household is boosting the fitness and yoga mats market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

•    Mitsubishi Heavy Industries (Japan)
•    AML (U.S.)
•    Dynatex International (U.S.)
•    SUSS MicroTec (Germany)
•    Ev Group (Austria)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of fitness and yoga mats market. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.