The global Yoga and Meditation market is estimated to garner USD 20,532.44 million by 2032, up from USD 5,295.07 Million in 2022, expanding at a significant CAGR of 18.10% during the forecast period. These insights are based on a report on Yoga and Meditation Market by Future Market Insights (FMI).
This growth will occur at a substantial CAGR of 18.10% over the projected period. Sales of personal workout mats have surpassed previous levels, in line with the present demand for yoga and several other fitness regimens. Manufacturers who offer value-added items at reduced prices are likely to see development as a result of the growing fitness and wellness culture.
The goal of this study is to impart deeper understanding about the personal exercise mats market size, revenue share, Y-o-Y growth, market dynamics, competitive landscape, and much more in order to better understand the current situation throughout the market. The methodical compilation of this assessment makes it useful for both new competitors and established players to develop their long-term plans. According to this report, sales of personal exercise mats surpassed 130 thousand units in 2018. By the end of 2019, it is anticipated that sales would register a Y-o-Y growth of 7%.
There has been a standard shift of consumers to improved lifestyle practices which has indeed functioned as a prominent factor supporting sales of personal exercise mats. Furthermore, the report highlights that an increasing count of institutional buyers would reinforce strong demand determinant in the coming years.
Technologically advanced mat variants becoming prime focus for manufacturers
Manufacturers are advancing with the implementation of cutting-edge technology to offer long-lasting, anti-skid, sweat-proof, and other options for personal exercise mats in the market.
However, the market appeal of personal exercise mats has been actively stimulated by the continuously increasing penetration of these mats, which provide a calming sensation and are useful during yoga and meditation. It’s interesting to see that businesses like Blank Yoga have concentrated their efforts on the creation of self-cleaning yoga mats, a product that is anticipated to grow in popularity in the global market for personal workout mats.
North America to dominate sales across personal exercise mats market
Talking about the regional market share, North America has been the leading contributor towards the sales of personal exercise mats. Furthermore, this report acme that the gains have been remarkable in European market, attributing to the intense surge in institutional sales of personal exercise mats. As per the assessment, the personal exercise mats market would also stay influenced by the growing count of yoga and Pilates practitioners, especially, across non-traditional markets.
It has been noticed that, the global market will tend to deliver a fragmented landscape, since prime leaders, such as EuProMed s.r.o., Airex AG, Baya, Lotus Design, Equilibrium DFS and Ecoyoga Ltd., are increasing their R&D investments, thereby, aiming for innovative product line-ups. Moreover, a majority of brands contending in the personal exercise mats industry are gaining from the mounting potential of European market, and proliferation of E-commerce to trade yoga mats. Each of the mentioned manufacturer in this report is analyzed in terms of sales footprint, product portfolio and strategy overview. All such clear-cut data points make this assessment a rich source that bifurcates the global personal exercise mats for better discernment.
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