Yoga Mat Market Research Report -Forecast till 2030

Yoga Mat Market Research Report Information by Type (PVC Yoga Mats, Rubber Yoga Mats, TPE Yoga Mats, Cotton Yoga Mats and others), End-User (Adults and Children), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Specialty Stores and others] and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030

ID: MRFR/CR/7018-HCR | 111 Pages | Author: Snehal Singh | October 2023         

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Yoga Mat Market Overview

Yoga Mat Market Size is projected to reach USD 11.78 Billion by 2030 at a CAGR of 5.40% from 2022-2030. The best things about the Yoga mats are that they are utilized while practicing to keep hands and feet stable and forestall wounds. The rising interest for wellness gear and extras is relied upon to drive Market development. In 2021, the market for wellness gear was esteemed at roughly USD 10 billion. Exceptional rivalry inferable from an enormous number of provincial and nearby players in the market is driving makers to zero in on item advancement and improvement. Makers have presented yoga mats with different marks like natural, non-poisonous, without phthalate, and eco-accommodating.

You must know that the Yoga mats are made out of elastic, which helps offer sitting help while rehearsing yoga. Yoga mats are generally being utilized because of the developing fame of yoga all around the globe. Various state-run administrations are likewise advancing the advantages of rehearsing yoga alongside the blend of Ayurveda. The developing wellbeing and awareness among individuals all around the globe is an essential factor driving the Yoga Mat Market.

Additionally, developing number of yoga studios, expanded reception of yoga by a colossal number of the populace because of its few medical advantages and drives are taken by the public authority in certain areas of the Market Revenue. Item development and tendency toward mats produced using traditional materials will additionally set out new open doors for the yoga mat market in the conjecture time frame referenced previously. Moreover, producers have been zeroing in on giving yoga mats upgraded solace, more accommodation, and various material choices to buyers to acquire a strategic advantage in the worldwide Yoga Mat Market.

Covid-19 Analysis

The COVID-19 outbreaks have affected virtually every one of the nations across locales, their financial presentation, and the circulation channels of the multitude of businesses. Notwithstanding, the wellbeing area and its associated market have seen a positive effect because of the pandemic. The pandemic has decidedly affected the worldwide Yoga Mat Market, a piece of the wellness and medical care items markets. This has been made conceivable by the improved web-based business exercises of millions of buyers worldwide.

As per various buyers' therapists, individuals throughout the planet have been buying things dependent on three necessities in order to secure, engage, and connect. Furthermore, the worldwide Yoga Mat Market is projected to observe consistent development, even after the pandemic dies down, significantly because of the expansion in mindfulness regarding the sound way of life among individuals throughout the planet.

Market Dynamics

Significant Market drivers

An increase in the popularity of Yoga is considered as the major factor that is driving the growth of the Yoga Mat Market in the forecasted period. Yoga has become progressively well known in recent years. In light of yoga insights worldwide, yoga has been recorded among the ten most famous wellness exercises on the planet. The Worldwide Survey of Fitness Trends for 2022 records yoga among the "Hottest wellness tend" on the planet for that year. The ascent in the act of yoga has prompted a flood popular for particular gear and frill, for example, yoga and exercise mats. Consequently, the ascent in the fame of yoga is projected to drive the development of the Market share.

Market restraints

The unpredictability of natural substance costs is hampering the growth of the Yoga Mat Market. You must know that the mat business is by implication reliant upon raw petroleum costs. As oil is aware, it will, in general, observer expanded vacillations in costs. Fluctuating product costs observe a huge effect on the incomes and profit of organizations in their environment. Unpredictability in oil costs has progressively influenced different organizations, going from retailers to plastics producers, like Polyvinyl Chloride. Natural substance providers are attempting to acquire a benefit, and yoga mat providers and OEMs are zeroing in on raising costs, be that as it may, enduring misfortunes and a lessening in client base. Thus, unpredictability in unrefined substance costs goes about as a restriction in developing the Yoga Mat Market.

Market Opportunities

The utilization of eco-accommodating and biodegradable materials is offering new and updated opportunities in the Yoga Mat Market. As yoga fans incline toward spending on solid, agreeable, and climate well-disposed items and administrations, influential organizations are zeroing in on using parts that administer low fossil fuel byproduct levels during the assembling system. Besides, rigid unofficial laws across areas have urged makers to put resources into climate agreeable parts for creating yoga mats. Yoga mat producers are moving their concentration from using PVC materials to warm plastic elastomer (TPE) materials and others like normal elastic, cotton, and jute to line up with severe unofficial laws.

Market Challenges

Accessibility of options in contrast to yoga and exercise mat is creating major challenges in the growth of the Yoga Mat Market. A yoga/practice mat gives a strong surface and has a decent grasp, making the training more open in general. The hold or tenacity of a mat is presumably the main factor, because of which it observes expanded use. Numerous wellness specialists practice at home, especially in South Asian nations, like India, and don't want to rehearse on a mat. This represents a significant test for producers, affecting the development of the Yoga Mat Market.

Market Segmentation

By material

Based on material, the Polyvinyl Chloride (PVC) portion represented the biggest portion of the Yoga Mat Market in 2022. PVC is utilized to assemble yoga and exercise mats as it is less expensive than different polymers, gives adaptability, sturdiness, and is also simpler to wash than different materials. Subsequently, PVC is liked for assembling minimal expense yoga mats.

By end-use

Based on end-use, the individual fragment represented the biggest piece of the pie in 2022. Yoga and exercise mats observer expanded reception for at-home exercises, as they are utilized as hotness defenders, retaining wipes, in garden laying, and other sporting exercises. These mats offer more than premise functionalities, because of which their utilization has been consistently expanding in the buyer Yoga Mat Market.

By Distribution channels

Based on the distribution channel, the web-based business portion represented the biggest portion of the Market in 2022. Internet business circulation is generally utilized for growing business exercises, through which items can be offered to clients without the requirement for a retail shop. This distribution channel has been becoming because of the headways in innovation and web availability. Organizations have had the option to arrive at their expected clients by setting on the web stores where the items presented by producers can be gotten to around the world.

Regional Analysis

According to the regional Analysis report, Asia-Pacific is considered the major Yoga Mat Market in 2022, representing the most extreme offer. This is credited to increment the number of yoga specialists and flood in the reception of yoga mats from India, China, Japan, and Australia. Expansion in drives by government and wellness clubs to elevate yoga is relied upon to drive the market for yoga extras in the region, at last propelling the development during the Market figure.

Key Market Players

The major players of the Market are mentioned below:-

  • Lululemon Athletica Inc (Canada)

  • Adidas AG (Germany)

  • Sequential Brands Group Inc. (US)

  • Airex AG (Switzerland)

  • Fabrication Enterprises, Inc. (US)

  • Under Armour, Inc. (US)

  • Columbia Sportswear Company (US)

  • La Vie Boheme Yoga (US)

  • Manduka LLC (US)

  • Jade Yoga (US)

  • Hugger Mugger Yoga Products (US)

  • Liforme Ltd. (UK)

  • Barefoot Yoga Co. (US)

Quanzhou Sansheng Rubber Plastic Foamed Shoes Materials Co., Ltd. (China)

Recent development

In July 2022, Lululemon Athletica Inc. entered an authoritative consent to secure MIRROR (US), an in-home wellness organization, for a valuation of USD 500 million.

In January 2022, Columbia Sportswear Company (CSC) procured the leftover 40% premium in Columbia Sportswear Commercial (Shanghai) Company, its joint endeavor in China with Swire Resources Limited.

Market Report Overview

  • Market overview

  • Global recognition of Market Analysis

  • Analysis based upon COVID 19

  • Explanation upon the Market Outlook

  • Value chain analysis for the Market Report.

  • Market segmentation overview

  • The regional analysis of Market Forecast overview

  • Competitive landscape analysis

  • Recent Developments of Market Trends

The report highlights that the global Market Growth development includes its revenue hike's growth potential by the end of the forecast years in 2030.

Report Scope:

Report Attribute/Metric Details
  Market Size    USD 11.78 Billion
  CAGR    5.40% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2021
  Forecast Units    Value (USD Billion)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By End-User, By Distribution Channel, and Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Lululemon Athletica Inc (Canada), Adidas AG (Germany), Sequential Brands Group Inc. (US), Airex AG (Switzerland), Fabrication Enterprises Inc. (US), Under Armour Inc. (US), Columbia Sportswear Company (US), La Vie Boheme Yoga (US), Manduka LLC (US), Jade Yoga (US)
  Key Market Opportunities   Growing demand for yoga equipment and accessories
  Key Market Drivers   utilization of eco-accommodating and biodegradable materials is offering new and updated opportunities in the Yoga Mat Market

Frequently Asked Questions (FAQ) :

Yoga Mat Market is projected to grow at a 5.40% CAGR between 2022-2030.

The Asia Pacific is expected to dominate the Yoga Mat Market.

Yoga Mat Market is predicted to touch USD 11.78 billion by 2030.

PVC yoga mats will lead the Yoga Mat Market.

Fluctuating raw material prices may limit the Yoga Mat Market growth.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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