Yoga and Exercise Mats Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193438
  • Format: Electronic (PDF)
  • Number of Pages: 212
  • Author(s): Joshi, Madhavi

Report Overview

The Yoga and Exercise Mats Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 6.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.80% during the forecast period (2024-2030).

Yoga and Exercise Mats Market

(Market Size)
$3.2 billion
$6.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.80%
2023 Market Size USD 3.2 billion
2030 Market Size USD 6.5 billion
Key Players Lululemon, Manduka, Jade Yoga, Gaiam, Hugger Mugger

Market Summary

The yoga and exercise mats market is a dynamic segment within the consumer goods industry, characterized by steady demand driven by growing health consciousness and the popularity of fitness activities worldwide. These mats are essential accessories for yoga practitioners, gym enthusiasts, and individuals engaging in home-based workouts, providing comfort, support, and safety during exercises. The market caters to a diverse consumer base, including professional athletes, fitness centers, and casual users, with products varying in material, thickness, texture, and eco-friendliness. Innovation is a key trend, with manufacturers focusing on developing sustainable materials such as thermoplastic elastomers, natural rubber, and recycled components to appeal to environmentally conscious buyers. The rise of online retail platforms has significantly expanded market reach, allowing consumers to access a wide array of products from global brands. Additionally, the integration of advanced features like non-slip surfaces, antimicrobial properties, and enhanced durability is shaping product development. The market is highly competitive, with both established players and new entrants vying for market share through product differentiation and strategic marketing. As fitness trends continue to evolve, the yoga and exercise mats market is expected to maintain its growth trajectory, supported by increasing participation in wellness activities and the expansion of fitness infrastructure globally.

Key Highlights

The yoga and exercise mats market showcases several key highlights that underscore its significance and potential. A prominent trend is the shift towards eco-friendly and sustainable products, with consumers increasingly preferring mats made from natural rubber, cork, or recycled materials, reflecting broader environmental concerns. Technological advancements have led to the development of smart mats equipped with sensors to track workouts and provide feedback, enhancing the user experience. The market benefits from the growing popularity of home fitness solutions, accelerated by recent global events that prompted individuals to invest in personal workout equipment. Brand positioning and marketing strategies play a crucial role, with companies like Manduka, Lululemon, and Jade Yoga leveraging influencer partnerships and digital campaigns to strengthen their presence. Customization and personalization are emerging as competitive differentiators, allowing consumers to choose mats based on specific needs such as thickness for joint protection or texture for grip. The expansion of distribution channels, including e-commerce and specialty stores, has made products more accessible, while collaborations with fitness influencers and yoga instructors help drive consumer engagement and loyalty.

Drivers, Opportunities & Restraints

Several drivers propel the yoga and exercise mats market forward, including increasing health awareness and the rising participation in fitness activities globally. The growing emphasis on mental and physical well-being has led more consumers to adopt yoga and exercise routines, boosting demand for high-quality mats. Opportunities abound in the development of innovative products, such as biodegradable and antimicrobial mats, which cater to environmentally conscious and health-focused segments. The expansion of online retail platforms offers significant growth potential, enabling brands to reach a wider audience and provide personalized shopping experiences. However, the market faces restraints, including intense competition that pressures pricing and margins, potentially limiting profitability for smaller players. Fluctuations in raw material prices, particularly for natural rubber and thermoplastic elastomers, can impact production costs and lead to price volatility. Additionally, the presence of low-quality, counterfeit products in some regions may erode consumer trust and brand reputation. Despite these challenges, the market's alignment with wellness trends and sustainability initiatives presents ample opportunities for innovation and expansion.

Concentration Insights

The yoga and exercise mats market exhibits a concentrated competitive landscape, with a few key players dominating significant market share. Established companies such as Manduka, Lululemon, and Jade Yoga have built strong brand loyalty through consistent product quality, innovation, and effective marketing strategies. These leaders focus on premium segments, offering high-performance mats with advanced features like extra cushioning, non-slip surfaces, and eco-friendly materials. The market also includes numerous mid-sized and small manufacturers that compete on price, customization, and niche targeting, such as mats designed for specific yoga styles or children's use. Geographically, North America and Europe hold substantial market concentration due to high consumer awareness and disposable income, while Asia-Pacific is emerging as a lucrative region with growing fitness trends. Consolidation activities, including mergers and acquisitions, are common as companies seek to enhance their product portfolios and expand their global footprint. Overall, the market's concentration highlights the importance of brand strength, innovation, and strategic positioning in capturing and retaining consumer interest.

Type Insights

Yoga and exercise mats are available in various types, each catering to different consumer preferences and needs based on material, thickness, and functionality. PVC mats are widely popular due to their durability, affordability, and ease of cleaning, making them a common choice for beginners and gyms. However, environmental concerns have spurred demand for eco-friendly alternatives, such as natural rubber mats, which offer excellent grip and biodegradability but may come at a higher price point. TPE (thermoplastic elastomer) mats are gaining traction as a middle ground, providing lightweight, recyclable, and non-toxic options with good cushioning. Cork mats are appreciated for their natural antimicrobial properties and sustainability, appealing to health-conscious users. Additionally, specialized mats like extra-thick versions for joint support or travel-friendly foldable mats address specific use cases. Innovations continue to emerge, including hybrid materials and perfomance-enhanced surfaces that improve traction and comfort. The diversity in mat types allows manufacturers to target distinct segments, from budget-conscious consumers to premium enthusiasts seeking advanced features.

Application Insights

The application of yoga and exercise mats spans multiple segments, reflecting their versatility in various fitness and wellness contexts. Primarily, these mats are essential for yoga practices, providing the necessary grip, cushioning, and stability for poses and meditation. They are also widely used in gyms and fitness centers for activities like Pilates, stretching, and floor exercises, where shock absorption and hygiene are critical. The home fitness segment has seen remarkable growth, with consumers investing in personal mats for workout routines, driven by trends like online fitness classes and convenience. Commercial applications include use in sports facilities, rehabilitation centers, and corporate wellness programs, highlighting the mats' role in promoting health beyond individual use. Specialized applications, such as mats for hot yoga with enhanced sweat resistance or travel mats for portability, demonstrate the market's adaptability to niche demands. The broadening application scope is fueled by increasing health consciousness and the integration of fitness into daily lifestyles, ensuring sustained demand across diverse user groups.

Regional Insights

The yoga and exercise mats market demonstrates distinct regional dynamics influenced by cultural trends, economic factors, and consumer behavior. North America holds a significant share, driven by high health awareness, widespread fitness culture, and the presence of major brands like Lululemon and Gaiam. Europe follows closely, with countries like Germany and the UK showing strong demand for premium and eco-friendly products, supported by robust retail networks and wellness initiatives. The Asia-Pacific region is emerging as a high-growth market, fueled by increasing disposable incomes, rising participation in yoga, and expanding fitness infrastructure in countries such as India and China. Latin America and the Middle East & Africa are witnessing gradual growth, attributed to growing urbanization and health consciousness, though market penetration remains lower compared to developed regions. Regional preferences vary; for instance, North American consumers often prioritize innovation and brand value, while Asian markets may focus more on affordability and functionality. These insights underscore the importance of tailored strategies for regional expansion and product localization.

Company Insights

The yoga and exercise mats market features a competitive array of companies, ranging from established giants to innovative startups. Key players like Manduka are renowned for their high-performance, durable mats often used by professionals, leveraging certifications and sustainability claims to enhance credibility. Lululemon leverages its strong brand identity and retail presence to offer premium mats integrated with lifestyle products, appealing to fashion-conscious fitness enthusiasts. Jade Yoga focuses on eco-friendly offerings, using natural rubber and planting trees for each mat sold, which resonates with environmentally aware consumers. Other notable companies include Gaiam, known for accessible and versatile mats, and prAna, which emphasizes sustainable materials and ethical production. Emerging players often disrupt the market with niche products, such as lightweight travel mats or smart mats with digital features. Competitive strategies emphasize product innovation, strategic partnerships with fitness influencers, and expansion into e-commerce channels to capture growing online demand. The landscape is dynamic, with companies continuously adapting to trends like sustainability and digital integration to maintain relevance and drive growth.

Recent Developments

Recent developments in the yoga and exercise mats market highlight a focus on sustainability, technology integration, and market expansion. Many leading companies have launched eco-friendly product lines, utilizing materials like recycled rubber or organic cotton to reduce environmental impact and meet consumer demand for green alternatives. Technological innovations include the introduction of smart mats with embedded sensors that connect to apps, providing users with real-time feedback on posture and workout metrics, enhancing the interactive fitness experience. Strategic collaborations have been prominent, such as partnerships between mat manufacturers and fitness influencers or yoga studios to co-create products and boost brand visibility. Additionally, companies are expanding their digital footprint through enhanced e-commerce platforms and social media marketing to engage with a broader audience. There is also a trend towards customization, allowing consumers to personalize mats with designs or specific features. These developments reflect the market's responsiveness to evolving consumer preferences and the ongoing push towards innovation and sustainability in the consumer goods sector.

Report Segmentation

This report on the yoga and exercise mats market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The segmentation is based on type, which includes categories such as PVC mats, rubber mats, TPE mats, and other eco-friendly materials, each analyzed for their market performance and consumer adoption. Application segmentation covers uses in yoga, gyms, home fitness, and commercial settings, highlighting demand patterns and growth prospects across these segments. Regional segmentation breaks down the market into key geographies including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, examining regional trends, market size, and opportunities. Additionally, the report segments the market by distribution channel, such as online retail, specialty stores, and supermarkets, to understand sales dynamics and consumer purchasing behavior. Each segment is evaluated through qualitative and quantitative analysis, providing stakeholders with actionable insights into market drivers, challenges, and competitive landscapes. This structured approach enables a thorough understanding of the market's multifaceted nature and aids in strategic decision-making for businesses and investors.

FAQs

What materials are commonly used in yoga mats? Yoga mats are typically made from PVC, natural rubber, TPE (thermoplastic elastomer), or eco-friendly materials like cork and jute. Each material offers distinct benefits; for example, PVC provides durability and affordability, while natural rubber offers excellent grip and sustainability.

How do I choose the right yoga mat? Choosing the right yoga mat depends on factors such as thickness for cushioning, texture for grip, material for eco-friendliness, and intended use (e.g., hot yoga requires sweat-resistant properties). Beginners may prefer thicker mats for comfort, while professionals might prioritize grip and durability.

What are the benefits of using an exercise mat? Exercise mats provide cushioning to protect joints during workouts, offer non-slip surfaces for safety, enhance comfort for floor exercises, and help define a personal space in group settings. They also support hygiene by providing a barrier between the user and the floor.

Are there eco-friendly yoga mat options? Yes, eco-friendly yoga mats are available, made from materials like natural rubber, cork, TPE, or recycled products. These options are biodegradable, non-toxic, and sustainably produced, appealing to environmentally conscious consumers.

How do I clean and maintain a yoga mat? Yoga mats can be cleaned with mild soap and water or specialized mat cleaners. Regular maintenance involves air drying, avoiding direct sunlight to prevent degradation, and storing rolled or flat to maintain shape. Proper care extends the mat's lifespan and ensures hygiene.

What is the difference between yoga mats and exercise mats? Yoga mats are generally thinner and designed for grip and stability during yoga poses, while exercise mats may be thicker to provide extra cushioning for high-impact activities like Pilates or gym workouts. However, many mats are versatile and suitable for multiple uses.

Citius Research has developed a research report titled “Yoga and Exercise Mats Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Yoga and Exercise Mats Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Yoga and Exercise Mats Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Yoga and Exercise Mats Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Yoga and Exercise Mats Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Yoga and Exercise Mats Market
• Research Methodology
• Executive Summary
• Market Dynamics of Yoga and Exercise Mats Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Yoga and Exercise Mats Market
• Cost and Gross Margin Analysis of Yoga and Exercise Mats Market
• Yoga and Exercise Mats Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Yoga and Exercise Mats Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Yoga and Exercise Mats Market Key Stakeholders

Below are the key stakeholders for the Yoga and Exercise Mats Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Yoga and Exercise Mats Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Yoga and Exercise Mats Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Yoga and Exercise Mats Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Yoga and Exercise Mats Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Yoga and Exercise Mats Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Yoga and Exercise Mats Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Yoga and Exercise Mats Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Yoga and Exercise Mats Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Yoga and Exercise Mats Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Yoga and Exercise Mats Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Yoga and Exercise Mats Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Yoga and Exercise Mats Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Yoga and Exercise Mats Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Yoga and Exercise Mats Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Yoga and Exercise Mats Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Yoga and Exercise Mats Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Yoga and Exercise Mats Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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