Pune, March 02, 2020 (GLOBE NEWSWIRE) -- Global Yoga Accessories Market report covers the market potential for each geographical region based on the growth rate, consumer buying patterns, and market demand and supply scenarios. Yoga Accessories Market report provides analysis with market share, size, latest trends, leading key players, types and applications, opportunities, risks, development factors, revenue, suppliers, consumption.
About Yoga Accessories Market
Innovation plays a vital role in the global yoga accessories market not only because it helps to differentiate the products of one market player from that of another, but also because it improves the performance of users. Many vendors have started offering innovative yoga accessories such as mats in various colors, patterns, and designs. The vendors offer yoga mats that are developed from natural jute and rubber. Consumers are willing to invest heavily in these premium products due to factors like superior quality and durability. The launch of such innovative and premium products is expected to help vendors widen their profit margins and gain a competitive edge during the forecast period. analysts have predicted that the yoga accessories market will register a CAGR of almost 7% by 2023.
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Top Manufacturers of Yoga Accessories Market:
• Barefoot Yoga Co.
• JadeYoga
• lululemon athletica
• Manduka
• sequential brands group, inc.
Market Overview
Growing number of yoga practitioners
The increase in the number of yoga practitioners across the world is driving the market for yoga accessories. Yoga is gaining popularity as a form of fitness activity, especially in North America. The increasing awareness of yoga and a subsequent rise in the number of people practicing it in most parts of the world will directly influence the sales of yoga products, including accessories.
Fluctuating raw material prices
In recent times, key manufacturers such as lululemon athletica are experiencing fluctuations in their profit margins due to the fluctuating prices of raw materials. Additionally, due to the non-availability of good quality polyester fibers, their prices are also rising. Subsequently, such volatility is resulting in high prices of yoga accessories made using these raw materials.
For the detailed list of factors that will drive and challenge the growth of the yoga accessories market during the 2019-2023, view our report.
Competitive Landscape
The yoga accessories market appears to be fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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Detailed TOC of Yoga Accessories Market
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
• 2.1 Preface
• 2.2 Preface
PART 03: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 04: MARKET SIZING
• Market definition
• Market sizing 2018
PART 05: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
• Market segmentation by distribution channel
• Comparison by distribution channel
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY PRODUCT
• Market segmentation by product
• Comparison by product
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 11: MARKET TRENDS
• Growing enrolment in fitness and health clubs
• Increasing introduction of smart mats
• Increase in availability of custom yoga mats
PART 12: VENDOR LANDSCAPE
• Overview
• Landscape disruption
• Competitive scenario
PART 13: VENDOR ANALYSIS
• Vendors covered
• Vendor classification
• Market positioning of vendors
• Barefoot Yoga Co.
• JadeYoga
• lululemon athletica
• Manduka
• sequential brands group, inc.
PART 14: APPENDIX
• Research methodology
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