About Hula Hoop
Indoor Fitness is Increasingly in demand post pandemic, and rising Healthcare awareness has led consumers explore alternatives effective for all body exercise. Hula Hoops come as a solution; hula is not only becoming a recognized sport but also people across different age groups can use it for fitness. When it comes to calorie burn, hula hooping is equivalent to other dance aerobic practices like salsa, swing dancing, and belly dancing. Balancing work, education, sports activities, is a challenging task. Hula hooping is an enjoyable way to work out while still spending time with your family. Hula hooping eliminates the need for a gym membership, noisy exercise classes, or standing in line to use a cardio machine. It's also cheap alternative, plus can be performed in any surrounding.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States, Chinese, and Indian Vendors will contribute the maximum growth to Global Hula Hoop market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Peloton Interactive Inc. (United States), Canyon Hoops (United States), Vectorx (India), Sports Hoop (United States), Stamina Products Inc. (United States), Sanfan Fitness Co. Ltd. (China), Teamforce Sports Co. Ltd. (China), Aofeite Medical Device Ltd. (China), Hong Jing Company (China) and Welldone Sports (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hula Hoop market by Type (Fitness hula hoop and Dance hula hoop), Application (Profession Player and Amateur Player) and Region.
On the basis of geography, the market of Hula Hoop has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline (Hypermarkets, Supermarkets, Multi-Brand Stores, Independent Retailers, Exclusive/Franchise Stores) will boost the Hula Hoop market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Child will boost the Hula Hoop market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Indoor Fitness Equipment
Market Growth Drivers:
Increasing Financial market share in Sports Industry and Demand for Health & Fitness
Challenges:
Raw Material Price Fluctuation and Other Indoor Fitness Products
Restraints:
Chances of Back/Spine Injury and Side Effects including Skin Irritation and Muscle Soreness
Opportunities:
Unexplored Markets
Market Leaders and their expansionary development strategies
In September 2020, Takasago International Corporation completed a long-term grapefruit tree founding agreement with Peace River Citrus Products and The Scotts Family Companies. This partnership aims to secure a sustainable supply of grapefruit peel oil, a key component in flavor and fragrance manufacturing.
On 15th March, 2021 - WellMed Launched a Statewide Hula-Hoop Challenge Workout Across Under its “WellMed Wednesday” Program. The Program is Aimed to raise Healthcare Awareness for All Age Groups free of Cost, it involves Physicians Engaging with Members to Undertake Fitness Activities.
Key Target Audience
Fitness Equipment Manufactures, New Entrants and Investors, Fitness Equipment Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.