What is Gym Mats?
A gym mat is a piece of foam that is used to maintain a good grip on the floor, ensuring a safe workout session. It can also be used in other general exercise practices like gymnastics and martial art training. Thicker gym mat absorbs more of the shock that comes from slipping, falling, and jumping. It is widely used in gyms to prevent injuries that may occur from exercising on a hard floor.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | IKEA (Netherland), Lululemon Athletica (Canada), Gaiam (United States), Kapoor Oil Mills (India), Samrat Polymers (India) and Rudong Xuanqin Sporting Co. (China) |
CAGR | 6.6% |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Household, Health Clubs, Gyms and Others) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Gym Mats market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Gym Mats market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are IKEA (Netherland), Lululemon Athletica (Canada), Gaiam (United States), Kapoor Oil Mills (India), Samrat Polymers (India) and Rudong Xuanqin Sporting Co. (China).
Market Overview:
In February. 2022 Planet Fitness, Inc. (together with its subsidiaries, the "Company") announced that it has completed its previously announced acquisition of Sunshine Fitness Growth Holdings, LLC ("Sunshine Fitness") and refinancing transaction.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Influencing Trend:
Increasing R&D Activities for Development of Sustainable and Biodegradable Material for Gym Mats
Market Growth Drivers:
Increasing Health Conscious People Across the Globe and Increasing Awareness About Exercise and Increasing Number of Gyms and Health Clubs Across the Globe
Challenges:
Difficulty in Cleaning the Mats
Restraints:
Low-Temperature Protection and Rubbery Smell of the Rubber Gym Mats
Opportunities:
Emerging Trend of Personal Gyms Due to Outbreak of Covid-19
Key highlights of the Global Gym Mats market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Gym Mats market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Gym Mats market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Gym Mats Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gym Mats market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Gym Mats market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Gym Mats Manufacturers, Suppliers and Distributors of Gym Mats, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.