Global Yoga Mat Market

Yoga Mat Market Size, Share, Growth Analysis, By Material(Natural Rubber, Polyvinyl Chloride, Polyurethane, Thermoplastic Elastomer), By End-use(Personal and Health Club), By Distribution Channel(E-commerce, Supermarket & Hypermarket, and Specialty Store), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25J2063 | Region: Global | Published Date: October, 2024
Pages: 265 | Tables: 91 | Figures: 76

Yoga Mat Market Dynamics

Yoga Mat Market Drivers

  • Increasing awareness of the advantages of yoga and spiritual practices: The demand for yoga mats is expected to surge as people become more aware of the health benefits of yoga and other spiritual practices. Rising instances of health issues brought on by stress and worry also encourage people to engage in fitness-related activities, which boosts the consumption of associated goods. The need for yoga mats is also driven by the expansion of health and fitness facilities, fitness studios, and yoga studios around the world.

Yoga Mat Market Restraints

  • The price fluctuations in raw materials used for manufacturing of yoga mats is projected to limit the market expansion: Yoga mats are made from a variety of basic materials, including natural rubber, polyvinyl chloride (PVC), thermoplastic elastomer (TPE), and polyurethane (PU). The polymers made from crude oil include polyvinyl chloride (PVC), thermoplastic elastomer (TPE), and polyurethane (PU). As a result, the price of crude oil directly affects the yoga mat market. Crude oil prices are always fluctuating, which has an adverse effect on the entire supply chain for yoga mats. While original equipment manufacturers (OEM) and suppliers of yoga mats are focusing on boosting prices in an effort to increase profits, they are also suffering losses and losing customers. Therefore, the price volatility of raw materials hinders the expansion of the yoga mat industry.
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Global Yoga Mat Market size was valued at USD 9.53 million in 2022 and is poised to grow from USD 9.81 million in 2023 to USD 12.43 million by 2031, growing at a CAGR of 3.0% in the forecast period (2024-2031).

The yoga mat market is highly fragmented due to a robust product range and a significant distribution network all over the world. Companies are focusing on product development and innovation in order to expand their customer base. Also, key players in the business are implementing the merger and acquisition strategy to increase their market revenue on a global scale. 'Lululemon Athletica Inc.', 'Manduka LLC', 'Jade Yoga', 'Hugger Mugger', 'PrAna', 'Gaiam', 'Nike, Inc.', 'Adidas AG', 'Puma SE', 'Under Armour, Inc.', 'Tomuno', 'Alo Yoga', 'Yoloha Yoga', 'Barefoot Yoga Co.', 'Hugger Mugger', 'Bean Products', 'Liforme Ltd.', 'Yoga Design Lab', 'Kharma Khare', 'Aurorae'

Increasing awareness of the advantages of yoga and spiritual practices: The demand for yoga mats is expected to surge as people become more aware of the health benefits of yoga and other spiritual practices. Rising instances of health issues brought on by stress and worry also encourage people to engage in fitness-related activities, which boosts the consumption of associated goods. The need for yoga mats is also driven by the expansion of health and fitness facilities, fitness studios, and yoga studios around the world.

Increasing use of recyclable and environmentally friendly plastics in the manufacturing of yoga mats: Major companies are concentrating on using materials that have minimal levels of fossil fuel byproducts throughout the manufacturing process as yoga fans spend more money on sturdy, enjoyable, and ecologically responsible goods and services. Furthermore, producers are now using environmentally friendly materials to create yoga mats as a result of rigorous regulations in some regions. In order to better serve the market, many yoga mat manufacturers are refocusing their efforts from PVC materials to thermal plastic elastic (TPE) products and other materials like regular elastic, cotton, and jute, which is expected to affect the global yoga mat market positively, over the forecast period.

Based on the region, the North American region currently dominates the global yoga mat market with respect to market share, due to the significant consumer expenditure on yoga and fitness-related products in nations like the United States and Canada. The presence of people with greater incomes is a major driver of market expansion in the region. Additionally, the region's growing availability of yoga and fitness facilities contributes to an increase in yoga mat usage.

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Global Yoga Mat Market

Report ID: SQMIG25J2063

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