Gymnastic Equipment Market will grow by $7.71 bn from 2021 to 2025 | North America to emerge as key region | Discover more insights by Technavio

NEW YORK, Sept. 29, 2021 /PRNewswire/ — The gymnastic equipment market size to grow by USD 7.71 billion, decelerating at a…

NEW YORK, Sept. 29, 2021 /PRNewswire/ — The gymnastic equipment market size to grow by USD 7.71 billion, decelerating at a CAGR of 18.52% from 2021 to 2025. This market research report by Technavio offers key insights into the latest drivers, challenges, and trends, as well as an analysis of the best-performing regions and market segments.

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Drivers and Challenges

Technavio has identified the major drivers and challenges that impact the gymnastic equipment market. According to our research, the increased awareness about healthy lifestyles is driving the growth of the market. However, factors such as the availability of counterfeit products may hamper market growth during the forecast period.

COVID-19 impact

The COVID-19 pandemic brought the world to a standstill and impacted many markets and industries in different ways. Technavio’s report market provides a thorough analysis of the effect of the pandemic on the gymnastic equipment market. The business impact of COVID-19 on the gymnastic equipment market during 2021-2025 is expected to result in negative and inferior growth.

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Market Segmentation

The gymnastic equipment market has been segmented by geography into North America, APAC, Europe, MEA, and South America. North America will lead the market during the forecast period, with the US being the key revenue-generating economy. 

Based on distribution channel, the gymnastic equipment market has been segmented into offline and online segments. The offline distribution channel will have significant growth during the forecast period owing to factors such as business expansion and the rising number of hypermarkets, supermarkets, and departmental stores of major retailers.

Some of the Key Vendors and their Offerings:

Technavio has identified key vendors operating in the market. These include ABEO SA, AK Athletic Equipment Inc., ANTA Sports Products Ltd., Continental Sports Ltd., Life fitness, Nautilus Inc., Norberts Athletic Products Inc., and TECHNOGYM Spa. The key offerings of some of these vendors are mentioned below:

  • ABEO SA: The company offers gymnastic equipment such as mini-gymnastics four station frame and double rebounder Just for Kids.
  • AK Athletic Equipment Inc.: The company offers gymnastic equipment such as watercolor monogram folding gymnastic mats and others.
  • ANTA Sports Products Ltd.: The company offers gymnastic equipment through its subsidiary Amer Sports Corp.

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Scope of Gymnastic Equipment Market Report:

Report coverage

Details

Base Year

2020

Forecast Period

2021-2025

Incremental Growth

$ 7.71 billion

CAGR

Decelerating at 18.52%

No. of Pages

120

Segmentation

By geography:-

  • North America
  • APAC
  • Europe
  • MEA
  • South America

By distribution channel:-

  • Offline
  • Online

Drivers

  • Rise in childhood obesity
  • Increased awareness about healthy lifestyle
  • High prevalence of gymnastic associations

Challenges

  • Availability of counterfeit products
  • Low adoption and availability in emerging countries
  • Availability of alternate sports

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Table of Content:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis

For more valuable insights, view our report snapshot!

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research

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Email: media@technavio.com

Website: www.technavio.com/

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