Global Yoga Accessories Market Outlook Report (2019-2023): Projected to Record a CAGR of Approx 7% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 21, 2019--The “Global Yoga Accessories Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The yoga accessories market will register a CAGR of almost 7% by 2023.
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.
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.
The yoga accessories market appears to be fragmented 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.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/research/qk4v2p/global_yoga?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190221005445/en/
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SOURCE: Research and Markets
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PUB: 02/21/2019 06:41 AM/DISC: 02/21/2019 06:41 AM