Gymnastics Equipment Market Outlook and Growth Stance Forecasted Through 2028 || Key Players - Abéo SA, Norberts Athletic Products Inc., Marty Sports, Continental Sports Limited, Mizuno Corporation, Bänfer GmbH
The gymnastics equipment market report highlights various trends, drivers, and restraints impacting the demand and sales of gymnastics equipment. In-depth opportunity analysis and impact analysis on gymnastics equipment market can be used by the reader to enhance profitability. The report also covers information on major players participating in the gymnastics equipment market along with their key aspects.
Sales of gymnastics equipment is largely influenced by growing investment of individuals in recreational sporting activities. Fast paced lifestyle of people has triggered increasing participation of individuals in various recreational activities and gymnastics are no exception. Gymnastics as a recreational activity, has gained significant traction with an increasing number of people inclined toward participating in the sport at the global front. For instance, according to analysis of the Gymnastics Trade Association, more than 1.6 million residents from United States alone participated in gymnastics for recreation as well as on a competitive front in 2016 and the number is likely to increase in the coming years. Moreover, SFIA (Sports and Fitness Industry Association) reveals that participation in gymnastics as a recreational sporting activity is expected to gain popularity in the forthcoming years with around 84 percent core gymnastics enthusiasts being females. Rising popularity of gymnastics as a recreational activity is expected to fuel the demand for various gymnastics equipment, in turn supporting growth of the gymnastics equipment market during the period of forecast.
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Significant Increase in Sales of Gymnastics Equipment on the Back of Mushrooming Gymnastics Clubs
Realizing the benefits of gymnastics exercises and activities, gymnastics clubs are focusing on adding various activities in their facilities which is expected to drive the demand for gymnastics equipment such as high bars, horizontal bars, vaults and balance beams. This factor, coupled with mushrooming gymnastics clubs across regions in the globe is expected to complement the growth of the gymnastics equipment market during the period of forecast. According to the Federation Internationale de Gymnastique (FIG), a 5 percent increase in gymnastics clubs were recorded in 2016 and the gymnastics club industry is expected to further increase on the back of increasing participations and registrations. Rising number of gymnastics clubs is expected is expected to push the sales, thereby complementing growth of the gymnastics equipment market.
Demand for gymnastics equipment is likely to witness a steady increase with increasing number of championship initiatives worldwide. Several non-profit organizations and authorities are focusing on promotion of gymnastics equipment using gymnastics championships as a major platform. Apart from recreational quotient, this initiative has given a competitive touch to the sport, in turn supporting sales of gymnastics equipment worldwide. Moreover, championship initiatives have also pushed individuals to participate in national and international events which is expected to significantly contribute to the growth of the gymnastics equipment market. Recently, the Federation Internationale de Gymnastique (FIG) has announced its initiative to conduct gymnastics championships in China in November 2018. Similarly, the International Gymnastics Federation has also initiated Academy Level 2 Championships in Uzbekistan by inducing a premium touch to the event in a bid to attract participants and enthusiasts. This factor is expected to fuel demand and sales of advanced gymnastics equipment in the coming years, in turn augmenting growth of gymnastics equipment market.
Social Media Playing a Major Role in Influencing Youth Participation in Gymnastics
Pervasiveness of social media is expected to fuel the demand for the gymnastics as a fitness sport, consequently complementing sales of gymnastics equipment worldwide. Widespread reach of social media platform is likely to trigger enhanced participation of individuals in the sport, which is expected to spur sales of gymnastics equipment. Several documentaries, shows and films highlighting advantages of gymnastics embossing a significant impact on youth, which is poised to further increase the demand for gymnastics equipment worldwide.
The report on gymnastics equipment market includes an in-depth analysis on every segment of the market. Comprehensive analysis on gymnastics equipment market provides complete scrutiny on every aspect of gymnastics equipment delivering a 360 degree holistic outlook to the reader. In addition, in-depth segmentation of gymnastics equipment market offers detailed analysis of the influence of every segment on the market’s growth during the assessment period. The gymnastics equipment market is segmented on the basis of product type, sales channels and region. Analysis on various product types such as athletic bars (parallel bars, uneven bars and high bars), pommel horse, rings, balance beam, vault and floor. Various sales channels such as modern trade channels, VARs, direct to customer channels and third party online channels have been assessed that provide intelligence on the most efficient distribution channels in gymnastics equipment market. In addition, the report on gymnastics equipment market also covers information on sales and demand scenario of gymnastics equipment across key regions such as North America, Latin America, Europe, CIS & Russia, Asia Pacific (APAC) and Middle East and Africa (MEA). Country level analysis is also included in the report highlight assessment on United States, Brazil, Mexico, EU-4, United Kingdom, Benelux, Greater China, India, Japan, South Africa and Israel.
The gymnastics equipment market report provides a complete intelligence package to the reader by providing valuable insights on the key players involved in the manufacturing and distribution of gymnastics equipment. This chapter in the report provides assessment on key aspects such as product portfolios, SWOT analysis, key personnel, company overview, market shares, recent innovations and developments in design, and growth strategies. Key companies operating in gymnastics equipment market include ABEO SA, Marty Sports, Norberts Athletic Products Inc., Mizuno Corporation and American Athletic Inc.
France-based ABEO SA is working on consolidating its position in the sports equipment industry, as it aims to achieve a revenue base of €300 by the end of 2020. The ‘buy and build’ strategy of ABEO has led to the acquisition of many prominent companies, including Erhard Sport (Germany), Sportsafe (United Kingdom), Clip'n'Climb International (New Zealand), Meta (Germany), and Shandong Kangnas (China). Mizuno Corporation, another leading player in the sporting goods equipment market, is focusing on increase its net revenues in the Americas and EMEA. The company is heavily dependent on Japanese market for its overall revenue share, with the country accounting for over two-third revenue share. CSR and branding activities also remain a key focus area for sports equipment companies, with American Athletic Inc., one of the key players in gymnastics apparatus in the US, partnering with USA Gymnastics through 2022. Other stakeholders in the market are focusing on increasing awareness among consumers through CSR and marketing campaigns.
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