Press release
Gymnastics Equipment Market is projected to reach $9.4 billion by 2030 : Cognitive Market Research
Gymnastics Equipment Market is projected to reach $9.4 billion by 2030 : Cognitive Market Research
- Gymnastics is a sports activity in which agility, strength, coordination, stamina, flexibility, and balance are combined. Gymnastics facilities are simply those used for conducting gymnastics events. Equipment used in gymnastics competitions, including the vaulting table, uneven bars, balance beam, horizontal bars, parallel bars, the pommel horse, and still rings.
Summary:
- As per our research, North America is dominating the global gymnastics equipment market and is projected to grow from USD $5.43 billion in 2022 to USD $9.4 billion in 2030 at a CAGR of 3.8% in the forecast period, 2023-2030. Based on types of the equipment, the market is segmented into Athletic Bars, Pommel Horse, Rings, Balance Beam, Vault, and others.
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Market Dynamics:
- Increased awareness about healthy lifestyles, rise in participation of female athletes in gymnastics, development of sports infrastructure, a growing number of gymnastics clubs and rise in childhood obesity, are some of the key driving factors for the gymnastics equipment market. For instance, according to the Centers for Disease Control and Prevention, the prevalence of obesity was 19.7% and affected about 14.7 million children and adolescents between the years 2017-2020.
Further, growing e-commerce platforms, and government initiatives for gymnastics sports can create lucrative opportunities for the gymnastics equipment market. However, factors such as the availability of counterfeit products, and lack of awareness among the people regarding the benefits of gymnastics may hamper market growth during the forecast period.
Market Segmentation:
Type:
• Athletic Bars
• Pommel Horse
• Rings
• Balance Beam
• Vault
• Others
Distribution Channel:
• Online
Online distribution channel involves distribution through E-commerce platforms such as Amazon, Flipkart, Walmart, Instakart, and others. Nowadays, due to increasing digitalization, and the use of smartphones, it is easier to buy products on e-commerce platforms.
• Offline
Offline distribution channel involves the distribution of products through hypermarkets, supermarkets, shopping malls, specialty stores, convenience stores, and others. Offline shopping advantages from the opportunity to physically choose and inspect what an item or thing is like, would look like, and its attributes.
The Major Players in Gymnastics Equipment Market are:
Abeo SA, USA Gymnastics, Mizuno, Norberts Athletic Products, American Athletic, Marty Sports, Continental Sports, Banfer GmbH, Kubler Sport, Sport System, Taishan Sports Industry Group.
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Regional Analysis:
- North America is the major market for gymnastic equipment. This growth is also attributed to the increasing investments by the government in sports infrastructure, the rising popularity of gymnastics, and the presence of major market players in this region. For instance, Origin Sports Group, Bermuda, invested $64.1 million USD to host the 35th America's Cup (AC35).
News:
- USA Gymnastics welcomed Spieth America and AAI as Official Equipment Suppliers (January 2023)
USA Gymnastics announced that two leading gymnastics equipment companies will serve as Official Equipment Suppliers for USA Gymnastics as part of two complementary partnerships. AAI will serve as the Official Gymnastics Equipment Supplier for the USA Gymnastics Artistic Development and Xcel Programs.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Gymnastics Equipment Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Gymnastics Equipment Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Gymnastics Equipment Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Mergers and Acquisition Analysis
• 5.2 Global New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Gymnastics Equipment Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Gymnastics Equipment Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 10 Global Gymnastics Equipment Market Regional Analysis
Chapter 11 North America Gymnastics Equipment Market Outlook (2018 - 2030)
Chapter 12 Europe Gymnastics Equipment Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Gymnastics Equipment Market Outlook (2018 - 2030)
Chapter 14 Latin America Gymnastics Equipment Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Gymnastics Equipment Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Gymnastics Equipment Market TOC click here: https://www.cognitivemarketresearch.com/gymnastics-equipment-market-report#table_of_contents
Related Report:
• Exercise Equipment Market - https://www.cognitivemarketresearch.com/exercise-equipment-market-report
• Gymnastics Mats Market - https://www.cognitivemarketresearch.com/gymnastics-mats-market-report
• Gymnastic Ball Market - https://www.cognitivemarketresearch.com/gymnastic-ball-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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