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North America Yoga Accessories Market Outlook, 2027

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    Report

  • 56 Pages
  • September 2022
  • Region: North America
  • Bonafide Research
  • ID: 5660285
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The recent publication titled North America Yoga Accessories Market Outlook, 2027, studies this aiding props market at the regional level, segmented into by product type (Mats, Clothing, Straps, Blocks, and others), by sales channel (Online & Offline), and by country (US, Canada, and Mexico). The total North American yoga accessories market was calculated at around USD 5650 million in the year 2021. The region was the largest revenue generator, which shows a consistent incline in the market share and has conquered the market leader position since the year 2021. Through the forecasted period, the market is expected to grow at a CAGR of more than 13%. From the beginning, yoga was offered in a spirit of sharing and cross-cultural understanding. Swami Vivekananda, who arrived in the US in 1893, introduced yoga as a practice of universal tolerance and as a gift to all humanity. Indeed, he gave his first yoga instruction in America. Something like 36.7 million Americans are practicing yoga, of which 72% of practitioners are women.

Similar to the global trend, the North American market is led by the yoga mat segment, which holds more than half of the market share. With more people on the work force, a number of people are now opting for yoga as a way to relieve their stress and establish mental calmness. With this, the market for yoga clothing is expected to grow exponentially by the end of the forecast period. Matching this growth is the finding that almost three-quarters of people have been practicing for less than five years, which underlines the relative newness of the interest. The ability to compare prices while shopping and the ease of checkout/store my information/shipping/payment are a few of the major reasons why North Americans are likely to prefer online stores or physical shops. In the region, it is found that women are more drawn towards online shopping than men. It also indirectly aids the market, as more females practice yoga than males. The online segment is likely to grow at a higher CAGR during the upcoming timeframe.

The United States not only dominates the regional market in North America, but it is also the global leader in yoga accessories. The number of health clubs in the US increased by more than 18% between 2012 and 2020. This rise in the number of memberships in health and fitness clubs has resulted in a rise in the demand for yoga products, including yoga accessories. The sages in India weren’t the only ones who used tools and techniques to calm their bodies and minds. The ancient Mayans honored the five elements and had an understanding of the energy centers, or chakras. Following the international trend for detox and wellness holidays, many exclusive beach resorts in Mexico offer luxury yoga retreats for travelers in addition to a tropical holiday. The market growth in Canada can be attributed to increasing government initiatives such as the Canadian government’s children’s fitness tax credit policy. Just like in the United States, the growth of yoga mats is also driven by factors such as growing awareness of healthy lifestyles and the increasing obesity population.

COVID-19 Impacts:

The COVID-19 outbreak has shaken the whole world economy. In this scenario, some industries are doing quite well while others have been crushed. The yoga props market is doing well during the COVID-19 scenario as people become more health-conscious. The COVID-19 outbreak, combined with lockdowns in several countries, has boosted sales of yoga props, particularly in developed economies. The sale of the products has increased significantly through online channels. The lockdown scenario in various countries, on the other hand, has hampered the production and supply chain of yoga props products in the North American market.

Major Companies present in the market

Adidas AG, Aurorae Yoga, Barefoot Yoga Company, Gaima, Hugger Mugger, Lululemon Athletica Inc, Manduka, Nike Inc

Considered In the Report

  • Geography: North America
  • Historical year: 2016
  • Base year: 2021
  • Estimated year: 2022
  • Forecasted year: 2027

Countries covered:

  • US
  • Canada
  • Mexico

Aspects Covered In the Report

  • Market Size By Value for the historic time period (2016-2021)
  • Market Size By Value for the forecast time period (2022-2027)
  • Market Share by Product (Mats, Clothing, Straps, Blocks, others)
  • Market Share by Sales Channel (Online & Offline)
  • Market Share by Region (2016, 2021 & 2027F)
  • Market Share by Country (2016, 2021 & 2027F)

Intended Audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the yoga accessories manufacture industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Table of Contents

1. Executive Summary2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definitions
3.3. Covid-19 Impacts
4. Economic /Demographic Snapshot
5. Global Yoga Accessories Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Product Type
5.2.5. By Sales Channel
6. North America Yoga Accessories Market Outlook
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Product Type
6.2.3. By Sales Channel
6.3. US Yoga Accessories Market Outlook
6.3.1. Market Size by Value
6.3.2. Market Share
6.3.2.1. By Product Type
6.3.2.2. By Sales Channel
6.4. Canada Yoga Accessories Market Outlook
6.4.1. Market Size by Value
6.4.2. Market Share
6.4.2.1. By Product Type
6.4.2.2. By Sales Channel
6.5. Mexico Yoga Accessories Market Outlook
6.5.1. Market Size by Value
6.5.2. Market Share
6.5.2.1. By Product Type
6.5.2.2. By Sales Channel
7. Market Dynamics
7.1. Key Drivers
7.2. Key Challenges
8. Market Trends and Developments
9. Competitive Landscape
9.1. Porter’s Five Force Model
9.2. Company Profiles
9.2.1. Adidas AG
9.2.2. Aurorae
9.2.3. Barefoot Yoga Company
9.2.4. Gaiam
9.2.5. Hugger Mugger
9.2.6. Lululemon Athletica Inc.
9.2.7. Manduka
9.2.8. Nike, Inc.
10. Strategic Recommendations11. Disclaimer
List of Figures
Figure 1: Global Yoga Accessories Market Size - By Value 2016 to 2027F (In USD Million)
Figure 2: Global Yoga Accessories Market Share By Sales Channel (2016, 2021 & 2027F)
Figure 3: North America Yoga Accessories Market Size - By Value 2016 to 2027F (In USD Million)
Figure 4: North America Yoga Accessories Market Share By Sales Channel (2016, 2021 & 2027F)
Figure 5: US Yoga Accessories Market Size - By Value 2016 to 2027F (In USD Million)
Figure 6: US Yoga Accessories Market Share By Sales Channel (2016, 2021 & 2027F)
Figure 7: Canada Yoga Accessories Market Size - By Value 2016 to 2027F (In USD Million)
Figure 8: Canada Yoga Accessories Market Share By Sales Channel (2016, 2021 & 2027F)
Figure 9: Mexico Yoga Accessories Market Size - By Value 2016 to 2027F (In USD Million)
Figure 10: Mexico Yoga Accessories Market Share By Sales Channel (2016, 2021 & 2027F)
Figure 11: Porter’s Five Force Model for Yoga Accessories
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Yoga Accessories Market Share by Region (2016, 2021 & 2027F)
Table 5: Global Yoga Accessories Market Share by Country (2016, 2021 & 2027F)
Table 6: Global Yoga Accessories Market Share by Company (2016, 2021 & 2027F)
Table 7: Global Yoga Accessories Market Share By Product Type (2016, 2021 & 2027F)
Table 8: North America Yoga Accessories Market Share By Country (2016, 2021, & 2027F)
Table 9: North America Yoga Accessories Market Share By Product Type (2016, 2021 & 2027F)
Table 10: US Yoga Accessories Market Share By Product Type (2016, 2021 & 2027F)
Table 11: Canada Yoga Accessories Market Share By Product Type (2016, 2021 & 2027F)
Table 12: Mexico Yoga Accessories Market Share By Product Type (2016, 2021 & 2027F)
Table 13: Key Facts of Adidas AG
Table 14: Key Facts of Aurorae
Table 15: Key Facts of Barefoot Yoga Company
Table 16: Key Facts of Gaima
Table 17: Key Facts of Hugger Mugger
Table 18: Key Facts of Lululemon Athletica Inc
Table 19: Key Facts of Manduka
Table 20: Key Facts of Nike Inc