Personal Exercise Mats Market expanding at a robust CAGR exceeding 7% across the forthcoming decade

The global personal exercise market is anticipated to reach US$ 4 Bn by 2031, expanding at a robust CAGR exceeding 7% across the forthcoming decade, concludes a recently published Fact.MR study. Growing popularity of yoga as an approach to mitigate various health problems is boding well for the market.

Historically, from 2016 to 2020, sales of personal exercise expanded at an impressive 6% CAGR, reaching over US$ 2 Bn by the end of the said period. Furthermore, in 2019, the market registered a Y-o-Y expansion rate worth 7%. Heightened health consciousness during the COVID-19 pandemic further spurred sales of personal exercise mats.

In recent years, the development of personal exercise mats made of recycled foam to provide the maximum level of comfort and stability to clients has seen a significant uptake. Additionally, personal exercise mats sold over 131 thousand units in 2018, with sales expected to increase by 7.1% as of 2021.

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Personal Exercise Mats Market – Scope of Report:

A latest publication by Fact.MR on the global Personal Exercise Mats market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2029.

Important indicators for the successful growth of the Personal Exercise Mats market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Personal Exercise Mats supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Personal Exercise Mats, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders

A positive flow of investments from pharmaceutical giants is likely to propel the development of Personal Exercise Matsand compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of synthetic cannabinoids. This has helped them increase production capacity.

Market leaders in Personal Exercise Matssuch as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Personal Exercise Matsthrough novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.

Report benefits & key questions answered

  • Post covid consumer spending on Personal Exercise Mats: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
  • Personal Exercise Mats demand outlook: the market intelligence study reports highlights the factor propelling the demand for Synthetic Cannabinoids. As per the study, the demand for Personal Exercise Mats will grow through 2029.
  • Personal Exercise Mats historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
  • Personal Exercise Mats consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.
  • Mat Type

    • Yoga Mat
    • Pilates Mat
    • Fitness Mat
  • Material

    • PE Personal Exercise Mats
    • PVC Personal Exercise Mats
    • Rubber Personal Exercise Mats
    • TPE Personal Exercise Mats
    • Other Material Personal Exercise Mats
  • Sales Channel

    • Personal Exercise Mats Sales via Modern Trade Channels
    • Personal Exercise Mats Sales via Specialty Stores
    • Personal Exercise Mats Sales via Direct-to-Customer (DTC) Online
    • Personal Exercise Mats Sales via DTC Institutional
    • Personal Exercise Mats Sales via Sports Variety Stores
    • Personal Exercise Mats Sales via Sports Retail Chain
    • Personal Exercise Mats Sales via Third Party Online
  • Buyer Type

    • Individual Personal Exercise Mats
    • Institutional Personal Exercise Mats
      • Yoga Studios
      • Fitness Centers
      • Wellness Centers

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