Technavio has been monitoring the gymnastic equipment market and it is poised to grow by USD 12.68 million during 2020-2024, progressing at a CAGR of almost 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Gymnastic Equipment Market 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the gymnastic equipment market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.
Frequently Asked Questions-
Based on segmentation by distribution channel, which is the leading segment in the market?
The offline segment is expected to be the leading segment based on distribution channel in the global market during the forecast period.
What are the major trends in the market?
Increasing popularity of e-commerce channels is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of almost 1%, the incremental growth of the market is anticipated to be USD 12.68 million.
Who are the top players in the market?
ABEO SA, AK Athletic Equipment Inc., Amer Sports Corp., Bänfer GmbH, Continental Sports Ltd., Kübler Sport GmbH, Life fitness, Nautilus Inc., Norberts Athletic Products Inc., and TECHNOGYM Spa. are some of the major market participants.
What are the key market drivers and challenges?
Increased awareness about healthy lifestyle is one of the major factors driving the market. However, the availability of counterfeit products restraints the market growth.
How big is the APAC market?
The APAC region will contribute to 42% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABEO SA, AK Athletic Equipment Inc., Amer Sports Corp., Bänfer GmbH, Continental Sports Ltd., Kübler Sport GmbH, Life fitness, Nautilus Inc., Norberts Athletic Products Inc., and TECHNOGYM Spa are some of the major market participants. The increased awareness about healthy lifestyle will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this gymnastic equipment market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Gymnastic Equipment Market 2020-2024: Segmentation
Gymnastic Equipment Market is segmented as below:
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Gymnastic Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gymnastic equipment market report covers the following areas:
Gymnastic Equipment Market Size
Gymnastic Equipment Market Trends
Gymnastic Equipment Market Analysis
This study identifies increasing popularity of e-commerce channels as one of the prime reasons driving the gymnastic equipment market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Gymnastic Equipment Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist gymnastic equipment market growth during the next five years
Estimation of the gymnastic equipment market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the gymnastic equipment market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of gymnastic equipment market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Distribution channel
Comparison by Distribution channel
Offline - Market size and forecast 2019-2024
Online - Market size and forecast 2019-2024
Market opportunity by Distribution channel
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
AK Athletic Equipment Inc.
Amer Sports Corp.
Continental Sports Ltd.
Kübler Sport GmbH
Norberts Athletic Products Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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