Global Yoga Apparel Market 2017-2021
About Yoga Apparel
Yoga apparel is used by consumers to perform various forms of physical exercises, which include yoga, pilates, stretching exercise, general fitness exercise, and core exercises. Various end-users of yoga apparel use the product for different types of workouts and prefer technologically advanced products.
Technavio’s analysts forecast the global yoga apparel market to grow at a CAGR of 3.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global yoga apparel market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of different types of yoga apparels.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Yoga Apparel Market 2017-2021
Technavio recognizes the following companies as the key players in the global yoga apparel market: adidas, Manduka, Nike, PUMA, Under Armour, and VF Corporation (VFC).
Other Prominent Vendors in the market are: Amer Sports, ASICS America Corporation, Columbia Sportswear, Eddie Bauer, Everlast Worldwide, Hanesbrands, HuggerMugger, La Vie Boheme Yoga, and YogaDirect.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advances in product features. The manufacturers of yoga apparels are continuously looking to improve the technology and features of the product to achieve higher customer satisfaction. The consumers of yoga apparels analyze the quality of the products on various parameters.”
According to the report, one driver in the market is rise in the popularity of yoga. Yoga is one of the ancient forms of workout and meditation that originated in India. In recent years, yoga has gained a significant popularity globally, especially in North America. The popularity of yoga in the US and Canada is continuously increasing. The region exhibited a significant acceptance of yoga in last few years.
Further, the report states that one challenge in the market is volatility in raw material cost. In the present market scenario, fitness wear manufacturers are experiencing fluctuations in their profit margins. This is due to the fluctuating prices of raw materials and the increasing competition among vendor. An influx of local players has been observed in recent times because the establishment costs are low.
adidas, Manduka, Nike, PUMA, Under Armour, VF Corporation (VFC), Amer Sports, ASICS America Corporation, Columbia Sportswear, Eddie Bauer, Everlast Worldwide, Hanesbrands, HuggerMugger, La Vie Boheme Yoga, and YogaDirect.
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