DUBLIN – (COMMERCIAL THREAD)–The “Europe Yoga Accessory Market Outlook, 2026” report was added to ResearchAndMarkets.com offer.
Rising obese population, increasing health awareness, influence of digitalization, and health benefits associated with yoga are leading to growing European need for yoga equipment.
In addition, wide support from geriatrics in Europe contributes to yoga to develop cardiovascular disease. This trend significantly offers lucrative growth opportunities in the region, which is expected to reflect a growth rate of over 11% during the forecast period.
Restrictions put in place at various fitness centers and other public places in Europe due to the Covid epidemic have forced people to train and exercise in confined areas of their homes. This has indirectly become a boon to the region’s yoga accessory market. Even before the Covid outbreak, the yoga mat was very popular among people, who had accounted for more than half of the market share since 2015.
Tech-driven fitness trends are not yet very popular, as boutique fitness studios appear to be an emerging framework in Europe. The market is expected to visibly witness a high growth rate in the yoga blocks segment, which is expected to grow at a CAGR of 12.69%.
The region has long been attracted to online shopping, which is also reflected in the yoga accessories segment. With the rising health trend brought by the pandemic, it’s no surprise that it saw the second-largest digital commerce growth in Europe last year at 112%.
The online store segment accounted for $ 3,000 million of the total yoga accessory market in Europe in 2020. The largest and second largest markets in terms of online shopping, the UK and France, complemented the three countries to the fastest growing. On the other hand, Germany experienced the slowest growth in Europe in 2020. During the forecast period, the offline stores segment is expected to grow with an expected CAGR of 10.98%, slightly lower than his counterpart.
Countries like the UK, Italy, Germany and France have the largest fitness centers in the world, while Germany is the biggest revenue generator in the Europe region. The popularity of yoga is on the rise, especially in major German cities. In Berlin alone there are currently around 300 yoga studios, in Munich 200.
However, the presence of other alternatives such as multi-specialty gyms, fitness centers, and therapy classes is hampering the growth of the market. On the other hand, the promotion of yoga for male participants and the increase in disposable income present new opportunities in the years to come. Spain and Russia accounted for just under 15% of the total regional share.
Big brands such as Reebok and Nike do not follow yoga accessories as a separate category, but claim that there has been an increase in demand for accessories used for the practice.
The large companies mentioned in the report are
Barefoot yoga company
Hugger Mugger Yoga Products LLC
Lululemon Athletica Inc
Main topics covered:
2. Methodology of the report
3. Market structure
4. Global Yoga Accessories Market Outlook
5. Outlook for the yoga accessories market in Europe
6. Market dynamics
7. Market trends and developments
8. Competitive landscape
For more information on this report, visit https://www.researchandmarkets.com/r/cmk4c