According to a market research report by FactMR, the global gymnastics equipment market was valued at over US$ 860 million in 2020 and is expected to register a CAGR of 4.2% from 2023 to 2033. Gymnastics equipment includes a wide range of apparatus used in various gymnastics activities such as floor exercises, balance beam, vault, and uneven bars
The report states that the increasing popularity of gymnastics as a sport and the growing number of gymnastics facilities and clubs around the world are driving the growth of the gymnastics equipment market. In addition, the rising awareness about the health benefits of gymnastics and the increasing participation of women in the sport are also contributing to the market growth.
Based on product type, the report categorizes the gymnastics equipment market into mats, bars, beams, vaults, and others. Among these, mats are the most widely used product type, owing to their versatility and use in various gymnastics activities.
Geographically, North America is the largest market for gymnastics equipment, due to the high participation of youth in gymnastics programs and the presence of a large number of gymnastics facilities and clubs in the region. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, owing to the increasing popularity of gymnastics and the growing number of gymnastics facilities in countries such as China, Japan, and India.
Some of the key players in the gymnastics equipment market include American Athletic, Inc., Norbert's Athletic Products, Inc., Mancino Manufacturing Co., Inc., AAI, and SPIETH America. These companies are focusing on product innovation and expanding their product portfolios to cater to the growing demand for gymnastics equipment in various regions around the world.
Key Segments Covered in the Gymnastics Equipment Industry Survey
Gymnastics Equipment by Product Type
Athletic Bars
Pommel Horse
Rings
Balance Beam
Vault
Floor
Gymnastics Equipment by Sales Channel
Modern Trade Channels
VARs
Direct-to-Consumer Channels
Third Party Online Channels
Gymnastics Equipment by Region
North America
Latin America
Europe
CIS & Russia
Asia Pacific
Middle East & Africa (MEA)
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