Increasing participation in gymnastics coupled with growing championship initiatives by regulatory bodies continue to influence growth of gymnastics equipment market. Gymnastics equipment market is expected to witness steady growth with the growing count of gymnastics clubs across the globe, in turn presenting potential growth avenues for manufacturers and stakeholders in the gymnastics equipment market. Fact.MR foresees that the gymnastics equipment market is projected to register a steady 3.2% value CAGR during the period of forecast, 2018-2028.
Federation Internationale de Gymnastique (FIG) has taken several measures to increase the participation rates of individuals in gymnastics activities. For instance, FIG is conducting championships in China in November 2018, presenting opportunities for enthusiasts and beginners to register and participate in the sport. This factor is likely to remain instrumental in driving growth of gymnastics equipment market.
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Shift from conventional distribution channels to direct-to-customer channels has been witnessed in the gymnastics equipment market. Sales of gymnastics equipment via direct-to-customer sales channel are estimated to spur in the coming years, accounting for a major share in the gymnastics equipment market on the global front. Fact.MR envisages that gymnastics equipment sales through direct to customer channel is estimated to cross US$ 270 Mn by end of the year of assessment.
Widespread reach of online platforms have influenced sales of gymnastics equipment, albeit at a lower base. Third party online channels are likely to reflect significant contribution in the overall growth of gymnastics equipment market. Growing customer inclination toward online platforms owing to higher convenience quotient and cost effective shopping can be leveraged by manufacturers as an additional sales funnel to market their products. However, uncertainty regarding product quality remains a limiting aspect confining growth of gymnastics equipment market via online channels.
Chapter 1 – Executive summary
This chapter of the gymnastics equipment market report covers market summary, analysis on megatrends in the gymnastics equipment market, market white spaces and Fact.MR view point on the use and demand of gymnastics equipment worldwide.
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Chapter 2 – Market Overview
This chapter includes definition of the gymnastics equipment and a brief introduction of the gymnastics equipment market. The chapter also includes the scope of study including a detailed taxonomy of the market.
Chapter 3 – Sport and Gymnastics Industry Outlook
This chapter of the gymnastics equipment market report covers insights on historic sports participation during 2010-2016 timeline that highlights various sports such as racquet sports, individual sports, team sports, outdoor sports, water sports, winter sports and fitness sports. It also covers participation analysis by age groups and significance of gymnastics. Analysis on gymnastics events and gymnastics clubs has also been included in his chapter.
Chapter 4 – Gymnastics Equipment Market – Key Indicators Assessment
The chapter includes various dynamics influencing growth of the gymnastics equipment market. Various factors such as drivers, restraints and trends are covered in this section. Moreover, it provides assessment on forecast factors, impact analysis, investment feasibility matrix, wheel of fortune and opportunity analysis, supply chain analysis, PESTLE analysis, Porter’s five forces model and region wise assessment. It also describes demand for gymnastics equipment in terms of a likely, conservative and optimistic scenario.
Chapter 5 – Gymnastics Equipment Market – Price Point Analysis
The chapter in the gymnastics equipment market report includes detailed price point assessment on every region and country along with product types of gymnastics equipment. This provides insights on pricing of gymnastics equipment products across regions along with pricing competition across countries.
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Prevailing safety concerns associated with physical injuries in gymnastics continue to challenge growth of gymnastics equipment market. According to the American Orthopedic Society for Sports Medicine (AOSSM) and American Academy of Orthopedic Surgeons (AAOS), more than 86,000 gymnasts were injured in 2017, few with severe damages leading to surgeries with permanent disability. Moreover, improper arrangements and miss-guidance are likely to cause a dent in customer confidence in the sport, in turn restricting the growth of the gymnastics equipment market.
Overall, the gymnastics equipment market is expected to follow an optimistic path and key stakeholders in the gymnastics equipment market can expect a significant momentum in the forthcoming years.
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