Health-Conscious Individuals Will Aid the Global Trampoline Market to Bounce at a Steady CAGR of 5.2%
“Global Trampoline Market: Product Type, End-User, Growth Rates and Shares, and Forecast: 2019-2028” is a recently produced report by research team at Market.US. The global trampoline market is projected to reach a value of US$ 656 million in 2028, from a value of around US$ 397 million in 2019. The global market is projected to register a steady growth rate of 5.2%.
A trampoline is a device that consists of a piece of taut, strong fabric that is stretched between a steel frame with the help of many coiled springs, although not all trampolines employ the use of springs. Individuals bounce on trampolines for recreational and competitive purposes. It can be used in both indoor and outdoor settings. Ever since the Olympics included the trampoline as an official medal sport, the popularity of trampolines has grown exponentially.
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A primary factor that is boosting the revenue growth of the global trampoline market is the increasing demand from parents for their to take part in physical activities, irrespective of whether this take place indoors or outdoors. Another factor that is positively contributing to the revenue growth of the global trampoline market is the increasing awareness of the importance of and individual’s fitness and health.
A factor that may hinder the revenue growth of the global trampoline market is the high cost of these products. Although, the rising number of trampoline parks and arenas across the globe is one of many factors that is projected to future market growth.
Other facets that are contributing to revenue growth of this market in the years to come are the various new product developments, innovations and smart initiatives employed by manufacturers in its production. Presently, the e-commerce sector is booming and retailers are now able to offer a greater variety of trampoline models that are aimed to suit the individual needs or requirements of their bounce-addicted users.
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In terms of type, the mini trampoline segment of the global trampoline market accounted for the majority revenue share in 2019 and is expected to register a high rate of revenue growth over the forecast period. And, with reference to the end-users segmentation of this market, the commercial segment accounted for the majority share of the global trampoline market.
The key players of the global trampoline market are – ЈumрЅроrt Іnс., Ѕkуwаlkеr Ноldіngѕ, LLС, Ѕрrіngfrее, Ѕtаmіnа Рrоduсtѕ Іnс. ІСОN Неаlth & Fіtnеѕѕ Іnс., Vulу Рlау Аuѕtrаlіа аnd Рlum Рrоduсt Lіmіtеd.
North America accounted for a majority share of the global trampoline market followed closely by the market in Europe. This can be accredited to the increasing disposable incomes of individuals from these regions. The market in the Asia Pacific region is expected to register the highest rate of revenue over the forecast period. Whereas, markets in South America and the MEA are expected to register a steady rate of growth in the coming years.
Кеу Маrkеt Ѕеgmеntѕ:
Туре
Міnі
Меdіum
Lаrgе
Еnd Uѕеr
Rеѕіdеntіаl
Соmmеrсіаl
Кеу Маrkеt Рlауеrѕ іnсludеd іn thе rероrt:
ЈumрЅроrt Іnс.
Ѕkуwаlkеr Ноldіngѕ LLС
Ѕрrіngfrее
Ѕtаmіnа Рrоduсtѕ Іnс.
ІСОN Неаlth & Fіtnеѕѕ Іnс.
Vulу Рlау Аuѕtrаlіа
Рlum Рrоduсt Lіmіtеd.
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source https://wiredrelease.com/press-release/global-trampoline-market-huge-b2b-opportunities-reach-around-usd-656-mn-by-2028-cagr-5-2-2021-07-12
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