Trampoline market size to grow by USD 744.79 million from 2021 to 2026; A descriptive analysis of five forces model, market dynamics, & segmentation- Technavio

NEW YORK, Feb. 9, 2023 /PRNewswire/ — According to Technavio, the global trampoline market size is estimated to grow by USD 744.79 million from 2021 to 2026. The market is estimated to grow at a CAGR of 4.16%. Moreover, the growth momentum will accelerate. North America will account for 38% of the growth of the global market during the forecast period. For more Insights on market size Request a sample report

Trampoline market – Five forces
The global trampoline market is fragmented, and the five forces analysis covers–

• Bargaining Power of Buyers

• The threat of New Entrants

• Threat of Rivalry

• Bargaining Power of Suppliers

• Threat of Substitutes

• For an interpretation of Porter’s five forces model– buy the report!

Trampoline market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Trampoline market – Segmentation assessment

Segment overview

Technavio has segmented the market based on product (round trampolines, rectangular and square trampolines, and others), end-user (commercial and individual), and distribution channel (offline and online).

• The round trampolines segment will grow at a significant rate during the forecast period. The popularity of round trampolines has remained high for a long time owing to factors such as their lightweight and stronger durability due to the circular frame. Most vendors offer round trampolines as they are relatively easier to build. From the customer perspective, factors such as the easy availability and low prices of round trampolines have been helping the segment to witness heavy sales.

Geography overview
By geography, the global trampoline market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global trampoline market.

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• North America is estimated to account for 38% of the growth of the global market during the forecast period. Factors, such as the growing child population, the availability of a large number of vendors, and the rising awareness among parents about the need for physical activities for their children are leading to a significant increase in the demand for trampolines in the region.

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Trampoline market – Market dynamics

Key factor driving market growth

• One of the key factors driving growth in the trampoline market is the growing awareness of the health benefits associated with the use of trampolines.

• During the last decade, technological advances globally resulted in the high adoption of smartphones and video games for recreational purposes, which had limited the adoption of trampolines globally.

• To overcome this challenge, various organizations have started focusing on increasing awareness of the health benefits associated with the use of trampolines.

• The increasing involvement of children in outdoor sports due to parents’ focus on the latter’s health has also resulted in the rise in demand for trampolines.

Leading trends influencing the market 

• The advent of smart trampolines is another factor supporting the trampoline market share growth. Vendors are focusing on increasing the use of trampolines from recreational equipment to interactive and learning equipment.

• As a result, the market witnessed the launch of Springfree, a smart trampoline developed by Springfree Trampoline.

• The trampoline is built with four sensors on the mat that can be connected to a tablet through Bluetooth that detects the moves of the users and use them to control the games on the tablet through the company’s solution.

• These features help the users to not only be fit but also develop multitasking and creative thinking skills.

• Thus, the growing adoption of smart trampolines is expected to significantly contribute to the volume growth of the market.

Major challenges hindering the market growth

• The increased adoption of alternative fitness and recreational activities will be a major challenge for the trampoline market during the forecast period.

• Although jumping on a trampoline is considered one of the most effective exercises, the market witnesses a considerable threat from the growing popularity of other fitness activities such as gyming, trekking, running, and climbing activities.

• One of the major workout trends in the fitness industry is climbing, which has been gaining significant popularity owing to the health benefits associated with it.

• The increasing popularity of alternative outdoor and fitness activities, primarily through their growing awareness through social media, is posing a significant threat to the growth of the trampoline market globally.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this trampoline market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the trampoline market between 2022 and 2026

• Precise estimation of the trampoline market size and its contribution to the market in focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the trampoline industry across North America, Europe, APAC, Middle East and Africa, and South America

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of trampoline market vendors

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Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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