Parallel Bars Market Forecast, Size, Scope, Demand ,Trend Analysis & Competition Tracking

As the popularity of the sports industry continues to proliferate, parallel bars market are all set to gain increased traction in the forthcoming years. Parallel bars are generally used by gymnast to perform artistic gymnastics. The apparatus parallel bars consists of two parallel bars elevated above the floor and is held parallel with the help of the supporting framework. The parallel bars were invented by Friedrich Ludwig Jahn in Berlin in the 18th century. Various exercises such as swings, dips, chest dips, L-sits, leg lifts, inverted pushups, pull-ups can be done with the help of parallel bars which not only helps to increase upper body and core strength but also improves coordination, endurance and overall physical performance. Growing health consciousness and booming popularity of the functional fitness coupled with increasing participation of females in the functional fitness is all set to boost demand of parallel bars in the upcoming years.

Global Parallel Bars Market Segmentation

The global parallel bars market can be segmented on the basis of product type, sales channel and region. On the basis of product type, parallel bars market can be further segmented into mounted type parallel bars and foldable parallel bars. Even though market share for mounted type parallel bars is more, high growth for foldable parallel bars can be seen in the nearby future. On the basis of sales channel, parallel bars market can be further segmented as independent stores, sports chain outlets, specialty stores and online channels. Although independent sports outlets lead in terms of market share in the parallel bars market, third-party online sales channel will register the highest growth rate for the global parallel bars market in the forecast period.

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Global Parallel Bars Regional Dynamics

In terms of regional demand for parallel bars, developed economies like North America and Europe leads in significant sales of parallel bars owing to a large number of clubs in the region. High growth can be attributed to the developing regions of Asia Pacific and Latin America. The parallel bars market consists of global as well as regional players. Some of the leading manufacturers of the parallel bars market are Mancino Manufacturing Co., Bailey Manufacturing Company, Abeo SA, Norbert's Athletic Products, Inc., Khalsa Gymnastic Works, Meerut Gym & Gymnastic Work, American Athletic, Inc, Taishan Sports Industry Group, and various local and global players.

Regional Segments Analyzed Include

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

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