The bounding table comes in solid fabric device that is stretched over a steel frame with the help of coiled springs and taut pieces. These are widely used by individuals for recreational and competitive purposes.
Furthermore, the bounding table has a folding mechanism that helps to carry the bounding table from one place to another. As a result, demand for these table will witness steady recovery in short-term, with an optimistic growth outlook in the long-run.
Bounding table market is set to witness a CAGR of 6.1%- 6.9% during 2021-2031.
What is Driving Demand for Bounding Table Market?
Growing awareness among individuals about the various health benefits associated with the bounding activity such as improved lung capacity, increased energy levels, improved muscle tone, strengthen heart, lymphatic system function, and others. This is primary factor expected to boost growth of the global market over the forecast period.
In addition, there is an increase in the adoption of recreational bounding table in many places including playgrounds, schools, gyms, homes, adult health clubs and others which, in turn, is driving the demand for bounding table. Moreover, growing preference for competitive bounding table among athletes for trampolining Olympic sport are major factor projected to fuel growth of the target market during the forecast period.
However, the COVID-19 pandemic has dramatically changed the preferences of an individual’s social interaction which has reduced the demand for bounding tables. Various factors such as temporary pause of trading between countries, lack of employees, and raw material has affected the production capacity, therefore, impacted the sales of bounding tables.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
New Product Development Complementing the Bounding Table Market Sales
The use of the bounding tables is not just limited to recreational activities but manufacturers are looking for new ways to enter the market with innovative products.
As a result, smart bounding table are entering the market, providing customers with a learning and interactive experience. For instance, Spring Free has developed a smart bounding table called Spring Free, which has sensors attached to its mat that helps improve coordination and creative thinking skills while exercising. Smart bounding table also offers water and weather resistance, child safety technology, and other features such as leaderboards.
In addition, the penetration of e-commerce platforms all around the globe drive the growth of the bounding table market. Online store has turned out to be convenient way to buy products and services. Furthermore, shopping from e-commerce platforms is less costly as the costs associated with market intermediaries on online shopping sites are lower.
For this reason, online stores offer bounding table at lower prices, thereby increasing the demand for bounding table on e-commerce platforms. Bounding table manufacturers like Spring Free, JumpSports, Plum Products, and Upper Bounce have started partnering with various online retail stores around the world to escalate their customer base.
US and Canada Bounding Table Market Outlook
In the U.S, the bounding table market is booming over the past few years and is expected to rise owing to spurring consumer’s income and their spending capacity.
Due to the high popularity of the Olympic trampoline sport and the growing number of athletes in the region in countries such as the U.S and Canada, the North American market has the highest revenue share in the global market.
Further, the growing number of parks across the region is a major factor driving the uptake in the global bounding table market.
Find your sweet spots for generating winning opportunities in this market.
Europe Demand Outlook for Bounding Table Market
The demand for bounding table in the European market is estimated to grow significantly in the upcoming years. High adoption of residential bounding table among parents due to increasing children obesity concern and high health consciousness among individuals in countries such as Germany and U.K in the region is expected to drive the demand for bounding table in the market.
In addition, the rapid growth of the e-commerce industry in the region creates lucrative market opportunities for producers to enter the market to gain a competitive market share, thus leading to product demand.
Who are the Key Manufacturers of Bounding Table Market?
Some of the leading manufacturers of bounding table market
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
