pilates equipment market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 5% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the pilates equipment market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into Type (Pilates Reformers, Pilates Mats, Pilates Balls, Pilates Rings, and Others); Application (Commercial Space Residential Space, and Others); Distribution Channel (Retail and Online) Region/Country.
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The pilates equipment market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Pilates Equipment market. The pilates equipment market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the pilates equipment market at the global and regional levels.
Market Overview
Pilates equipment is used to perform various physical exercises to improve flexibility, posture, physical strength, and mental awareness. Pilates is a system of repetitive movements performed on a yoga mat or other equipment to promote strength, stability, and flexibility. Pilates exercises develop the body through muscular effort starting at the core. Pilates is popular with dancers, but it appeals to a wider audience especially youngsters.
The growing adoption of pilates equipment is mainly attributed to the growing rate of obesity-related health problems. For instance, according to CDC, every year about 805 thousand people have a heart attack in the united states of America. And According to the world bank, 13% of the world’s adults are obese. Moreover, the rising disposable income of individuals around the world coupled with the growing health awareness among consumers is expected to drive the market during the analysis time period.
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Some of the major players operating in the market include Balanced Body, Beverly Hills Fitness LLC, Align-Pilated, Stamina Products Inc, Gratz Industries, MAD DOGG ATHLETICS INC, Aeromat/Ecowise, Trending Fit LLC, Decathlon, and Merrithew Corporation.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the pilates equipment industry, production was stopped and the supply chain was disrupted. However, the industry observed a steep rise in demand from the residential as the gyms were closed and people had very limited options for workout.
The global pilates equipment market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· On the basis of application, the market is segmented into commercial space residential space, and others. During the forecast period, the commercial segment is expected to achieve a significant share, this is mainly due to the growing number of commercial pilates studios in developed countries around the world. Furthermore, commercial spaces provide an ideal place to perform exercise which is expected to drive the market during the analysis time period.
· Based on the distribution channel, the market is bifurcated into retail and online. The retail segment is expected to achieve a significant share in 2020 and is expected to showcase a similar trend during the forecast period. The growing adoption is mainly attributed to the presence of specialty stores around the world, these stores are specially designed for the sale of fitness equipment. Also, pilates manufacturers are mainly targeting specialty stores as their major distribution channel as they can manipulate their margins better on the retail distribution channel. Furthermore, retail stores offer various benefits such as better discounts and proper equipment training with each sale which attracts more customers.
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Pilates Equipment Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America is anticipated to lead the pilates equipment market. This is mainly due to the rising popularity of physical as well as mental well-being in the region. Furthermore, the growing obesity in the countries like the USA and Canada is expected to influence market growth. Moreover, the region has developed economies such as the USA and Canada have greater disposable income which allows them to spend more physical well-being coupled with the presence of key market players is expected to drive the market in the region.
The major players targeting the market include
· Balanced Body
· Beverly Hills Fitness LLC
· Align-Pilated, Stamina Products Inc
· Gratz Industries
· MAD DOGG ATHLETICS INC
· Aeromat/Ecowise
· Trending Fit LLC
· Decathlon
· Merrithew Corporation.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Pilates Equipment market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the pilates equipment market?
• Which factors are influencing the pilates equipment market over the forecast period?
• What are the global challenges, threats, and risks in the pilates equipment market?
• Which factors are propelling and restraining the pilates equipment market?
• What are the demanding global regions of the pilates equipment market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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