Pilates Equipment Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
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.
Global Pilates Equipment Market is expected to grow at a significant rate of around 5% during the forecast period. Pilates equipment ranges in size from a few tiny, portable items like resistance bands, pilates mats, and the magic circle (also known as the pilates ring) to many huge apparatuses like the Cadillac, reformer, and chair. The use of equipment and gear during the pilates workout helps to cover all kinds of strength-training exercises that an individual can prove. Pilates is a method of exercise that uses a special system to improve flexibility, posture, physical strength, and mental awareness. Pilates also improves bone density and joint health. For people recovering from joint or spinal injuries, it is a very important part of their recovery. Improved lung capacity and circulation can be attributed to a consistent practice of pilates. Pilates studios use the equipment most frequently.
The growing adoption of pilates equipment is mainly attributed to the growing health consciousness amongst consumers around the world. Furthermore, the growing income of the urban population is also expected to significantly influence the market growth during the forecast period. Moreover, the growing obesity across regions is also expected to propel the market during the forecast period. For Instance, according to the World health organization (WHO), In 2016, more than 1.9 billion adults, 18 years and older, were overweight. Of these over 650 million were obese. 39% of adults aged 18 years and over were overweight in 2016, and 13% were obese. Furthermore, 39 million children under the age of 5 were overweight or obese in 2020.
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, are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, pilates reformer category to witness to achieve a significant market share in 2020”
Based on type, the market is categorized into pilates reformers, pilates mats, pilates balls pilates rings, and others. The pilates reformer segment is expected to grow with a significant market share during the forecast period. The growth of the segment is mainly attributed to various benefits that pilate reforms offer such as improved flexibility, improves balance, and improves focus. Furthermore, with one piece of equipment i.e. (a pilate reformer) an individual can perform various exercises.
“Amongst application, the commercial segment to hold a significant share in the market in 2020”
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.
Pilates Equipment Market Report Coverage
“North America to hold a significant share in the market”
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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Pilates Equipment Market|
|2.2.||Research Methodology of the Pilates Equipment Market|
|5||IMPACT OF COVID-19 ON THE PILATES EQUIPMENT MARKET|
|6||PILATES EQUIPMENT MARKET REVENUE, 2020-2028F|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||Pilates Equipment MARKET OPPORTUNITIES|
|13||Pilates Equipment MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Five Forces Analysis|
|17.2.||Beverly Hills Fitness LLC|
|17.4.||Stamina Products Inc|
|17.6.||MAD DOGG ATHLETICS INC|
|17.8.||Trending Fit LLC|
Research Methodology for the Pilates Equipment Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global pilates equipment market were the three major steps undertaken to create and analyze the adoption of Pilates Equipment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Pilates Equipment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the pilates equipment market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the pilates equipment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application, and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Pilates Equipment market. Further, we conducted factor analysis using dependent and independent variables such as type, application, and distribution channel of pilates equipment. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the pilates equipment market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global pilates equipment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the pilates equipment market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global pilates equipment market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global pilates equipment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, application, and distribution channel in the global Pilates Equipment market.
The main objective of the Global Pilates Equipment Market Study
The current & future market trends of the global pilates equipment market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the pilates equipment market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, application, and distribution channel.
- Define and analysis of the regulatory framework for the pilates equipment
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the pilates equipment market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the pilates equipment market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry