IMARC Group, a leading market research company, has recently releases report titled “Pilates & Yoga Studios Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global Pilates & yoga studios market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Pilates & yoga studios market?
Report Attributes | Details |
Market Size in 2022 | US$ 150.86 Billion |
Market Forecast in 2028 | US$ 276.77 Billion |
Growth rate (2023 to 2028) | CAGR of 10.10% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What are Pilates & Yoga Studios?
A Pilates and yoga studio refers to a place where people can come to practice Pilates and yoga, which helps consumers relieve stress and improve their overall sense of well-being. Pilates and yoga are different exercise styles, with Pilates focusing on core strength while yoga promotes overall body wellness. Pilates and yoga studios offer personal training sessions, group workouts, and even virtual lessons with instructors to motivate and coach users in achieving their fitness goals. These studios also sell numerous types of merchandise, including clothing, mats, and several accessories, that are used in yoga and Pilates activity.
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What are the growth prospects and trends in the Pilates & Yoga Studios industry?
The increasing awareness among the masses regarding health and fitness, particularly the young population, on account of the growing prevalence of sedentary lifestyles and various health disorders, such as diabetes and obesity, is primarily driving the Pilates & yoga studios market. Furthermore, the increasing investments in innovative promotional and marketing strategies, including online and offline advertising and celebrity endorsements, are resulting in a higher number of Pilates and yoga studio memberships, which is also augmenting the market growth. Apart from this, the emerging trend of corporates providing yoga and contemplation sessions to their employees as part of their pleasant gathering exercises is positively influencing the global market. Moreover, the launch of favorable initiatives by government bodies across several countries promoting healthy lifestyles and the practice of exercise and yoga is further bolstering the market growth. Besides this, the introduction of innovative activities and celebrity-specific exercise plans is acting as another significant growth-inducing factor. Additionally, the inflating disposable income levels of the masses, growing urbanization, and the expanding fitness community are expected to drive the Pilates & yoga studios market in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
- Authentic Pilates Ltd.
- Balance Pilates
- Core Pilates & Yoga
- Everyday Club Pty Ltd.
- Fitness Firm Yoga and Pilates Studio
- Fitness Unlimited
- Flex Studios Inc.
- Harmony Yoga Pilates Studio
- Innerstellar Pilates & Yoga Studio
- Longevita Pilates & Yoga Studio
- M Pilates and Yoga NJ
- Pilates Plus Online
- Pilates Unlimited
- Studio A Pilates & Yoga
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Activity Type:
- Yoga Classes
- Pilates Classes
- Pilates and Yoga Accreditation Training
- Merchandise Sale
Breakup by Application:
- Small Scale
- Medium Scale
- Massive
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Article source: https://article-realm.com/article/Business/46279-Pilates-and-Yoga-Studios-Market-2023-Size-Share-Demand-by-Regions-and-Forecast-to-2028.html
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