The Global Pilates and Yoga Studios Market is expected to garner $269,301.8 million by 2028, at a CAGR of 10.0% from 2021 to 2028. The report offers comprehensive insights into the current condition and future prospective of the industry by profoundly scrutinizing market drivers and restraints, opportunities, major segments, and regions.
Key Segment Findings of the Market:
The market is segmented on the basis of insurance type, brokerage type, and region.
The key factor fueling the growth of the global pilates and yoga studios market is the increasing awareness about the advantages of pilates and yoga such as enhanced body posture, improved flexibility, toned muscles, and enhanced muscle strength. In addition, increasing use of digital platforms, like YouTube, to offer pilates and yoga courses to consumers is estimated to open doors to innovative opportunities for the market growth in the projected period. However, a rise in the number of meditation centers and increasing adoption of other types of fitness, for instance Zumba, kick boxing, cardio, martial arts, are projected to obstruct the market growth in the forecast period.
Impact of the COVID-19 Pandemic on the Market:
The COVID-19 pandemic has made a negative impact on the growth of the global pilates and yoga studios market in 2020. In the COVID-19 pandemic period, the governments of several regions have announced stringent lockdowns, executed prohibition on massive gatherings, and instructed to follow social distancing rules for averting the spread of the deadly COVID-19 virus. This has resulted in the closure of pilates and yoga studios in the crisis period. Owing to these factors, the market is experiencing a decline in the growth rate during the catastrophe.
Top 10 Players of the Pilates and Yoga Studios Industry
The major players of the global pilates and yoga studios industry are
1. Pilates Plus
2. Core Studio Pilates & Yoga, LLC
3. Body & Soul Yoga Club
4. Fitness Firm Yoga and Pilates Studio
5. Core Pilates
6. Alona Pilates
7. M Pilates+Yoga
8. Authentic Pilates Ltd.
9. Flex Studios, Inc.
10. Fitness Unlimited
Numerous business strategies, such as acquisitions, mergers, R&D activities, new product developments, and much more, are implemented by these players to attain a strong position in the global market. For instance, in August 2020, Boot Home, Boot home, Inc., a well-known Japanese startup, announced the launch of "Boot Home", a world online fitness club that aims to help people in staying connected with the world.
Moreover, the report offers other key details of the leading players such as business tactics, financial performance, and product/service range of these players along with Porter's five forces analysis and SWOT analysis.
They are focusing on advanced product developments and merger & acquisition. These are some of the strategies conducted by the startups as well as established business organizations.
More about Pilates and Yoga Studios:
Related Trending Topics:
About Research Dive:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Mr. Abhishek Paliwal
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: [email protected]
209 - 215 Blackfriars Road
LONDON United Kingdom