The global Pilates equipment and gears market was valued at $175.62 million in 2021, and is projected to reach $521.82 million by 2031, registering a CAGR of 10.5%. Pilates equipment range from small, portable devices such as resistance bands, Pilates mats, and Pilates rings to many larger devices, including Pilates reformers, Pilates chairs, and Cadillac. People’s perception of wellness as a part of their lifestyle, improvement in convenience & accessibility of performing exercises under the guidance of a trainer in a proper Pilates studio, and availability of Pilates equipment at a fair price have fueled the adoption and introduction of Pilates studios and better business models. Owing to these factors, the Pilates equipment and gears market will propel during the projected period.
The increase in the incidence of diabetes and obesity has led to a revolution in the fitness industry, as a result of which, the concept of Pilates has caught significant traction in the fitness industry. With advertisements promoting weight loss across the globe, the number of gym and health club memberships has witnessed a surge in recent years. Fitness & recreational sports centers have increasingly focused on innovative marketing strategies to attract consumers. They are expanding their services & product portfolios to tap the lucrative markets and increase their customer base. Owing to growth in the franchising of fitness gyms, these establishments are scaling up their businesses to improve their outreach. Moreover, multinational fitness chains are increasingly taking the franchise option to enter emerging markets such as India. Thus, such trends across the globe are expected to keep the Pilates equipment and gears market in a dynamic state and on the growth path. Currently, many employees are made to work 60 hours a week, which not only affects their work productivity but also deprives them of leisure & personal time. Thus, busy work schedules hamper my time and act as a restraint for the global Pilates equipment and gears market.
The COVID-19 outbreak and subsequent repercussions caused a substantial economic downturn. During its initial months, tens of millions of people lost their employment. Although the production of Pilates equipment in the manufacturing firm began to recover after a few months, unemployment remained elevated in 2020. During the pandemic, millions of people were unemployed and struggled to afford basic food & housing. According to the U. S. Bureau of Labor Statistics, nonfarm payroll employment rose by 372,000 in June 2021, and the unemployment rate remained at 3.6% in the year 2022. Thus, such factors are expected to hamper the market growth during the forecast period as consumers will be focused on investing in their basic necessities of food and shelter instead of investing in Pilates fitness regimes.
The Pilates equipment and gears market is segmented into equipment type, application, distribution channel, and region. On the basis of type, the market is categorized into Pilates reformers, Pilates mats, Pilates balls, Pilates rings, Pilates towers, barrels and arcs, Pilates Cadillac, chairs, gears, And others. By application, it is fragmented into commercial spaces, residential spaces, and others. Depending on the distribution channel, it is segregated into supermarkets/hypermarkets, specialty stores, retail stores, e-commerce, and others. Region-wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, the UK, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and Africa).
The Pilates equipment and gears market is classified on the basis of type, application, distribution channel, and region. By type, the market is segmented into Pilates reformers, Pilates mats, Pilates balls, Pilates rings, Pilates towers, barrels & arcs, Pilates Cadillac, chairs, gears, and others. The Pilates reformers segment is expected to dominate during the Pilates equipment and gears market forecast period. Moreover, the gears segment will grow at the fastest growth rate during the forecast period. On the basis of application, the market is classified as commercial spaces, residential spaces, and others. By distribution channel, the market is divided into supermarkets/hypermarkets, specialty stores, retail stores, e-commerce, and others.
According to the Pilates equipment and gears market analysis, on the basis of type, the Pilates reformers segment garners the largest market share in 2021. The reformer machine resembles a bed with a sliding carriage, ropes, and pulling mechanisms. This machine is designed to add resistance to the exercises, making it a more challenging or physically demanding form of Pilates. Moreover, practitioners can perform advanced Pilates on Pilates reformers which strengthens the core muscles. Pilates reformers increase flexibility, promote better balance, mobilize the spine, and enhance coordination. Such factors are propelling consumers to purchase reformers, thereby driving market growth.
By application, the commercial space segment dominated the market in 2021 with a market share of more than 55% and is expected to dominate during the forecast period. The increase in commercial Pilates studios in developed and developing regions around the globe is fueling the need for equipment and gear. Customers prefer to practice Pilates exercises in commercial studios under the supervision of a trainer, which increases the need for equipment and gear to meet the demand. An increase in health awareness among the global population raises the demand for Pilates commercial training studios, which drives the growth of the market in commercial space. In addition, growth in modernization and changes in lifestyle has caused devastating effects on the health of people, which has fostered the Pilates equipment and gears market opportunity for growth.
According to the Pilates equipment and gears market trends, on the basis of distribution channel, the specialty store segment garners the largest share in 2021. Pilates manufacturers are majorly targeting specialty stores as their distribution channel as it serves as the best place for product promotion and the stores majorly focus on the sales of Pilates equipment and gear. As a result, wider varieties of Pilates equipment & gear are available in specialty stores. Moreover, specialty stores provide exclusive discounts along with the proper guidance by their executives to provide a valuable shopping experience, which results in the growth of the Pilates equipment and gears market. First-time buyers of Pilates equipment and gear may seek help while choosing the product; trained staff from the specialty store helps buyers by explaining every detail of the product and advising appropriate items. This makes buyers prefer specialty stores which boosts the growth of the specialty store segment.
Region-wise, Asia-Pacific was the highest revenue contributor and is estimated to reach $179.51 million by 2031, with the highest CAGR of 11.3%. Population growth and rise in per capita income are the major reasons for the market growth of Pilates equipment in Asia-Pacific. Moreover, growth in awareness related to fitness and changes in lifestyle offer a chance for manufacturers of Pilates equipment to gain a competitive edge in the marketplace. In addition, businesses are using promotional marketing initiatives as a major technique to boost sales and expand their customer base. As people are becoming more aware of the benefits of physical activity in their daily lives, sales of Pilates equipment are steadily increasing. China is one of the countries in the Asia-Pacific region that grows at the fastest rate in terms of revenue generation due to the rise in initiatives by the government to create awareness about physical well-being.
North America was the second-largest market in terms of revenue generation in 2021. The U. S. and Canadian markets stand out due to the growing number of exercise practitioners and the increase in sales of Pilates equipment through various delivery channels. Women are engaging in more physical activity as this exercise has been shown to improve body shape, including abs, buttocks, and hips. Pilates is the most popular & well-known activity in the U. S. and Canada. Such factors are driving the market growth in the region. There is a rapid increase in the number of studios offering Pilates training owing to the rise in the interest of consumers toward the same. Furthermore, while the majority of yoga and Pilates participants are women, participation rates among men have increased over the five years further boosting the growth of the Pilates equipment and gears industry.
Players operating in the global Pilates equipment and gears industry have adopted various developmental strategies to expand their Pilates equipment and gears market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Merrithew Corporation, Stamina Products, Inc., Gratz Industries, LLC, Mad Dogg Athletics, Inc., Aeromat/Ecowise, Beverly Hills Fitness LLC, Trending Fit LLC, Balanced Body, Inc., Align-Pilates Equipment Ltd., and Decathlon S. A.
The increase in the incidence of diabetes and obesity has led to a revolution in the fitness industry, as a result of which, the concept of Pilates has caught significant traction in the fitness industry. With advertisements promoting weight loss across the globe, the number of gym and health club memberships has witnessed a surge in recent years. Fitness & recreational sports centers have increasingly focused on innovative marketing strategies to attract consumers. They are expanding their services & product portfolios to tap the lucrative markets and increase their customer base. Owing to growth in the franchising of fitness gyms, these establishments are scaling up their businesses to improve their outreach. Moreover, multinational fitness chains are increasingly taking the franchise option to enter emerging markets such as India. Thus, such trends across the globe are expected to keep the Pilates equipment and gears market in a dynamic state and on the growth path. Currently, many employees are made to work 60 hours a week, which not only affects their work productivity but also deprives them of leisure & personal time. Thus, busy work schedules hamper my time and act as a restraint for the global Pilates equipment and gears market.
The COVID-19 outbreak and subsequent repercussions caused a substantial economic downturn. During its initial months, tens of millions of people lost their employment. Although the production of Pilates equipment in the manufacturing firm began to recover after a few months, unemployment remained elevated in 2020. During the pandemic, millions of people were unemployed and struggled to afford basic food & housing. According to the U. S. Bureau of Labor Statistics, nonfarm payroll employment rose by 372,000 in June 2021, and the unemployment rate remained at 3.6% in the year 2022. Thus, such factors are expected to hamper the market growth during the forecast period as consumers will be focused on investing in their basic necessities of food and shelter instead of investing in Pilates fitness regimes.
The Pilates equipment and gears market is segmented into equipment type, application, distribution channel, and region. On the basis of type, the market is categorized into Pilates reformers, Pilates mats, Pilates balls, Pilates rings, Pilates towers, barrels and arcs, Pilates Cadillac, chairs, gears, And others. By application, it is fragmented into commercial spaces, residential spaces, and others. Depending on the distribution channel, it is segregated into supermarkets/hypermarkets, specialty stores, retail stores, e-commerce, and others. Region-wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, the UK, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and Africa).
The Pilates equipment and gears market is classified on the basis of type, application, distribution channel, and region. By type, the market is segmented into Pilates reformers, Pilates mats, Pilates balls, Pilates rings, Pilates towers, barrels & arcs, Pilates Cadillac, chairs, gears, and others. The Pilates reformers segment is expected to dominate during the Pilates equipment and gears market forecast period. Moreover, the gears segment will grow at the fastest growth rate during the forecast period. On the basis of application, the market is classified as commercial spaces, residential spaces, and others. By distribution channel, the market is divided into supermarkets/hypermarkets, specialty stores, retail stores, e-commerce, and others.
According to the Pilates equipment and gears market analysis, on the basis of type, the Pilates reformers segment garners the largest market share in 2021. The reformer machine resembles a bed with a sliding carriage, ropes, and pulling mechanisms. This machine is designed to add resistance to the exercises, making it a more challenging or physically demanding form of Pilates. Moreover, practitioners can perform advanced Pilates on Pilates reformers which strengthens the core muscles. Pilates reformers increase flexibility, promote better balance, mobilize the spine, and enhance coordination. Such factors are propelling consumers to purchase reformers, thereby driving market growth.
By application, the commercial space segment dominated the market in 2021 with a market share of more than 55% and is expected to dominate during the forecast period. The increase in commercial Pilates studios in developed and developing regions around the globe is fueling the need for equipment and gear. Customers prefer to practice Pilates exercises in commercial studios under the supervision of a trainer, which increases the need for equipment and gear to meet the demand. An increase in health awareness among the global population raises the demand for Pilates commercial training studios, which drives the growth of the market in commercial space. In addition, growth in modernization and changes in lifestyle has caused devastating effects on the health of people, which has fostered the Pilates equipment and gears market opportunity for growth.
According to the Pilates equipment and gears market trends, on the basis of distribution channel, the specialty store segment garners the largest share in 2021. Pilates manufacturers are majorly targeting specialty stores as their distribution channel as it serves as the best place for product promotion and the stores majorly focus on the sales of Pilates equipment and gear. As a result, wider varieties of Pilates equipment & gear are available in specialty stores. Moreover, specialty stores provide exclusive discounts along with the proper guidance by their executives to provide a valuable shopping experience, which results in the growth of the Pilates equipment and gears market. First-time buyers of Pilates equipment and gear may seek help while choosing the product; trained staff from the specialty store helps buyers by explaining every detail of the product and advising appropriate items. This makes buyers prefer specialty stores which boosts the growth of the specialty store segment.
Region-wise, Asia-Pacific was the highest revenue contributor and is estimated to reach $179.51 million by 2031, with the highest CAGR of 11.3%. Population growth and rise in per capita income are the major reasons for the market growth of Pilates equipment in Asia-Pacific. Moreover, growth in awareness related to fitness and changes in lifestyle offer a chance for manufacturers of Pilates equipment to gain a competitive edge in the marketplace. In addition, businesses are using promotional marketing initiatives as a major technique to boost sales and expand their customer base. As people are becoming more aware of the benefits of physical activity in their daily lives, sales of Pilates equipment are steadily increasing. China is one of the countries in the Asia-Pacific region that grows at the fastest rate in terms of revenue generation due to the rise in initiatives by the government to create awareness about physical well-being.
North America was the second-largest market in terms of revenue generation in 2021. The U. S. and Canadian markets stand out due to the growing number of exercise practitioners and the increase in sales of Pilates equipment through various delivery channels. Women are engaging in more physical activity as this exercise has been shown to improve body shape, including abs, buttocks, and hips. Pilates is the most popular & well-known activity in the U. S. and Canada. Such factors are driving the market growth in the region. There is a rapid increase in the number of studios offering Pilates training owing to the rise in the interest of consumers toward the same. Furthermore, while the majority of yoga and Pilates participants are women, participation rates among men have increased over the five years further boosting the growth of the Pilates equipment and gears industry.
Players operating in the global Pilates equipment and gears industry have adopted various developmental strategies to expand their Pilates equipment and gears market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Merrithew Corporation, Stamina Products, Inc., Gratz Industries, LLC, Mad Dogg Athletics, Inc., Aeromat/Ecowise, Beverly Hills Fitness LLC, Trending Fit LLC, Balanced Body, Inc., Align-Pilates Equipment Ltd., and Decathlon S. A.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pilates equipment and gears market analysis from 2015 to 2031 to identify the prevailing pilates equipment and gears market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pilates equipment and gears market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pilates equipment and gears market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Pilates Reformers
- Pilates Mats
- Pilates Balls
- Pilates Rings
- Pilates Towers
- Barrels and Arcs
- Pilates Cadillac
- Chairs
- Gears
- Others
By Application
- Commercial Space
- Residential Space
- Others
By Distribution Channel
- Supermarkets/ Hypermarkets
- Specialty Stores
- Retail Stores
- E-commerce
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Balanced Body, Inc.
- Beverly Hills Fitness LLC.
- Align-Pilates Equipment Ltd.
- Stamina Products, Inc.
- Gratz Industries, LLC.
- Mad Dogg Athletics, Inc.
- Aeromat/Ecowise
- Elina Pilates
- DECATHLON S. A.
- Merrithew International Inc.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: PILATES EQUIPMENT AND GEARS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Pilates Reformers
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Pilates Mats
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Pilates Balls
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Pilates Rings
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6. Pilates Towers
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
4.7. Barrels and Arcs
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market share analysis by country
4.8. Pilates Cadillac
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market share analysis by country
4.9. Chairs
4.9.1 Key market trends, growth factors and opportunities
4.9.2 Market size and forecast, by region
4.9.3 Market share analysis by country
4.10. Gears
4.10.1 Key market trends, growth factors and opportunities
4.10.2 Market size and forecast, by region
4.10.3 Market share analysis by country
4.11. Others
4.11.1 Key market trends, growth factors and opportunities
4.11.2 Market size and forecast, by region
4.11.3 Market share analysis by country
CHAPTER 5: PILATES EQUIPMENT AND GEARS MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2. Commercial Space
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Residential Space
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
CHAPTER 6: PILATES EQUIPMENT AND GEARS MARKET, BY DISTRIBUTION CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2. Supermarkets/ Hypermarkets
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Specialty Stores
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Retail Stores
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5. E-commerce
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6. Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country
CHAPTER 7: PILATES EQUIPMENT AND GEARS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by Distribution Channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.1.4 Market size and forecast, by Distribution Channel
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by Application
7.2.5.2.4 Market size and forecast, by Distribution Channel
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by Application
7.2.5.3.4 Market size and forecast, by Distribution Channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by Distribution Channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 France
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.1.4 Market size and forecast, by Distribution Channel
7.3.5.2 Germany
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.2.4 Market size and forecast, by Distribution Channel
7.3.5.3 Italy
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.3.4 Market size and forecast, by Distribution Channel
7.3.5.4 Spain
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.4.4 Market size and forecast, by Distribution Channel
7.3.5.5 UK
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by Application
7.3.5.5.4 Market size and forecast, by Distribution Channel
7.3.5.6 Russia
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Type
7.3.5.6.3 Market size and forecast, by Application
7.3.5.6.4 Market size and forecast, by Distribution Channel
7.3.5.7 Rest of Europe
7.3.5.7.1 Key market trends, growth factors and opportunities
7.3.5.7.2 Market size and forecast, by Type
7.3.5.7.3 Market size and forecast, by Application
7.3.5.7.4 Market size and forecast, by Distribution Channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by Distribution Channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.1.4 Market size and forecast, by Distribution Channel
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.2.4 Market size and forecast, by Distribution Channel
7.4.5.3 India
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.3.4 Market size and forecast, by Distribution Channel
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.4.4 Market size and forecast, by Distribution Channel
7.4.5.5 Australia
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by Application
7.4.5.5.4 Market size and forecast, by Distribution Channel
7.4.5.6 Thailand
7.4.5.6.1 Key market trends, growth factors and opportunities
7.4.5.6.2 Market size and forecast, by Type
7.4.5.6.3 Market size and forecast, by Application
7.4.5.6.4 Market size and forecast, by Distribution Channel
7.4.5.7 Malaysia
7.4.5.7.1 Key market trends, growth factors and opportunities
7.4.5.7.2 Market size and forecast, by Type
7.4.5.7.3 Market size and forecast, by Application
7.4.5.7.4 Market size and forecast, by Distribution Channel
7.4.5.8 Indonesia
7.4.5.8.1 Key market trends, growth factors and opportunities
7.4.5.8.2 Market size and forecast, by Type
7.4.5.8.3 Market size and forecast, by Application
7.4.5.8.4 Market size and forecast, by Distribution Channel
7.4.5.9 Rest of Asia-Pacific
7.4.5.9.1 Key market trends, growth factors and opportunities
7.4.5.9.2 Market size and forecast, by Type
7.4.5.9.3 Market size and forecast, by Application
7.4.5.9.4 Market size and forecast, by Distribution Channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by Distribution Channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.1.4 Market size and forecast, by Distribution Channel
7.5.5.2 South Africa,
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.2.4 Market size and forecast, by Distribution Channel
7.5.5.3 Saudi Arabia
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by Application
7.5.5.3.4 Market size and forecast, by Distribution Channel
7.5.5.4 UAE
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Type
7.5.5.4.3 Market size and forecast, by Application
7.5.5.4.4 Market size and forecast, by Distribution Channel
7.5.5.5 Argentina
7.5.5.5.1 Key market trends, growth factors and opportunities
7.5.5.5.2 Market size and forecast, by Type
7.5.5.5.3 Market size and forecast, by Application
7.5.5.5.4 Market size and forecast, by Distribution Channel
7.5.5.6 Rest of LAMEA
7.5.5.6.1 Key market trends, growth factors and opportunities
7.5.5.6.2 Market size and forecast, by Type
7.5.5.6.3 Market size and forecast, by Application
7.5.5.6.4 Market size and forecast, by Distribution Channel
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.5. Top player positioning, 2015
CHAPTER 9: COMPANY PROFILES
9.1 Balanced Body, Inc.
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Beverly Hills Fitness LLC.
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Stamina Products, Inc.
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 DECATHLON S. A.
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 Mad Dogg Athletics, Inc.
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 Elina Pilates
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Aeromat/Ecowise
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Gratz Industries, LLC.
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 Align-Pilates Equipment Ltd.
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 Merrithew International Inc.
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Pilates Equipment and Gears Market,' The pilates equipment and gears market size was valued at $144.20 million in 2015, and is estimated to reach $521.8 million by 2031, growing at a CAGR of 10.5% from 2022 to 2031.Pilates equipment and gear are used while performing Pilates, which is a form of exercise that aims to strengthen muscles while improving body flexibility & postural alignment. The key factors that fuel the Pilates equipment and gears market include an upsurge in the number of fitness enthusiasts, an increase in the obese population, and an increase in health consciousness & awareness among people. However, factors such as the high cost of Pilates equipment and gears resulting in lower registrations impede the growth of the market.
The Pilates equipment and gears market is classified on the basis of type, application, distribution channel, and region. By type, the market is segmented into Pilates reformers, Pilates mats, Pilates balls, Pilates rings, Pilates towers, barrels & arcs, Pilates Cadillac, chairs, gears, and others. The Pilates reformers segment is expected to dominate the Pilates equipment and gears market during the forecast period. Moreover, the gears segment will grow at the fastest growth rate during the forecast period. On the basis of application, the market is classified as commercial spaces, residential spaces, and others. By distribution channel, the market is divided into supermarkets/hypermarkets, specialty stores, retail stores, e-commerce, and others.
The consistent Pilates equipment and gears market opportunity for growth in the European region has made it an attractive prospect for investors, notably in the private equity community. In the UK, Gymbox, a British fitness company that offers 15 different kinds of yoga and Pilates classes, experienced 28% revenue growth in 2016 and has plans to open three new studious in the coming years. Fitness companies in the European region are quickly adapting to new consumer demands such as Pilates. Therefore, along with smaller studios, the gyms also offer Pilates classes at many of their sites which increases the Pilates equipment and gears market growth.
The trend toward studio-based fitness practice provides the customized Pilates sessions that individuals want at a quality that justifies their pricing, with fewer overheads than bigger gyms. Furthermore, children in Europe participate in Pilates as a co-curricular activity in their schools & other educational institutions. They began learning about the benefits & significance of Pilates at an early age. Insurance companies in Germany and other areas of Europe refund a portion of the course price as part of their health insurance plan. This element is predicted to enhance market growth. Furthermore, consumer demand is expected to continue to move & adapt toward new practices & models, resulting in the widespread adoption of Pilates & yoga activities.
Although Pilates has gained popularity all over the world, the market for Pilates studios is being restrained by the presence of fitness centers, gyms, and other fitness facilities (dancing & martial arts). Additionally, the expansion of meditation centers is currently drawing a sizable client base, which is impeding the market's growth. Additionally, it is anticipated that the numerous discounts and packages provided by gyms and fitness centers will restrict the number of Pilates center subscriptions, hence limiting the market's global expansion.
Pilates studios are developing in Asia-Pacific countries, mostly in metropolises and tier-1 cities. Pilates has a sizable market in western countries and is further establishing its footprint in the Asia-Pacific subcontinent area. Moreover, an increase in awareness toward maintaining proper fitness is boosting the demand for Pilates & yoga classes as well as for the types of equipment in commercial & residential spaces.Population growth and rise in per capita income are the major reasons for the market growth of Pilates equipment in Asia-Pacific. Moreover, growth in awareness related to fitness and changes in lifestyle offer a chance for manufacturers of Pilates equipment to gain a competitive edge in the marketplace. In addition, businesses are using promotional marketing initiatives as a major technique to boost sales and expand their customer base. With the growing popularity of working from home trend, many people in Asia-Pacific have switched to online fitness programs such as yoga, meditation, workouts, and a variety of other activities that improve physical appearance. All these factors augment the market growth in the region.
Players operating in the global Pilates equipment and gears market have adopted various developmental strategies to expand their Pilates equipment and gears market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Merrithew Corporation, Stamina Products, Inc., Gratz Industries, LLC, Mad Dogg Athletics, Inc., Aeromat/Ecowise, Beverly Hills Fitness LLC, Trending Fit LLC, Balanced Body, Inc., Align-Pilates Equipment Ltd., and Decathlon S.A.
Key findings of the study
According to the Pilates equipment and gears market analysis, in 2021, depending on product type, the Pilates reformers segment accounted for garnering a major share of the global Pilates equipment and gears industry, in terms of revenue.On the basis of application, the segment of the commercial space acquired the highest market share and is expected to continue its dominance during the Pilates equipment and gears market forecasted period.
According to the Pilates equipment and gears market trends, by distribution channel, specialty stores dominated the global market in 2021 and are expected to grow at a significant CAGR during the forecast period.
Based on region, the U.S. was the most prominent market in North America in 2021 and is growing at a CAGR of 9.9% during the forecast period.
Companies Mentioned
- Balanced Body, Inc.
- Beverly Hills Fitness LLC.
- Align-Pilates Equipment Ltd.
- Stamina Products, Inc.
- Gratz Industries, LLC.
- Mad Dogg Athletics, Inc.
- Aeromat/Ecowise
- Elina Pilates
- Decathlon SA
- Merrithew International Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 444 |
| Published | November 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 175.62 million |
| Forecasted Market Value ( USD | $ 521.82 million |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
