Portland, OR, Jan. 11, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global pilates equipment and gears market generated $144.2 million in 2015, and is estimated to reach $521.8 million by 2031, witnessing a CAGR of 10.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2015 |
| Market Size in 2015 | $144.2 million |
| Market Size in 2031 | $521.8 million |
| CAGR | 10.5% |
| No. of Pages in Report | 444 |
| Segments Covered | Type, Application, Distribution Channel, and Region |
| Drivers | Increase in the number of fitness & health clubs |
| Rise in awareness about fitness among consumers | |
| Rise in incidence of obesity among the population | |
| Health advantages offered by pilates equipment and gears such as strengthening of muscles while improving body flexibility & postural alignment, stress reduction, and sleep improvement | |
| Opportunities | Development of the e-commerce industry, rising digital marketing activities, and surge in reformer and cadillac adoption in treatment centers and health clubs for therapeutic approaches and injury rehabilitation programs |
| Restraints | High cost of pilates equipment and gears |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic led to the rise in awareness among individuals of maintaining proper fitness, resulting in the opening of new pilates studios and fitness centers.
- This influenced the sales of equipment in the residential sector as consumers were eager to perform exercises at their homes to improve their fitness. This boosted the growth of the pilates equipment and gears market.
The report offers a detailed segmentation of the global pilates equipment and gears market based on type, application, distribution channel, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type, the pilates reformers segment held the largest share in 2015, accounting for nearly one-fourth of the global pilates equipment and gears market, and would maintain its dominance during the forecast period. However, the others segment is estimated to witness the fastest CAGR of 14.7% during the forecast period.
Based on application, the commercial space segment held the largest share in 2015, accounting for nearly three-fifths of the global pilates equipment and gears market and would lead the market in terms of revenue during the forecast period. However, the residential space segment would witness the fastest CAGR of 11.5% during the forecast period.
Based on distribution channel, the specialty stores segment held the largest share in 2015, accounting for around two-fifths of the global pilates equipment and gears market and would lead the market during the forecast period. However, the e-commerce segment would witness the fastest CAGR of 11.3% during the forecast period.
Based on region, the market in Asia-Pacific was the largest in 2015, accounting for nearly one-third of the global pilates equipment and gears market share, and is likely to maintain its leadership status during the forecast period. The same market is expected to manifest the highest CAGR of 11.3% from 2022 to 2031. The other regions analyzed in the study include North America, Europe, and LAMEA.
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Leading players of the global pilates equipment and gears market analyzed in the research include 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., and Merrithew International Inc.
The report analyzes these key players of the global pilates equipment and gears market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
