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NEW YORK, Oct. 15, 2024 /PRNewswire/ -- Report on how AI is driving market transformation- The global pilates equipment market
size is estimated to grow by USD 146.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about
12%
during the forecast period.
Increasing demand for home fitness equipment
is driving market growth,
with a trend towards
increasing number of online fitness training programs. However,
rising popularity of other forms of fitness formats
poses a challenge. Key market players include Balanced Body Inc., BASI Systems Pilates Sanayi Ticaret Anonim Sirketi, Bonpilates SL, CAP Barbell, Etsy Inc., Gratz Industries LLC, Mad Dogg Athletics Inc., Merrithew International Inc., Metalife, PILATES DESIGNS LLC, Pilates Scandinavia, PilatesEquip The Joint Workshop Pty Ltd., Sivan Health and Fitness, Stamina Products Inc., The Mad Group HQ Ltd, Tirado Pilates Apparatus, Trending Fit LLC, VIVA FITNESS, XtendPilates, and Zhejiang Woods Technology Co. Ltd..
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Technavio has announced its latest market research report titled Global Pilates Equipment Market 2024-2028
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| Forecast period |
2024-2028 |
| Base Year |
2023 |
| Historic Data |
2018 - 2022 |
| Segment Covered |
Product (Pilates machines, Pilates mats, Pilates rings, Pilates balls, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) |
| Region Covered |
North America, Europe, APAC, South America, and Middle East and Africa |
| Key companies profiled |
Balanced Body Inc., BASI Systems Pilates Sanayi Ticaret Anonim Sirketi, Bonpilates SL, CAP Barbell, Etsy Inc., Gratz Industries LLC, Mad Dogg Athletics Inc., Merrithew International Inc., Metalife, PILATES DESIGNS LLC, Pilates Scandinavia, PilatesEquip The Joint Workshop Pty Ltd., Sivan Health and Fitness, Stamina Products Inc., The Mad Group HQ Ltd, Tirado Pilates Apparatus, Trending Fit LLC, VIVA FITNESS, XtendPilates, and Zhejiang Woods Technology Co. Ltd. |
Key Market Trends Fueling Growth
In today's digital age, the convenience of online fitness training is driving growth in the global pilates equipment market. With an increasing number of people prioritizing health and fitness, the availability of affordable online training programs is a significant draw. These programs offer flexibility for individuals with busy schedules or mobility issues, allowing them to practice Pilates exercises from home. The market is expected to expand due to the rising demand for convenient and cost-effective fitness solutions. Online platforms provide a wide range of resources, including exercise instructions, dietary advice, and fitness tips, making them an attractive alternative to traditional gym memberships.
The Pilates Equipment Market is experiencing significant growth due to increasing health awareness and the rise of chronic conditions such as diabetes, obesity, lung problems, and musculoskeletal disorders. People are prioritizing self-care and seeking out health care facilities and boutique studios for physical exercise solutions. The Pilates method, with its low-impact nature, is becoming increasingly popular for those with high blood pressure, respiratory issues, and chronic conditions like cancer and asthma. Pilates equipment, including machines like Cadillacs, Reformers, Chairs, Barrels, Arcs, mats, resistance bands, Pilates balls, and rings, are in high demand. Fitness enthusiasts also turn to Pilates for complementary workouts, alongside activities like running, swimming, and yoga. Virtual fitness and gymnasiums are also integrating Pilates equipment into their offerings, making it more accessible to a wider audience. Male participation in Pilates is on the rise, as is the trend towards a healthy lifestyle that includes proper nutrition, physical activity, and self-care. Alcohol and drug use are being recognized as detrimental to health, further fueling the demand for Pilates equipment and methods. Overall, the Pilates Equipment Market is poised for continued growth in the coming years.
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Market
Challenges
The fitness industry is highly competitive, with pilates equipment facing challenges from various alternatives such as yoga and traditional strength training equipment. Yoga provides benefits including relaxation, calorie burning, and muscle toning through stretching poses. Traditional strength training equipment like weight plates, bars, benches, racks, home gyms, barbells, and kettlebells offer an effective workout, targeting multiple muscle groups with exercises like the Big Four barbell workouts. These alternatives have a lower initial investment and operational costs compared to pilates equipment. Additionally, they have greater market reach due to higher awareness in both developed and developing economies. Therefore, the presence of these substitutes poses a significant challenge to the growth of the global pilates equipment market.
The Pilates Equipment Market is growing as more people seek out the health advantages of Pilates for fitness and rehabilitation. However, there are challenges in increasing male participation due to perceived gender bias. This market includes various equipment like Pilates machines (Reformers, Cadillacs, Chairs, Barrels, Arcs), mats, rings, balls, and resistance bands. These are used in gyms, professional Pilates studios, and rehabilitation facilities, as well as at home. High blood pressure, respiratory issues, chronic conditions, cancer, and asthma patients benefit from Pilates. Virtual fitness and smart features like interactive mirrors, AI-driven training applications, and smart reformers are popular trends. Eco-friendly collections with organic fabrics and recyclable materials are also gaining traction. Exercise enthusiasts can choose from a range of equipment for running, swimming, weight loss, yoga, and maintaining a healthy lifestyle.
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Segment Overview
This pilates equipment market report extensively covers market segmentation by
Product
1.1 Pilates machines
1.2 Pilates mats
1.3 Pilates rings
1.4 Pilates balls
1.5 Others
Distribution Channel
Geography
3.1 North America
3.2 Europe
3.3 APAC
3.4 South America
3.5 Middle East and Africa
1.1
Pilates machines-
The Pilates equipment market is experiencing notable growth, with the machines segment leading the way. Key equipment includes cadillacs, reformers, pilates towers, trapezes, pilates chairs, and other products. Reformers and cadillacs are increasingly adopted in medical clinics and health clubs for therapy and injury rehabilitation. Product innovation and the shift towards eco-friendly manufacturing materials are significant market drivers. For instance, BASI Systems' pilates reformer features an enhanced pulley system and expanded gear system for precise control. Traditionally, pilates machines were made from amber and bamboo, but modern equipment uses nanomaterials and carbon fiber for lightweight and sustainable manufacturing. These factors, along with the growing demand in developed countries, are expected to fuel market expansion.
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Research Analysis
The Pilates Equipment Market has witnessed significant growth in recent years due to the increasing health awareness and the need for effective physical exercise solutions. Diabetes, obesity, lung problems, and other health issues have driven individuals to prioritize self-care and physical activity. Pilates, with its low-impact and versatile nature, has emerged as a popular choice. Pilates equipment, including machines like Cadillacs, Reformers, Chairs, Barrels, Arcs, Pilates mats, resistance bands, Pilates balls, and Pilates rings, cater to various fitness levels and needs. These tools help improve flexibility, core strength, and overall well-being. Pilates method incorporates physical exercise, nutrients, and self-care, making it an attractive option for individuals dealing with sleep issues, alcohol, drugs, or sexual preference concerns. Pilates equipment is now widely available in gyms and professional Pilates studios, further expanding its reach.
Market Research Overview
The Pilates Equipment Market is experiencing significant growth due to the increasing health awareness and the need for effective fitness solutions for various chronic conditions such as diabetes, obesity, lung problems, and musculoskeletal disorders. Pilates, with its low-impact and gentle nature, is becoming a popular choice for individuals seeking to improve their overall health and well-being. Pilates equipment includes machines like Cadillacs, Reformers, Chairs, Barrels, Arcs, and mats, as well as accessories like resistance bands, Pilates balls, rings, and towers. These tools help users build strength, flexibility, and balance, making them ideal for individuals dealing with chronic conditions, high blood pressure, respiratory issues, and cancer. The market caters to various fitness preferences, including virtual fitness, gymnasiums, professional Pilates studios, and rehabilitation facilities. Exercise enthusiasts can opt for at-home workout options, while fitness fanatics can explore smart features, novel materials, and interactive mirrors. Eco-friendly collections, organic fabrics, and recyclable materials are also gaining popularity in the market. Pilates offers numerous health advantages, including weight loss, improved sleep, and stress reduction. It is also beneficial for individuals dealing with sexual preference, alcohol, and drug-related issues as part of their self-care and rehabilitation process. The market is expected to continue growing as more people prioritize their health and seek innovative fitness solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Product
Pilates Machines
Pilates Mats
Pilates Rings
Pilates Balls
Others
Distribution Channel
Geography
North America
Europe
APAC
South America
Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:
[email protected]
Website:
SOURCE Technavio
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