Pilates Equipment and Gears Market: Global Market Growth by Type, Distribution Channel, Application, End Use and Region Forecast (2023 – 2029)

Pilates Equipment and Gears Market expected to hit USD 554.61 Mn by 2029 from USD 282.80 Mn in 2022 at a CAGR of 10.1 % during the forecast period
Pilates Equipment and Gears Market Overview
Market are portable workout resistance bands to perform fitness activities at home, office or anywhere. Pilates Reformer is the most popular piece of Pilates equipment. The growing health awareness and the importance of physiotherapy among people is expected to drive the Pilates Equipment and Gears Market. The growing trend of indoor and outdoor fitness activities among millennials is creating a lucrative opportunity for major Pilates Equipment and Gears Key Manufacturers. The market is highly fragmented and small players are expected to dominate the Pilates Equipment and Gears Industry.To know about the Research Methodology :- Request Free Sample Report
Pilates Equipment and Gears Market Research Methodology
The report provides a detailed analysis of the market through segments: type, distribution channel, end use and application along with their sub-segments. The bottom-up approach was used to estimate the size of the Pilates Equipment and Gears Market by value and volume. The report involves the major Pilates Equipment and Gears Key Players benchmarking based on their flagship product, market size, market share, and revenue in geographic regions such as North America, Asia Pacific, South America, Europe, and the Middle East and Africa.

The report includes a strategic alliance, recent developments and mergers and acquisitions by Market Key Companies. The report used primary and secondary research methods to collect the data. Primary data were gathered from interviews with market leaders, business owners and opinions from senior research analysts. Whereas, secondary data were collected from paid databases, public records and white papers from organizations. The data was later analyzed by SWOT analysis, PESTLE analysis and PORTER’s five force model.
Pilates Equipment and Gears Market Dynamics
Drivers:

Pilates Equipment and Gears range from small, tiny portable products such as resistance bands, pilates mats and pilates rings to huge products such as Cadillac, reformers, and chairs. These gears are gaining popularity due to their portability for fitness activities in all age groups since it’s helpful in all kinds of strength training exercises. The increased awareness regarding physiotherapy in the sports industry and increased health consciousness and the trend of home workouts due to lack of time are expected to drive the Pilates Equipment and Gears Market. The change in lifestyle has increased the rate of obesity and health issues so fitness activities become a major priority across the working population in the world.

The MMR survey included in the report states that the Millennial generation is expected to play a significant role in driving the Pilates Equipment and Gears Market. They are preferring personalized fitness with smaller and more focused workouts. The fitness boutique studios are providing all these things under one roof with portable fitness equipment. The growing number of fitness boutique studios ultimately increases the demand for Pilates Equipment and Gears Market. The lightweight and portable Pilates Equipment and Gear have been increasing the popularity of physical exercises among all age groups. More and more types of equipment are introduced in the market by the Pilates Equipment and Gears Key Players.
Trends in Pilates Equipment Gears Industry
1.Biohacking Goes Mainstream: - Biohacking is the process of improving one’s physical or mental performance, health and well-being through strategic interventions such as meditation and intermittent fasting, any science-based approach for the betterment of health with some physical activities. The trend is expected to propel the growth of the Pilates Equipment and Gears Market during the forecast period.

2.The Wearable Tech Market Explodes: - According to the MMR report, wearable medical device companies are expected to grow at a CAGR of 17 percent in the market. Wearable tech devices include several types such as wearable fitness trackers, smart health watches, wearable ECG monitors, wearable blood pressure monitors and wearable biosensors. Wearable medical devices monitor people’s health due to continuous remote monitoring it showing a reduction in patients’ deterioration into respiratory arrest.

3.Home Gyms Demand Increased Exponentially Post-Lockdowns: - Home gyms trend has emerged after the pandemic and continues to grow over the period. Multiple Pilates Equipment and Gears Key Manufacturers are introducing lightweight and strong fitness gear and equipment for home workouts. It reduces the cost and space needed for big gym equipment on account of it, the Pilates Equipment and Gears Market is expected to grow significantly.

4.More Mobile Fitness Apps Emerge: - The MMR report states that mobile applications are fuelling the growth of the personal fitness industry with approximately 800 million users worldwide. Mobile apps reduce the need for a personal trainer and provide support in improving physical wellness. Mobile apps are keeping people always aware of their health and suggest exercises according to their body type.

5.Growing Popularity of High-Intensity Intensity Interval (HIIT) Training: - It is a form of short and intense exercise that can vary from a few seconds to a couple of minutes. HIIT workout has a lot of benefits in a short time of exercise such as reduced body fats and improves cardiovascular and metabolic health. HIIT workouts also include Pilates Equipment and Gears, which are expected to drive the market.

Market Growth Restraints

The availability of alternative and cheap products in local markets for physical activities is expected to constrain the growth of the market. The presence of alternatives lesser the demand for Pilates Equipment and Gears Market. There are opinions from some fitness enthusiasts that Pilates Equipment and Gears are less effective than the other forms of exercise, which is expected to limit the growth of the market. The report includes Growth hubs, Restraints and investment feasibility in the Pilates Equipment and Gears Market.
Pilates Equipment and Gears Market Regional Insights
Asia Pacific is expected to hold the largest share in the Pilates Equipment and Gears Market during the forecast period (2023-2029). The presence of a large working population in the region demands portable fitness equipment and gear to maintain physical and mental well-being through exercises. Multiple IT companies are deploying Pilates Equipment and Gears Products at their premises, which is involving a lot of employees in physical activities. The developing IT infrastructure in the economies such as China and India is creating a lucrative opportunity for Pilates Equipment and Gears Key Manufacturers to invest in the region and hold the largest share of the market.

North America is the second-largest growing region in the market during the forecast period. The popularity of awareness regarding physical as well as mental health in the region and the growing issues due to the high rate of obesity in health-related problems in the U.S. and Canada has been seeking all-in-one equipment and gear. The region is already developed and has high GDP, also the technical developments and the presence of major key players are expected to drive the Pilates Equipment and Gears Market.
Pilates Equipment and Gears Market Competitive Landscape
Peak Pilates launched the new Afina line, which includes features such as the introduction of new sleek posts without metal brackets, which gives clear space and a clean look, a removable three-position headrest, miltered corners, fill holes and minimization of screws highlight the elegance of the product. The report provides a detailed analysis of the major Pilates Equipment and Gears Key Players such as Balanced Body, Inc., Beverly Hills Fitness LLC., Align-Pilates Equipment Ltd., Peak Pilates and others. Competitive benchmarking helps to understand the situation of the market and the Pilates Equipment and Gears Key Company positioning by their revenue, gross income, market share, market size and recent developments. The report involves the Pilates Equipment and Gears Market Share by segments in top geographic regions along with the socio-political aspects that affects the market in the region.
Pilates Equipment and Gears Market Segment Analysis:
Based on Type, The Pilates reformer segment dominated the Pilates Equipment and Gears Market in 2022 and is expected to grow significantly throughout the forecast period. The increased penetration of advanced and lightweight Pilates reformers in developed and developing economies is driving the need for Pilates Equipment and Gears Market. The Pilates reformer has the benefit such as it improves flexibility, balance and focus and with the help of a reformer anyone can perform various exercises. These factors have been driving the segment to grow in the market. Pilates mats, balls, rings, towers, barrels and arcs are also expected to propel the growth of the market.

Based on Distribution Channel, The Pilates Equipment and Gears are distributed through supermarkets or hypermarkets, specialty stores, retail stores, e-commerce and others. Among them, Specialty stores are expected to hold the largest revenue share in the Pilates Equipment and Gears Market. The Specialty stores are considered as the dedicated and most trusted sellers of the market. The Pilates Equipment and Gears are the flagship products in the specialty stores and not like a part of sub-product for sale in supermarkets and others. These factors are expected to boost the demand for Pilates Equipment and Gears Products.

Based on Application, The commercial space segment is expected to dominate the market with the largest revenue share during the forecast period. Adding Pilates Equipment and Gears in the commercial space offers a number of health benefits by helping in increasing core strength, improving posture, decreasing back pain, preventing injuries and enhancing body awareness. It is also beneficial for female workers as it minimizes menstrual pain and increases flexibility and mobility. These factors are expected to propel the growth of the Commercial space segment in the market.
Pilates Equipment and Gears Market Scope: Inquire before buying



Pilates Equipment and Gears Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 282.80 Mn.


Forecast Period 2023 to 2029 CAGR:
10.1%
Market Size in 2029:
US $ 554.61 Mn.


 Segments Covered:
by Type
1. Pilates Reformers
2. Pilates Mats
3. Pilates Balls
4. Pilates Rings
5. Pilates Towers
6. Barrels and Arcs
7. Pilates Cadillac
8. Chairs
9. Gears
10. Others


by Distribution Channel
1. Supermarkets/ Hypermarkets
2. Specialty Stores
3. Retail Stores
4. E-commerce
5.Others


by Application
1. Commercial Space
2. Residential Space
3. Space Stations


by End Use
1. Health Clubs/Gyms
2. Home Workout Equipment
3. Public institution
4. Hospitals and Medical Centers



Pilates Equipment and Gears Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Pilates Equipment and Gears Market, Key Players are
1. Balanced Body, Inc.
2. Beverly Hills Fitness LLC.
3. Align-Pilates Equipment Ltd.
4. Stamina Products, Inc.
5. Gratz Industries, LLC.
6. Mad Dogg Athletics, Inc.
7. Aeromat/Ecowise
8. Elina Pilates
9. DECATHLON S.A.
10. Merrithew International Inc.
11. BASI Pilates
12. POLESTAR PILATES
13. Merrithew
14. AGM Group
15. Tirado Pillates Apparatus
16. Sivan Health and Fitness
17. The Joint Workshop Pvt Ltd

Frequently Asked Questions:

1] What is the growth rate of the  Market?
Ans. The P Market is growing at a CAGR of 10.1% during the forecast period.

2] Which region is expected to dominate the  Market?
Ans. North America is expected to dominate the Market during the forecast period from 2023 to 2029.

3] What is the expected Market size by 2029?
Ans. The size of the Market by 2029 is expected to reach USD 554.61 Mn.

4] Who are the top players in the Market?
Ans. The major key players in the  Market are Balanced Body, Inc., Beverly Hills Fitness LLC., Align-Pilates Equipment Ltd., Stamina Products, Inc., Gratz Industries, LLC.

5] Which factors contributed for the growth of the  Market in 2022?
Ans. The  Market is expected to grow due to increasing awareness regarding health.