Pilates Equipment Market: Current Analysis and Forecast (2022-2028)

Pilates equipment is used to perform various physical exercises to improve flexibility, posture, physical strength, and mental awareness. Pilates is a system of repetitive movements performed on a yoga mat or other equipment to promote strength, stability, and flexibility. Pilates exercises develop the body through muscular effort starting at the core. Pilates is popular with dancers, but it appeals to a wider audience especially youngsters.

The pilates equipment market is expected to grow at a steady rate of around 5% owing to the increasing trend of exercising and the growing number of obesity-related health problems. The growing adoption of pilates equipment is mainly attributed to the growing rate of obesity-related health problems. For instance, according to CDC, every year about 805 thousand people have a heart attack in the United States of America. And According to the world bank, 13% of the world's adults are obese. Moreover, the rising disposable income of individuals around the world coupled with the growing health awareness among consumers is expected to drive the market during the analysis time period.

Based on type, the market is categorized into pilates reformers, pilates mats, pilates balls, pilates rings, and others. The pilates reformer segment is expected to grow at a significant growth rate during the forecast period. The growth of the segment is mainly attributed to various benefits that pilate reforms offer such as:-improves flexibility, improves balance, and improves focus. Furthermore, with one piece of equipment i.e(pilate reformer) an individual can perform various exercises.

On the basis of application, the market is segmented into commercial space residential space, and others. During the forecast period, the commercial segment is expected to achieve a significant share, this is mainly due to the growing number of commercial pilates studios in developed countries around the world. Furthermore, commercial spaces provide an ideal place to perform exercise which is expected to drive the market during the analysis time period.

Based on the distribution channel, the market is bifurcated into retail and online. The retail segment is expected to achieve a significant share in 2020 and is expected to showcase a similar trend during the forecast period. The growing adoption is mainly attributed to the presence of specialty stores around the world, these stores are specially designed for the sale of fitness equipment. Also, pilates manufacturers are mainly targeting specialty stores as their major distribution channel as they can manipulate their margins better on the retail distribution channel. Furthermore, retail stores offer various benefits such as better discounts and proper equipment training with each sale which attracts more customers.

For a better understanding of the market adoption of the pilates equipment industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to lead the pilates equipment market. This is mainly due to the rising popularity of physical as well as mental well-being in the region. Furthermore, the growing obesity in the countries like the USA and Canada is expected to influence market growth. Moreover, the region has developed economies such as the USA and Canada have greater disposable income which allows them to spend more physical well-being coupled with the presence of key market players is expected to drive the market in the region.

Some of the major players operating in the market include: Balanced Body, Beverly Hills Fitness LLC, Align-Pilated, Stamina Products Inc, Gratz Industries, MAD DOGG ATHLETICS INC, Aeromat/Ecowise, Trending Fit LLC, Decathlon, and Merrithew Corporation.