Research Nester’s recent market research analysis on “Pilates & Yoga Studios Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global Pilates & Yoga Studios market in terms of market segmentation by activity type, application, and by region.
Growing Concern for the Prevalence of Chronic Diseases to Promote Global Market Share of Pilates & Yoga Studios
The global market for pilates and yoga studios is expanding as a result of several causes, including the increase in health consciousness and the incidence of obesity. Overweight and obesity rank as the sixth most common cause of death globally, per a study. Obesity and overweight are associated with an estimated 2.8 million adult deaths annually. This has raised awareness regarding yoga and other physical exercises. The surge in pilates and yoga memberships is also attributed to government efforts that support healthy living. Pilates and yoga studio sales are driven by rising disposable income in non-industrialized nations, a growing consciousness of health, and the appeal of physical exercise.
The requirement for physical fitness is likely to rise due to increasing pressure and initiatives from regulatory agencies such as the 2018–2030 Global Action Plan on Physical Activity (GAPPA). Its goals are to increase physical activity worldwide and cut the rate of inactivity by 15% by 2030.
some of the major growth factors and challenges that are associated with the growth of the global pilates & yoga studios market are:
Growth Drivers:
• Surge in Vaccination Drive for COVID-19 Globally
• Rising Need for Digital Drug Delivery
Challenges:
The rise in popularity of various fitness platforms like Zumba, gyms, martial arts, kickboxing, and meditation centers is expected to hinder the growth of pilates and yoga studios. Moreover, the attractive offers and package discounts offered by gyms are expected to hinder the market's growth.
Request Report Sample@
https://www.researchnester.com/sample-request-5414
Some other factors such as the high cost of yoga classes and lack of awareness regarding physical and mental health may hamper the growth of the pilates & yoga studios market.
By activity type, the pilates & yoga studios market is divided into yoga classes, pilates classes, pilates & yoga accreditation training, and merchandise sales. Pilates & yoga studios market for the yoga classes segment is expected to hold the greatest share of 42% of the market. Yoga has been demonstrated to alleviate back pain, and it may also help with arthritis alleviation, a condition that is common among the elderly. Frequent yoga practice can help with weight control, blood pressure reduction, heart health maintenance, stress reduction, improved sleep quality, and physical strength, balance, and flexibility. For example, it was projected that 28.75 million Americans practiced yoga in 2018, and by 2020, that number is expected to increase to around 55 million. Yoga's popularity and acceptance are expected to increase as more people become aware of its health benefits, which will drive the segment's revenue growth.
By region, the North American pilates and yoga studios market is to generate the highest revenue by the end of 2036. The region is expected to hold the largest share of 36% during the forecast period. The two drivers propelling the market expansion in the region are the growing number of yoga practitioners and the rise in yoga equipment sales at various studios. Pilates is the most popular and well-known kind of exercise in the US and Canada. Yoga is one of the many new cultures and trends that these countries are eager to learn about. In the US and Canada, yoga is widely practiced and has gained popularity. In the United States, the number of working women is rising significantly. As per the data provided by US government, as of Feb 2022, women accounted for approximately 46.8% of the labor force which is around 76.6 million. This rising working women population in the region is further estimated to support the growth of Pilates and yoga studios market.
Access our detailed report at:
https://www.researchnester.com/reports/pilates-yoga-studios-market/5414