Pilates equipments are machines which are used for enhancing the strength of various muscles in the body. Several types of Pilates equipment exist in the market such as Pilates machines, Pilates rings, Pilates mats, and Pilates balls. Gears are the gym clothes that include leggings, socks, and gloves. Gym gears provide comfort, prevent injuries, give flexibility to the body and enhance body movement. Pilates equipment and gears are easily available at supermarket/ hypermarket, specialty store, retail stores, and e-commerce platforms. The global Pilates equipment and gears market has experienced a significant growth, and is expected to grow considerably in next few years owing to the increase in usage of Pilates equipment and rise in trend of joining gym.
Companies Covered :-
Nike, Puma, Levi Strauss & Co., Tommy Hilfiger, V.F. Corporation, Jacques Moret Inc., America Corporation, Reebok, Adidas, Hugo Boss AG, Ralph Lauren Corporation, Banana Republic, Jockey International,
The Joint Workshop Pty Ltd, AGM Group, Bonepilates, Balanced Body, Peak Pilates, Tirado Pillates Apparatus, Merrithew Corporation, Stamina Products Incorporation, Tone Pilates, Xtend Pilates, Gratz Industries LLC, Mad DoggAtheletics Incorporation, Sivan Health and Fitness,
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COVID-19 Scenario Analysis
The COVID-19 outbreak has shaken economies worldwide. In this scenario, some industries have done quite well, while others have suffered losses. The Pilates equipment and gears market has done well during the pandemic as people have become more health conscious. The pandemic coupled with lockdown in various countries has propelled the growth of Pilates equipment and gears market. The sale of the products has increased significantly through online channels. However, the lockdown scenario in various countries has hampered the production and supply chain of the Pilates equipment and gears.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The surge in the usage of Pilates equipment and gears due to the rise in trend of joining gym and increase in health consciousness among general public has propelled the growth of Pilates equipment and gears market. In addition, a significant rise in the patients of diabetes, cardiovascular problems, obesity, and other chronic diseases in the developed economy due to unhealthy lifestyle can be seen. The increase in such diseases has induced people to purchase strength gaining equipments and join gym which has further given traction to the market.
The rise in disposable income in developing economies and increase in fitness trend among millennials has further supported the market to remain profitable in the coming years. Busy lifestyle, unhealthy eating habits, increase in stress level, and rise in urbanization in emerging economies has influenced people to adopt strength training and fitness exercises regularly due to which the sale of Pilates equipment and gears has increased.
The Global Pilates Equipment and Gears Market Trends
Innovation in the Market
Launches of new innovative Pilates equipment and gym gears can be seen as manufacturers are focused on making improved Pilates equipment. They have taken necessary steps to improve accuracy of equipments and overall functionality as well. Gym gears manufacturers are focused on producing new products for specific applications as many varying demands based on the utilization exist. Leading market players are focused on eco-friendly gym gears to serve the increase in demand for workout gears made of natural fibers. For instance in, May 2019, Tala, women’s active wear brand launched women workout wears which are eco-friendly in nature and made of cotton.
Growth in Pilates Equipment for Residential Spaces
The trend of doing fitness exercise at home has increased which in turn has surged the demand for gears and Pilates equipment for residential spaces due to rise in online gym training classes and difficulty of commuting to gym during the pandemic.
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Key Benefits of the Report
- This study presents the analytical depiction of the global Pilates equipment and gears market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Pilates equipment and gears market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the global Pilates equipment and gears market.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides detailed global Pilates equipment and gears market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Pilates Equipment and Gears Market Research Report
- Which are the leading players active in the Pilates equipment and gears market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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