Global Pilates Equipment Market 2016-2020
About Pilates Equipment
The Pilates equipment markets in developed countries such as the US, Germany, the UK, Japan, and Australia have relatively high penetration rates, and are nearing saturation. Much of the growth over the forecast period is expected from developing nations, which have considerable growth opportunities in the sports and fitness equipment market in general. The Pilates equipment segment is likely to be a key revenue generator for this market over the next five years.
Technavio’s analysts forecast the global Pilates equipment market to grow at a CAGR of 8.04% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global Pilates equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of medical devices required for thoracic surgeries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pilates Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global Pilates equipment market: Balanced Body, Gratz Industries, Merrithew, Stamina Products, and Xtend Pilates.
Other prominent vendors in the market are: AGM Group, j/fit, Peak Pilates, Sivan Health and Fitness, and Tone Pilates.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increasing adoption of multi-directional training. The multi-directional approach is increasingly becoming a key aspect in strength, reflex, and speed training. Unidirectional training activities are no longer considered sufficient to physical fitness enhancement programs. In order to develop agility, steadiness, speed, strength, proprioception, reflex time, hand eye coordination, and flexibility, the training sessions need to incorporate the requisite equipment. Agility training equipment are being increasingly used in athlete training routines to enhance the effectiveness of these routines. Each product has a specific function and is used either by itself or in combination with other products, depending on the nature of the training required. Physical trainers and games coaches are incorporating the equipment and influencing product R&D in the market.”
According to the report, one of the primary drivers in the market is effectiveness of Pilates exercise for injury rehabilitation. Pilates equipment has a relatively high penetration in North America and Western Europe. Besides regular strength training, Pilates is also being used for rehabilitation from injury. Muscular imbalances can cause injury to the body. Many things such as the way people walk, bend over, sit, or lie down cause these imbalances. This weakens the muscles and the body becomes susceptible to serious pulls, strains, or tears.
Further, the report states that one major challenge in the market is criticality of inventory management and product sourcing. The managing of inventory is a crucial strategy concern for the global sports equipment industry. Consumer preferences change according to the latest trends in the industry, and this speeds up the inventory turnover requirements. Sports equipment suppliers or manufacturers then need to adjust to smaller orders placed by wholesalers and retailers, and improve inventory turnaround times. This puts pressure on the manufacturers’ raw material, quality control, transportation, and labor costs. Owing to the increase in energy prices worldwide and rise in manufacturing costs in China, where most of the world's sporting products are produced, the sports equipment industry has begun to seek more efficient production locations.
Balanced Body, Gratz Industries, Merrithew, Stamina Products, Xtend Pilates, AGM Group, j/fit, Peak Pilates, Sivan Health and Fitness, Tone Pilates.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook