Global Pilates Equipment Market 2019-2023
About this market
Increased adoption of Clinical Pilates to drive growth in the market. Pilates, and subsequently Pilates equipment, are in high demand in clinics, among physiotherapists, for injury rehabilitation and posture correction. This trend is more visible in developed countries such as the UK, the UK, and Australia. Technavio’s analysts have predicted that the Pilates equipment market will register a CAGR of more than 9% by 2023.
Increased emphasis on fitness activities
There has been a significant increase in focus on fitness activities for a variety of reasons such as good physical health, injury rehabilitation, and need to excel in sport. This drives growth in the market.
High cost of Pilates equipment
The high costs associated with Pilates equipment will remain a challenge for growth of the market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the Pilates equipment market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Merrithew and Xtend Pilates the competitive environment is quite intense. Factors such as the increased adoption of Clinical Pilates and the increased emphasis on fitness activities, will provide considerable growth opportunities to Pilates equipment manufactures. Balanced Body, BASI Systems, Gratz Industries, Merrithew, and Xtend Pilates are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Pilates Equipment Market 2019-2023
Technavio recognizes the following companies as the key players in the global Pilates equipment market: Balanced Body, BASI Systems, Gratz Industries, Merrithew, and Xtend Pilates.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increased adoption of Clinical Pilates.”
According to the report, one of the major drivers for this market is the increased emphasis on fitness activities.
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