Global Pilates and Yoga Studios Market Report and Forecast 2024-2032

Global Pilates and Yoga Studios Market Report and Forecast 2024-2032

Global Pilates and Yoga Studios Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global pilates and yoga studios market size reached a value of USD 166.90 billion in 2023. Aided by the rising global interest in wellness and fitness, along with increasing consumer spending on holistic health practices, the market is projected to further grow at a CAGR of 9% between 2024 and 2032 to reach a value of USD 365.1 billion by 2032.

Pilates and yoga are forms of exercise that emphasise physical strength, flexibility, and mental wellness, utilising specific postures, movements, and breathing techniques. These practices have not only proven beneficial for physical health but are also recognised for their mental health benefits, including stress reduction and cognitive enhancement.

The global rise in health consciousness has significantly contributed to the pilates and yoga studios market growth. As individuals become more aware of the non-pharmacological ways to maintain health, there is a noticeable shift towards preventive healthcare measures, which include regular practice of yoga and pilates. These practices are increasingly endorsed by celebrities and health influencers, further promoting them as essential components of a healthy lifestyle.

The market is experiencing growth due to the rising incidence of health problems such as obesity, hypertension, and back and joint pain, as well as increasing health consciousness and understanding of the benefits these activities provide. Regular participation in pilates and yoga can enhance posture, build strength, and alleviate joint and back discomfort. pilates specifically targets the strengthening of core muscles, leading to pilates and yoga studios market development.

Technology plays a pivotal role in the transformation of pilates and yoga studios. The integration of advanced systems for scheduling, customer management, and virtual classes has made these practices more accessible. Moreover, the adoption of hybrid models, combining in-studio and online classes, caters to a broader audience, accommodating individuals' preferences for convenience and flexibility in their fitness regimes, consequently driving up the pilates and yoga studios market share.

Wellness tourism, involving travel with the purpose of promoting health and well-being through physical, psychological, or spiritual activities, is on the rise. Pilates and yoga studios are capitalising on this trend by offering retreats and workshops in exotic locations, thereby attracting a global clientele seeking both relaxation and fitness.

Moreover, yoga's adaptability to various skill levels and its profound mental health benefits help maintain its dominance in the market. Specialised forms like Vinyasa, Hatha, and Restorative Yoga cater to diverse preferences and needs. Additionally, pilates is rapidly growing due to its focus on core strength, balance, and flexibility. It appeals particularly to individuals recovering from injuries or those who are in rehabilitation, highlighting its therapeutic aspects, leading to pilates and yoga studios market expansion.

Yoga classes hold a considerable portion of the market share in Pilates and yoga studios due to the numerous advantages they provide, such as enhanced flexibility and body strength, stress relief, pain relief, improved focus, and mindfulness. The wide range of options available, including prenatal, aerial, restorative, integral, chair, hatha, yin, and Bikram, ensures that individuals' diverse needs are met, thus contributing to the growth of the market. Additionally, the increasing availability of yoga equipment through various distribution channels is also facilitating the expansion of this segment.

As per the pilates and yoga studios market analysis, North America leads the market due to the high disposable income of consumers, a large number of studios, and the general popularity of health and wellness trends in the U.S. and Canada. Europe is known for its robust growth, driven by increasing health awareness and the availability of numerous yoga retreats and wellness tourism in countries like Germany, the UK, and France. Additionally, Asia-Pacific is expected to witness the fastest growth, fuelled by the rising middle class, increasing urbanization, and cultural ties to yoga in countries like India.

Market Segmentation

The market can be divided based on the activity type, application, and region

Market Breakup by Activity Type

• Pilates Classes
• Yoga Classes
• Pilates and Yoga Accreditation Training
• Merchandise Sale

Market Breakup by Application

• Small Scale
• Medium Scale
• Large Scale

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global pilates and yoga studios market. Some of the major players explored in the report by Expert Market Research are as follows:

• Fitness Firm Yoga and Pilates Studio
• Harmony Yoga Pilates Studio
• Core Pilates and Mind Limited
• Innerstellar Pilates & Yoga Studio
• M Pilates + Yoga
• Longevita Pilates & Yoga Studio
• Studio A Pilates & Yoga
• Authentic Pilates Ltd.
• Pilates Unlimited
• Fitness Unlimited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.