According to the newest report published by Research Dive, the global pilates and yoga studios market is expected to a revenue of $269,301.8 million by 2028, growing rapidly at a CAGR of 10.0% during the forecast period (2021-2028). The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market such as growth factors, challenges, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.
Drivers: Numerous people across the globe are inclining towards practice of pilates and yoga, owing to their various benefits. Pilates significantly improve flexibility and posture of the body along with increasing the muscle strength. The further enhance concentration and alertness whilst favoring stress management. On the other hand, yoga exercises substantially boost the functioning of cardiovascular system regulating blood pressure and improving blood circulation. In addition, they enhance the functioning of digestive system and boosts musculoskeletal strength. These factors are expected to drive the growth of the pilates and yoga studios market during the forecast period.
Restraints: Increasing prevalence of alternate fitness platforms such as meditation centers, Zumba, martial arts, gyms, etc. are expected to impede the growth of the market during the forecast period.
Opportunities: Growing popularity of online yoga and pilates sessions among people, especially during lockdowns are expected to create immense opportunities for the growth of the market during the forecast period.
Impact of COVID-19 on the Market:The outbreak of coronavirus has had a devastating impact on the growth of the global pilates and yoga studios market, owing to the prevalence of redundant lockdowns in various countries across the globe. Lockdowns led to the closure of various yoga and pilates studios around the world in order to curb the spread of the virus during the pandemic. More and more people inclined towards home workouts rather than spending on membership fees on pilates and yoga studios. Thus, the pandemic has had a negative impact on the growth of the market.
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Post time: Nov-11-2021