Market Insider estimates the Pilates and yoga studios market (valued at $87,926m in 2017) to reach $215,811m by 2025 and grow at 11.7%!
The growth is reportedly being driven by an increase in awareness regarding physical and mental health, increase in disposable income in developing countries, and a rise in prominence of activities promoting physical fitness.
Yoga classes to maintain its lead by 2025
Based on activity, the yoga classes segment is projected to register the highest growth rate during the forecast period and is accounted for more than half of the total market share in 2018.
This is due to the increase in adoption of yoga for balancing the stress of daily routine.
Leading market players
The leading players analyzed in the research include Alona Pilates, Body&Soul yoga club(china), Authentic Pilates Ltd, Fitness Firm Yoga and Pilates Studio, CORE PILATES, Flex Studio, Fitness Unlimited, Pilates Plus LLC, M Pilates+Yoga, and Studio Pilates & Yoga, LLC.