Pilates & Yoga Studios Market size is anticipated to reach USD 1121 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of pilates & yoga studios was over USD 325 Billion. One of the primary factors driving the growth of the market is increasing awareness of the benefits of practices like pilates & yoga. People are becoming more aware of the numerous physical, mental, and emotional benefits of Pilates and yoga, including stress relief, improved flexibility, better posture, and increased strength. For instance, as per WHO, globally, one in every 7 (14%) of individuals aged 10-19 experience mental health issues.
In addition, various mental and physical health programs have been launched by various governments in the nations which are likely to positively impact the global pilates & yoga studios market. For instance, the Global Action Plan on Physical Activity (GAPPA) for the years 2018–2030. Its objectives are to reduce the prevalence of inactivity by 15% by the year 2030 and enhance physical activity globally
Author Credits: Anil Kumar, Ipsheeta Dash
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