What is the Pilates and Yoga Studios industry?
The Pilates and Yoga Studios industry is in the mature stage of its life cycle. Over the 10 years through 2020-21, the industry's contribution to the economy (industry value added) is expected to rise by a compound annual rate of 1.3%, a weak performance when compared with annualised GDP growth of 2.6%. This indicates that the industry is growing at a slightly slower pace than the overall economy. However, it is strong competition among providers rather than weak demand that has limited growth over the past five years.
The industry's services have become increasingly accepted as a form of physical exercise. Health-conscious people, particularly women, have flocked to group fitness classes, driving demand upwards... purchase to read more