Despite the shaky U.S. economy, a report recently published by IBISWorld (August, 2011), an independent publisher of U.S. industry research, confirms what many us in Pilates already know: Pilates and yoga businesses are growing and expected to grow more.
A summary of the IBISWorld report published in the Wall Street Journal speculates that increased participation from baby boomers and men will help push revenue for the Pilates and yoga industry up at and annual rate of 5% over the next five years. That will take the industry to 8.3 billion by 2016. Profit margins for business operators are also expected to increase by .5%.
So, if you've been thinking about opening a Pilates studio, get yourself over to the small business information site here at About.com and find out what you need to know to get started. If you are on the verge of committing to Pilates teacher training, now is the time. Here are some resources that will help you:
A few other stats revealed in the IBSWorld report caught my eye: They say the Pilates and yoga industry employs 103,033 people and that there are 23,912 businesses. Oh, and that we are already a 7 billion dollar industry. Not too shabby! Now it's true that yoga is a larger part of all the stats than Pilates (most reports lump yoga and Pilates), nevertheless, clearly we're strong and getting stronger.