SoulCycle and Equinox knew they were going to have a big week—but not for the reasons that ended up landing their names in headlines.

On Wednesday, the boutique cycling studio famous for its pricey classes, mood lighting and over-motivational instructors, and luxury gym Equinox announced they’d be joining forces on an on-demand fitness streaming service.

Similar to the Peloton concept, users can stream classes in the comfort of their home from SoulCycle, Equinox and Precision Run, and would come with the equipment the brands are known for—SoulCycle’s stationary bike and Equinox’s Woodway treadmill—with the addition of a screen.

It was an expected move as Peloton, which debuted in 2012, has grown in popularity within in the fitness world.

According to purchase-analysis firm Second Measure, Peloton actually surpassed SoulCycle’s customer numbers by 4% in 2018.

All three of the brands behind the new service are owned by Related Companies, a New York-based real estate firm headed up by chairman and majority owner Stephen Ross.

Boutique fitness center is a small gym, which focuses on exercise in groups and is specific in one or two fitness areas.

Meeting similar minded people with same goal,performing similar activities, and same routine enhances socialization, and creates an energetic atmosphere.

Companies CoveredF45,SoulCycle,Peloton, Cyclebar,Flywheel Sports, Studio SWEAT, CycleCast,Fitness Within, CONBODY, Fitwall, Life Time Fitness, Exhale Spa, and Orangetheory FitnessRequest For Sample:- https://www.alliedmarketresearch.com/request-sample/6727COVID-19 Scenario Analysis: With the closure of all the social space, the gyms and fitness equipment manufacturers have seen a decline in the revenue.

Along with the experienced trainers people find a positive atmosphere in the boutique fitness center.These factors drive the growth of the global boutique fitness market.

However because of small size these boutique gyms are expanding but once the market gets saturated boutique gyms will face cut-throat competitions and the subscription prices will fall.

Exhale Spa has its 11 out of 27boutique fitness gyms inside hospitality chains, which make it easier for them to attract both segment customer.

Boutique fitness is preferred by the millennials due to availability of experienced trainer, small batch size, and the environment of similar minded people.

Meeting similar minded people with same goal,performing similar activities, and same routine enhances socialization, and creates an energetic atmosphere.

Ask for sample copy of this report@:https://www.alliedmarketresearch.com/request-sample/6727Market scope and structure analysis:Report MetricDetailsMarket Size Available for Years2020–2027Base Year Considered2019Forecast Period2021–2027Forecast UnitsValue ($US)Segments CoveredType, Industry Vertical, and RegionRegions CoveredNorth America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)Companies CoveredF45,SoulCycle,Peloton, Cyclebar,Flywheel Sports, Studio SWEAT, CycleCast,Fitness Within, CONBODY, Fitwall, Life Time Fitness, Exhale Spa, and Orangetheory Fitness COVID-19 Scenario Analysis: With the closure of all the social space, the gyms and fitness equipment manufacturers have seen a decline in the revenue.

Along with the experienced trainers people find a positive atmosphere in the boutique fitness center.These factors drive the growth of the global boutique fitness market.

Contrarily, awareness among millennials about health, body shape,and the rise in standard of living offersgrowth potential for the market.Get detailed COVID-19 impact analysis@ Request For Customization:-https://www.alliedmarketresearch.com/request-for-customization/6727?reqfor=covidThe global boutique fitness market trends are as follows:New product launches to flourish the marketWith digitalization new services have been launched by the key market players.

Moreover, these boutique fitness centers offer discountswhen the services are subscribed for the first time and for the ones who opt for long duration.Surge in hotelsindustry and corporate officesThe boutique fitness center owners are trying to enter new market as there will be varying demand once the number of boutiques operating increases.