Global Exercise Bike Market, By Product (Recumbent Exercise Bikes, Upright Exercise Bikes, Others), Application (Home Consumers, Gyms/Health Clubs, Others), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Exercise Bike Market
The exercise bike market is expected to be growing at a growth rate of 13.80% in the forecast period of 2022 to 2029.
A stationary cycle is another term for the exercise bike. These bikes are stationary fitness equipment that work similarly to traditional bikes to help people lose weight and improve their physical health. Indoor cycling is done with the help of exercise bikes. Saddles, pedals, and handlebars arranged like a bicycle are included. Workout bikes are a sort of exercise equipment that looks like a bicycle but does not have wheels. Household customers, gyms/health clubs, and others are among the users of these bicycles.
The rising number of fitness clubs, health centers and gyms is likely to drive the demand of exercise bike market. Furthermore, the rising level of disposable income of people and continuously changing lifestyle are some of the factors driving the exercise bike market. Other significant factors such as the rising concern among consumers about health and rising demand from end-use industries will further accelerate the market growth rate. Furthermore, upsurge in the prevalence rate of obesity, diabetes, stress and hypertension will positively impact the market’s growth rate. Additionally, increase in the growth of e-commerce and rising number of youth population will further cushion the growth rate of market. Also, rising fitness boutiques and gym chains that offer virtual training will flourish the growth rate of exercise bike market.
Moreover, technological advancement and modernization and a rise in manufacturing investment level will create lucrative market growth opportunities in the forecast period of 2022-2029. Also, launch of new innovative products by manufacturers and emerging mew market will escalate the growth rate of exercise bike market in future.
However, high cost associated with fitness equipment will hamper the market growth rate. Additionally, the negative impact of COVID-19 on supply chain will hinder the market growth. Less awareness and the lack of skilled professionals will further challenge the market in the forecast period mentioned above.
This exercise bike market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on exercise bike market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Exercise Bike Market Scope and Market Size
The exercise bike market is segmented on the basis of product, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the exercise bike market is segmented into recumbent exercise bikes, upright exercise bikes and others.
- The exercise bike market is also segmented on the basis of application into home consumers, gyms and health clubs.
- On the basis of distribution channel, the exercise bike market is segmented into online and offline.
Exercise Bike Market Country Level Analysis
The exercise bike market is analysed and market size insights and trends are provided by country, product, application and distribution channel as referenced above.
The countries covered in the exercise bike market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is predicted to continue a dominant position among other regions worldwide. This is attributable to the increasing number of cases of obesity and various other diseases in this region. Additionally, shifting focus consumers towards a healthy lifestyle and increasing disposable income will further propel the market’s growth rate in this region. Asia-Pacific, on the other hand is anticipated to grow at a fastest rate during the forecast period of 2022-2029 due to rising fitness boutiques and gym chains that offer virtual training and rising awareness about health among consumers in this region.
The country section of the exercise bike market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Exercise Bike Market Share Analysis
The exercise bike market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to exercise bike market.
Some of the major players operating in the exercise bike market are TECHNOGYM S.p.A, Brunswick Corporation, Icon Health & Fitness, Peloton, Nautilus Inc., Precor Incorporated, Core Health & Fitness, LLC, Life Fitness., Horizon Fitness., Stamina Products, Inc., NordicTrack, Schwinn, iFIT Health & Fitness, Marcypro, Rogue Fitness, Cosco (India) Limited, SHUA, Fitness Factory, Body-Solid Inc., Ciclotte, JERAI FITNESS PVT. LTD, KETTLER, and Johnson Health Tech, among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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