Exercise Bike Market: Global Industry Analysis and Forecast (2021-2027) by Product, End User, Distribution Channel, and Region

Exercise Bike Market size was valued at US$ 621 Mn. in 2020. Recumbent, one of the segments reviewed in our report dominated the Exercise Bike Market.

Exercise Bike Market Overview:

The exercise bike is also defined as a stationary cycle. These bikes are immovable fitness machines, similar to regular bikes, and helps human’s to improve physical health by losing weight. Exercise bikes are used as exercise devices for indoor cycling. Includes saddles, pedals, and handlebars of the type arranged like a bicycle. Exercise bikes are usually a special type of exercise equipment that resembles a bicycle without wheels. These bicycles have a variety of uses, including household consumers, gyms/health clubs, and more. Global Exercise Bike Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand, and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lockdown on the market in 2020 and 2021.

Exercise Bike Market Dynamics:

Due to busy working hours, inactive lifestyles, and changing nutritional preferences, consumers are increasingly turning to fast foods with low nutrient content and high proportions of unhealthy fats and ready-to-eat meals. This has increased the number of obesity and other chronic illnesses. These factors are driving the demand for an exercise bikes in the market. They provide isotonic training for the body, helping to improve endurance, stimulate heart rate, and burn all body fat and with the growing health awareness of the world's population. These factors are driving the growth of the exercise bike market. Manufacturers of these bikes are bringing some innovations to the market for exercise bikes to expand their consumer base. Exercise bikes now allow users to watch live stream videos on-screen while cycling. In addition, manufacturers are introducing virtual reality exercise bike that helps create a completely different atmosphere for users such as cycling in the Amazon jungle, or desert, etc. These factors are rapidly boosting the demand for exercise bikes. Other factors driving the growth of the market are increased purchasing power, improved lifestyles, and increasing youth population, and an increased prevalence of diabetes and heart disease. The growing health awareness of the world's population is further fueling the demand for exercise bikes. They facilitate isometric exercises in the body, improve endurance and help burn all body fat. Today millennials due to hectic work or study schedules are getting obese and don't have time to go to the gym. They prefer exercise bikes for working out at home. This factor is expected to drive the demand for the product through the forecast period. Increased disposable income and improved living standards for consumers with fitness going as trend etc. are expected to further drive the growth of the market through the forecast period. The rising trend of the connected gym and increasing number of sports enthusiasts, fitness boutiques, gyms, and health clubs investing in expansion and renovation is driving the growth of the exercise bike market. The increased cost of fitness equipment is a decisive factor that obstructs market growth and continues to challenge the growth of the exercise bike market and is expected to restrain through the forecast period. Market trends and challenges are analyzed and compiled in the report. The data of 2020 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2016 to 2019 with market forecast until 2027.

Exercise Bike Market Segment Analysis:

By Product, the Recumbent segment dominated the market with a 52 % share in 2020. Consumers suffering from back pain and balance problems opt for recumbent bikes. These bikes are more comfortable and less straining on your back and knees. These factors are driving the growth of the segment in the market. The upright segment is expected to grow at a CAGR of 3 % through the forecast period. This bike helps in strengthening of legs and lower body helps in fat loss, allows interval training, etc. These factors are expected to drive the demand of the segment through the forecast period. Increasing demand and disposable income, growing elderly population, and growing trend of a healthy lifestyle, etc., these factors are expected to drive the market growth of the segment through the forecast period. Exercise Bike Market 1 By End User, the Home segment dominated the market with a 43 % share in 2020. Increasing population, rising healthy lifestyle, increasing in a number of obesity and other diseases, increasing population of elderly. These factors are driving the demand of the segment in the market. Due to busy schedules, major consumers don't have time for gym and due to leg issues or other diseases elderly can't go to the gym. They prefer to do workouts at home as it is more convenient and time-saving. These factors are driving the growth of the segment in the market. Gym or clubs is expected to grow at a CAGR of 9 % through the forecast period. Increasing awareness about fitness and healthy lifestyle, an increasing number of gyms and boutiques, etc. are the factors expected to drive the growth of the market through the forecast period. Exercise Bike Market 2 By Distribution Channel, the Offline segment dominated the market with a 56 % share in 2020. Consumers being able to try before purchase, consumers get immediate gratification when they purchase through offline stores, etc. these factors are driving the growth of the segment in the market. The online segment is expected to grow at a CAGR of 6 % through the forecast period. Growing penetration of smartphones and the internet, ease of payment, home delivery, easy return or exchange policies, and growing dependence on online shopping are the factors expected to drive the growth of the segment through the forecast period. Exercise Bike Market 3

Exercise Bike Market Regional Insights:

North America region dominated the market with a 42 % share in 2020. Growing healthy among consumers in the region and increasing disposable income are driving the market growth in the region. This is the region that has a major increasing case of obesity and other diseases which is increasing healthy lifestyle for people and consumers are ready to spend more on their fitness and also favor to own private equipment within the comfort of their homes. These factors are driving the demand for exercise bikes in this region. Asia Pacific is expected to grow at a CAGR of 5 % through the forecast period. Increasing disposable income, rising healthy lifestyle, increasing fitness boutiques and gym chains that offer virtual training. These factors are expected to drive the growth of the market through the forecast period. The objective of the report is to present a comprehensive analysis of the Exercise Bike market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Exercise Bike market dynamics, structure by analyzing the market segments and projecting the Exercise Bike market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Exercise Bike market make the report investor’s guide.

Exercise Bike Market Scope: Inquire before buying

Global Exercise Bike Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 621Mn.
Forecast Period 2021 to 2027 CAGR: 10% Market Size in 2027: US $ 1210Mn.
Segments Covered: by Product • Recumbent • Upright • Others
by End User • Home • Gyms and clubs • Others
by Distribution Channel • Offline • Online

Exercise Bike Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Exercise Bike Market Key Players

• Brunswick Corporation • Icon Health & Fitness, Inc. • Pelotons • Nautilus • Precor • Techno gym • NordicTrack • Proform • Schwinn • Soletreadsdotin • Star Trac • Life Fitness • Horizon Fitness • Stamina Products, Inc. • Marcypro • True Fitness • Johnson Health Tech • Core Health & Fitness, LLC • Rogue Fitness • Cosco Sports Equipment • JERAI Fitness Pvt. Ltd • ShuHua Sports Co., Ltd.

FAQ:

1] What segments are covered in the Exercise Bike Market report? Ans. The segments covered in the Exercise Bike Market report are based on Product, End-User, and Distribution Channel. 2] Which region is expected to hold the highest share in the Exercise Bike Market? Ans. Asia Pacific Region is expected to hold the highest share in the Exercise Bike Market. 3] What is the market size of the Exercise Bike Market by 2027? Ans. The market size of the Exercise Bike Market by 2027 is US $ 1,210 Mn. 4] Who are the top key players in the Exercise Bike Market? Ans. Brunswick Corporation, Icon Health & Fitness Inc., Pelotons, Nautilus, Precor, Techno gym, NordicTrack, Proform, Schwinn, Soletreadsdotin, Star Trac, Life Fitness, Horizon Fitness, Stamina Products, Inc., Marcypro, True Fitness, Johnson Health Tech, Core Health & Fitness, Rogue Fitness, Cosco Sports Equipment, JERAI Fitness Pvt. Ltd, ShuHua Sports. 5] What was the market size of the Exercise Bike Market in 2020? Ans. The market size of the Exercise Bike Market in 2020 was US $ 621 Mn.
1. Global Exercise Bike Market: Research Methodology 2. Global Exercise Bike Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Exercise Bike Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Exercise Bike Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Exercise Bike Market Segmentation 4.1. Global Exercise Bike Market, by Product (2020-2027) • Recumbent • Upright • Others 4.2. Global Exercise Bike Market, by End User (2020-2027) • Home • Gyms and clubs • Others 4.3. Global Exercise Bike Market, by Distribution Channel (2020-2027) • Offline • Online 5. North America Exercise Bike Market(2020-2027) 5.1. Global Exercise Bike Market, by Product (2020-2027) • Recumbent • Upright • Others 5.2. Global Exercise Bike Market, by End User (2020-2027) • Home • Gyms and clubs • Others 5.3. Global Exercise Bike Market, by Distribution Channel (2020-2027) • Offline • Online 5.4. North America Exercise Bike Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Exercise Bike Market (2020-2027) 6.1. European Exercise Bike Market, by Product (2020-2027) 6.2. European Exercise Bike Market, by End User (2020-2027) 6.3. European Exercise Bike Market, by Distribution Channel (2020-2027) 6.4. European Exercise Bike Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Exercise Bike Market (2020-2027) 7.1. Asia Pacific Exercise Bike Market, by Product (2020-2027) 7.2. Asia Pacific Exercise Bike Market, by End User (2020-2027) 7.3. Asia Pacific Exercise Bike Market, by Distribution Channel (2020-2027) 7.4. Asia Pacific Exercise Bike Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Exercise Bike Market (2020-2027) 8.1. Middle East and Africa Exercise Bike Market, by Product (2020-2027) 8.2. Middle East and Africa Exercise Bike Market, by End User (2020-2027) 8.3. Middle East and Africa Exercise Bike Market, by Distribution Channel (2020-2027) 8.4. Middle East and Africa Exercise Bike Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Exercise Bike Market (2020-2027) 9.1. Latin America Exercise Bike Market, by Product (2020-2027) 9.2. Latin America Exercise Bike Market, by End User (2020-2027) 9.3. Latin America Exercise Bike Market, by Distribution Channel (2020-2027) 9.4. Latin America Exercise Bike Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Brunswick Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Icon Health & Fitness, Inc. 10.3. Pelotons 10.4. Nautilus 10.5. Precor 10.6. Techno gym 10.7. NordicTrack 10.8. Proform 10.9. Schwinn 10.10. Soletreadsdotin 10.11. Star Trac 10.12. Life Fitness 10.13. Horizon Fitness 10.14. Stamina Products, Inc. 10.15. Marcypro 10.16. True Fitness 10.17. Johnson Health Tech 10.18. Core Health & Fitness, LLC 10.19. Rogue Fitness 10.20. Cosco Sports Equipment 10.21. JERAI Fitness Pvt. Ltd 10.22. ShuHua Sports Co., Ltd.

About This Report

Report ID29099
Category Consumer Goods & Services
Published DateApril 2019
Updated DateJan 2022
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