The latest research study, “Exercise Bike Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The global exercise bike market size reached US$630.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$863.5 Million by 2027, exhibiting at a CAGR of 5.4% during 2022-2027.
An exercise bicycle is an immobile fitness machine that resembles a bicycle. It consists of a handlebar, seat, pedals, foot straps, and a device to adjust the tension or resistance in the pedaling mechanism. It enhances the fitness of the body as repeated cycling motion on a stationary apparatus burns fat. It is also used to improve and maintain cardiovascular health, enhance immunity, and measure heart rate, speed and mileage. The machine does not require any form of training before use, making it easier to operate effectively. In recent years, exercise bicycles have gained preference among individuals as an efficient way of increasing stamina and improving the strength of the lower body.
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The market is primarily driven by the increasing awareness regarding health and the rising need for an active and healthy lifestyle across the globe. In addition, with the growing prevalence of lifestyle-related diseases and other health risks, such as obesity, diabetes, hypertension, and stress, consumers are engaging themselves in regular isotonic physical activities to maintain a healthy lifestyle. This has also escalated the demand for exercise bikes across the globe. Furthermore, key players are focusing on integrating advanced technologies in exercise bikes, such as the introduction of smart bikes that permit the users to watch live streams of a real indoor biking class on its screen. Besides this, rising disposable incomes of people and growing concerns about body image and physical appearance are also providing opportunities for the exercise bike market.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Exercise Bike Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Brunswick Corporation (BC), ICON Healthcare Fund Class S (ICHCX), Nautilus, Precor, Technogym
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The report has segmented the market on the basis of Product Type, End-User and Region.
Market Breakup by Product Type
1. Recumbent Exercise Bike
2. Upright Exercise Bike
Market Breakup by End-User
1. Home Consumers
2. Gyms/Health Clubs
Market Breakup by Region
1. North America
3. Asia Pacific
4. Latin America
5. Middle East and Africa
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