Exercise Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global exercise bike market size reached US$630.4 Million in 2021. Looking forward, the publisher expects the market to reach US$863.5 Million by 2027, exhibiting a CAGR of 5.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor

Exercise bike, also known as stationary cycle, is an immobile fitness machine which resembles an ordinary bike. It has various sub-parts which include a saddle, pedals, handlebars and foot straps. In comparison with other exercising equipment, an exercise bike offers a lower-impact workout which is apt for those who are suffering from lower back or joint issues. Moreover, it assists in improving the overall fitness of the body by reducing weight, and combating lifestyle diseases such as stress, diabetes and hypertension

Global Exercise Bike Market Drivers:

On account of hectic work schedules, sedentary lifestyles and altering food preferences, consumers are relying more on fast-food items and ready-to-eat food products which are low in nutritional content and high in unhealthy fats. This has led to a rise in the cases of obesity as well as other chronic diseases. Increasing health consciousness among the global population has boosted the demand for exercise bikes as they provide isotonic exercise to the body and help in improving stamina, stimulating heart rate, and burning down the overall body fat

Manufacturers are coming up with several innovations in exercise bikes so as to widen their consumer-base. Nowadays, an exercise bike allows the user to view a live stream video in the screen while cycling. Along with this, the manufacturers have recently introduced virtual reality exercise bikes which help in creating a completely different ambience for the users

Other factors which are supporting the growth of the market include rising purchasing power, improving lifestyles, growing youth population as well as rising prevalence of diabetes and cardiac diseases

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global exercise bike market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and end-user

Breakup by Product Type:

• Recumbent Exercise Bike
• Upright Exercise Bike

On the basis of product type, the market has been segmented into recumbent and upright exercise bikes. Presently, recumbent exercise bike accounts for majority of the market share

Breakup by End-User:

• Home Consumers
• Gyms/Health Clubs
• Others
• Based on end-user, the report finds that home consumers currently represent the largest sector of exercise bike. The home consumers segment is followed by gym/health clubs and others

Regional Insights:

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

On a geographical front, North America enjoys the leading position in the global exercise bike market on account of mounting cases of obesity and other diseases in the region. North America is followed by Europe, Asia Pacific, Latin America, and the Middle East and Africa

Competitive Landscape:

The market is fragmented in nature with the presence of several small as well as large manufacturers. Some of the key players operative in the market include:

• Brunswick Corporation
• Icon Health & Fitness, Inc
• Nautilus
• Precor
• Technogym

This report provides a deep insight into the global exercise bike market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the exercise bike industry in any manner

Key Question Answered in this Report

1. What is the size of the global exercise bike market?
2. What has been the impact of COVID-19 on the global exercise bike market?
3. What is the expected growth rate of the global exercise bike market?
4. What are the key factors driving the global exercise bike market?
5. What is the breakup of the global exercise bike market based on the product type?
6. What is the breakup of the global exercise bike market based on the end user?
7. What are the key regions in the global exercise bike market?
8. Who are the key players/companies in the global exercise bike market?