Exercise bikes, also known as exercycles, are stationary fitness equipment which resemble an ordinary bicycle. They are extensively used for physical therapy to increase overall stamina and the strength of the lower body. The recurring cycling motion helps in exercising the muscles and burning fat. These bikes can be used by all level of exercisers whether beginners, intermediate or advanced. Exercise bikes also provide flexible options to increase or decrease the resistance offered by them according to the consumers’ requirement. The latest report by IMARC Group, titled “Exercise Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global exercise bike market reached a value of US$ 476 Million in 2017.
Exercise bikes are not only popular as a piece of fitness equipment for cardiovascular exercises but are also used to combat lifestyle diseases such as diabetes, hypertension and stress. Owing to this, the increasing health awareness among the consumers is facilitating the growth of the market. The rising obesity rates are further anticipated to impel the demand for exercise bikes in the developed regions. Additionally, product innovations by manufacturers provide a positive thrust to the market growth. For instance, a bike allows the user to watch live stream videos on its screen while cycling in the studio. It also allows the user to cycle through different landscapes around the world through virtual reality. Moreover, due to surging income levels, consumers are ready to spend more on their fitness by using the equipment privately at their own residence. This practice is boosting the demand for exercise bikes around the globe. Owing to these factors, the market is expected to reach a value of US$ 585 Million by 2023, exhibiting a CAGR of 3.5% during 2018-2023.
The report has segmented the market on the basis of product type. Recumbent exercise bikes represent the most popular product type followed by upright exercise bikes and others such as indoor bikes, dual action stationary bikes, etc. The market is further analysed on the basis of applications covering home consumers, gyms/health clubs and others. Among these, the home consumers segment accounts for the largest share. Region-wise, North America represents the leading market, followed by Europe and Asia-Pacific. Other regions include Latin America, and Middle East and Africa. Some of the key players operating in the market include Brunswick Corporation, Icon Health & Fitness, Inc., Nautilus, Precor and 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 market in any manner.
Key questions answered in this report:
- How has the global exercise bike market performed so far and how will it perform in the coming years?
- What are the key regions in the global exercise bike market?
- Which are the popular product types in the global exercise bike market?
- What are the major applications in the global exercise bike market?
- What are the various stages in the value chain of the global exercise bike market?
- What are the key driving factors and challenges in the global exercise bike market?
- What is the structure of the global exercise bike market and who are the key players?
- What is the degree of competition in the global exercise bike market?
- How are exercise bike manufactured?