The global exercise bikes market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). Exercise bikes are the commonly used exercise equipment that is used for indoor cycling purpose. They generally comprise pedals, a saddle, and some form of handlebars arranged as on a bicycle. The market growth is majorly attributable to the growing trend of adopting a healthy lifestyle coupled with the growing population base looking for effective weight losing at home remedies. Another key advantage these bikes offers that they support in improving the overall physical health of individuals.
Adding to this, unlike the usual bikes, these exercise bikes do not have wheels which make them usable like any other stationary device. This further cut down the spacing requirement while use, making them one of the most preferred bikes among global population. Other key factors that are driving the demand for these bikes include the growing prevalence of medical conditions such as obesity, stress, diabetes, and hypertension that primarily require physical workout remedies. Further, the added features of these bikes such as measuring body temperature, heart rate among others, are making them popular among youth population, thereby driving their overall market growth.
Some key players operating in the market include Technogym S.p.A, Brunswick Corp., and Icon Health & Fitness, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in September 2020, the Peloton launches supercharged new exercise bike for interactive home workouts. The original Peloton Bike will go on sale at the reduced price in the US, Canada, North America, and Germany.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By End-User
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Technogym S.p.A, Brunswick Corp., and Icon Health & Fitness, Inc., among others.
A full report Exercise Bikes Market of is available at: https://orionmarketreports.com/exercise-bikes-market/107431/
Global Exercise Bikes Market Report by Segment
By Type
- Upright Exercise Bike
- Recumbent Exercise Bike
By End-User
- Home
- Gyms or Clubs
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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