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Global Home Exercise Bike Market to Reach USD 2,254 Million by 2027, Aided by the Increasing Health Awareness

According to a new report by EMR titled, ‘Global Home Exercise Bike Market Report and Forecast 2022-2027’, the home exercise bike industry reached a value of about USD 1,457 million in 2021. The industry is likely to grow at a CAGR of about 7.7% in the forecast period of 2022-2027 to reach a value of around USD 2,254 million by 2027.

The global home exercise market has been growing due to rising health awareness among consumers, and the growing adoption of exercises related to physical well-being, weight management, and an increase in the obese population. Consumers can engage in regular workouts to stay fit with the rising preventive healthcare measures and rising healthcare costs. To gain a competitive advantage in the market, manufacturers operating in the global market are expanding their presence. Most of the geriatrics population in both developed and developing countries use specialised workout equipment to improve their cardiovascular health which is further propelling the growth of the market. The COVID-19 pandemic has had a major impact on the global home fitness market. Due to the continuation of quarantines and social distancing norms, gyms remained closed, boosting the culture of home workouts and, as a result, increasing demand for home exercise bikes. Precautionary healthcare, coupled with increasing preference for customised workout regimes and a comfortable home-friendly environment, is increasing the demand for home exercise bike.

With the development of several marketing strategies that heavily rely on product innovations, expansions, and partnerships with different companies to expand product portfolios, the market is expected to grow significantly over the forecast period. Nautilus Inc. (NYSE: NLS) launched the first-ever Bowflex indoor cycling bike in October 2019, offering connected fitness experiences for less than half the price of a Peloton® bike. Product launches along with attractive offers is likely to continue aiding the market growth in the coming years.

Market Analysis by Type, Sales Channel, and Regions:

  • Based on type, the market is categorised into recumbent bike, upright bike, dual action bike, and interactive bike. 
  • The leading sales channel of the global home exercise bike industry include online and physical store.
  • The regional markets for home exercise bike include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The surging disposable incomes and improved living standards of the consumers are contributing to the growth of the market.
  • The growing population is further accelerating the growth of home exercise bikes.
  • The presence and availability of foreign brands due to strong competition from local and domestic companies is propelling the growth of home exercise bike industry.
  • The rising prevalence of diabetes and cardiac diseases due to changing eating habits and lifestyle is boosting the growth of the industry.

Key Offerings of the report:

  • The EMR report gives an overview of the global home exercise bike market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the type, sales channel, and major regions of home exercise bike.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the home exercise bike market include Body Solid, Inc., Ciclotte, Paradigm Health & Wellness, Inc., and TECHNOGYM S.p.A, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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