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Global Exercise Bike Market: By Product Type: Recumbent Exercise Bike, Upright Exercise Bike; By End Use:Home Consumers, Gyms/Health Clubs, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Exercise Bike Market Outlook

The global exercise bike market stood at USD 508.9 million in 2019. The market is likely to reach USD 623.8 million by 2025, witnessing a CAGR of 3.4% during the forecast period of 2020-2025.

On the basis of product types, the recumbent exercise bikes accounted for the largest market share in 2019. These exercise bikes are most popular among the younger generation as these are relatively less stressful for the knees and back of the consumers. Based on the application, the home consumers represented the major segment on account of the busy lifestyle and rising need for convenience among consumers.

Regionally, North America was the largest regional market in 2019. Factors primarily driving the exercise bike market growth in the region include the increasing health awareness and the rising prevalence of obesity-related diseases across the region.

 

Properties and Applications

An exercise bike or stationary cycle is an immobile fitness machine that resembles an ordinary bike. These bikes generally comprise pedals, saddle, handlebars, and foot straps. Also, it offers myriad benefits such as it helps in managing the body weight, along with improving the immunity system, and measure heart rate, and calories burned. Also, an exercise bike offers a low-impact workout that is apt for those who are suffering from lower back or joint issues. Moreover, it helps in improving the overall fitness of the body by reducing weight and combat lifestyle diseases such as diabetes, stress, and hypertension.

The major product types in the global exercise bike market are:

  • Recumbent Exercise Bike
  • Upright Exercise Bike

The exercise bike market can be broadly segregated on the basis of its end-use segments into:

  • Home Consumer
  • Gyms/ Health Clubs
  • Others

The EMR report looks into the regional markets in the global exercise bike market like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

On account of sedentary lifestyles, hectic work schedules, and altering food preferences, consumers are relying more on ready-to-eat food products and fast-food items, which are low in nutritional content and high in unhealthy fats. This has led to the rise in chronic diseases and increased cases of obesity. The growing health consciousness among the global population has further propelled the demand for exercise bikes. They facilitate isotonic exercise to the body and help in improving the stamina and burning down the overall body fat.

Additionally, manufacturers are coming up with several innovations in exercise bikes to expand their consumer base. Moreover, an exercise bike allows the user to view a live stream video on the screen while cycling. Along with this, the product innovation by major manufacturers is further stimulating the demand for exercise bikes during the forecast period. Some of the other factors, which have also propelled the growth of the industry include surging disposable incomes and improved living standards of the consumers. However, there has been a considerable rise in the costs of fitness equipment, which acts as a major hindrance for the growth of the global exercise bike market.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global exercise bike market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Icon Health & Fitness, Inc.
  • Precor Incorporated
  • TECHNOGYM S.p.A
  • Nautilus Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Exercise Bike Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Exercise Bike Historical Market (2015-2019) 
    8.3    Global Exercise Bike Market Forecast (2020-2025)
    8.4    Global Exercise Bike Market by Product Type
        8.4.1    Recumbent Exercise Bike
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Upright Exercise Bike
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Exercise Bike Market by End Use
        8.5.1    Home Consumers
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Gyms/Health Clubs
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Others
    8.6    Global Exercise Bike Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Manufacturing Process

    12.1    Detailed Process Flow
    12.2    Operations Involved
    12.3    Mass Balance
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players’ Market Share
    13.3    Company Profiles
        13.3.1    Icon Health & Fitness, Inc.
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Financial Summary
            13.3.1.5    Certifications
        13.3.2    Precor Incorporated
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Financial Summary
            13.3.2.5    Certifications
        13.3.3    TECHNOGYM S.p.A
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Financial Summary
            13.3.3.5    Certifications 
        13.3.4    Nautilus Inc.
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Financial Summary
            13.3.4.5    Certifications 
        13.3.5    Others 
14    Industry Events and Developments

 

List of Figures and Tables

1.    Global Exercise Bike Market: Key Industry Highlights, 2015 and 2025
2.    Global Exercise Bike Historical Market: Breakup by Product Type (USD Billion), 2015-2019
3.    Global Exercise Bike Market Forecast: Breakup by Product Type (USD Billion), 2020-2025
4.    Global Exercise Bike Historical Market: Breakup by End Use (USD Billion), 2015-2019
5.    Global Exercise Bike Market Forecast: Breakup by End Use (USD Billion), 2020-2025
6.    Global Exercise Bike Historical Market: Breakup by Region (USD Billion), 2015-2019
7.    Global Exercise Bike Market Forecast: Breakup by Region (USD Billion), 2020-2025
8.    North America Exercise Bike Historical Market: Breakup by Country (USD Billion), 2015-2019
9.    North America Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2020-2025
10.    Europe Exercise Bike Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    Europe Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Asia Pacific Exercise Bike Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Asia Pacific Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Latin America Exercise Bike Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Latin America Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Middle East and Africa Exercise Bike Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Middle East and Africa Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Global Exercise Bike Market Structure

Key Questions Answered in the Report

The global exercise bike market reached a value of USD 508.9 million in 2019.

The market is projected to grow at a CAGR of nearly 3.4% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 623.8 million by 2025.

The major drivers of the industry include rising disposable incomes, increasing population, rising number of people afflicted with lifestyle -related diseases, and the improved living standards of the consumer.

The growing health consciousness among the global population is expected to be a key trend guiding the growth of the industry.
 

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.

The recumbent exercise bike is the dominant type of the product in the market.

The home consumer sector accounts for the largest market share, among other end-use segments in the industry.

The leading players in the market are Icon Health & Fitness, Inc., Precor Incorporated, TECHNOGYM S.p.A, and Nautilus Inc., among others.

Analyst Review

The global exercise bike market attained a value of USD 508.9 million in 2019, driven by the product innovation by major manufacturers. Aided by the rising health consciousness, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 3.4%. The industry is projected to reach USD 623.8 million by 2025. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global exercise bike market can be segmented into recumbent and upright exercise bikes, with recumbent exercise bike accounting for the largest market share. On the basis of end-use, the home consumer segment accounts for the largest share in the global industry. The major regional markets for exercise bike are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Icon Health & Fitness, Inc., Precor Incorporated, TECHNOGYM S.p.A, and Nautilus Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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