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Global Exercise Bike Market Size, Share, Trends, Forecast: By Product Type: Recumbent Exercise Bike, Upright Exercise Bike; By End Use: Home Consumers, Gyms/Health Clubs, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Exercise Bike Market Outlook
The global exercise bike market stood at USD 563.13 million in 2023. The market is likely to reach USD 765.33 million by 2032, witnessing a CAGR of 3.50% during the forecast period of 2024-2032.
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On the basis of product types, the recumbent exercise bikes accounted for the largest market share in 2020. 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 2020. 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.
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Market Segmentation
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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Opportunities and Challenges in the Market
8 Global Exercise Bike Market Analysis
8.1 Key Industry Highlights
8.2 Global Exercise Bike Historical Market (2018-2023)
8.3 Global Exercise Bike Market Forecast (2024-2032)
8.4 Global Exercise Bike Market by Product Type
8.4.1 Recumbent Exercise Bike
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Upright Exercise Bike
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Exercise Bike Market by End Use
8.5.1 Home Consumers
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Gyms/Health Clubs
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Exercise Bike Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Exercise Bike Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Exercise Bike Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Exercise Bike Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Exercise Bike Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Exercise Bike Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Manufacturing Process
16.1 Overview
16.2 Detailed Process Flow
16.3 Operation Involved
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Icon Health & Fitness, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Precor Incorporated
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 TECHNOGYM S.p.A
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Nautilus Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Exercise Bike Market: Key Industry Highlights, 2018 and 2032
2. Global Exercise Bike Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Exercise Bike Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Exercise Bike Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Exercise Bike Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Exercise Bike Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Exercise Bike Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Exercise Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Exercise Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Exercise Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Exercise Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Exercise Bike Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Exercise Bike Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Exercise Bike Market Structure
Key Questions Answered in the Report
The global exercise bike market reached a value of USD 563.13 million in 2023.
The market is projected to grow at a CAGR of nearly 3.50% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 765.33 million by 2032.
The major drivers of the market 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 market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The significant product types of exercise bike include recumbent exercise bike and upright exercise bike.
Home consumers and gyms/health clubs, among others, are the major end uses of exercise bike.
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 563.13 million in 2023, 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 2024-2032, growing at a CAGR of 3.50%. The industry is projected to reach USD 765.33 million by 2032.
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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