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The global home exercise bike market reached a value of about USD 1,690.02 million in 2023. The industry is further expected to grow at a CAGR of about 7.7% in the forecast period of 2024-2032 to reach a value of around USD 3,266.12 million by 2032.
North America is expected to be one of the significant regions for the global exercise bike market due to increasing health awareness and the rising prevalence of obesity-related diseases across the region. The United States is expected to expand at a notable growth rate with the highest share throughout the forecast period. The growth in this region can be attributed to growing awareness about health and fitness, growing adoption of exercises related to physical well-being, weight management, improving body stamina and muscular strength.
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The rising preventive healthcare measures and the augmenting healthcare costs enable consumers to engage in regular workouts to remain fit. Additionally, with the growing demand, manufacturers operating in the global market are expanding their presence to achieve a competitive advantage. Also driving the market's growth is the presence and availability of foreign brands due to strong or limited competition from local and domestic companies. The majority of geriatrics population in both developed and developing countries use specialised workout equipment to improve their cardiovascular health, which is further aiding the growth of the industry.
The COVID-19 outbreak impacted the production of home exercise bikes, thereby affecting the market's growth. Retail stores and gyms were also closed because of the lockdown, which hindered the sales of home exercise bikes. During the shutdown, however, the adoption of a healthy lifestyle increased, followed by a rise in awareness about the health risks of utilising equipment at home, which has boosted the popularity of home exercise bikes. This has increased demand for the product, and the market is projected to gain momentum post the pandemic.
An exercise bike, also known as a stationary cycle, is a stationary workout machine that looks like a regular bike. It is made up of several components, including a saddle, pedals, handlebars, and foot straps. When compared to other types of exercise equipment, an exercise bike provides a lower-impact workout that is ideal for people with lower back or joint problems. It aids in increasing overall body fitness by assisting in weight loss and the prevention of lifestyle disorders such as stress, diabetes, and hypertension.
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By type, the market is divided into:
Based on sales channel, the home exercise bike market is segmented into:
The regional markets for home exercise bike industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The increasing health awareness and demand for active, healthy lifestyles around the world has fuelled the growth of the home exercise bike industry. One of the market's main drivers is the increasing population. Increased health risks have resulted from sedentary lifestyles and dietary changes. As a result, the growth of the home exercise bike market has been aided by increased awareness of the importance of regular physical activities in maintaining a healthy lifestyle. The emergence of COVID-19 has had a favourable impact on the global market's growth. Due to the temporary shutdown of gyms and training centres around the world, sales of home exercise bikes have increased. Consumers are relying more on fast-food items and ready-to-eat food products that are low in nutritious content and high in harmful fats because of hectic work schedules and changing eating preferences. Obesity and other chronic disorders have increased because of this. Increased health awareness among the world's population has boosted demand for exercise bikes, which provide isotonic exercise to the body and aid in boosting stamina, stimulating heart rate, and burning body fat. Other factors that are boosting the market's growth include rising purchasing power, improved lifestyles, a growing youth population, and rising diabetes and cardiac disease prevalence.
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The report gives a detailed analysis of the following key players in the global home exercise bike market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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.
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 Type |
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Breakup by Sales Channel |
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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. |
Home Exercise Bike Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global home exercise bike market attained a value of nearly USD 1,690.02 million.
The market is projected to grow at a CAGR of 7.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3,266.12 million by 2032.
The major drivers of the market include the growing population, sedentary lifestyle, changes in eating habits, rising purchasing power, weight management, and improving body stamina.
Increase in health awareness and rise in need for active, healthy lifestyle, and rise in the cases of obesity are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
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 are online and physical store.
The major players in the industry are Body Solid, Inc., Ciclotte, Paradigm Health & Wellness, Inc., and TECHNOGYM S.p.A, among others.
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United States (Head Office)
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+1-415-325-5166
Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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