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Global Home Exercise Bike Market: By Type: Recumbent Bike, Upright Bike, Dual Action Bike, Interactive Bike; By Sales Channel: Online, Physical Store; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Home Exercise Bike Market Outlook
The global home exercise bike market reached a value of about USD 1,457 million in 2021. The industry is further expected to grow at a CAGR of about 7.7% in the forecast period of 2023-2028 to reach a value of around USD 2,254 million by 2027.
North America to be a Significant Regional Market for Home Exercise Bike
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.
Home Exercise Bike: Market Segmentation
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.
By type, the market is divided into:
- Recumbent Bike
- Upright Bike
- Dual Action Bike
- Interactive Bike
Based on sales channel, the home exercise bike market is segmented into:
- Online
- Physical Store
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.
Increase in Health Awareness Boosting the Market Growth
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.
Key Industry Players in the Global Home Exercise Bike Market
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:
- Body Solid, Inc.
- Ciclotte
- Paradigm Health & Wellness, Inc.
- TECHNOGYM S.p.A
- 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Sales Channel, Region |
| Breakup by Type | Recumbent Bike, Upright Bike, Dual Action Bike, Interactive Bike |
| Breakup by Sales Channel | Online, Physical Store |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Body Solid, Inc., Ciclotte, Paradigm Health & Wellness, Inc., TECHNOGYM S.p.A, Others |
| 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 Home Exercise Bike Market Analysis
8.1 Key Industry Highlights
8.2 Global Home Exercise Bike Historical Market (2018-2022)
8.3 Global Home Exercise Bike Market Forecast (2023-2028)
8.4 Global Home Exercise Bike Market by Type
8.4.1 Recumbent Bike
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Upright Bike
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Dual Action Bike
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Interactive Bike
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Home Exercise Bike Market by Sales Channel
8.5.1 Online
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Physical Store
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Home Exercise Bike Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Home Exercise Bike Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Home Exercise Bike Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Home Exercise Bike Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
15 Latin America Home Exercise Bike Market Analysis
15.1 Brazil
15.1.1 Market Share
15.1.2 Historical Trend (2018-2022)
15.1.3 Forecast Trend (2023-2028)
15.2 Argentina
15.2.1 Market Share
15.2.2 Historical Trend (2018-2022)
15.2.3 Forecast Trend (2023-2028)
15.3 Mexico
15.3.1 Market Share
15.3.2 Historical Trend (2018-2022)
15.3.3 Forecast Trend (2023-2028)
15.4 Others
13 Middle East and Africa Home Exercise Bike Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Body Solid, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Ciclotte
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Paradigm Health & Wellness, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 TECHNOGYM S.p.A
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Home Exercise Bike Market: Key Industry Highlights, 2018 and 2028
2. Global Home Exercise Bike Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Home Exercise Bike Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Home Exercise Bike Historical Market: Breakup by Sales Channel (USD Million), 2018-2022
5. Global Home Exercise Bike Market Forecast: Breakup by Sales Channel (USD Million), 2023-2028
6. Global Home Exercise Bike Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Home Exercise Bike Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Home Exercise Bike Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Home Exercise Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Home Exercise Bike Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Home Exercise Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Home Exercise Bike Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Home Exercise Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Home Exercise Bike Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Home Exercise Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Home Exercise Bike Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Home Exercise Bike Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Home Exercise Bike Market Structure
Key Questions Answered in the Report
In 2021, the global home exercise bike market attained a value of nearly USD 1,457 million.
The market is projected to grow at a CAGR of 7.7% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 2,254 million by 2027.
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.
Analyst Review
The global home exercise bike market attained a value of USD 1,457 million in 2021, driven by the increase in health awareness and rise in need for active, healthy lifestyle. Aided by growing population, sedentary lifestyle, and changes in eating habits, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.7%. The market is projected to reach USD 2,254 million by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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 regional markets for home exercise bike are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Body Solid, Inc., Ciclotte, Paradigm Health & Wellness, Inc., and TECHNOGYM S.p.A, 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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