DUBLIN, Feb. 23, 2021 /PRNewswire/ — The “Exercise Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global exercise bike market reached a value of US$ 597.5 Million in 2020. Exercise bike, also known as stationary cycle, is an immobile fitness machine which resembles an ordinary bike. It has various sub-parts which include a saddle, pedals, handlebars and foot straps. In comparison with other exercising equipment, an exercise bike offers a lower-impact workout which is apt for those who are suffering from lower back or joint issues. Moreover, it assists in improving the overall fitness of the body by reducing weight, and combating lifestyle diseases such as stress, diabetes and hypertension. Looking forward, the publisher expects the global exercise bike market to reach a value of US$ 795.4 Million by 2026, exhibiting a CAGR of 4.76% during 2021-2026. Global Exercise Bike Market Drivers:
- On account of hectic work schedules, sedentary lifestyles and altering food preferences, consumers are relying more on fast-food items and ready-to-eat food products which are low in nutritional content and high in unhealthy fats. This has led to a rise in the cases of obesity as well as other chronic diseases. Increasing health consciousness among the global population has boosted the demand for exercise bikes as they provide isotonic exercise to the body and help in improving stamina, stimulating heart rate, and burning down the overall body fat.
- Manufacturers are coming up with several innovations in exercise bikes so as to widen their consumer-base. Nowadays, an exercise bike allows the user to view a live stream video in the screen while cycling. Along with this, the manufacturers have recently introduced virtual reality exercise bikes which help in creating a completely different ambience for the users.
- Other factors which are supporting the growth of the market include rising purchasing power, improving lifestyles, growing youth population as well as rising prevalence of diabetes and cardiac diseases.
Breakup by Product Type:On the basis of product type, the market has been segmented into recumbent and upright exercise bikes. Presently, recumbent exercise bike accounts for the majority of the market share. Breakup by End-User:Based on end-user, the report finds that home consumers currently represent the largest sector of exercise bike. The home consumers segment is followed by gym/health clubs and others. Regional Insights:On a geographical front, North America enjoys the leading position in the global exercise bike market on account of mounting cases of obesity and other diseases in the region. North America is followed by Europe, Asia Pacific, Latin America, and the Middle East and Africa. Competitive Landscape:The market is fragmented in nature with the presence of several small as well as large manufacturers. Some of the key players operative in the market include:
- Brunswick Corporation
- Icon Health & Fitness, Inc.
This report provides a deep insight into the global exercise bike market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the exercise bike industry in any manner. Key Questions Answered in This Report1. What was the global exercise bike market size in 2020?2. What will be the global exercise bike market outlook during the forecast period (2021-2026)?3. What are the global exercise bike market drivers?4. What are the major trends in the global exercise bike market?5. What is the impact of COVID-19 on the global exercise bike market?6. What is the global exercise bike market breakup by product type?7. What is the global exercise bike market breakup by end use?8. What are the major regions in the global exercise bike market? Key Topics Covered: 1 Preface 2 Scope and Methodology2.1 Objectives of the Study2.2 Stakeholders2.3 Data Sources2.3.1 Primary Sources2.3.2 Secondary Sources2.4 Market Estimation2.4.1 Bottom-Up Approach2.4.2 Top-Down Approach2.5 Forecasting Methodology 3 Executive Summary 4 Introduction4.1 Overview4.2 Key Industry Trends 5 Global Exercise Bike Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Breakup by Product Type5.5 Market Breakup by End-User5.6 Market Breakup by Region5.7 Market Forecast5.8 SWOT Analysis5.8.1 Overview5.8.2 Strengths5.8.3 Weaknesses5.8.4 Opportunities5.8.5 Threats5.9 Value Chain Analysis5.9.1 Overview5.9.2 Research and Development5.9.3 Raw Material Procurement5.9.4 Manufacturing5.9.5 Marketing5.9.6 Distribution5.9.7 End-Use5.10 Porters Five Forces Analysis5.10.1 Overview5.10.2 Bargaining Power of Buyers5.10.3 Bargaining Power of Suppliers5.10.4 Degree of Competition5.10.5 Threat of New Entrants5.10.6 Threat of Substitutes 6 Market Breakup by Product Type6.1 Recumbent Exercise Bike6.1.1 Market Trends6.1.2 Market Forecast6.2 Upright Exercise Bike6.2.1 Market Trends6.2.2 Market Forecast 7 Market Breakup by End-User7.1 Home Consumers7.1.1 Market Trends7.1.2 Market Forecast7.2 Gyms/Health Clubs7.2.1 Market Trends7.2.2 Market Forecast7.3 Others7.3.1 Market Trends7.3.2 Market Forecast 8 Market Breakup by Region8.1 North America8.1.1 Market Trends8.1.2 Market Forecast8.2 Europe8.2.1 Market Trends8.2.2 Market Forecast8.3 Asia Pacific8.3.1 Market Trends8.3.2 Market Forecast8.4 Latin America8.4.1 Market Trends8.4.2 Market Forecast8.5 Middle East and Africa8.5.1 Market Trends8.5.2 Market Forecast 9 Exercise Bike Manufacturing Process9.1 Product Overview9.2 Raw Material Requirements9.3 Manufacturing Process9.4 Key Success and Risk Factors 10 Competitive Landscape10.1 Market Structure10.2 Key Players10.3 Profiles of Key Players10.3.1 Brunswick Corporation10.3.1.1 Company Overview10.3.1.2 Description10.3.1.3 Product Portfolio10.3.1.4 Financials10.3.1.5 SWOT Analysis10.3.2 Icon Health & Fitness, Inc.10.3.2.1 Company Overview10.3.2.2 Description10.3.2.3 Product Portfolio10.3.2.4 Financials10.3.2.5 SWOT Analysis10.3.3 Nautilus10.3.3.1 Company Overview10.3.3.2 Description10.3.3.3 Product Portfolio10.3.3.4 Financials10.3.3.5 SWOT Analysis10.3.4 Precor10.3.4.1 Company Overview10.3.4.2 Description10.3.4.3 Product Portfolio10.3.4.4 Financials10.3.4.5 SWOT Analysis10.3.5 Technogym10.3.5.1 Company Overview10.3.5.2 Description10.3.5.3 Product Portfolio10.3.5.4 Financials10.3.5.5 SWOT AnalysisFor more information about this report visit https://www.researchandmarkets.com/r/uw5m7g
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