Exercise Bike Market Growing to Unveil a Remarkable CAGR of 13.80% By 2029, Key Drivers, Size, Share, Demand and Opportunity Analysis

The rising number of fitness clubs, health centers and gyms is likely to drive the demand of exercise bike market. Furthermore, the rising level of disposable income of people and continuously changing lifestyle are some of the factors driving the exercise bike market

/EIN News/ -- TORONTO, Oct. 13, 2022 (GLOBE NEWSWIRE) -- A Qualitative Research Study accomplished by Data Bridge Market research's database of 350 pages, titled “Exercise Bike Market” with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. This Exercise Bike market report gives information about company profile, product specifications, capacity, production value, and market shares for each company under the competitive analysis study. Under market segmentation, research and analysis is done based on several market and industry segments such as application, vertical, deployment model, end user, and geography. The Exercise Bike report focuses on many aspects related to this industry and market. Some of these strategies are new product launches, expansions, agreements, partnerships, joint ventures, and acquisitions. Before presenting the report to the end users, all the information is assessed and validated by the expert team members.

The exercise bike market is expected to be growing at a growth rate of 13.80% in the forecast period of 2022 to 2029.

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A stationary cycle is another term for the exercise bike. These bikes are stationary fitness equipment that work similarly to traditional bikes to help people lose weight and improve their physical health. Indoor cycling is done with the help of exercise bikes. Saddles, pedals, and handlebars arranged like a bicycle are included. Workout bikes are a sort of exercise equipment that looks like a bicycle but does not have wheels. Household customers, gyms/health clubs, and others are among the users of these bicycles.

The rising number of fitness clubs, health centers and gyms is likely to drive the demand of exercise bike market. Furthermore, the rising level of disposable income of people and continuously changing lifestyle are some of the factors driving the exercise bike market. Other significant factors such as the rising concern among consumers about health and rising demand from end-use industries will further accelerate the market growth rate. Furthermore, upsurge in the prevalence rate of obesity, diabetes, stress and hypertension will positively impact the market’s growth rate. Additionally, increase in the growth of e-commerce and rising number of youth population will further cushion the growth rate of market. Also, rising fitness boutiques and gym chains that offer virtual training will flourish the growth rate of exercise bike market.

Some of the major players operating in the Exercise Bike market are:

• TECHNOGYM S.p.A,
• Brunswick Corporation,
• Icon Health & Fitness,
• Peloton,
• Nautilus Inc.,
• Precor Incorporated,
• Core Health & Fitness, LLC,
• Life Fitness.,
• Horizon Fitness.,
• Stamina Products, Inc.,
• NordicTrack,
• Schwinn,
• iFIT Health & Fitness,
• Marcypro,
• Rogue Fitness,
• Cosco (India) Limited,
• SHUA,
• Fitness Factory,
• Body-Solid Inc.,
• Ciclotte,
• JERAI FITNESS PVT,
• KETTLER, and
• Johnson Health Tech

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The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Exercise Bike market

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Exercise Bike Market

The investment made in the study would provide you access to information such as:

• Global Exercise Bike Market [Global – Broken-down into regions]
• Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
• Country wise Market Size Split [of important countries with major market share]
• Market Share and Revenue/Sales by leading players
• Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
• Market Size
• Market Size by application/industry verticals
• Market Projections/Forecast

However, high cost associated with fitness equipment will hamper the market growth rate. Additionally, the negative impact of COVID-19 on supply chain will hinder the market growth. Less awareness and the lack of skilled professionals will further challenge the market in the forecast period mentioned above.

This exercise bike market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on exercise bike market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Key Industry Segmentation: Exercise Bike Market

On the basis of product,

• Recumbent exercise bikes,
• upright exercise bikes

On the basis of application

• home consumers,
• gyms and
• health clubs

On the basis of distribution channel,

• online and
• offline

Regional Analysis/Insights: Exercise Bike Market

The countries covered in the exercise bike market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is predicted to continue a dominant position among other regions worldwide. This is attributable to the increasing number of cases of obesity and various other diseases in this region. Additionally, shifting focus consumers towards a healthy lifestyle and increasing disposable income will further propel the market’s growth rate in this region. Asia-Pacific, on the other hand is anticipated to grow at a fastest rate during the forecast period of 2022-2029 due to rising fitness boutiques and gym chains that offer virtual training and rising awareness about health among consumers in this region. 

The country section of the exercise bike market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Table of Contents:

1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Global Exercise Bike Market: Regulations
6. Market Overview
7. Global Exercise Bike Market, By Component
8. Global Exercise Bike Market, By Gene Type
9. Global Exercise Bike Market, By Gene Synthesis Type
10. Global Exercise Bike Market, By Application
11. Global Exercise Bike Market, By Method
12. Global Exercise Bike Market, By End User
13. Global Exercise Bike Market, By Distribution Channel
14. Global Exercise Bike Market, By Region
15. Global Exercise Bike Market: Company Landscape
16. SWOT Analyses
17. Company Profile
18. Questionnaires
19. Related Reports

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