About Home Exercise Bike
Home exercise bikes, is used to improve and preserve cardiovascular health. It can also be used to reduce body fat. The home exercise bike, unlike the gym versions, is used to exercise at home. It is made up of different components such as the saddle, handlebars, pedals, and foot braces. In contrast to other types of fitness equipment, an exercise bike provides a reduced-impact workout that is ideal for people with lower back or joint problems. It also helps to boost overall body health by reducing weight and fighting lifestyle diseases like stress, diabetes, and hypertension. Home exercise bikes have becoming more popular because of urbanisation and also because of more awareness about being healthy and fit.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.62% |
The market for Home Exercise bike is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Home Exercise Bike market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Reach Air Bikes (United States), Healthex (United States), Dolphy (United States), Schwinn (United States), Leikefitness (United States), Peloton Bike (United States) and NordicTrack (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Home Exercise Bike market by Type (Recumbent Bike, Upright Bike, Dual Action Bike and Interactive Bike) and Region.
On the basis of geography, the market of Home Exercise Bike has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Home Exercise Bike market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Portability, the sub-segment i.e. Portable will boost the Home Exercise Bike market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in the Exercise Bike like Live Stream Video in the Screen While Cycling
Market Growth Drivers:
Changing Lifestyle of People and Rise In The Cases Of Obesity As Well As Other Chronic Diseases
Challenges:
High Cost
Restraints:
High Cost of Equipment
Opportunities:
Rising Health Awareness among Young People
Market Leaders and their expansionary development strategies
May 2022: Bowflex, another established fitness equipment brand, unveils its new VeloCore stationary bike, featuring a unique leaning system for a more immersive cycling experience
February 2023: Echelon Fit, a home fitness equipment company, announces the launch of its new EX-5S Max smart exercise bike, featuring a larger screen and improved resistance control
Key Target Audience
Manufacturers of Exercise Bike, Suppliers of Exercise Bike, Wholesalers, Distributors and Retailers of Exercise Bike, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.