About Exercise bikes
An exercise bike is also known as a stationary bicycle or spinning bike which is used as exercise equipment. It is one of the best ways to get daily cardio. Exercise bikes are becoming popular because of light weight, easy to use, and easy to store. Exercise bikes have more advanced features like customizable fitness programs, built-in heart rate monitors, cooling fans, etc. Health benefits of exercise bikes involve energy boosting, ease on the joints, weight loss, heart, and health benefits.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.6% |
The competitive landscape in the exercise bike market is constantly evolving, and players need to adapt, innovate, and collaborate to stay ahead of the curve. Understanding the key players, emerging trends, and effective strategies will be crucial for navigating this dynamic and competitive market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Exercise bikes 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.
Brunswick (United States), ICON Health & Fitness (United States), Nautilus, Inc. (United States), Precor (United States), Technogym (Italy), BH Fitness (United States), Body-Solid, Inc. (United States), Life Fitness (United States), Decathlon Group (France) and Target Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sears (United States), NordicTrack (United States) and Cybex International (United States).
Segmentation Overview
AMA Research has segmented the market of Global Exercise bikes market by Type (Recumbent Exercise Bikes, Upright Exercise Bikes and Others), Application (Home Consumers and Gym/Health Clubs) and Region.
On the basis of geography, the market of Exercise bikes 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 Chanel, the sub-segment i.e. Online will boost the Exercise bikes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Exercise Bikes with Improved Features
Market Growth Drivers:
Rising Health Awareness among the People, Increasing Obesity Rate Worldwide and Rising Number of Fitness Clubs
Challenges:
Unawareness about the Exercise Bikes in Rural Population
Restraints:
High Cost of Bikes with Advanced Technologies
Opportunities:
Rising Number of Fitness Clubs, Gyms and Health Centers and Increasing Number of People with Busy Lifestyle
Market Leaders and their expansionary development strategies
In November 2023, Zwift, the popular online cycling platform, announced partnerships with high-end bicycle brands Canyon and Rapha. These partnerships will make Canyon and Rapha bikes and apparel available for purchase within Zwift and will also involve co-branded marketing initiatives. This collaboration aims to further enhance the Zwift experience for users and leverage the popularity of Canyon and Rapha brands.
In September 2023, Peloton, the interactive fitness company, announced a collaboration with music superstar Beyoncé. This collaboration includes a series of themed rides and classes featuring Beyoncé's music, as well as curated apparel and accessories. This partnership aims to attract new audiences to Peloton and further elevate the brand's image.
Key Target Audience
Exercise Bikes Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
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.