About Indoor Cycling Bike
Indoor cycling bikes also known as spinning bikes are stationary bikes designed for exercise. Indoor cycling bikes are designed to replicate traditional cycling experiences without the need to travel outside. Paddles, saddles, seat, and weighted wheel are some of the basic features of indoor cycling bikes. Usually, indoor cycling bikes come with various options to adjust the paddle resistance and seat height. Fitness service providers and fitness enthusiasts are primary buyers of indoor cycling bikes.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market for indoor cycling bikes is fragmented with the presence of many players. Leading players can adopt strategies like a merger, acquisition, expansion, new product launch, in order to gain share within the market. Owing to booming industrialization & urbanization, there are growing prospects for new players to enter the market.The Vendors having a strong hold in the market are Wahoo Fitness, Stages Cycling, LLC, The Schwinn Bicycle Company, and Keiser Corporation. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Indoor Cycling Bike market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wahoo Fitness (United States), Stages Cycling, LLC (United States), The Schwinn Bicycle Company (United States), Keiser Corporation (United States), ICON Health & Fitness (United States), Sunny Health and Fitness (United States), MagneticDays, Life Fitness (United States), Peloton (United States), BH Fitness (United States) and Technogym (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Spartan ProGear (India), Marcy Pro (United States), Core Health & Fitness, LLC. (United States), Xebex Fitness (Netherland) and ZYCLE (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Indoor Cycling Bike market by Type (Magnetic Based Resistance and Friction Based Resistance), Application (Gyms, Health clubs, Offices, Household and Others) and Region.
On the basis of geography, the market of Indoor Cycling 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 Indoor Cycling Bike market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Titanium will boost the Indoor Cycling Bike market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Technological Advancements in Indoor Cycling Bikes Such as USB Charging Ports, Bluetooth Connectivity and Smart Phone Holder Tends to Growth in Indoor Cycling Bikes
Market Growth Drivers:
The Rising Fitness Awareness Leads to the Growth in Indoor Cycling Bikes, The Increasing Traffic and Air Pollution is Owing to the Growth for Indoor Cycling Bikes and Indoor Cycling Bikes Help to Decrease Cholesterol Level and Reduce Risk of Cardiovascular Diseases
Challenges:
Indoor Cycling Bikes Can Cause Pain in Pelvic Bones
Restraints:
Improper Cycling Can Cause Problems with the Lower Back and Knees
Opportunities:
Owing To the Government Initiatives Promoting a Healthy Lifestyle There Is an Increasing Opportunity for the Growth of Indoor Cycling Bikes
Market Leaders and their expansionary development strategies
In September 2019 Stages Cycling, LLC, a manufacturer of indoor cycling bikes launched a complete exercise smart bike highly adjustable ride position with the saddle and bar height and forward positioning adjustable. There are calibration marks on the bar and saddle mounts to ensure replicable set-up.
In September 2019, Wahoo Fitness, a manufacturer of indoor cycling bikes launched indoor cycling smart bike in which users can customize their front chainrings and rear cog selection to identically match the bike shifting platforms of their outdoor bikes. There are also proprietary algorithms built into the pedaling and also Out-of-the-box assembly is simple and integrated into the Wahoo App.
Key Target Audience
Indoor cycling bikes Manufacturers, New Entrants/Investors, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations and End-Use Industry
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.