The study covers a detailed analysis segmented by key business segments i.e. by type (Recumbent stationary Cycles and Upright stationary Cycles) and major geographies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Stationary Cycle market throughout the predicted period.
What is Stationary Cycle?
Increasing disposable incomes across the globe as well as robust growth in need for fitness has improved the demand for stationary cycles across the globe. Moreover with increasing instances of cardio vascular diseases will encourage home fitness segment. These cycles are used to increase general fitness, train for cycling events and also used as an equipment for exercise. These cycles are often referred to as exercise bikes, exercise bicycle. The equipment is often referred to as exercise bike, exercise bicycle, or exercise. The exercise bike has long been used for physical therapy as it provides safe and effective cardiovascular exercise, and is considered as a low-impact workout device.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Stationary Cycle market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- Brunswick Corporation (United States)
- Amer Sports (Finland)
- Nautilus Inc. (United States)
- Johnson Health Tech (Taiwan)
- Technogym (Italy)
- ICON Health Fitness (United States)
- BH Fitness (United Kingdom)
- Anytime Leisure Limited (Scotland)
- Monark Exercise AB (Sweden)
- COSMED (Italy)
- Cardioline SpA (Italy)
- ERGOSANA GMBH (Germany)
In each State of Australia (except Northern Territory), an Industry Code of Practice has been developed by Fitness Australia in consultation with the relevant Department of Consumer Protection or Fair Trading. With the exception of Victoria, Tasmania and Northern Territory, the Departments of Fair Trading are involved in the administration of the Code of Practice. The Code of Practice is mandatory in the Australian Capital Territory, Queensland and Western Australia i.e. all industry businesses are subject to the provisions of the Code. In South Australia, part of the Code is mandatory and part is voluntary. In New South Wales, Victoria & Tasmania, the Code of Practice is entirely voluntary. Businesses that choose to become Members of Fitness Australia also choose to be subject to the provisions of the Code of Practice, whether voluntary or not. These businesses choose to send a message to consumers that they abide by a certain set of industry standards that are embodied in the Code of Practice.
Market Trend
Robust Demand from the Home Fitness Segment and Rising Adoption of Health Club Memberships
Restraints
- Availability of Other Cheaper Fitness Equipment
- Growing Availability of Refurbished Fitness Equipment
Opportunities
Robust Advertisements, Promotions, Government Initiatives and Celebrity Endorsements will encourage the Demand and Growing Technological Advancements in Fitness Equipment Manufacturing
Key highlights of the Global Stationary Cycle market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Stationary Cycle market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Stationary Cycle market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Stationary Cycle Vendors
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Stationary Cycle market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Stationary Cycle market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Stationary Cycle Manufacturers, Distributors, Traders, Fitness Equipment Upstream and Downstream Buyers, Gyms, Fitness Centers, Hospitals, Government Agencies, Fitness Industry Associations, Sports Industry Associations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.