About Indoor Cycles
Indoor cycles are also known as spinning or exercise bikes, the frame of the indoor cycles offers a road cycling experience. It has a high seat allowing the rider to be over the handlebars providing comfort but not all indoor cycles offers the same comfort. In addition to it the frame, pedals, and flywheel are sturdy which enables the rider to stand on the pedals, which provides whole-body exercise and a better experience. Indoor cycles improve overall health and boost muscle endurance. These can be seen in gyms, inhouse and even in playgrounds.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Indoor Cycles 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.
Precor Incorporated (United States), Life Fitness (United States), Keiser Corporation (United States), Nautilus, Inc. (United States), Net Media Group, LLC (Diamondback Fitness) (United States), Technogym S.p.A (Italy), Cybex International, Inc. (United States), Mad Dogg Athletics, Inc. (United States), Paradigm Health & Wellness (United States) and Freemotion Fitness (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Indoor Cycles market by Type (Upright Indoor Cycles and Recumbent Indoor Cycles), Application (In-House, Gym, Playground and Other) and Region.
On the basis of geography, the market of Indoor Cycles 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 Age Group, the sub-segment i.e. Above 35 will boost the Indoor Cycles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Male will boost the Indoor Cycles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Consumption of Indoor Cycles by Middle-Class Economy and Increasing Demand for Indoor Cycles Among Working Class people
Market Growth Drivers:
Awareness about Exercise and its Benefits Across the Globe and Increasing Number of Gym and Sports Centre
Challenges:
High Price Availability of Indoor Cycles and Lack of Comfort and Reliability on Indoor Cycles
Restraints:
Complexities Associated with Maintenance of Indoor Cycles and Lack of Proper Training and Knowledge about Indoor Cycles
Opportunities:
Improving Performance and Comfort Associated with Indoor Cycles like any other Exercise Equipment
Market Leaders and their expansionary development strategies
In June 2021 , Fitness and wellness platform cult.fit has acquired Tread, a Bengaluru-based connected fitness startup. With this acquisition, cult.fit will tap into the fitness hardware segment, starting with Tread’s smart bikes.
In September 2023, Wahoo has launched the Kickr Move, a new indoor cycling trainer aimed at improving the experience of riding indoors. The new Kickr Move adds movement to indoor cycling. Until now, riding a bike indoors has almost uniformly meant mounting a bike onto a smart trainer that allows for little movement, either sideways or forwards.
Key Target Audience
Indoor Cycles Manufacturers, Indoor Cycles International Traders, Indoor Cycles Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Financial Institutes and Venture Capital 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.