You are currently viewing Global Exercise Bike Market Size to Grow at a CAGR of 3.50% Between 2023 and 2028

Global Exercise Bike Market Size to Grow at a CAGR of 3.50% Between 2023 and 2028

The ‘Global Exercise Bike Market Size, Share, Price, Outlook, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global exercise bike market, assessing the market on the basis of its segments like product types, end uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Exercise Bike Market Size, Share, Price, Growth, Trends, Industry Report, Key Players, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2022): Over USD 544.09 Million
  • Forecast CAGR (2023-2028): 3.50%

The exercise bike market development is being propelled by the growing deployment of technologies such as touchscreens, virtual reality, and interactivity in exercise bikes to make workouts engaging. With their ability to track progress and personalise workouts, smart bikes that connect to apps and fitness trackers are increasingly gaining popularity.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/exercise-bike-market/requestsample

The rising health consciousness has been a major factor driving the exercise bike market growth, as more people are utilising exercise bikes to maintain proper health. Indoor cycling is also gaining popularity as a low-impact and high-intensity exercise choice. Besides, the rising awareness regarding the benefits of exercise bikes to support the body perform isometric movements and increase endurance is anticipated to aid the market.

Riding a stationary exercise bike has been proven to be an effective option for people to stay fit. It is very efficient in helping people to lose weight and burn calories while strengthening the heart, lungs, and muscles; such factors are boosting its demand in fitness centres, gyms, and homes.

An exercise bike enables an excellent aerobic workout while putting less strain on joints, which has increased its popularity among people of all age groups.

In the forecast period, it is anticipated that rising disposable income and growing consumer living standards, along with the surging fitness-consciousness, will further fuel the exercise bike market expansion.

Exercise Bike Industry Definition and Major Segments

An exercise bike is a stationary bike that can be used for indoor workouts. These bikes offer a low-impact exercise that uses fluid movements to strengthen bones and joints without straining them. These bikes are usually utilised in households and gyms.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/exercise-bike-market

The major product types in the market include:

  • Recumbent Exercise Bike
  • Upright Exercise Bike

By end use, the market is segmented into:

  • Home Consumer
  • Gyms/ Health Clubs
  • Others

The major regional markets of exercise bikes include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Exercise Bike Market Trends

The growing popularity of home workouts, especially after the COVID-19 outbreak, has significantly bolstered the demand for exercise bikes.

Manufacturers are introducing several advanced features in exercise bikes, such as enabling users to watch live-streaming videos while exercising. Also, manufacturing companies are releasing virtual reality workout bikes that allow users to experience cycling in a variety of diverse environments, including the Amazon jungle and desert, among others, which is likely to favour the exercise bike market demand in the coming years.

It is expected that North America will significantly contribute to the market growth due to the rising prevalence of obesity and other health disorders. The increasing adoption of healthier lifestyles among consumers with rising disposable incomes is anticipated to accelerate the market growth in the coming years.

Key Market Players

The major players in the global exercise bike market report include Icon Health & Fitness, Inc., Precor Incorporated, TECHNOGYM S.p.A, and Nautilus Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Ian Bell, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.