Global Indoor Cycling Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Indoor Cycling Market Introduction:

Cycling is also considered in sports and is a great way to stay fit and make the most out of the winter. Indoor cycling is an easy and affordable way to stay active during these harsh months. Indoor cycling is a form of activity or exercise performed on a special stationary bicycle in a fitness center or at home. It's a tough workout that gives a full-body workout, including heart rate zone training and others. In addition, it is also a fun way to exercise with friends or enjoy a solo ride. Strength, weight loss, fitness, intensity, etc., are the main focus points for indoor riding.

There are several advantages of indoor cycling, such as convenient, time-saving, weather-proof, and stopping with a dirty bike. In addition, people can carry out targeted exercises to improve endurance, speed, cardiovascular health, etc. Cycling indoors is an excellent alternative for those looking for a new workout. One of the main benefits of cycling indoors is that you are able to get in some exercise without putting any wear and tear on your body. The other benefit is that you are able to control the temperature of the room while you are exercising. Cycling also offers several different levels or resistance so you can find one that is perfect for your fitness level.

Indoor cycling is also carried out in small groups, with a coach instructing other people or matching each other's riding rhythm. In this case, people can also communicate with each other while exercising. The social aspect of indoor cycling, especially in fitness clubs, attracts more people to adopt indoor cycling. In addition, group indoor cycling creates a high demand for indoor cycling bicycles, because multiple users must use multiple bicycles at the same time instead of using one or several bicycles one after another.

Global Indoor Cycling Market Revenue Outlook:

Global Indoor Cycling Market valued at US$ 6.7.8 Mn in 2020 and is projected to register а САGR of 5.4% by 2031.

Increasing Health Benefits Have A Positive Impact On The Target Market

For most people, regardless of their physical condition, indoor cycling is one of the most common activities in fitness centers. Several studies have analyzed the effects of indoor cycling on several health-related parameters, such as maximum oxygen consumption, blood pressure, body composition, and biochemical markers (such as HDL or LDL). In addition, a combination of indoor cycling and diet improves blood lipids, loses weight, and lowers blood pressure. Also, individual indoor riding can also improve aerobic capacity.

Market Restraints That May Limit The Revenue Growth

A new craze in fitness has been a rather unfamiliar sport to many, the indoor cycling class. This sport demands high cardiovascular endurance and strong legs to complete an intense workout. Many factors can deter people from trying this new exercise routine, such as paying to use the bike. The high cost of indoor cycling bikes compared to conventional bikes is another factor that may limit the revenue growth of the target market, especially in developing economies, to a certain extent.  The biggest disadvantage of cycling at home is the high cost. The price of a Peloton bike is usually more than $1,800, which does not include the monthly subscription fee.

Recent Trends Observed In The Indoor Cycling Market

Indoor cycling is the most popular form of indoor exercise. This is because it can be used all day, when riding outside isn't an option, when the weather is bad, when you want to work in private or keep in shape during winter months. Indoor bicycles develop and innovate in their ways, from immersive and gamified experiences to high-quality smart bicycle products.

The government and fitness clubs investing in the construction of bicycle lanes are the main constraints on the global indoor bicycle market. The bike lanes are designed for easy riding and comfortable driving on crowded roads. The driving experience on the well-designed track and the live driving experience surrounded by greenery are people's first choices. Compared with the indoor environment, the oxygen content outside the building is usually higher. In the near future, the development of cycling tracks is expected to moderately affect the growth of indoor cycling.

COVID-19 Impact on Indoor Cycling Market

The COVID-19 pandemic caused many stadiums to close in March, and many are still closed. Therefore, it seems that more people will join the indoor cycling trend in 2020 than ever before. Wattbike Atom's sales in the UK in March 2020 were 113% higher than the sales in February 2020. Active users on the Wattbike Hub app also increased by 17% compared to users using Atom, which shows that there are higher sales levels, but there are also active users who use their Wattbike to stay healthy in the comfort of their own home.

Regional Analysis

North America region holds the leading position in the Global Indoor Cycling Market

Geographically, North America is estimated to account for the majority market share and will continue to dominate the target market in the next few years. As health problems are increasing on a global scale, so fitness has become an indispensable part of a person's health. The North American indoor cycling market is the leading region worldwide in terms of revenue generation. This is due to the high number of gyms, stadiums, and other facilities that are now equipped to accommodate indoor cycling programs. Furthermore, many consumers are opting for this type of exercise because they believe it will provide them with fewer injury risks than outdoor biking. The prevalence of videos on social media showcasing individuals who partake in this form of exercise has led to surge in interest from consumers.

Global Indoor Cycling Market Segmentation is based on Type, Application and Region:

Based on the Type

• Magnetic Resistance
• Felt Pad Resistance

Based on the Application

• Home
• Fitness Club
• Other Applications

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Players in the Market are:

• Peleton
• Brunswick Corporation
• Nautilus
• Precor
• Mad Dogg Athletics
• Paradigm Health?Wellness
• Keiser Corporation
• BH Fitness
• Johnson Health
• SOLE Treadmills
• Sunny
• IMPEX
• Assault Fitness
• Other Key Industry Players