Global Stationary Bike Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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8420
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May 2023
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This report was compiled by Research Team Research team of over 50 passionate professionals leverages advanced research methodologies and analytical expertise to deliver insightful, data-driven market intelligence that empowers businesses across diverse industries to make strategic, well-informed Correspondence Research Team Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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"Global Stationary Bike Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global stationary bike market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global stationary bike market report has been segmented on the basis of product type, end-user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Stationary bike is also called as exercise bicycle, exercise bikes, studio cycle, Exercycle, and stationary cycle, used for exercise and physical therapy. Stationary bike is considered as a safe and minimal impact workout device. It has various sub-parts which include a saddle, pedals, handlebars and foot straps, allowing the operator to exercise various body parts such as legs and upper body. An exercise bike offers a lower-impact workout suitable for those who are suffering from lower back or joint issues.
Increasing demand for exercise bike for fighting with obesity and other lifestyle diseases is expected to drive growth for the market over the forecast period. Also rising prevalence of lifestyle diseases such as obesity and hypertension is also anticipated to bolster the growth of the market over the long run. Other factors such as increasing disposal income, improving standard of living, is expected to boost the adoption of exercise bike during the forecast period.
However, high cost of fitness equipments such as stationary bike may hamper the demand and restrain growth of the global market over the forecast period.
Recent trend shows that, product innovations by manufacturers provide a positive push to the market growth. Moreover, some of the new technologies include bikes which allows rider to watch live stream videos on its screen while cycling in the studio, or cycle through different landscapes around the world by virtual reality.
Geographically, North America is dominated the global stationary bike market and expected to maintain its dominance over the forecast period. The major factor drives the growth of the North America stationary bike market is the increasing prevalence of obesity and obesity-related diseases (diabetes and cardiac diseases) that have forced people to choose regular exercise. Such awareness leading to an increase in the number of fitness centers, which, in turn, urges the development of the fitness equipment. Furthermore, market in the Asia Pacific is anticipated to grow significantly, due to increasing personal disposable income and increasing healthcare expenditure. Also, the market in Middle East & Africa is expected to show moderate growth over the forecast period.
According to Organisation for Economic Co-operation and Development (OECD), 19.5% of the adult population was obese in 2015. This rate ranges from less than 6% in Korea and Japan to more than 30% in Hungary, New Zealand, Mexico and the US.
Global Stationary Bike Market Segmentation:
By Product Type:
- Recumbent Exercise Bike
- Upright Exercise Bike
- Others (Dual-Action Stationary Bike, Indoor Cycle Bike, Folding Exercise Bike, and interactive Stationary Bicycle)
By End-User:
- Home consumers
- Gym/health clubs
- Others (hotels, corporates, educational institutions, hospitals)
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Bladez Fitness
- Nautilus, Inc.
- Life Fitness, Inc.
- Cybex International, Inc.
- Brunswick Corporation
- ICON Health & Fitness,
- Precor Incorporated
- Technogym
- Johnson Health Tech. , Ltd
- Ketller
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