According to the latest report by IMARC Group, titled “Exercise Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global exercise bike market was worth US$ 516 Million in 2019. An exercise bike, also known as exercycle, is a stationary equipment which is similar to a regular bicycle. Exercise bike generally consists of various components such as a saddle, paddles and handlebars. It offers myriad benefits some of which include managing body weight, enhance immunity system and measure heart rate, speed, mileage and calories burned. Apart from this, exercise bike also provides low-impact and gentle workout, and helps in avoiding the stress which is being continuously put on the spine.
Request to get sample report: https://www.imarcgroup.com/exercise-bike-market/requestsample
Exercise bikes are extensively being used for fighting numerous lifestyle diseases such as stress, diabetes and hypertension. This is one of the primary factors which is catalysing the growth of the exercise bike market. Besides this, over the past few years, there has been a worldwide rise in the prevalence of obesity due to which consumers have become health conscious. This has, in turn, proliferated the demand for exercise bikes across the globe. Some of the other factors which have further propelled the growth of the market include surging disposable incomes, improving living standards of the consumers and product innovations by manufacturers. However, there has been a significant rise in the costs of fitness equipment which acts as a major hindrance for the growth of the global exercise bike market. Looking forward, IMARC Group expects the global exercise bike market to exhibit moderate growth during 2020-2025.
Insights on Market Segmentation:
Breakup by Product Type
1. Recumbent Exercise Bike
2. Upright Exercise Bike
The exercise bike market has been segregated on the basis of product type which include recumbent exercise bike and upright exercise bike along with others such as indoor bikes and dual action stationary bikes. Amongst these, recumbent exercise bikes are the most popular type of exercise bike as they are less stressful for the back and knees of the consumers.
Browse full report with TOC’s: https://www.imarcgroup.com/exercise-bike-market
Breakup by End-User
1. Home Consumers
2. Gyms/Health Clubs
Based on application, the market has been segmented into home consumers and gyms/health clubs. Currently, home consumers represent the largest segment owing to the rising need of convenience among consumers.
Market Breakup by Region
1. North America
3. Asia Pacific
4. Latin America
5. Middle East and Africa
On a geographical front, North America enjoys a leading position in the global exercise bike market. This can be highly attributed to the increasing health awareness and rising cases of obesity-related diseases across the region. North America is followed by Europe, Asia-Pacific, Latin America, and Middle East and Africa.
The competitive landscape of the market has also been examined with some of the key players being Brunswick Corporation, Icon Health & Fitness, Inc., Nautilus, Precor and Technogym.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter : @imarcglobal