Recumbent Segment to Dominate the Indoor Cycling Market
According to Custom Market Insights (CMI), The Global Indoor Cycling Market size was estimated at USD 1.5 billion in 2021 and is anticipated to reach around USD 2.8 billion by 2030, growing at a CAGR of roughly 10% between 2022 and 2030. Our research report offers a 360-degree view of the Indoor Cycling market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Indoor Cycling Market.
Indoor Cycling Market: Overview
The term “stationary cycle” or “indoor cycle” is also used to describe the exercise bike. These stationary exercise bikes help people lose weight and enhance their physical health in a manner comparable to traditional bikes. Exercise bikes are used to perform cycling inside. Included are bicycle-style handlebars, pedals, and saddles. Workout bikes are a type of workout machine with a bicycle-like appearance but no wheels. These bicycles are used by household customers, gym/health club patrons, and other people.
Browse the full “Indoor Cycling Market Size, Trends and Insights By Product (Upright, Recumbent, Others), By End-user (Gyms and Clubs, Home, Others), By Distribution Channel (Offline, Online), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/indoor-cycling-market/
Consumers depend more on fast and ready-to-eat products, which are low in nutritional value and high in unhealthy fats, due to hectic work schedules, sedentary lifestyles, and changing eating tastes. Due to this, occurrences of obesity and other chronic diseases are on the rise. Demand for exercise bikes has increased as a result of rising health consciousness among people worldwide. Activity bikes give the body isotonic exercise, which helps to increase stamina, raise heart rate, and burn fat throughout the body.
Indoor cycling bike manufacturers are developing a number of changes in an effort to increase consumer appeal. Today, while using an exercise bike, a user can see a live stream video on the screen. Along with this, the producers have just released virtual reality exercise bikes that assist in giving people a totally different environment.
Increasing purchasing power, improved lifestyles, a growing youth population, and an increase in the prevalence of diabetes and cardiovascular disease are further reasons fostering the market’s expansion.
The market for Indoor Cycling is segmented into product, end-user, and distribution channels. By product, the recumbent segment is anticipated to lead the market in 2021. Indoor cycling bike manufacturers are developing a number of changes in an effort to increase consumer appeal. Today, while using an exercise bike, a user can see a live stream video on the screen. Along with this, the producers have just released virtual reality exercise bikes that assist in giving people a totally different environment. Further, the upright segment is anticipated to witness a high CAGR during 2022-2030. Increasing purchasing power, improved lifestyles, a growing youth population, and an increase in the prevalence of diabetes and cardiovascular disease are further reasons fostering the market’s expansion.
In 2021, North America held over 40% share of the market. Growing consumer health in the area and rising disposable income are fueling market expansion in the area. Consumers are willing to spend more on their fitness and also prefer to possess private equipment in the comfort of their homes in this region because there is a significant increase in the cases of obesity and other diseases, which is encouraging healthy lifestyles for people. The demand for exercise bikes in this area is being driven by these elements.
Over the course of the projection period, Asia Pacific is anticipated to increase at a considerable CAGR. Growing healthier lifestyles, increased disposable income, and expanding fitness chains and boutique gyms that provide virtual training. These elements are anticipated to fuel market growth.
|Feature of the Report||Details|
|Market Size in 2021||USD 1.5 billion|
|Projected Market Size in 2030||USD 2.8 Billion|
|Market Size in 2022||USD 1.7 Billion|
|CAGR Growth Rate||10% CAGR (2022-2030)|
|Key Segment||By Product, End-user, Distribution Channel, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfil your requirements for research.|
By examining market segments and projecting market size, the reports also aid in understanding the dynamics and organizational structure of the global Indoor Cycling Market. The study serves as an investor’s guide thanks to its clear depiction of competitive analysis of key companies by product, price, financial condition, product portfolio, growth plans, and regional presence in the worldwide access control market.
- 2022: In order to create a unique gamified studio cycling + strength training hub for everyone at home with access to limitless on-demand classes taught by their instructors, Freebeat, a successful start-up in the connected fitness industry, has just launched its new indoor cycling bike model, “Lit Bike.”
- 2022: The highly anticipated launch of Peloton Row, the company’s foray into rowing, comes from Peloton, the world leader in immersive connected exercise experiences.
Some of the prominent players
- Brunswick Corporation
- Icon Health & Fitness, Inc.
- Techno gym
- Star Trac
- Life Fitness
- Horizon Fitness
- Stamina Products, Inc.
- True Fitness
- Johnson Health Tech
- Rogue Fitness
- Core Health & Fitness, LLC
- Cosco Sports Equipment
- ShuHua Sports Co., Ltd.
- JERAI Fitness Pvt. Ltd
The global Indoor Cycling market is segmented as follows:
- Gyms and Clubs
By Distribution Channel
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America