The "Exercise Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global exercise bike market reached a value of US$ 597.5 Million in 2020. Looking forward, the publisher expects the global exercise bike market to reach a value of US$ 795.4 Million by 2026, exhibiting a CAGR of 4.76% during 2021-2026.
Exercise bike, also known as stationary cycle, is an immobile fitness machine which resembles an ordinary bike. It has various sub-parts which include a saddle, pedals, handlebars and foot straps. In comparison with other exercising equipment, an exercise bike offers a lower-impact workout which is apt for those who are suffering from lower back or joint issues. Moreover, it assists in improving the overall fitness of the body by reducing weight, and combating lifestyle diseases such as stress, diabetes and hypertension.
Global Exercise Bike Market Drivers:
On account of hectic work schedules, sedentary lifestyles and altering food preferences, consumers are relying more on fast-food items and ready-to-eat food products which are low in nutritional content and high in unhealthy fats. This has led to a rise in the cases of obesity as well as other chronic diseases. Increasing health consciousness among the global population has boosted the demand for exercise bikes as they provide isotonic exercise to the body and help in improving stamina, stimulating heart rate, and burning down the overall body fat.
Manufacturers are coming up with several innovations in exercise bikes so as to widen their consumer-base. Nowadays, an exercise bike allows the user to view a live stream video in the screen while cycling. Along with this, the manufacturers have recently introduced virtual reality exercise bikes which help in creating a completely different ambience for the users.
Other factors which are supporting the growth of the market include rising purchasing power, improving lifestyles, growing youth population as well as rising prevalence of diabetes and cardiac diseases.
Icon Health & Fitness Inc
Key Questions Answered in This Report
1. What was the global exercise bike market size in 2020?
2. What will be the global exercise bike market outlook during the forecast period (2021-2026)?
3. What are the global exercise bike market drivers?
4. What are the major trends in the global exercise bike market?
5. What is the impact of COVID-19 on the global exercise bike market?
6. What is the global exercise bike market breakup by product type?
7. What is the global exercise bike market breakup by end use?
8. What are the major regions in the global exercise bike market?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Exercise Bike Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by End-User
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.10 Porters Five Forces Analysis
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Product Type
6.1 Recumbent Exercise Bike
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Upright Exercise Bike
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End-User
7.1 Home Consumers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Gyms/Health Clubs
7.2.1 Market Trends
7.2.2 Market Forecast
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.3 Asia Pacific
8.4 Latin America
8.5 Middle East and Africa
9 Exercise Bike Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/tat8b9
View source version on businesswire.com: https://www.businesswire.com/news/home/20210222005377/en/
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