Exercise Bike Market 2016-2020

Outlook of the global exercise bike market

Technavio’s market research analyst predicts the global exercise bike market to grow steadily at a CAGR of more than 3% over the forecast period. The increasing cost of healthcare services and facilities is one of the key factors driving the growth of this market globally. Obesity is one of the main concerns in developed countries, especially in the US. With obesity rates rising around the world, the market for exercise bikes will have a positive outlook in the coming years.

In this market study report, the analysts have estimated factors such as the emergence of smart exercise bicycle to bolster the growth prospects for this market over the predicted period. With the help of advanced technologies, exercise bike manufacturers have introduced smart bikes in the market; for instance, Peloton introduced a smart bike that allows the user to bike in the comfort of their home with the feel of gym and health clubs. Additionally, these bikes allow users to watch live streams of a real indoor biking class on its screen while cycling in a studio. Smart bikes also allow users to watch live and on-demand training videos on the bike’s screen. Furthermore, the user can take virtual cycling trips through iconic landscapes and tracks around the world.

Product-based segmentation and analysis of the exercise bike market

• Upright exercise bike
• Recumbent exercise bike