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

The recumbent exercise bike segment dominated the market and accounted for more than 54% of the market share during 2015. People with lower back pain and balance issues prefer recumbent exercise bikes as they are more comfortable and puts less stress on the back and knees than the upright exercise bikes. Factors such as the growing older population will contribute to the growth of this market segment in the next four years.

Geographical segmentation and analysis of the exercise bike market

• APAC
• Europe
• North America
• ROW

During 2015, North America dominated the global exercise bike market and is expected to reach more than USD 247 million by 2020. Factors such as increasing instances of obesity-related diseases and growing health awareness among the population will propel the growth of this market in the region.

Competitive landscape and key vendors

The global exercise bike market is moderately fragmented; however, market penetration is growing due to the consolidation of some key players. The vendors in this market compete in terms of price, quality, product differentiation, distribution, and promotion to gain maximum market prominence during the forecast period. The competitive environment is likely to intensify with an increase in product or service extensions, product innovations, and M&A activities.

Some of the exercise bike manufacturers in the market are 

• Brunswick
• ICON Health & Fitness
• Nautilus
• Precor
• Technogym

Other prominent vendors in the market include Asian Sports & Enterprises, Bladez Fitness, Body-Solid, Ciclotte, Jerai Fitness, Johnson Health Tech, and Ketller.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global exercise bike market?
• What are the key market trends impacting the growth of the global exercise bike market?
• What are the challenges to market growth for the global exercise bike market?
• Who are the key vendors in the global exercise bike market?
• What are the market opportunities and threats faced by the vendors in the global exercise bike market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global exercise bike market?

Technavio also offers customization on reports based on specific client requirement.

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