The exercise bike market has witnessed significant growth in recent years, driven by an increasing focus on fitness and health-conscious lifestyles. Exercise bikes offer a convenient and accessible way for people to engage in cardiovascular workouts from the comfort of their homes or fitness facilities.
The exercise bike market is expected to be growing at a growth rate of 13.80% in the forecast period of 2022 to 2029.
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Some of the major players operating in the exercise bike market are TECHNOGYM S.p.A, Brunswick Corporation, Icon Health & Fitness, Peloton, Nautilus Inc., Precor Incorporated, Core Health & Fitness, LLC, Life Fitness., Horizon Fitness., Stamina Products, Inc., NordicTrack, Schwinn, iFIT Health & Fitness, Marcypro, Rogue Fitness, Cosco (India) Limited, SHUA, Fitness Factory, Body-Solid Inc., Ciclotte, JERAI FITNESS PVT. LTD, KETTLER, and Johnson Health Tech, among others.
Global Exercise Bike Market Scope and Market Size
The exercise bike market is segmented on the basis of product, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the exercise bike market is segmented into recumbent exercise bikes, upright exercise bikes and others.
- The exercise bike market is also segmented on the basis of application into home consumers, gyms and health clubs.
- On the basis of distribution channel, the exercise bike market is segmented into online and offline.
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Exercise Bike Market Country Level Analysis
The exercise bike market is analysed and market size insights and trends are provided by country, product, application and distribution channel as referenced above.
The countries covered in the exercise bike market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is predicted to continue a dominant position among other regions worldwide. This is attributable to the increasing number of cases of obesity and various other diseases in this region. Additionally, shifting focus consumers towards a healthy lifestyle and increasing disposable income will further propel the market’s growth rate in this region. Asia-Pacific, on the other hand is anticipated to grow at a fastest rate during the forecast period of 2022-2029 due to rising fitness boutiques and gym chains that offer virtual training and rising awareness about health among consumers in this region.
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