Scope of the Study
Exercise bike is also known as stationary bicycle or spinning bike which is used as an exercise equipment. It is a one of the best ways to get daily cardio. Exercise bikes are becoming popular because of light weight, easy to use and easy to storage. Exercise bikes have more advanced features like customizable fitness programs, built-in heart rate monitors, cooling fans etc. Health benefits of the exercise bikes involves energy boosting, ease on the joint, weight loss, heart and health benefits.
The market study is being classified by Type (Recumbent Exercise Bikes, Upright Exercise Bikes and Others), by Application (Home Consumers and Gym/Health Clubs) and major geographies with country level break-up.
Brunswick (United States), ICON Health & Fitness (United States), Nautilus, Inc. (United States), Precor (United States), Technogym (Italy), BH Fitness (United States), Body-Solid, Inc. (United States), Life Fitness (United States), Decathlon Group (France) and Target Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sears (United States), NordicTrack (United States) and Cybex International (United States).
AdvanceMarketAnalytics has segmented the market of Global Exercise bikes market by Type, Application and Region.
On the basis of geography, the market of Exercise bikes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Chanel, the sub-segment i.e. Online will boost the Exercise bikes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Health Awareness among the People
- Increasing Obesity Rate Worldwide
- Rising Number of Fitness Clubs
- Demand for Exercise Bikes with Improved Features
- High Cost of Bikes with Advanced Technologies
- Rising Number of Fitness Clubs, Gyms and Health Centers
- Increasing Number of People with Busy Lifestyle
- Unawareness about the Exercise Bikes in Rural Population
Market Leaders and their expansionary development strategies
On 20th January 2016, Brunswick Corporation acquired Cybex International Inc., a leading maker of commercial fitness equipment. Cybex will join Brunswick’s Life Fitness Division’s portfolio of leading brands. Addition of premium brand provides broader product portfolio, synergies for growth and cost reduction efficiencies.
On 10th May 2018, Peloton launched its smart exercise bike in the United Kingdom and Canada. This new smart exercise bikes has advanced features like full touch screen, camera, built-in-microphone etc.
Key Target AudienceExercise Bikes Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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