Scope of the Study
Indoor cycling bikes also known as spinning bikes are stationary bikes designed for exercise. Indoor cycling bikes are designed to replicate traditional cycling experiences without the need to travel outside. Paddles, saddles, seat, and weighted wheel are some of the basic features of indoor cycling bikes. Usually, indoor cycling bikes come with various options to adjust the paddle resistance and seat height. Fitness service providers and fitness enthusiasts are primary buyers of indoor cycling bikes.
The market study is being classified by Type (Magnetic Based Resistance and Friction Based Resistance), by Application (Gyms, Health clubs, Offices, Household and Others) and major geographies with country level break-up.
Wahoo Fitness (United States), Stages Cycling, LLC (United States), The Schwinn Bicycle Company (United States), Keiser Corporation (United States), ICON Health & Fitness (United States), Sunny Health and Fitness (United States), Life Fitness (United States), Peloton (United States), BH Fitness (United States) and Technogym (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Spartan ProGear (India), Marcy Pro (United States), Core Health & Fitness, LLC. (United States), Xebex Fitness (Netherland) and ZYCLE (Spain).
The market for indoor cycling bikes is fragmented with the presence of many players. Leading players can adopt strategies like a merger, acquisition, expansion, new product launch, in order to gain share within the market. Owing to booming industrialization & urbanization, there are growing prospects for new players to enter the market.The Vendors having a strong hold in the market are Wahoo Fitness, Stages Cycling, LLC, The Schwinn Bicycle Company, and Keiser Corporation. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Indoor Cycling Bike market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Indoor Cycling Bike market by Type, Application and Region.
On the basis of geography, the market of Indoor Cycling Bike 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Rising Fitness Awareness Leads to the Growth in Indoor Cycling Bikes
- The Increasing Traffic and Air Pollution is Owing to the Growth for Indoor Cycling Bikes
- Indoor Cycling Bikes Help to Decrease Cholesterol Level and Reduce Risk of Cardiovascular Diseases
- The Technological Advancements in Indoor Cycling Bikes Such as USB Charging Ports, Bluetooth Connectivity and Smart Phone Holder Tends to Growth in Indoor Cycling Bikes
- Improper Cycling Can Cause Problems with the Lower Back and Knees
- Owing To the Government Initiatives Promoting a Healthy Lifestyle There Is an Increasing Opportunity for the Growth of Indoor Cycling Bikes
- Indoor Cycling Bikes Can Cause Pain in Pelvic Bones
Market Leaders and their expansionary development strategies
In September 2019 Stages Cycling, LLC, a manufacturer of indoor cycling bikes launched a complete exercise smart bike highly adjustable ride position with the saddle and bar height and forward positioning adjustable. There are calibration marks on the bar and saddle mounts to ensure replicable set-up.
In September 2019, Wahoo Fitness, a manufacturer of indoor cycling bikes launched indoor cycling smart bike in which users can customize their front chainrings and rear cog selection to identically match the bike shifting platforms of their outdoor bikes. There are also proprietary algorithms built into the pedaling and also Out-of-the-box assembly is simple and integrated into the Wahoo App.
Key Target AudienceIndoor cycling bikes Manufacturers, New Entrants/Investors, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations and End-Use Industry
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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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