According to the latest report by IMARC Group, titled "North America Exercise Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the North America exercise bike market size reached US$ 232 Million in 2019. An exercise bike refers to the stationary cardiovascular equipment that resembles a regular bike. It is an immobile fitness machine that is used for a low-impact aerobic workout. Also known as exercycle or stationary bike, it consists of numerous sub-parts, namely pedals, saddle, handlebars and foot straps. Since it is more convenient than other gymnasium equipment, it is widely being used by individuals who suffer from lower back or joint issues. Its usage does not require much skill, balance and coordination, which makes it ideal for beginners. Exercising regularly with these bikes aids in improving the overall fitness of the body by efficiently managing weight and reducing the chances of developing lifestyle diseases.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
North America Exercise Bike Market Trends:
The market is primarily driven by the increasing incidences of obesity and other lifestyle diseases in the North American region. This can be attributed to the sedentary lifestyles led by the masses and unhealthy dietary preferences. However, the growing health consciousness among individuals has impelled them to join gyms and lead an active lifestyle. As exercise bikes are widely being installed across gyms for boosting stamina and stimulating heart rate while burning the body fat of users, it is providing a thrust to the market growth. Apart from this, there has been a growing inclination of the masses toward home workout sessions in the region. A significant number of individuals are now hiring personal trainers and investing in basic gym equipment, such as treadmills and exercise bikes, to work out from the convenience of their homes. This trend, coupled with the hectic lifestyles and inflating disposable incomes, is creating a positive outlook for the market. Furthermore, these bikes are now being equipped with advanced technologies and features, such as live streaming and virtual reality (VR), which is acting as a major growth-inducing factor. On account of the aforementioned factors, the market is expected to reach a value of US$ 279 Million by 2025, registering a CAGR of 3.1% during 2020-2025.
- Based on the product type, the market has been bifurcated into recumbent and upright exercise bikes.
- On the basis of the end user, the market has been divided into home consumers, gyms/health clubs and others.
- On the geographical front, the market has been segmented into the United States and Canada.
- The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players operating in the market.
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