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The global exercise bike market was valued at US$ 597.5 Million in 2020.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of gyms, health clubs, and exercise parks, thereby hampering the demand for exercise bikes.
We expect the global exercise bike market to exhibit a CAGR of 4.76% during 2021-2026.
Increasing consumer health consciousness due to the sedentary consumer lifestyles and hectic work schedules is primarily driving the global exercise bike market.
Based on the product type, the global exercise bike market has been bifurcated into recumbent exercise bikes and upright exercise bikes. Currently, recumbent exercise bikes hold the majority of the total market share.
Based on the end user, the global exercise bike market can be divided into home consumers, gym/health clubs, and others. Among these, home consumers currently exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global exercise bike market include Brunswick Corporation, Icon Health & Fitness, Inc., Nautilus, Precor, Technogym, etc.
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