Global Exercise Bike Market to Reach US$ 1,043.9 Million by 2032, Propelled by Rising Health Consciousness

April 05, 2023 | Healthcare

According to the latest report by IMARC Group, titled “Exercise Bike Market Report by Product Type (Recumbent Exercise Bike, Upright Exercise Bike), End User (Home Consumers, Gyms/Health Clubs, and Others), and Region 2024-2032," the global exercise bike market size reached US$ 697.0 Million in 2023. An exercise bike is a stationary fitness equipment that simulates the experience of riding a bicycle. It is comprised of several components, such as a frame, flywheel, seat, pedals, handlebars, resistance system, and digital display. An exercise bike is manufactured using various lightweight, sturdy, and durable raw materials, such as steel, aluminum, plastics, rubber, and foam. It is widely used for indoor cycling, low-impact workouts, muscle strengthening, weight loss, rehabilitation, and warm-up and cool-down activities. As compared to outdoor cycling, exercise bike enhances user convenience, allow customizations, increase safety, and prevent the risk of accidents and injuries. It also aids in improving cardiovascular health, enhancing joint flexibility, increasing coordination, and promoting better sleep. 

Global Exercise Bike Market Trends:

The rising health consciousness among the masses is one of the key factors driving the market growth. An exercise bike is widely used to strengthen core muscles, improve balance, and enhance overall fitness, which, in turn, increases energy levels, promotes better sleep, uplifts mood, and reduces stress, depression, and anxiety. In addition to this, the widespread equipment adoption in households due to hectic lifestyles and busy schedules is acting as another growth-inducing factor. Furthermore, the increasing equipment utilization to reduce weight, strengthen heart and lungs, improve blood circulation, and lower blood pressure, owing to the rising prevalence of chronic diseases, such as obesity, diabetes, cancer, respiratory ailments, and cardiovascular diseases (CVDs) is providing an impetus to the market growth. Additionally, the integration of virtual reality (VR) to allow users to ride through stimulated landscapes and compete in virtual races, which aids in increasing motivation and enhancing the workout experience, is positively influencing the market growth. Besides this, the introduction of advanced exercise bikes that utilize artificial intelligence (AI) and machine learning (ML) technologies to personalize user workouts based on performance and fitness goals is propelling the market growth. Moreover, the widespread equipment adoption among the rising geriatric population to maintain health and improve the flexibility of hip, knee, and ankle joints is creating a positive outlook for the market. Other factors, including the rising expenditure capacities of consumers, increasing investment in the research and development (R&D) of innovative exercise bikes, and easy equipment availability across e-commerce platforms, are anticipated to drive the market growth.On account of the aforementioned factors, the market value is expected to reach US$ 1,043.9 Million by 2032, exhibiting a CAGR of 4.5% during 2024-2032. 

Market Summary:

  • On the basis of the product type, the market has been bifurcated into recumbent and upright exercise bikes. Among these, recumbent exercise bike represents the largest market segment.
  • Based on the end user, the market has been classified into home consumers, gyms/health clubs, and others. Among these, home consumers accounted for the largest market share.
  • On a regional basis, the market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. At present, North America holds the largest market share.
  • The competitive landscape of the industry has also been examined, with some of the key players being Brunswick Corporation, Icon Health & Fitness, Inc., Nautilus, Precor, Technogym.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product Type, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Brunswick Corporation, Icon Health & Fitness, Inc., Nautilus, Precor and Technogym
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. 

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Global Exercise Bike Market to Reach US$ 1,043.9 Million by 2032, Propelled by Rising Health Consciousness
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