Global Home Exercise Bike Market is a healthy growth rate of +7 % over the forecast period 2021-2027.
Home exercise bikes are stationary exercise equipment used to improve and maintain cardiovascular health. It is also used to reduce body fat. Unlike the gym variants, a home exercise bike is used to work from home. It consists of sub-sections such as saddle, handlebar, pedal and foot straps. The machine usually does not require any training prior to use, but some technical knowledge may be required to operate some variants of these devices effectively. Indoor exercise bikes fall into the category of one-time purchases for multiple consumers. Therefore, consumer demand for such products is low. spread the new Corona virus has positively affected the development of the global market. The closure of gyms and exercise centers around the world has boosted sales of domestic exercise bikes.
The growth of the home exercise bike market can be attributed to the growing population around the world. Increasing health awareness and the growing need for an active, healthy lifestyle around the world are key drivers of the fitness equipment market. Changes in sedentary lifestyle and eating habits have increased health risks. Therefore, the growing awareness of regular physical activity to maintain a healthy lifestyle has led to the development of the fitness equipment market, especially home appliances. In addition, the majority of geriatric populations in developed and developing countries use unique fitness equipment to improve their heart condition. This trend is driving the fitness equipment market significantly. However, the high cost and availability of counterfeit exercise equipment serves as the biggest hurdle in the global market. In contrast, with increasing disposable income and growing concerns about people's physical image, it is expected that domestic exercise will provide opportunities for the motorcycle market to grow.
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The Top Key Players include Home Exercise Bike Market:
- KPS Capital Partners
- Icon Health & Fitness Inc.
- Nautilus
- Precor
- Technogym
- Sunny Health and Fitness
- Body Solid
- Ciclotte
- Jhonson Health Tech
- Paradigm Health & Fitness
The Home exercise bikes market is divided into categories, cell channels and zones. Types include bikes, street bikes, double action bikes, and interactive bikes. According to the sales channel, the market is classified as online and physical stores.
By type Home Exercise Bike Market segmented to:
- Recumbent Bike
- Upright Bike
- Dual Action Bike
- Interactive Bike
- By Sales Channel:
- Online
- Physical Store
- Key Players:
- The Key manufacturers that are operating in the global Home Exercise Bike market are:
- KPS Capital Partners
- Icon Health & Fitness Inc.
- Nautilus
- Precor
- Technogym
- Sunny Health and Fitness
- Body Solid
- Ciclotte
- Jhonson Health Tech
- Paradigm Health & Fitness
- Competitive Landscape
By application Home Exercise Bike Market segmented to:
- Online
- Physical Store
Region and country level analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia etc.)
- South America (Brazil, Argentina etc.)
- Middle East & Africa (Saudi Arabia, South Africa etc.)
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According to the Home exercise bikes market forecast, the highest earning segment in 2019 was the comfortable bicycle segment, of which the largest share. Development in this segment can be attributed to features such as convenience, affordability and low pressure. Lower back and spinal motorcycle classes are expected to grow slightly over the expected period.
According to the Home Exercise Bike Market Analysis for Sales Channel, the physical store segment generated the most revenue in 2019. The dominance of this segment can be attributed to the ability of consumers to try before they buy. In addition, consumers are immediately satisfied when buying at physical outlets, which further accelerates market growth. However, the online segment is expected to see the fastest growth rate during the forecast period. This could be due to the rapid rise in online shopping addiction and increased access to the Internet worldwide.
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The aim of this study is to describe the market size of different segments and countries in recent years and to predict values for the next eight years. This report is designed to cover the qualitative and quantitative aspects of the industry in each region and country. In addition, the report provides detailed information on key aspects such as driving factors and challenges that will explain the future growth of the market. In addition, the report will include investment opportunities in micro markets for stakeholders, including a detailed analysis of the competitive landscape and product offerings from key players.
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