The exercise bike is also defined as a stationary cycle. These bikes are immovable fitness machines, similar to regular bikes, and helps human’s to improve physical health by losing weight. Exercise bikes are used as exercise devices for indoor cycling. Includes saddles, pedals, and handlebars of the type arranged like a bicycle. Exercise bikes are usually a special type of exercise equipment that resembles a bicycle without wheels. These bicycles have a variety of uses, including household consumers, gyms/health clubs, and more.
exercise bike market share Overview:
The exercise bike market share study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the exercise bike market share, as well as the reasons for variations in the industry's growth in various locations.
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Global exercise bike market share was valued at US$ 621 Mn. in 2020. Recumbent, one of the segments reviewed in our report dominated the Exercise Bike Market.
This research study makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and databases, to discover and collect excerpts acceptable for this study.
Consumers are increasingly turning to ready-to-eat meals and fast food with low nutrient content due to long work hours, sedentary lifestyles, and changing nutritional preferences. The prevalence of obesity and other chronic illnesses has increased as a result. These elements are fueling the market's demand for exercise bikes.
They give the body isotonic training, which contributes to increased cardiovascular fitness, increased heart rate, and the burning of all body fat. These elements are fueling the market expansion for exercise bikes.
With a 52% market share in terms of product in 2020, the Recumbent segment dominated the market. Customers who experience balance issues and back pain choose recumbent bikes. Your back and knees will have less stress while riding one of these bikes. These elements are fueling the market segment's expansion.
Over the course of the forecast period, the upright segment is anticipated to expand at a CAGR of 3%. This bike enables interval training, aids in fat loss, and strengthens the lower body. Throughout the forecast period, these factors are anticipated to fuel the segment's demand. Growing elderly population, rising trend of a healthy lifestyle, rising demand and disposable income, etc.
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The entire method entails an examination of the key market players' financial reports. Following the assessment of the overall market size, the market was segmented into several divisions and sub-segments and validated by key industry professionals and marketing executives. The biggest players in the exercise bike market share are as follows:
• Brunswick Corporation
• Icon Health & Fitness, Inc.
• Techno gym
• Star Trac
• Life Fitness
• Horizon Fitness
• Stamina Products, Inc.
The regional description of the exercise bike market share analysis also contains individual market influencing variables and changes in market regulations that affect current and future market trends. Current and future trends are reviewed to evaluate the overall market potential and to identify profitable trends to get a more solid footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on exercise bike market share:
End-user industries where Exercise Bike are utilized had a drop in growth from January 2020 to May 2020 in some countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant fall in the revenues of businesses operating in these industries and, as a result, in demand for Exercise Bike manufacturers, impacting the exercise bike market share's growth in 2020. With lockdowns and an increase in COVID-19 instances throughout the world, end-user business demand for Exercise Bike has declined dramatically.
Key Questions Answered in the exercise bike market share Report are:
- Which segment had the largest share in the exercise bike market share in 2021?
- What is the competitive landscape of the exercise bike market share?
- Which are the key drivers aiding the exercise bike market share growth?
- Which region has the maximum share in the exercise bike market share?
- What will be the CAGR of the exercise bike market share during the forecast period (2021-2027)?
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