The market value of the Home Exercise Bike market is valued at 1213.5 million US dollars in 2021 and is expected to reach a valuation of 2335.2 million US dollars by the end of 2027, projecting to have a compound annual growth rate of 8.7% during the forecast period of 2021 to 2027. The market value of Home Exercise Bike is expected to increase more during the forecast period.
Home Exercise Bike Market Driving Factors:
One of the major driving factors of the Home Exercise Bike market is the rapid rise in awareness among people regarding physical health.
Growth in concern for obesity and hypertension and the growing trend of the muscular body are some other major driving factors of the Home Exercise Bike equipment market revenue rate in the next few years.
Factors such as the growing population around the world, rise in the need for an active and healthy lifestyle across the world propels the growth of the market of home exercise markets revenue rate during the forecast period.
Hectic lifestyle and changes in eating habits have led to an increase the health risks, which led to an increase of awareness among the people about their health which helps the growth of the market of sale of home exercise bike revenue rate across the globe.
Rising disposable income of people and growing concerns about body image among the people are some of the major driving factors that help the growth of the home exercise bike market revenue rate.
Home Exercise Bike Market Challenges:
The high cost of the equipment is one of the major restraints affecting the Home Exercise Bikes market's growth.
Another major restraint that is affecting the growth of the market was the availability of alternate products in the market that are available at cheaper rates.
Another major growth hindering factor of the Home Exercise Bike market was the threats posed by Home Exercise Bike usage to privacy issues and data leakage.
The Home Exercise Bike market is segmented on the basis of type, on the basis of sales channel, and on the basis of region.
On the basis of type, the Home Exercise Bike market is segmented into the recumbent bike, upright bike, dual-action bike, and interactive bike. Among these segments, the recumbent bike segment holds the market's major share attributed to the factors such as these are easily available, affordability, and low stress on the lower back and spine. The recumbent bike segment is expected to hold dominance during the forecast period. The upright bike segment is expected to increase the market value during the forecast period owing to the factors such as increasing the sale of this kind of bike, especially in the North American region.
On the basis of distribution channels, the Home Exercise Bike market is bifurcated into two types, namely online distribution channels, and physical stores. Among these segments, the physical store distribution channel segment holds the major share of the market. Some of the factors such as the consumers are being able to try before purchase, and also consumer get immediate gratification when they purchase through physical outlets are also expected to propel the demand of the market. On the other hand, the online distribution channel segment is expected to increase the market rate due to rapidly growing dependence on online shopping and also due to growth of internet penetration all around the world propels the market rate to increase more during the forecast period.
The Home Exercise Bike market is elaborated in various regions all around the world, such as North America (US, Mexico, Canada and rest of North America), Europe region (Germany, UK, Italy, Spain, and France), and Asia Pacific region (China, India, Japan, Australia and rest of Asia Pacific).
Among these regions, the North America region holds the major share of the market of Home Exercise Bike in terms of revenue generation owing to the rise in awareness among people regarding physical health.
Asia Pacific region holds the second-largest share of the market of Home Exercise Bike owing to the growing awareness about health and fitness. However, the stringent government regulations hamper the growth of the Home Exercise Bike market in the Asia Pacific region.
The Europe region is expected to increase the market growth during the forecast period owing to the increase of investments by the major key players.
Key market players:
Some of the key market players of the Home Exercise Bike market are Nautilus, Precor, Technogym, Sunny Health and Fitness, Body-Solid, Ciclotte, KPS Capital Partners, Icon Health & Fitness Inc., Jhonson Health Tech, and Paradigm Health & Fitness.
The spread of COVID 19 has impacted the home exercise bike market in positive and negative ways. The market shares were declined during the first half of 2020 due to strict lockdown restrictions. The ban on flights and movement restrictions impacted the shares of the market in a negative way. However, the market shares started rising post lockdown due to a rise in the awareness of healthcare—the home exercises bike market shares to reach the highest value by the end of 2021.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Home Exercises Bike Market, By Type
6.1.1 Recumbent bike
6.1.2 Upright bike
6.1.3 Dual-action bike
6.1.4 Interactive bike
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Home Exercises Bike Market, By Distribution Channel
6.2.1 Online distribution channel
6.2.2 Physical stores
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2026)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Distribution Channel
7.3.1 By Country
184.108.40.206 Rest of Europe
7.3.2 By Type
7.3.3 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Distribution Channel
7.5 Latin America
7.5.1 By Country
188.8.131.52 Rest of Latin America
7.5.2 By Type
7.5.3 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
184.108.40.206 Middle East
7.6.2 By Type
7.6.3 By Distribution Channel
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.4 Sunny Health and Fitness
8.7 KPS Capital Partners
8.8 Icon Health & Fitness Inc.
8.9 Jhonson Health Tech
8.10 Paradigm Health & Fitness
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures