The stationary bike is also called as exercise bicycle used for exercise and physical therapy as it is safe and effective for cardiovascular exercise and is considers as a minimal impact workout device. Furthermore, it is an equipment that allows an individual to exercise by cycling in place. Stationary bike Instead of moving remain secured in place as the operator cycles the pedals. There are diverse types of exercise bikes available, some of which have handlebars connected to the pedal, allowing the operator to exercise both his or her legs and upper body.

STATIONARY BIKE MARKET OUTLOOK

The stationary bike market is primarily driven by factors such as increasing disposable income, significant shift of consumers toward healthy lifestyle and increasing rate of obesity globally. Additionally, rising perveance of diabetes and cardiac diseases coupled with increasing health awareness leading to increasing number of health clubs/gyms numbers further boost the stationary bike market during the forecast period. However, lack of research and development (RD) facilities and poor after sales services provided are the major factors hindering the growth of the market.

STATIONARY BIKE MARKET SEGMENTAL OVERVIEW

The report analyses the stationary bike market based on type, pricing, end user and geography. The market size is estimated and forecasted by utilizing fundamental inputs gathered from comprehensive data extraction from both free and paid sources which are further validated by primary interviews and various macro-economic factors which affects the market. Market data extraction was not limited to stationary bicycle market but also includes information related to various markets which affects or influences the relative growth of the market. Free sources like association, standardization institutions and key company websites, annual reports, journals, etc. were used for data extraction. Likewise, paid sources such as Factiva, Bloomberg, One Source etc. were also used. 

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STATIONARY BIKE MARKET BY TYPE

The report analyses the global stationary bike market by types into upright exercise bike, recumbent exercise bike and others. Others including dual action stationary bike and indoor bike etc. The recumbent exercise bike segment dominates the market and accounted for the largest share in 2017. Factors such as increasing demand of recumbents exercise bikes in gyms and fitness clubs. Furthermore, these bikes are very feasible for home/ individual users. 

STATIONARY BIKE MARKET BY PRICING

Based on price, the global stationary bike market is bifurcated into premium exercise bike and budgeted exercise bike. The budgeted exercise bike segment is anticipated to grow at a faster pace during the forecast period due to its low prices and increasing demand from developing countries. 

STATIONARY BIKE MARKET BY END USER

By end users, the stationary bike market is categorized into vertical markets, health clubs/gyms and home/ individual users. The health clubs/gyms and home/ individual segment is anticipated to be the fastest growing segment and register for highest CAGR during the forecast period. New product development by key market players that are more user friendly and rising expenditure on fitness equipment’s for personal use are the promising factors leading to the growth of the health clubs/gyms and home/ individual end user segment in the global stationary bike segment. 

STATIONARY BIKE MARKET BY GEOGRAPHY

By geography the stationary bike market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of the World. Rest of the world including Middle East Africa and Latin America. North America dominates the global stationary bike market. The largest share of North America is primarily attributed to rising number of health club increasing rate of obesity in developed countries like United State and Canada.

STATIONARY BIKE MARKET KEY PLAYERS

The key companies operating in the stationary bike market that are profiled in the report are Advanced Fitness Group, Bladez Fitness, Cybex International, Horizon Fitness, Kettler, Lifecore Fitness, Nautilus, Precor and Life Fitness. Brunswick Corporation, Icon Health Fitness, Inc., Nautilus, Precor and Technogym are the key players and accounted for considerable market of the global stationary bike market. Technological advancement, research development and mergers are the prominent strategies adopted by the market players to increase the customer base. Additionally, stationary bike market players are adopting various strategies based on price, quality, product innovations, and customized product development to attract and retain the customers.

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