The global home exercise bike market was valued at USD 1.32 billion, and the global market size is anticipated to reach USD 2.79 billion by 2032 from USD 1.43 billion in 2024. The market's promising CAGR for the predicted period is 8.7%.
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, and the rise in the need for an active and healthy lifestyle across the world propels the growth of the market of home exercise bike market during the forecast period.
Hectic lifestyles and changes in eating habits have led to an increase the health risks, which led to an increase in awareness among people about their health which helps the growth of the market of sale of home exercise bikes revenue rate across the globe. Rising disposable income of people and growing concerns about body image among people are some of the major driving factors that help the growth of the home exercise bike market revenue rate.
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 is 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.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2032 |
|
CAGR |
8.7% |
|
Segments Covered |
Based on Type, Distribution Channels, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Nautilus, Precor, Technogym, Sunny Health and Fitness, Body-Solid, Ciclotte, KPS Capital Partners, Icon Health & Fitness Inc., Jhonson Health Tech, and Paradigm Health & Fitness. |
Among these segments, the recumbent bike segment holds the market's major share attributed to factors such as these being 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 factors such as increasing the sale of this kind of bike, especially in the North American region.
Among these segments, the physical store distribution channel segment holds the major share of the market. Some of the factors such as the consumers being able to try before purchase, and consumers getting 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 the growth of internet penetration all around the world propelling the market rate to increase more during the forecast period.
Among these regions, the North American 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.
Some of the key market players of the global home exercise bike market include Nautilus, Precor, Technogym, Sunny Health and Fitness, Body-Solid, Ciclotte, KPS Capital Partners, Icon Health & Fitness Inc., Jhonson Health Tech, and Paradigm Health & Fitness.
By Type
By Distribution Channels
By Region
Frequently Asked Questions
The global home exercise bike market is expected to be valued at USD 1433 Mn in 2024.
Major contributors to the global home exercise bike market share include North America, Europe, and Asia-Pacific, with increasing adoption in emerging markets as well.
The COVID-19 pandemic has significantly increased the demand for home exercise bikes globally as more consumers shifted towards home fitness solutions during lockdowns and social distancing measures.
In North America, key trends driving growth include the integration of virtual fitness experiences, connectivity features, and the demand for high-quality, durable equipment for home workouts.
Nautilus, Precor, Technogym, Sunny Health and Fitness, Body-Solid, Ciclotte, KPS Capital Partners, Icon Health & Fitness Inc., Jhonson Health Tech, and Paradigm Health & Fitness are some of the major players in the global home exercise bike market.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region