Global Home Exercise Bike Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.

“Global Home Exercise Bike Market Report and Forecast 2022-2027”

Global Home Exercise Bike Market To Be Driven By The Growing Health Awareness In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Home Exercise Bike Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global home exercise bike market, assessing the market based on its segments like types, sales channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 7.7%

The rising health awareness owing to the growing prevalence of various health-related issues is driving the market for home exercise bike. With the growing focus on holistic wellbeing, weight management, and improving muscular strength and body stamina, the demand for home exercise bikes is significantly surging. The market growth can also be attributed to the emerging trend of preventative healthcare due to the rising healthcare costs, which is bolstering the focus on fitness activities. Moreover, the growing adoption of specialised home exercise bikes by the rising geriatric population in both developing and developed countries is propelling the growth of the market.

Industry Definition and Major Segments

A home exercise bike, variously known as a stationary bike, is cardiovascular equipment that offers full-body workout. It is typically used for no-impact aerobic workouts to tone and strengthen the muscles of the lower body. It is easy to use and requires low maintenance. Moreover, home exercise bikes find extensive use in spin workouts.

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The market, based on type, is divided into:

• Recumbent Bike
• Upright Bike
• Dual Action Bike
• Interactive Bike

By sales channel, the market is segmented into:

• Online
• Physical Store

The regional markets of home exercise bike are:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The market growth of home exercise bike can be attributed to the growing focus on active and healthy lifestyles across the globe. The rising awareness regarding the harmful health effects of sedentary lifestyles is also increasing the demand for home exercise bikes. With the growing trend of home workouts in the wake of the COVID-19 outbreak, the market for home exercise bike is witnessing robust growth. Moreover, the surging awareness regarding the benefits of such bikes in boosting stamina, burning body fat, and stimulating heart rate is expected to significantly contribute to the growth of the market in the forecast period.

Key Market Players

The major players in the market are Body Solid, Inc., Ciclotte, Paradigm Health & Wellness, Inc., and TECHNOGYM S.p.A, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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