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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Increase in Health Awareness Boosting the Market Growth
The increasing health awareness and demand for active, healthy lifestyles around the world has fuelled the growth of the home exercise bike industry. One of the market's main drivers is the increasing population. Increased health risks have resulted from sedentary lifestyles and dietary changes. As a result, the growth of the home exercise bike market has been aided by increased awareness of the importance of regular physical activities in maintaining a healthy lifestyle. The emergence of COVID-19 has had a favourable impact on the global market's growth. Due to the temporary shutdown of gyms and training centres around the world, sales of home exercise bikes have increased. Consumers are relying more on fast-food items and ready-to-eat food products that are low in nutritious content and high in harmful fats because of hectic work schedules and changing eating preferences. Obesity and other chronic disorders have increased because of this. Increased health awareness among the world's population has boosted demand for exercise bikes, which provide isotonic exercise to the body and aid in boosting stamina, stimulating heart rate, and burning body fat. Other factors that are boosting the market's growth include rising purchasing power, improved lifestyles, a growing youth population, and rising diabetes and cardiac disease prevalence.
Home Exercise Bike Market Report Snapshots
Home Exercise Bike Market Size
Home Exercise Bike Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global home exercise bike market attained a value of nearly USD 1,690.02 million.
The market is projected to grow at a CAGR of 7.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3,266.12 million by 2032.
The major drivers of the market include the growing population, sedentary lifestyle, changes in eating habits, rising purchasing power, weight management, and improving body stamina.
Increase in health awareness and rise in need for active, healthy lifestyle, and rise in the cases of obesity are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on type, the market is categorised into recumbent bike, upright bike, dual action bike, and interactive bike.
The leading sales channel of the global home exercise bike industry are online and physical store.
The major players in the industry are Body Solid, Inc., Ciclotte, Paradigm Health & Wellness, Inc., and TECHNOGYM S.p.A, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124