Homeexercise bikes are stationary exercise equipment used to improve andmaintain cardiovascular health. It is also used to reduce body fat. Unlike thegym variants, a home exercise bike is used to work from home. It consists ofsub-sections such as saddle, handlebar, pedal and foot straps. The machineusually does not require any training prior to use, but some technicalknowledge may be required to operate some variants of these deviceseffectively. Indoor exercise bikes fall into the category of one-time purchasesfor multiple consumers. Therefore, consumer demand for such products is low.spread the new Corona virus has positively affected the development of theglobal market. The closure of gyms and exercise centers around the world hasboosted sales of domestic exercise bikes.
The growth of the home exercise bike market can beattributed to the growing population around the world. Increasing healthawareness and the growing need for an active, healthy lifestyle around theworld are key drivers of the fitness equipment market. Changes in sedentarylifestyle and eating habits have increased health risks. Therefore, the growingawareness of regular physical activity to maintain a healthy lifestyle has ledto the development of the fitness equipment market, especially home appliances.In addition, the majority of geriatric populations in developed and developingcountries use unique fitness equipment to improve their heart condition. Thistrend is driving the fitness equipment market significantly. However, the highcost and availability of counterfeit exercise equipment serves as the biggesthurdle in the global market. In contrast, with increasing disposable income andgrowing concerns about people's physical image, it is expected that domesticexercise will provide opportunities for the motorcycle market to grow.
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The Top Key Players include Home Exercise Bike Market:
- KPS Capital Partners
- Icon Health & Fitness Inc.
- Nautilus
- Precor
- Technogym
- Sunny Health and Fitness
- Body Solid
- Ciclotte
- Jhonson Health Tech
- Paradigm Health & Fitness
The Home exercise bikes market is divided into categories, cell channels andzones. Types include bikes, street bikes, double action bikes, and interactivebikes. According to the sales channel, the market is classified as online andphysical stores.
Bytype Home Exercise Bike Market segmented to:
- Recumbent Bike
- Upright Bike
- Dual Action Bike
- Interactive Bike
- By Sales Channel:
- Online
- Physical Store
- Key Players:
- The Key manufacturers that are operating in the global Home Exercise Bike market are:
- KPS Capital Partners
- Icon Health & Fitness Inc.
- Nautilus
- Precor
- Technogym
- Sunny Health and Fitness
- Body Solid
- Ciclotte
- Jhonson Health Tech
- Paradigm Health & Fitness
- Competitive Landscape
By application Home Exercise Bike Market segmented to:
- Online
- Physical Store
Region and country levelanalysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia etc.)
- South America (Brazil, Argentina etc.)
- Middle East & Africa (Saudi Arabia, South Africa etc.)
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According to the Homeexercise bikes market forecast, the highest earning segment in 2019 was the comfortablebicycle segment, of which the largest share. Development in this segment can beattributed to features such as convenience, affordability and low pressure.Lower back and spinal motorcycle classes are expected to grow slightly over theexpected period.
According to the Home Exercise Bike Market Analysis for Sales Channel,the physical store segment generated the most revenue in 2019. The dominance ofthis segment can be attributed to the ability of consumers to try before theybuy. In addition, consumers are immediately satisfied when buying at physicaloutlets, which further accelerates market growth. However, the online segmentis expected to see the fastest growth rate during the forecast period. Thiscould be due to the rapid rise in online shopping addiction and increasedaccess to the Internet worldwide.
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The aim of this study is to describe themarket size of different segments and countries in recent years and to predictvalues for the next eight years. This report is designed to cover thequalitative and quantitative aspects of the industry in each region andcountry. In addition, the report provides detailed information on key aspectssuch as driving factors and challenges that will explain the future growth ofthe market. In addition, the report will include investment opportunities in micromarkets for stakeholders, including a detailed analysis of the competitive landscapeand product offerings from key players.
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