Market Overview:
The global indoor smart bikes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fitness and health awareness among people, rising disposable income, and growing number of health clubs and gyms. In terms of type, the magnetic resistance segment is expected to lead the global indoor smart bikes market during the forecast period. This can be attributed to its features such as low noise level, smooth pedaling experience, and adjustable resistance levels.
Product Definition:
An Indoor Smart Bike is a stationary bike that has been fitted with sensors and software to track the rider's performance. The data collected can be used to improve the rider's cycling technique, or just to monitor their progress over time.
Magnetic Resistance:
Magnetic resistance is the new trend in the market and has been gaining popularity among consumers. It helps in improving cardiovascular health by burning calories and increasing metabolism. Indoor smart bikes with magnetic resistance have been attracting consumers due to its easy usage, durability, safety features such as preventing kids from opening the handlebar clamping system and riding away, tracking fitness progressions etc.
Felt Pad Resistance:
Resistance felt pads are used in indoor smart bikes to provide a non-motorized way of controlling the bike. The resistance is provided by thin layers of felt that are separated by springs and the whole assembly is enclosed in a protective case made from plastic or metal. The product helps in providing feedback to the rider regarding the intensity of exercise performed by capturing various parameters such as force, speed, cadence and calories burnt through sensors integrated into it.
Application Insights:
The commercial segment dominated the global indoor smart bikes market, accounting for more than 60.0% share of the overall revenue in 2017. The growth can be attributed to increasing adoption of these bicycles at sports complexes, hotels and shopping malls as well as airports and railway stations among others. These facilities provide easy access to various areas within a building which is likely to boost product demand over the forecast period.
Residential application is expected to witness significant growth over the forecast period owing to rising urbanization along with increasing number of single-family houses in developing countries including China, India.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing adoption of Indoor Smart Bikes, particularly in China and Japan. Increasing consumer preference for indoor sports such as cycling, which helps burn calories while reducing stress on knees and joints, is one of the key factors driving regional growth. Moreover, countries such as China are investing heavily in smart infrastructure projects that include bicycle sharing systems to help reduce pollution and traffic congestion problems. This factor is also expected to drive product demand over the forecast period.
Europe accounted for a significant share owing to high R&D investments by companies operating within this region coupled with technological collaborations between industry players aimed at commercializing innovative products at a relatively lower price-point compared to North America or Asia Pacific regions. For instance, Bosch partnered with an Australian company called Global Steeda Pty Ltd.
Growth Factors:
- Increasing demand for fitness and health awareness among people
- Rising disposable income of people, which leads to increased spending on luxury items such as smart bikes
- Technological advancements in the field of bicycles that offer enhanced features and better riding experience
- Growing trend of using technology for tracking fitness goals and improving overall health
- Increasing popularity of cycling as a mode of transportation
Scope Of The Report
Report Attributes
Report Details
Report Title
Indoor Smart Bikes Market Research Report
By Type
Magnetic Resistance, Felt Pad Resistance
By Application
Residential, Commercial
By Companies
Peleton, Wahoo Fitness, Tacx, Life Fitness, Nautilus, Precor, Mad Dogg Athletics, Keiser Corporation, Johnson Health, SOLE Treadmills
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Indoor Smart Bikes Market Report Segments:
The global Indoor Smart Bikes market is segmented on the basis of:
Types
Magnetic Resistance, Felt Pad Resistance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Peleton
- Wahoo Fitness
- Tacx
- Life Fitness
- Nautilus
- Precor
- Mad Dogg Athletics
- Keiser Corporation
- Johnson Health
- SOLE Treadmills
Highlights of The Indoor Smart Bikes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Magnetic Resistance
- Felt Pad Resistance
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Indoor Smart Bikes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Indoor Smart Bikes are electric bicycles that have been specifically designed to be ridden inside. They typically feature a smaller frame and battery, making them easier to ride and more compact than traditional bikes. Indoor Smart Bikes also come with features like sensors that allow the bike to track your speed, distance, and location; as well as an app that allows you to control the bike's settings.
Some of the major players in the indoor smart bikes market are Peleton, Wahoo Fitness, Tacx, Life Fitness, Nautilus, Precor, Mad Dogg Athletics, Keiser Corporation, Johnson Health, SOLE Treadmills.
The indoor smart bikes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Indoor Smart Bikes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Indoor Smart Bikes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Indoor Smart Bikes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Indoor Smart Bikes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Indoor Smart Bikes Market Size & Forecast, 2020-2028
4.5.1 Indoor Smart Bikes Market Size and Y-o-Y Growth
4.5.2 Indoor Smart Bikes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Magnetic Resistance
5.2.2 Felt Pad Resistance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Indoor Smart Bikes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Indoor Smart Bikes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Magnetic Resistance
9.6.2 Felt Pad Resistance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Magnetic Resistance
10.6.2 Felt Pad Resistance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Magnetic Resistance
11.6.2 Felt Pad Resistance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Magnetic Resistance
12.6.2 Felt Pad Resistance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Magnetic Resistance
13.6.2 Felt Pad Resistance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Indoor Smart Bikes Market: Competitive Dashboard
14.2 Global Indoor Smart Bikes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Peleton
14.3.2 Wahoo Fitness
14.3.3 Tacx
14.3.4 Life Fitness
14.3.5 Nautilus
14.3.6 Precor
14.3.7 Mad Dogg Athletics
14.3.8 Keiser Corporation
14.3.9 Johnson Health
14.3.10 SOLE Treadmills
