Market Overview:
The global indoor cycles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fitness equipment, rising awareness about health and fitness, and growing number of gyms and sports centers. In terms of type, the upright bikes segment is expected to lead the global indoor cycles market during the forecast period owing to its low cost and easy-to-use features. In terms of application, gym segment is expected to lead the global indoor cycles market due in part to growing number of health clubs across the globe.
Product Definition:
Indoor cycles are stationary bikes that cyclists use to train indoors. They are often found in spin classes, where the instructor leads the class in a workout. Indoor cycles can also be used for individual training. They provide a great cardio workout and can help cyclists improve their cycling performance.
Recumbent Bikes:
Recumbent bikes, also called indoor cycles or reclined cycles are a type of stationary bicycle that is designed to be used in the comfort of your home. They are different from upright bikes as they have seating in the riding position with the pedals at the feet instead of behind or to either side. The design offers more balance and stability making them easier to control while riding.
The global recumbent bikes market size was valued at USD 3,15 million in 2016.
Upright Bikes:
Upright bikes, also known as indoor cycles or spin bikes, are bicycles that are used for training and exercise. They have one or more seats and a handlebar through which the rider can propel his/herself with the help of pedals. The design of these cycles is usually quite simple with no unnecessary frills to get in the way. Some models do not have a rear wheel like some balance bikes but instead have two tandem wheels side by side like a tricycle.
Application Insights:
The gym application segment dominated the global market in 2017. The sports center or gym is one of the primary places where people go to exercise. According to a study published by the American College of Sports Medicine, it was estimated that around 92% of adults have a regular fitness routine at their place of work and about 70% workout at least three times a week at gyms or health clubs. Thus, Indoor Cycles are expected to witness significant demand from gyms over the forecast period as they provide an efficient cardiovascular workout while reducing impact on joints and bones due to less weight being applied on them during cycling.
The school application segment is expected register notable growth over the forecast period owing to increasing number students preferring indoor cycles due to safety concerns regarding student¢â‚¬â„¢s safety while traveling in buses.
Regional Analysis:
Asia Pacific dominated the global indoor cycles market in 2016 and is expected to continue its dominance over the forecast period. This can be attributed to increasing health awareness, rising disposable income of consumers, and expansion of international retail chains in this region. Moreover, a growing number of fitness clubs are propelling regional growth. China has more than 13 million fitness clubs as compared to United States who have only 6 million+ gyms (24).
North America accounted for a significant share owing to high demand from U.S., which is one of the most developed countries with high purchasing power parity per capita income level (,890) as compared to other countries such as Mexico and Canada where per capita incomes are lower than that of U.S (PPP GDP) (25).
Growth Factors:
- Increasing health awareness and the need for physical fitness: The global population is increasingly becoming health conscious. This has led to a rise in demand for fitness equipment such as indoor cycles.
- Growing popularity of cycling as a form of exercise: Cycling is considered to be one of the most effective forms of exercise, and its popularity is growing rapidly across the world. This is driving demand for indoor cycles.
- Rising disposable income: A growing number of people have disposable income that they are willing to spend on fitness equipment such as indoor cycles. This is contributing to the growth of the market for indoor cycles worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Indoor Cycles Market Research Report
By Type
Recumbent Bikes, Upright Bikes
By Application
Gym, School, Community, Sports Center, Home Use
By Companies
Precor, Life Fitness, Waters Fitness, Keiser, Nautilus Inc., Sunny, Diamondback Fitness, Technogym, Cybex International
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Indoor Cycles Market Report Segments:
The global Indoor Cycles market is segmented on the basis of:
Types
Recumbent Bikes, Upright Bikes
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
Gym, School, Community, Sports Center, Home Use
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:
- Precor
- Life Fitness
- Waters Fitness
- Keiser
- Nautilus Inc.
- Sunny
- Diamondback Fitness
- Technogym
- Cybex International
Highlights of The Indoor Cycles 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:
- Recumbent Bikes
- Upright Bikes
- By Application:
- Gym
- School
- Community
- Sports Center
- Home Use
- 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 Cycles 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 cycles are stationary bicycles that you can use at home. They are a great way to get your cardio and muscle-building workout in without leaving the comfort of your own home.
Some of the major companies in the indoor cycles market are Precor, Life Fitness, Waters Fitness, Keiser, Nautilus Inc., Sunny, Diamondback Fitness, Technogym, Cybex International.
The indoor cycles market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Indoor Cycles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Indoor Cycles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Indoor Cycles Market - Supply Chain
4.5. Global Indoor Cycles Market Forecast
4.5.1. Indoor Cycles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Indoor Cycles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Indoor Cycles Market Absolute $ Opportunity
5. Global Indoor Cycles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Indoor Cycles Market Size and Volume Forecast by Type
5.3.1. Recumbent Bikes
5.3.2. Upright Bikes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Indoor Cycles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Indoor Cycles Market Size and Volume Forecast by Application
6.3.1. Gym
6.3.2. School
6.3.3. Community
6.3.4. Sports Center
6.3.5. Home Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Indoor Cycles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Indoor Cycles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Indoor Cycles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Indoor Cycles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Indoor Cycles Demand Share Forecast, 2019-2026
9. North America Indoor Cycles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Indoor Cycles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Indoor Cycles Market Size and Volume Forecast by Application
9.4.1. Gym
9.4.2. School
9.4.3. Community
9.4.4. Sports Center
9.4.5. Home Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Indoor Cycles Market Size and Volume Forecast by Type
9.7.1. Recumbent Bikes
9.7.2. Upright Bikes
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Indoor Cycles Demand Share Forecast, 2019-2026
10. Latin America Indoor Cycles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Indoor Cycles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Indoor Cycles Market Size and Volume Forecast by Application
10.4.1. Gym
10.4.2. School
10.4.3. Community
10.4.4. Sports Center
10.4.5. Home Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Indoor Cycles Market Size and Volume Forecast by Type
10.7.1. Recumbent Bikes
10.7.2. Upright Bikes
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Indoor Cycles Demand Share Forecast, 2019-2026
11. Europe Indoor Cycles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Indoor Cycles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Indoor Cycles Market Size and Volume Forecast by Application
11.4.1. Gym
11.4.2. School
11.4.3. Community
11.4.4. Sports Center
11.4.5. Home Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Indoor Cycles Market Size and Volume Forecast by Type
11.7.1. Recumbent Bikes
11.7.2. Upright Bikes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market AttractivenessGrowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Indoor Cycles Demand Share, 2019-2026
12. Asia Pacific Indoor Cycles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Indoor Cycles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Indoor Cycles Market Size and Volume Forecast by Application
12.4.1. Gym
12.4.2. School
12.4.3. Community
12.4.4. Sports Center
12.4.5. Home Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Indoor Cycles Market Size and Volume Forecast by Type
12.7.1. Recumbent Bikes
12.7.2. Upright Bikes
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Indoor Cycles Demand Share, 2019-2026
13. Middle East & Africa Indoor Cycles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Indoor Cycles Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Indoor Cycles Market Size and Volume Forecast by Application
13.4.1. Gym
13.4.2. School
13.4.3. Community
13.4.4. Sports Center
13.4.5. Home Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Indoor Cycles Market Size and Volume Forecast by Type
13.7.1. Recumbent Bikes
13.7.2. Upright Bikes
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Indoor Cycles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Indoor Cycles Market: Market Share Analysis
14.2. Indoor Cycles Distributors and Customers
14.3. Indoor Cycles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Precor
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Life Fitness
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Waters Fitness
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Keiser
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nautilus Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sunny
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Diamondback Fitness
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Technogym
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cybex International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
