Market Overview:
The global recumbent bike 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 awareness about the health benefits of recumbent bikes, rising disposable income, and growing demand for fitness equipment. By type, the delta trikes segment is expected to lead the global recumbent bike market during the forecast period owing to its high popularity among consumers. By application, fitness is expected to be the largest segment of the global recumbent bike market during 2018-2030 owing to rising awareness about health and fitness among consumers across regions.
Product Definition:
A recumbent bike is a bicycle that places the rider in a reclined position. This can be done by either having the rider sit in a seat that is lower than a traditional bicycle saddle, or by having the pedals located further back than on a standard upright bicycle. Recumbent bikes are designed to make riding more comfortable, and often provide more support for the upper body than an upright bike.
Delta Trikes:
Delta trikes are a type of electric bicycle that has three wheels and is usually designed to be pedaled with the help of a handlebar attached to the front fork. The name “delta” comes from Greek word which means “change” and refers to the fact that these bikes can change their form by transforming their seat and handlebars.
Disk or drum brakes:
Disk or drum brakes are used in recumbent bikes to provide the necessary braking force while offering a comfortable and safe experience to the rider. The design of these brakes varies according to the requirements of different types of vehicles. For instance, disk-based bicycle caliper handbrakes have vertical walls that make contact with either side of a disk mounted on an axle between them; this system is commonly used in automobiles as it offers better leverage than a single shoe brake.
Application Insights:
The fitness application segment dominated the global recumbent bike market in 2017. This is attributed to the increasing number of health clubs and gyms that are incorporating this equipment for their members. Moreover, a large number of people prefer indoor cycling as it burns more calories than outdoor cycling. According to a study published in Medicine & Science in Sports & Exercise, cyclists who rode at an intensity level of around 85% VO2max burned about 20% more calories per hour than those who cycled at 55% VO2 max. The common use segment is expected to witness significant growth over the forecast period owing to rising disposable income among consumers across various regions including North America and Europe.
In addition, growing urbanization has resulted in an increased need for recreational activities such as yoga and pilates which have introduced people from all age groups to exercise on bikes with little or no training wheels thus boosting demand further among other applications such as shopping (carrying heavy loads) or cleaning (moving furniture).
Regional Analysis:
North America dominated the global market in 2017 owing to the high rate of obesity and inactivity. According to WHO, around one-third of adults are obese and about 77 million Americans suffer from heart diseases, which is on a rise due to sedentary lifestyle. Thus, people are now more conscious regarding their health and fitness so they prefer riding recumbent bikes for cardiovascular workout as well as weight loss. Moreover, presence of a large number of manufacturers coupled with increasing popularity among celebrities also boosts regional growth.
Asia Pacific is expected to be the fastest growing region over the forecast period owing to rising disposable income especially in developing countries such as China & India along with changing consumer lifestyle preferences towards healthy food products that promote weight loss rather than unhealthy foods that promote obesity such as burgers & fries or chocolate bars etc.
Growth Factors:
- Increasing health awareness and the consequent rise in demand for fitness equipment.
- Growing popularity of cycling as a mode of transportation, especially in developed countries.
- Rising disposable income levels of consumers, which has led to an increase in spending on fitness equipment.
- Technological advancements that have made recumbent bikes more affordable and easier to use than ever before.
- The increasing number of health clubs and gyms that are offering recumbent bikes as part of their workout regimes
Scope Of The Report
Report Attributes
Report Details
Report Title
Recumbent Bike Market Research Report
By Type
Delta Trikes, Disk or drum brakes
By Application
Fitness, Common use, Others
By Companies
ICE, Gekko fx, Sun Seeker Bicycles, TerraTrike, JOUTA, Challenge Recumbents
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Recumbent Bike Market Report Segments:
The global Recumbent Bike market is segmented on the basis of:
Types
Delta Trikes, Disk or drum brakes
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
Fitness, Common use, Others
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:
- ICE
- Gekko fx
- Sun Seeker Bicycles
- TerraTrike
- JOUTA
- Challenge Recumbents
Highlights of The Recumbent Bike 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:
- Delta Trikes
- Disk or drum brakes
- By Application:
- Fitness
- Common use
- Others
- 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 Recumbent Bike 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?
A recumbent bike is a type of bicycle that has been designed to be ridden in a reclining position. This allows the rider to take advantage of the natural motion of the bike while providing more comfort and stability than traditional bicycles.
Some of the key players operating in the recumbent bike market are ICE, Gekko fx, Sun Seeker Bicycles, TerraTrike, JOUTA, Challenge Recumbents.
The recumbent bike market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Recumbent Bike 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. Recumbent Bike Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Recumbent Bike Market - Supply Chain
4.5. Global Recumbent Bike Market Forecast
4.5.1. Recumbent Bike Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Recumbent Bike Market Size (000 Units) and Y-o-Y Growth
4.5.3. Recumbent Bike Market Absolute $ Opportunity
5. Global Recumbent Bike 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. Recumbent Bike Market Size and Volume Forecast by Type
5.3.1. Delta Trikes
5.3.2. Disk or drum brakes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Recumbent Bike 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. Recumbent Bike Market Size and Volume Forecast by Application
6.3.1. Fitness
6.3.2. Common use
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Recumbent Bike 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. Recumbent Bike 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 Recumbent Bike 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. Recumbent Bike 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 Recumbent Bike Demand Share Forecast, 2019-2026
9. North America Recumbent Bike 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 Recumbent Bike 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 Recumbent Bike Market Size and Volume Forecast by Application
9.4.1. Fitness
9.4.2. Common use
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Recumbent Bike Market Size and Volume Forecast by Type
9.7.1. Delta Trikes
9.7.2. Disk or drum brakes
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 Recumbent Bike Demand Share Forecast, 2019-2026
10. Latin America Recumbent Bike 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 Recumbent Bike 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 Recumbent Bike Market Size and Volume Forecast by Application
10.4.1. Fitness
10.4.2. Common use
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Recumbent Bike Market Size and Volume Forecast by Type
10.7.1. Delta Trikes
10.7.2. Disk or drum brakes
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 Recumbent Bike Demand Share Forecast, 2019-2026
11. Europe Recumbent Bike 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 Recumbent Bike 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 Recumbent Bike Market Size and Volume Forecast by Application
11.4.1. Fitness
11.4.2. Common use
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Recumbent Bike Market Size and Volume Forecast by Type
11.7.1. Delta Trikes
11.7.2. Disk or drum brakes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth 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 Recumbent Bike Demand Share, 2019-2026
12. Asia Pacific Recumbent Bike 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 Recumbent Bike 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 Recumbent Bike Market Size and Volume Forecast by Application
12.4.1. Fitness
12.4.2. Common use
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Recumbent Bike Market Size and Volume Forecast by Type
12.7.1. Delta Trikes
12.7.2. Disk or drum brakes
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 Recumbent Bike Demand Share, 2019-2026
13. Middle East & Africa Recumbent Bike 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 Recumbent Bike 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 Recumbent Bike Market Size and Volume Forecast by Application
13.4.1. Fitness
13.4.2. Common use
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Recumbent Bike Market Size and Volume Forecast by Type
13.7.1. Delta Trikes
13.7.2. Disk or drum brakes
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 Recumbent Bike Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Recumbent Bike Market: Market Share Analysis
14.2. Recumbent Bike Distributors and Customers
14.3. Recumbent Bike Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ICE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gekko fx
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sun Seeker Bicycles
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TerraTrike
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JOUTA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Challenge Recumbents
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
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
