Global Indoor Cycling Bike Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Indoor Cycling Bike Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Indoor cycling bikes are a workout that utilizes an upright stationary bike, or Spinning Bike, with usually a heavy weight flywheel and adjustable resistance to change the desired exertion challenge level. The rider sits on an indoor bike just like any other bicycle with feet in pedals and “spins” the flywheel.

Indoor cycling bikes are an increasingly popular style of exercise bike now found in gyms and fitness centers everywhere. Indoor cycling bikes are designed to produce a forward-leaning body position that mimics the positioning on a real road bike. Additionally, a quality indoor cycling bike is typically outfitted with a heavy flywheel that produces a feeling on the pedals much like owners get when pedaling a road bike.

Indoor cycling bikes are among the most popular and effective pieces of exercise equipment available, but these indoor cycling machines are great to have at home as well, because it’s infinitely convenient.

Market Overview:

The latest research study on the global Indoor Cycling Bike market finds that the global Indoor Cycling Bike market reached a value of USD 1068.8 million in 2022. It’s expected that the market will achieve USD 1526.93 million by 2028, exhibiting a CAGR of 6.13% during the forecast period.

The Covid-19 breakout has great impact on global commodity price.

Commodity prices have decreased sharply since the release of the October 2019, hit hard by the COVID-19 outbreak in late January. This reversed a previous upward trend supported, in part, by better economic prospects. Since the outbreak, energy and metal prices have fallen sharply as measures to contain the pandemic—first in China, then worldwide—substantially reduced travel and dented global industrial activity.1 Oil prices col- lapsed further in March as the OPEC+ coalition broke down, unable to reach agreement on how to react to the weak oil demand outlook. The price impact has varied significantly across commodities, depending on the specific end-use sectors and regions affected by the outbreak and on the storability and supply elasticity of the commodity. Flight to safety has supported gold prices. The outbreak has reduced demand for some agricultural raw materials and animal feed; price sup- port was, however, provided by cereals (such as wheat) following consumer stockpiling in regions affected by COVID-19.

Base metal prices declined by 5.5 percent between August 2019 and February 2020 and by an additional 9.1 percent in March, reversing a positive trend that ended in mid-January. The shutdown of Chinese factories in February (China accounts for about half major metals global consumption) and, later, in Europe and in the United States, has weighed heavily on the demand for industrial metals. Since the outbreak, metal stocks at warehouses approved by major metal exchanges have increased notably, buffering the impact of lower demand on spot price and shifting the futures curve down significantly. The IMF annual base metals price index is projected to decrease by 10.2 percent in 2020 and by a further 4.2 percent in 2021 on expectations of a sharp decline in global industrial activity. A further and more pro- longed slowdown in metal-intensive sectors’ economic activity remains the most significant downside risk for metal prices, while supply stoppages present an upside.

Challenges

Investment by governments and fitness clubs to create cycling tracks is a prominent restraint for the global indoor cycling bikes market. Cycling tracks are especially designed for hassle free cycling and to drive comfortably on crowded roads. Live driving experience in well-designed tracks and surrounded by greenery is much preferred by people. Oxygen levels are usually high outside the building as compared to an indoor environment. Development of cycling tracks is expected to moderately affect the growth of Indoor cycling bikes in the near future.

As one of the fitness equipment, there are numerous substitutes. A range of home bikes, treadmills and barbells are popular among the fitness service providers and fitness enthusiasts. The substitute can capture market share with Indoor cycling bike, which is adverse to the development of the industry

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Peloton, Nautilus, Brunswick Corporation with the revenue market share of 47.35%, 12.41%, 10.95% in 2020.

The Peloton bike brings customers the most convenient and immersive indoor cycling experience. The Peloton Bike is built to last. If anything does happen, the bike includes a 12-month limited parts and labor warranty.

Nautilus, Inc. markets, develops, and manufactures health and fitness products. The Company offers cardio and strength fitness products and related accessories. Nautilus sells its products through direct marketing channels, its own sales force, dealers, distributors, and retailers worldwide.

Nautilus has been committed to helping people reach their fitness goals for over 40 years. What started out as a revolutionary strength machine has evolved into a company with a diverse family of strength and cardio brands. Their Nautilus®, Bowflex®, Schwinn®, Universal®, and Octane Fitness® brands deliver unique home fitness solutions designed to meet the needs of any fitness level. The products are sold through four diverse channels – retail, direct to consumers, commercial/specialty, and international. Discover what millions of households already know.

Segmentation Overview:

Among different product types,Magnetic Resistancel segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Fitness Club segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Indoor Cycling Bike market covered in Chapter 3:

Precor
BH Fitness
Assault Fitness
Keiser Corporation
Brunswick Corporation
SOLE Treadmills
Nautilus
Mad Dogg Athletics
Sunny
Peleton
Johnson Health
Paradigm Health_Wellness
IMPEX

In Chapter 4 and Chapter 14.2, on the basis of types, the Indoor Cycling Bike market from 2018 to 2029 is primarily split into:

Magnetic Resistance
Felt Pad Resistance

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Indoor Cycling Bike market from 2018 to 2029 covers:

Home
Fitness Club
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)