North America Exercise Bike Market Price Size, Share, Trends, Demand and Forecast 2020-25

Press release   •   Feb 14, 2020 04:34 EST

According to the latest report by IMARC Group, titled “North America Exercise Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the exercise bike market in North America reached a value of US$ 232 Million in 2019. Exercise bikes are a type of stationary fitness equipment that resembles an ordinary bicycle. These bikes have pedals, cranks, axles, speed sensors, belts, saddles, knobs, brakes and rollers, and offer lower impact workout as compared to regular bicycles and other fitness equipment. As a result, they are used in workouts to strengthen and tone the muscles, reduce weight, and combat medical conditions, such as hypertension.

Some of the key players Brunswick Corporation NYSE: (BC), Icon Health & Fitness Inc NASDAQ: (ICON), Nautilus NYSE: (NLS), Precor, Technogym OTCMKTS: (TCCHF).

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Owing to the sedentary lifestyles and increasing fast-food consumption, there has been an increase in the prevalence of chronic conditions, such as obesity and diabetes, in North America. This, along with the rising health concerns among individuals and the growing awareness regarding the benefits of physical activities, is impelling the market growth in the region. Additionally, these bikes offer the option of changing the resistance level, which aids people who are suffering from lower back or joint issues. Apart from this, manufacturers are introducing innovations in these bikes by incorporating a live stream video screen and other such technologically advanced features, which is anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the market to reach a value of US$ 279 Million by 2025, registering a CAGR of 3.1% during 2020-2025.

Market Breakup by Product Type:

  • Recumbent Exercise Bike
  • Upright Exercise Bike

Market Breakup by End-User:

  • Home Consumers
  • Gym/Health Clubs
  • Others

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