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Global Exercise Bike Market Catalyzed by Rising Number of Lifestyle Diseases

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Global Exercise Bike Market Catalyzed by Rising Number of Lifestyle Diseases

The global exercise bike market has witnessed a healthy growth over the past several years. This canbe accredited to the rising health issues, growing trend of fitness clubs, product innovations andinflating disposable incomes.

The latest report by IMARC Group, titled “Exercise Bike Market: Global Industry Trends, Share, Size,Growth, Opportunity and Forecast 2017-2022”, finds that the global exercise bike market reached avalue of US$ 476 Million in 2016. Exercise bike, also known as exercise bicycle, spinning bike, spin bike,or exercycle, is a stationary device similar to a bicycle and consisting of a saddle, pedals, and someform of handlebars. These bikes are used as an exercise equipment for the purpose of increasinggeneral fitness and training. The recurring cycling motion results in burning fat and exercising themuscles. This low-impact, safe, and effective cardiovascular exercise provided by the exercise bikes hasmade them highly popular across the globe.

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Highlights of the global exercise bike market:

• Increasing health awareness among the consumers remains the key growth inducing factor.• Recumbent exercise bikes represent the most popular product type.• North America is the leading market, holding the majority of the total share.

The global exercise bike market is driven by the growing number of lifestyle diseases such as obesity,diabetes, hypertension and stress, and the subsequent health consciousness among the consumers.In line with this, rising number of fitness clubs, gyms and health centers have stimulated the demandfor exercise bikes globally. Moreover, manufacturers are now working extensively on productinnovations, to widen their consumer base. Some of the new technologies include bikes that allowthe rider to watch live stream videos on its screen while cycling in the studio, or cycle throughdifferent landscapes around the world by virtual reality. Additionally, on account of surgingdisposable incomes, consumers are now willing to spend more on their fitness and also prefer toown private equipment within the comfort of their homes. Owing to the abovementioned factors,the market is expected to reach a value of US$ 575 Million by 2022, exhibiting a CAGR of more than3% during 2017-2022.

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The market has been segmented on the basis of product type, including recumbent exercise bikes, upright exercise bikes and others such as indoor bikes, dual action stationary bikes, etc. Amongst these, recumbent exercise bikes represent the most popular product type. Based on applications, the home consumers segment accounts for the largest share, followed by gyms/health clubs. Region-wise, North America represents the leading market, followed by Europe and Asia Pacific. Other regions include Latin America, and Middle East and Africa. On evaluating the competitive landscape of the market, it is found that Brunswick Corporation, Icon Health & Fitness, Inc., Nautilus, Precor and Technogym are the key players operative in the market.

The report by IMARC Group has examined the global exercise bike market on the basis of:

Product Type:

• Recumbent Exercise Bikes• Upright Exercise Bikes• Others (Dual Action Stationary Bikes, Indoor Bikes, etc.)

Applications:

• Home Consumers• Gyms/Health Clubs

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Region:

• North America• Europe• Asia Pacific• Latin America• Middle East and Africa

Key Players:

• Brunswick Corporation• Icon Health & Fitness, Inc.• Nautilus• Precor• Technogym

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