North America Exercise Bike Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America exercise bike market size reached US$ 309.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 423.8 Million by 2028, exhibiting a growth rate (CAGR) of 5.22% during 2023-2028.
Exercise bikes, also known as exercycle or stationary bikes, are cardiovascular equipment used for staying fit or losing weight. These easy-to-use bikes offer a low-impact aerobic workout, which is similar to riding a road or street bike. Moreover, they are simple to use than regular bikes or treadmills as they do not require much balance and coordination, thereby minimizing the chances of injury. Further, they are proven to be an ideal solution for people who have lower back and joint issues.
North America exercise bike market is currently being driven by several factors. The majority of the population in the region consumes processed food products, which exceed the recommended levels of sugar, sodium and saturated fats. This has led to a rise in the prevalence of obesity as well as other lifestyle diseases, such as stress, diabetes and hypertension. With an increase in the obesity rates, the exercise bike market is experiencing steady growth in the region. In addition to this, manufacturers are constantly incorporating advanced technologies in exercise bikes, such as live streaming and virtual reality, which is spurring their demand in North America. Moreover, exercise bikes are available in different forms, including upright exercise bikes and recumbent exercise bikes. This provides the consumers with multiple options to choose from according to their requirements and comfort.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America exercise bike market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type and end-user.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Product Type
Recumbent Exercise Bike
Upright Exercise Bike
Market by End-User
Home Consumers
Gyms/Health Clubs
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report
1. How big is the North America exercise bike market?
2. What is the expected growth rate of the North America exercise bike market during 2023-2028?
3. What are the key factors driving the North America exercise bike market?
4. What has been the impact of COVID-19 on the North America exercise bike market?
5. What is the breakup of the North America exercise bike market based on the product type?
6. What is the breakup of the North America exercise bike market based on the end-user?
7. What are the key regions in the North America exercise bike market?
The North America exercise bike market size reached US$ 309.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 423.8 Million by 2028, exhibiting a growth rate (CAGR) of 5.22% during 2023-2028.
Exercise bikes, also known as exercycle or stationary bikes, are cardiovascular equipment used for staying fit or losing weight. These easy-to-use bikes offer a low-impact aerobic workout, which is similar to riding a road or street bike. Moreover, they are simple to use than regular bikes or treadmills as they do not require much balance and coordination, thereby minimizing the chances of injury. Further, they are proven to be an ideal solution for people who have lower back and joint issues.
North America exercise bike market is currently being driven by several factors. The majority of the population in the region consumes processed food products, which exceed the recommended levels of sugar, sodium and saturated fats. This has led to a rise in the prevalence of obesity as well as other lifestyle diseases, such as stress, diabetes and hypertension. With an increase in the obesity rates, the exercise bike market is experiencing steady growth in the region. In addition to this, manufacturers are constantly incorporating advanced technologies in exercise bikes, such as live streaming and virtual reality, which is spurring their demand in North America. Moreover, exercise bikes are available in different forms, including upright exercise bikes and recumbent exercise bikes. This provides the consumers with multiple options to choose from according to their requirements and comfort.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America exercise bike market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type and end-user.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Product Type
Recumbent Exercise Bike
Upright Exercise Bike
Market by End-User
Home Consumers
Gyms/Health Clubs
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report
1. How big is the North America exercise bike market?
2. What is the expected growth rate of the North America exercise bike market during 2023-2028?
3. What are the key factors driving the North America exercise bike market?
4. What has been the impact of COVID-19 on the North America exercise bike market?
5. What is the breakup of the North America exercise bike market based on the product type?
6. What is the breakup of the North America exercise bike market based on the end-user?
7. What are the key regions in the North America exercise bike market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL EXERCISE BIKE MARKET
5.1Market Performance
5.2Market Breakup by Product Type
5.3Market Breakup by End-User
5.4Market Breakup by Region
5.5Market Forecast
6 NORTH AMERICA EXERCISE BIKE MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA EXERCISE BIKE MARKET: BREAKUP BY PRODUCT TYPE
7.1Recumbent Exercise Bike
7.2Upright Exercise Bike
8 NORTH AMERICA EXERCISE BIKE MARKET: BREAKUP BY END-USER
8.1Home Consumers
8.2Gyms/Health Clubs
8.3Others
9 NORTH AMERICA EXERCISE BIKE MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Product Type
9.1.3Market Breakup by End-User
9.1.4Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Product Type
9.2.3Market Breakup by End-User
9.2.4Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Raw Material Procurement
11.3Manufacturing
11.4Marketing
11.5Distribution
11.6Export
11.7End-Use
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL EXERCISE BIKE MARKET
5.1Market Performance
5.2Market Breakup by Product Type
5.3Market Breakup by End-User
5.4Market Breakup by Region
5.5Market Forecast
6 NORTH AMERICA EXERCISE BIKE MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA EXERCISE BIKE MARKET: BREAKUP BY PRODUCT TYPE
7.1Recumbent Exercise Bike
7.2Upright Exercise Bike
8 NORTH AMERICA EXERCISE BIKE MARKET: BREAKUP BY END-USER
8.1Home Consumers
8.2Gyms/Health Clubs
8.3Others
9 NORTH AMERICA EXERCISE BIKE MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Product Type
9.1.3Market Breakup by End-User
9.1.4Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Product Type
9.2.3Market Breakup by End-User
9.2.4Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Raw Material Procurement
11.3Manufacturing
11.4Marketing
11.5Distribution
11.6Export
11.7End-Use
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
LIST OF TABLES
Table 1: North America: Exercise Bike Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Exercise Bike Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: North America: Exercise Bike Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 4: North America: Exercise Bike Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 5: North America: Exercise Bike Market: Competitive Structure
Table 6: North America: Exercise Bike Market: Key Players
Table 1: North America: Exercise Bike Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Exercise Bike Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: North America: Exercise Bike Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 4: North America: Exercise Bike Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 5: North America: Exercise Bike Market: Competitive Structure
Table 6: North America: Exercise Bike Market: Key Players
LIST OF FIGURES
Figure 1: North America: Exercise Bike Market: Major Drivers and Challenges
Figure 2: Global: Exercise Bike Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Exercise Bike Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Exercise Bike Market: Breakup by End-User (in %), 2022
Figure 5: Global: Exercise Bike Market: Breakup by Region (in %),2022
Figure 6: Global: Exercise Bike Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 7: North America: Exercise Bike Market: Sales Value (in Million US$), 2017-2022
Figure 8: North America: Exercise Bike Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: North America: Exercise Bike Market: Breakup by Product Type (in %), 2022
Figure 10: North America: Exercise Bike (Recumbent Exercise Bike) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: North America: Exercise Bike (Recumbent Exercise Bike) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: North America: Exercise Bike (Upright Exercise Bike) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: North America: Exercise Bike (Upright Exercise Bike) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: North America: Exercise Bike Market: Breakup by End-User (in %), 2022
Figure 15: North America: Exercise Bike (Home Consumers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: Exercise Bike (Home Consumers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: Exercise Bike (Gyms/Health Clubs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: Exercise Bike (Gyms/Health Clubs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: Exercise Bike (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: Exercise Bike (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: Exercise Bike Market: Breakup by Country (in %), 2022
Figure 22: United States: Exercise Bike Market: Sales Value (in Million US$), 2017-2022
Figure 23: United States: Exercise Bike Market: Breakup by Product Type (in %), 2022
Figure 24: United States: Exercise Bike Market: Breakup by End-User (in %), 2022
Figure 25: United States: Exercise Bike Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Canada: Exercise Bike Market: Sales Value (in Million US$), 2017-2022
Figure 27: Canada: Exercise Bike Market: Breakup by Product Type (in %), 2022
Figure 28: Canada: Exercise Bike Market: Breakup by End-User (in %), 2022
Figure 29: Canada: Exercise Bike Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Exercise Bike Industry: SWOT Analysis
Figure 31: North America: Exercise Bike Industry: Value Chain Analysis
Figure 32: North America: Exercise Bike Industry: Porter’s Five Forces Analysis
Figure 1: North America: Exercise Bike Market: Major Drivers and Challenges
Figure 2: Global: Exercise Bike Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Exercise Bike Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Exercise Bike Market: Breakup by End-User (in %), 2022
Figure 5: Global: Exercise Bike Market: Breakup by Region (in %),2022
Figure 6: Global: Exercise Bike Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 7: North America: Exercise Bike Market: Sales Value (in Million US$), 2017-2022
Figure 8: North America: Exercise Bike Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: North America: Exercise Bike Market: Breakup by Product Type (in %), 2022
Figure 10: North America: Exercise Bike (Recumbent Exercise Bike) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: North America: Exercise Bike (Recumbent Exercise Bike) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: North America: Exercise Bike (Upright Exercise Bike) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: North America: Exercise Bike (Upright Exercise Bike) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: North America: Exercise Bike Market: Breakup by End-User (in %), 2022
Figure 15: North America: Exercise Bike (Home Consumers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: Exercise Bike (Home Consumers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: Exercise Bike (Gyms/Health Clubs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: Exercise Bike (Gyms/Health Clubs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: Exercise Bike (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: Exercise Bike (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: Exercise Bike Market: Breakup by Country (in %), 2022
Figure 22: United States: Exercise Bike Market: Sales Value (in Million US$), 2017-2022
Figure 23: United States: Exercise Bike Market: Breakup by Product Type (in %), 2022
Figure 24: United States: Exercise Bike Market: Breakup by End-User (in %), 2022
Figure 25: United States: Exercise Bike Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Canada: Exercise Bike Market: Sales Value (in Million US$), 2017-2022
Figure 27: Canada: Exercise Bike Market: Breakup by Product Type (in %), 2022
Figure 28: Canada: Exercise Bike Market: Breakup by End-User (in %), 2022
Figure 29: Canada: Exercise Bike Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Exercise Bike Industry: SWOT Analysis
Figure 31: North America: Exercise Bike Industry: Value Chain Analysis
Figure 32: North America: Exercise Bike Industry: Porter’s Five Forces Analysis
