The global Upright Exercise Bike Market is estimated to be valued at US$ 1.91 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview
Upright exercise bike, also known as active exercise bike, allows user to work out in an upright position similar to riding a conventional bike. It offers full body workout through pedaling action and helps in burning calories and improving cardiovascular health.
Market key trends
One of the key trends driving the upright exercise bike market is growing health awareness among population regarding benefits of regular exercising. Upright exercise bike provides low impact cardio workout and with its upright position posture, it is comfortable to use for longer duration without stressing the joints like knees and back. Furthermore, availability of technologically advanced upright exercise bikes integrated with touchscreens for gaming/streaming content and performance tracking features is another major trend fueling the market growth. Growing obese population globally has increased focus on weight management which is augmenting the demand for upright exercise bikes.
Segment Analysis
The global upright exercise bike market is dominated by the commercial sub-segment. The commercial sub-segment accounts for nearly 65% of the total upright exercise bike market share owing to the increasing adoption of upright exercise bikes in hotels, gyms, health clubs, and other commercial establishments. Upright exercise bikes are preferred for commercial use as they occupy less space compared to other cardio equipment.
Key Takeaways
The Global Upright Exercise Bike Market Size is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing health consciousness among people and growing trend of home gyms.
Regional analysis - North America currently dominates the upright exercise bike market, accounting for over 35% of the global sales. However, Asia Pacific is expected to grow at the fastest pace during the forecast period due to rising disposable income, growth in youth population, and increasing health awareness in countries like China and India.
Key players operating in the upright exercise bike market are Nautilus Inc., Brunswick Corporation, Core Health & Fitness LLC, True Fitness Technology Inc., Johnson Health Tech Co., Ltd., Amer Sports Corporation, Cybex International Inc., Technogym SpA, Icon Health & Fitness Inc., Impulse (Qingdao) Health Tech Co. Ltd., Torque Fitness LLC, HOIST Fitness Systems Inc., Tunturi New Fitness B.V., Precor Inc., JERAI FITNESS PVT. LTD., SHUA Fitness, YOSUDA, Schwinn, Marcy, Exerpeutic. Nautilus Inc. and Brunswick Corporation collectively account for over 30% of the global upright exercise bike sales.
Read More: https://www.ukwebwire.com/upright-exercise-bike-market-size-share-and-growth-forecast-2023-2023/
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