Indoor cycling bike is a system that transfers fitness bikes indoors and uses various high-tech methods to allow riders to achieve visual fitness all day long. Indoor bicycles are mainly used in homes, gyms, hotels, and other places, with significant price differences among different brands and models.
Overview of Market Development
The market size continues to expand: Driven by public health awareness and environmental protection concepts, the global indoor cycling bike market continues to expand. According to our research and prediction, the global indoor cycling bike market revenue is expected to increase from $1200 million in 2024 to $1690 million in 2029. The CAGR for 2024-2029 is estimated to be 7.09%.
Technological innovation drives development: The market share of intelligent indoor cycling bikes is gradually increasing due to their realism and interactivity.
Personalization and Intelligence: With the diversification of consumer demands, personalized and intelligent products will become the new favorite of the market.
Analysis of Market Competition Pattern
From the perspective of market competition, the global indoor cycling bike market has a high concentration, with the top 3 companies accounting for 70.71% of the total revenue in the indoor cycling bike market in 2023. The top three companies were Peloton, Nautilus, and Brunswick Corporation. In 2023, these three companies accounted for 47.35%, 12.41%, and 10.95% of the global indoor cycling bike market revenue, respectively.
Global Indoor Cycling Bike Market Revenue Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, indoor cycling bikes can be divided into two categories based on their different resistance mechanisms: magnetic reluctance cycling bikes and felt pad resistance cycling bikes. Among them, magnetic reluctance cycling bikes dominate the market, with an estimated market share of 90.50% in 2024.
From a regional perspective, North America is the largest revenue market for indoor cycling bikes worldwide, and by 2024, the indoor cycling bike market revenue in this region will account for over 80% of the global total revenue; The European market is expected to rank second with a market share of 9.50%. From a national perspective, Asian countries such as China, Japan, and South Korea are also important components of the global indoor cycling bike market, each holding a certain share.
Global Indoor Cycling Bike Segment Market Revenue and Market Share Forecast in 2024
|
|
Market Revenue (Million
USD)
|
Market Share
|
|
Segmented by Type
|
|
Magnetic Reluctance
Cycling Bikes
|
1086
|
90.50%
|
|
Felt Pad ResistanceCycling Bikes
|
114
|
9.50%
|
|
Segmented by Region/Country
|
|
North America
|
971
|
80.92%
|
|
Europe
|
111
|
9.25%
|
|
China
|
55
|
4.58%
|
|
Japan
|
25
|
2.08%
|
|
South Korea
|
15
|
1.25%
|
|
India
|
7
|
0.58%
|
|
Others
|
16
|
1.33%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Indoor Cycling Bike Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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