New York, Nov, 17, 2016: Axiom MRC added a report on Global Exercise Bike Market. The global market for exercise bike is projected to reach at USD 522.4 million in 2022. The market is estimated to grow at a CAGR of 4.0% from 2017 to 2022. The market is segmented on the basis of types such as, Upright Exercise Bike, Recumbent Exercise Bike and Others ( include Dual Action stationary Bike, indoor bike etc.). On the basis of pricing the exercise bike market can be segmented as Budget Bike and Premium Bike. The major end users of the exercise bike are Vertical Markets, Health clubs and Home. The major regions considered in the study are North America, Europe, Asia and Rest of the world countries which majorly include Latin America, Pacific countries, Middle-East and Africa.
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The global market is driven by factors such as, increasing prevalence of life style diseases, growing health and fitness consciousness, raising disposable income and government Initiatives to raise health and fitness awareness across the various countries.
North American region dominates the global exercise bike market with the largest market share of more than 40% in 2016. Growing life style diseases due to obesity and health consciousness are the major factors driving the North American exercise bike market. Asian exercise bike market is expected to grow at a higher pace of the growth than other geographies due to growing disposable income of individuals and government initiatives to raise the awareness of health and wellness.
The companies which dominates the global exercise bike market are Advanced Fitness Group, Bladez fitness, Brunswick, Cybex International, Inc., Horizon Fitness, ICON Health & Fitness, KETTLER, Life Fitness, Nautilus, Inc., Precor and Technogym.
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The report includes detailed analysis of recent market trends, drivers, restraints and opportunities. The competitive landscape section of the report include mergers, acquisitions, new product launches, partnerships or joint ventures etc. captured from 2014 to 2016.
Axiom MRC followed a mature research methodology to bring holistic market insights and in-depth primary interviews were carried out to validate the market shares, trends and competitions of key players, vendors and suppliers. Axiom MRC also carried out primary interviews with key industry participants such as, C-level executives, researchers, consultants and knowledge professionals, managers and their views were incorporated in the report.
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