Recumbent Stationary Bikes Market to Record an Exponential CAGR by 2028
Recumbent Stationary Bikes Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028
[UKPRwire, Tue Sep 17 2019] Recumbent Stationary Bikes Market Introduction
World health organization recommends that adults between 18 and 65 years of age should get a minimum 30 minutes of moderate intensity workout at least 5 days a week. There are several ways to exercise on a daily basis and recumbent stationary bikes are one of the most commonly used equipment. Recumbent stationary bikes are indoor exercise bikes that allow a person to sit and cycle. The recumbent stationary bikes have a seat, backrest and peddle with the legs in the front, in comparison to the upright position in a conventional cycle. The bike helps people with upper or lower back problem. Compared to other exercise equipment, recumbent stationary bikes have the most ergonomic and low impact design. Also, recumbent stationary bikes can be useful for a person who wants to workout at home.
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Recumbent Stationary Bikes Market Dynamics
Recumbent stationary bikes have altered the design of conventional stationary bikes. The design element of the recumbent stationary bikes is expected to act as a driver of growth for recumbent stationary bikes market. Portability is also a key driver that helps to drive the recumbent stationary bikes market as it is easy to carry. The recumbent stationary bikes are particularly helpful for people who have undergone hip-replacement surgeries and cannot use convention stationary bikes. This factor could also act as a driver for the recumbent stationary bikes market. The cost-effectiveness of the recumbent stationary bikes also acts as a growth driver in the market. The inability to adjust the seat height could act as a restraining factor for the recumbent stationary bikes market. The new features in the recumbent stationary bikes like data tracking, resistance adjusted pre-programmed workout and downloadable workout data will help in the expansion of the recumbent stationary bikes market.
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Market Segmentation of Recumbent Stationary Bikes Market
On the basis of bikes type, recumbent stationary bikes can be segmented into conventional recumbent stationary bikes and electronic recumbent stationary bikes.
On the basis of the distribution channel, recumbent stationary bikes can be segmented into online retail, specialty sports stores, direct sales, discount stores and others
On the basis of price, recumbent stationary bikes can be segmented in the price range of $100-$400, $400-$500, $500-$1000, $1,000 and above.
Regional Outlook for Recumbent Stationary Bikes Market
Geographically, the recumbent stationary bikes market can be segmented into six regions: North America, Latin America, Europe, APEJ, Japan and MEA. North America is expected to lead the demand for recumbent stationary bikes market because of the amount of awareness around the fitness and amount of expenditure on fitness equipment. The inclination of European people towards healthy life style can be evaluated by the number of bicycles in Europe, Europe prefers bicycles over any other means of transportation and both these fact is expected to support the growth of recumbent stationary bikes market in Europe. Latin America and Europe would expect to retain their market share in the recumbent stationary bikes market during the forecast period. The growing demand for fitness equipment, overall health awareness and a rise in disposable income in developing region like Asia would expect to create tremendous opportunities in the near future. The Middle East and Africa is expected to show growth in the demand for recumbent stationary bikes market in the near future.
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Market Players in Recumbent Stationary Bikes Market
The prominent players in recumbent stationary bikes market includes Schwinn, Nautilus, Exerpeutic, Marcy, Proform, Solo Fitness, Cosco, Nordictrac.
Iincreasing popularity of fitness equipment in both the emerging and mature markets has created enormous opportunities in the fitness equipment industry. The manufacturers are working on developing new and innovative products to cater to the increasing demand globally. The recumbent stationary bikes market is expected to grow with a high CAGR during the forecast period.
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