Europe Indoor Cycling Market Size, Share, By Type (Upright Bike and Recumbent Bike), By Application (Household and Commercial), and By Country - Trends, Analysis and Forecast till 2034

Report Code: PMI545124 | Publish Date: July 2024 | No. of Pages: 124

Europe Indoor Cycling Market Overview

Europe Indoor Cycling Market Size was valued at USD 0.72 Billion in 2024 and is expected to reach USD 1.13 Billion by 2034 growing at a CAGR of 3.00%

Indoor cycling is becoming more and more popular in Europe, which is indicative of a larger societal movement in favor of putting fitness and health first. Spinning, often known as indoor cycling, has become a popular fitness exercise for anyone looking for a high-intensity and efficient workout. There are several reasons for this rise in popularity, such as changing lifestyles, more urbanization, and increased knowledge of the benefits of regular exercise for general health. Furthermore, the emergence of specialized exercise facilities and the integration of electronic devices have transformed the indoor riding experience, rendering it more easily accessible and captivating than previously. Because of this, the European indoor cycling industry offers producers, fitness entrepreneurs, and fans all kinds of interesting options.

Europe Indoor Cycling Market Dynamics

Key Drivers of Target Market:

Increased Gym and CrossFit Center

One of the primary factors driving the indoor cycling market in Europe is the increasing number of gyms and CrossFit facilities in the region. As fitness culture continues to gain hold, gyms and specialist fitness facilities like CrossFit boxes are expanding their offerings to satisfy a wide range of training preferences. Indoor cycling has become a typical element of many gyms and CrossFit programs since it may offer intense cardiovascular training in a controlled environment. The expansion of fitness facilities is increasing demand for specialist goods like stationary cycles, cycling shoes, and accessories in addition to opening up indoor riding to a larger demographic. Furthermore, to differentiate themselves from the competition and attract members, gyms and CrossFit facilities regularly invest in contemporary indoor cycling studios and equipment, which fosters innovation and market expansion. As a result, the expansion of CrossFit and gyms across Europe is a significant factor propelling the growth of the indoor cycling sector, fostering a thriving community of fitness enthusiasts, equipment manufacturers, and training facilities.

Technological Advancement

A significant driving factor for the European indoor cycling market is the rising awareness of health and fitness among the population. As people become increasingly conscious of the importance of leading active lifestyles and maintaining physical fitness, indoor cycling has emerged as a preferred choice for many individuals seeking effective cardiovascular workouts.

The growing awareness of health benefits associated with regular exercise, such as improved cardiovascular health, weight management, and stress reduction, has fueled the demand for indoor cycling across Europe. Indoor cycling offers a convenient and accessible way to achieve these fitness goals, providing a high-intensity, low-impact workout that can be tailored to individual fitness levels.

Moreover, the emphasis on preventive healthcare and wellness promotion by governments and healthcare organizations has further contributed to the popularity of indoor cycling. As individuals seek to proactively manage their health and reduce the risk of chronic diseases, they are turning to activities like indoor cycling as part of a balanced and active lifestyle.

Restrains:

Limited Numbers of Dealer  

One of the main obstacles to the growth of the indoor cycling business in Europe is the lack of dealers or distributors in the region who can advertise and supply equipment and accessories for indoor riding. The absence of dealerships hinders the industry's growth by making it harder for manufacturers and suppliers to effectively and efficiently reach potential customers. There might be several reasons for the dearth of dealerships in Europe, including inadequate distribution networks, legal restrictions, or the logistical difficulties of getting to more rural or less inhabited places. Because of this, customers may not have easy access to indoor cycling gear in some locations, which would lower market penetration and acceptance overall.

Europe Indoor Cycling Market Segmentation

The Market is segmented based on Type, Application, and Country.

Europe Indoor Cycling Market Report Scope:

Attribute

Details

Market Size 2024

USD 0.72 Billion

Projected Market Size 2034

USD 1.13 Billion

CAGR Growth Rate

3.00%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Upright Bike and Recumbent Bike

By Application - Household and Commercial

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2023 to 2034. For the purpose of this study segmented the Europe Indoor Cycling Market report based on Type, Application and Country:

Segmentation:

By Type:

  • Upright Bike
  • Recumbent Bike   

By Application:

  • Household
  • Commercial

By Country:

  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe

Europe Indoor Cycling Market Key Players

The key players operating the Europe Indoor Cycling Market includes Nautilus, Inc., LIFE FITNESS, INC., BIGLARI HOLDINGS INC., Technogym S.p.A., Cybex International Inc., Precor Incorporated company, STAR TRAC HEALTH & FITNESS, INC., StairMaster Sports/Medical, Inc., and GYM80 INTERNATIONAL GMBH, Kao Infosystems Company

Europe Indoor Cycling Market Company Profile

  • Nautilus, Inc. *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LIFE FITNESS, INC.
  • BIGLARI HOLDINGS INC.
  • Technogym S.p.A.
  • Cybex International Inc.
  • Precor Incorporated company
  • STAR TRAC HEALTH & FITNESS, INC.
  • StairMaster Sports/Medical, Inc.
  • GYM80 INTERNATIONAL GMBH
  • Kao Infosystems Company

“*” marked represents similar segmentation in other categories in the respective section.

Europe Indoor Cycling Market Table of Contents

Research Objective and Assumption

  • Research Objectives
  • Assumptions
  • Abbreviations

Market Preview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Country
  • Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Market Trends
  • Product Launch
  • Merger and Acquisitions
  • Impact Analysis
  • PEST Analysis
  • Porter’s Analysis

Market Segmentation, By Type, Forecast Period Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Upright Bike
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Recumbent Bike
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Application, Forecast Period Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Household
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Commercial
    • Overview
    • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Country, Forecast Period Forecast Period up to 10 Years, (USD Bn)

  • Overview
    • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), up to 10 Year
    • Country Trends
  • Europe
    • Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
  • LIFE FITNESS, INC.
  • BIGLARI HOLDINGS INC.
  • Technogym S.p.A.
  • Cybex International Inc.
  • Precor Incorporated company
  • STAR TRAC HEALTH & FITNESS, INC.
  • StairMaster Sports/Medical, Inc.
  • GYM80 INTERNATIONAL GMBH
  • Kao Infosystems Company

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Europe Indoor Cycling Market is segmented into Type, Application, and Country.

Increased in number of Gyms and CrossFit Centers and Technology Advancement.

By Country, the Europe Indoor Cycling Market is segmented into UK, Germany, France, Russia, Italy, and Rest of Europe, UK is expected to dominate the Market due to High Population Density and increasing awareness about health.

The key players operating the Europe Indoor Cycling Market include Nautilus, Inc., LIFE FITNESS, INC., BIGLARI HOLDINGS INC., Technogym S.p.A., Cybex International Inc., Precor Incorporated company, STAR TRAC HEALTH & FITNESS, INC., StairMaster Sports/Medical, Inc., and GYM80 INTERNATIONAL GMBH, Kao Infosystems Company.