North America 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: PMI545224 | Publish Date: July 2024 | No. of Pages: 138

North America Indoor Cycling Market Overview

North America Ammonia Market Size was valued at USD 0.68 Billion in 2024 and is expected to reach USD 1.06 Billion by 2034 growing at a CAGR of 3.30%

The indoor cycling market in North America has witnessed significant growth and innovation in recent years, driven by a combination of technological advancements, shifting fitness trends, and a growing awareness of the importance of cardiovascular health. Indoor cycling, also known as spinning, has become a popular choice for fitness enthusiasts seeking an intense yet low-impact workout experience. With the rise of boutique cycling studios offering immersive, high-energy classes led by charismatic instructors, the demand for indoor cycling equipment and accessories has surged. Additionally, the integration of digital platforms and interactive features has transformed the traditional indoor cycling experience, allowing users to track their performance metrics, compete with friends, and participate in virtual rides from the comfort of their own homes. As health and wellness continue to remain at the forefront of consumer priorities, the indoor cycling market in North America is poised for continued growth and innovation, presenting lucrative opportunities for manufacturers, fitness studios, and enthusiasts alike.

North America Indoor Cycling Market Dynamics

Key Drivers of Target Market:

Increased Gym and CrossFit Center

One of the key market driving factors for the indoor cycling market in North America is the increased proliferation of gyms and CrossFit centers across the region. As fitness culture continues to gain momentum, gyms and specialized fitness facilities like CrossFit boxes are expanding their offerings to cater to a diverse range of workout preferences. Indoor cycling, with its ability to deliver a high-intensity cardiovascular workout in a controlled environment, has emerged as a staple component of many gym and CrossFit center offerings. This expansion of fitness facilities not only increases the accessibility of indoor cycling to a broader demographic but also fuels the demand for specialized equipment such as stationary bikes, cycling shoes, and accessories. Moreover, as gyms and CrossFit centers strive to differentiate themselves and attract members, they often invest in state-of-the-art indoor cycling studios and equipment, further driving innovation and growth in the market. As a result, the increased presence of gyms and CrossFit centers serves as a significant catalyst for the expansion of the indoor cycling market in North America, fostering a thriving ecosystem of fitness enthusiasts, equipment manufacturers, and fitness facilities.

Healthcare Awareness

The rising healthcare awareness in North America serves as a significant driving factor for the growth of the indoor cycling market in the region. As individuals become increasingly conscious of the importance of maintaining an active lifestyle to prevent chronic diseases and improve overall well-being, indoor cycling emerges as an appealing fitness option. Indoor cycling offers a high-intensity, low-impact cardiovascular workout that can help individuals manage their weight, reduce the risk of cardiovascular diseases, and improve their mental health.

With healthcare costs on the rise and a growing emphasis on preventive care, more people are proactively seeking ways to stay healthy and fit. Indoor cycling provides a convenient and accessible solution, as it can be done year-round regardless of weather conditions and accommodates varying fitness levels. This heightened awareness of the importance of physical activity as a cornerstone of good health drives individuals to seek out fitness activities like indoor cycling that offer both effectiveness and convenience.

Restrains:

Cost Constraint

A significant restraining factor for the North American indoor cycling market is the high initial investment required, both for individuals looking to establish indoor cycling studios and for consumers interested in purchasing equipment for home use. The costs associated with setting up a fully-equipped indoor cycling studio, including space rental, purchasing stationary bikes, audiovisual equipment, and amenities, can be substantial. Similarly, for consumers considering investing in a high-quality stationary bike for home use, the upfront cost can be a deterrent.

This high initial investment poses a barrier to entry for entrepreneurs looking to enter the indoor cycling market, as well as for individuals who may be interested in incorporating indoor cycling into their fitness routine but are deterred by the associated costs. Moreover, the competitive landscape of the fitness industry means that potential investors must carefully consider factors such as location, target demographic, and competition from existing fitness facilities.

North America Indoor Cycling Market Segmentation

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

North America Indoor Cycling Market Report Scope:

Attribute

Details

Market Size 2024

USD 0.68 Billion

Projected Market Size 2034

USD 1.06 Billion

CAGR Growth Rate

3.30%

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, has segmented the North America Indoor Cycling Market report based on Type, Application and Country:

Segmentation:

By Type:

  • Upright Bike
  • Recumbent Bike   

By Application:

  • Household
  • Commercial

By Country:

  • U.S.
  • Canada

North America Indoor Cycling Market Key Players

The key players operating the North America 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

North America Indoor Cycling Market Key Issues Addressed

 

North America 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.

North America 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
  • North America
    • 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
      • U.S
      • Canada

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

The North America Indoor Cycling Market is segmented into Type, Application and Country.

Increased Health Awareness and Increased in number of Gyms and Crossfit Centers.

By Country, the North America Indoor Cycling Market is segmented into U.S. and Canada, U.S is expected to dominate the Market due to increase in Investment.

The key players operating the North America 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.