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| Stationary Bike Market |
The stationary bike is also called as
exercise bicycle used for exercise and physical therapy as it is safe and
effective for cardiovascular exercise and is considers as a minimal impact
workout device. Furthermore, it is an equipment that allows an individual to
exercise by cycling in place. Stationary bike Instead of moving remain secured
in place as the operator cycles the pedals. There are diverse types of
exercise bikes available, some of which have handlebars connected to the pedal,
allowing the operator to exercise both his and her legs and upper body.
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The Stationary bikes market is primarily
driven by factors such as increasing disposable income, significant shift of
consumers toward healthy lifestyle and increasing rate of obesity globally.
Additionally, rising perveance of diabetes and cardiac diseases coupled with
increasing health awareness leading to increasing number of health clubs/gyms
numbers further boost the stationary
bike market during the forecast period. However, lack of research and
development (R&D) facilities and poor after sales services provided are the
major factors hindering the growth of the market.
The global stationary bike market is
bifurcated into premium exercise bike and budgeted exercise bike. The budgeted
exercise bike segment is anticipated to grow at a faster pace during the
forecast period due to its low prices and increasing demand from developing
countries.
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The report analyses the global stationary bike
market by types into upright exercise bike, recumbent exercise bike and
others. Others including dual action stationary bike and indoor bike etc. The
recumbent exercise bike segment dominates the market and accounted for the
largest share in 2017. Factors such as increasing demand of recumbents exercise
bikes in gyms and fitness clubs. Furthermore, these bikes are very feasible for
home/ individual users.
The
market size is estimated and forecasted by utilizing fundamental inputs
gathered from comprehensive data extraction from both free and paid sources
which are further validated by primary interviews and various macro-economic
factors which affects the market. Market data extraction was not limited to
stationary bicycle market but also includes information related to various
markets which affects or influences the relative growth of the market. Free
sources like association, standardization institutions and key company
websites, annual reports, journals, etc. were used for data extraction.
Likewise, paid sources such as Factiva, Bloomberg, One Source etc. were also
used.
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