Recumbent Bike Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Recumbent Bike market size is estimated at USD 1,400.8 million in 2020, expanding at a CAGR 5.9% from 2021-2027 to reach 2,604.7 million USD in 2027.
Market Dynamics
A stationary cycle is another name for a recumbent bicycle. It is immobile workout equipment that resembles a regular bike. A recumbent bicycle is a form of bicycle that allows the user to recline in a relaxed manner. Recumbent bicycles have several advantages, including comfort and stability, muscular building, cardiovascular exercise, and training length. Furthermore, it promotes general body fitness by assisting in weight loss as well as treating lifestyle disorders such as diabetes, stress, and hypertension. This rise is mostly driven by a lack of nutritious food product consumption with higher nutritional content in comparison to fat content, as well as rising obesity rates among the populations across the globe. The advantage of this bike over an upright is that it requires less attempt to balance and operate the pedals. This implies less stress on the joints while yet getting a solid aerobic exercise.
Recumbent bikes have grown in popularity in recent years due to their health benefits. Furthermore, increased fitness concerns have risen internationally. Furthermore, the deterioration of the environment has increased the need to improve one's fitness level. Furthermore, recumbent bikes offer an interesting alternative to riding for persons who suffer from back problems. Because of the increasing popularity of recumbent bikes in recent years, producers have sped the introduction of fresh models to the market in order to give consumers a wider range of alternatives.
The increased awareness of the health advantages of cycling, technical improvements, and rising disposable income are contributing to the rise of the recumbent bike sales industry. Cycling can help to reduce the risk of heart disease, improves mental health, and lose weight. Furthermore, with the introduction of electric bikes, people are favoring reclining bikes for exercise.
Regional Insights
People may desire to acquire a recumbent bike for a variety of reasons. The most common motive is to improve one's fitness. A recumbent bike may give excellent aerobic exercise while still being soft on the joints. This makes it an excellent alternative for people new to exercising or who have joint difficulties and may find a regular stationary bicycle too jarring on their bodies.
During the projected period, North America is predicted to dominate the worldwide recumbent bike market in terms of revenue contribution. This can be linked to the region's vast number of fitness aficionados as well as the region's increased awareness of health and fitness. The Asia Pacific area is expected to develop at a rapid pace over the projection period, owing to rising disposable income and increased health consciousness among people in the region. Europe is also expected to rise at a healthy rate throughout the projected period, owing to the increased use of recumbent bikes for exercise and other purposes.
Segment Insights
The Recumbent Bike market is divided into three segments: Type and Applications. The rise of electrification in the automobile scene has accelerated, as has its appeal. Electric-powered recumbent bikes are electrically powered as an energy source. Furthermore, the electricity of recumbent bikes eliminates the need to maintain the chain as well as other mechanical components. Furthermore, because of the electric power supply, the level of human power necessary to operate the recumbent bike is reduced. As a result, manufacturers are increasingly creating electric-powered recumbent bikes. For example, the Cruzbike T50e front-drive electrical recumbent bike was released in 2019 with a lithium-ion battery and a stated range of 20 miles.
Competitive Insights
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Recumbent Bike by type, region, and application. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- TerraTrike
- Sunseeker Bicycles
- Schlitter
- Rans
- Nazca Ligfietsen
- Linear Recumbent
- Lightning Cycle Dynamics
- ICE Trikes
- HP Velotechnik
- Greenspeed
- Easy Racers
- Cruzbike
- Catrike
- Bacchetta Bicycles
- Azub
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Delta trikes
- Disk or drum brakes
Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Home Consumer
- Gyms/ Health Clubs
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Recumbent Bike Market Overview
1.1. Product Overview and Scope of Recumbent Bike
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Recumbent Bike Market Size Growth Rate Analysis by Type 2020 VS 2027
1.3.1. Delta trikes
1.3.2. Disk or drum brakes
1.4. Global Recumbent Bike Consumption Comparison by Application: 2020 VS 2027
1.4.1. Home Consumer
1.4.2. Gyms/ Health Clubs
1.4.3. Others
1.5. Global Recumbent Bike Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Recumbent Bike Estimates
1.5.2. Europe Recumbent Bike Estimates
1.5.3. China Recumbent Bike Estimates
1.5.4. Japan Recumbent Bike Estimates
2. Market Competition by Manufacturers
2.1. Global Recumbent Bike Revenue Market Share by Manufacturers (2020)
2.2. Recumbent Bike Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Recumbent Bike Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Recumbent Bike Production Sites, Area Served, Product Types
2.5. Recumbent Bike Market Competitive Situation and Trends
2.5.1. Recumbent Bike Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Recumbent Bike Consumption by Region (2016-2021)
3.1. Global Recumbent Bike Consumption by Region
3.2. Global Recumbent Bike Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Recumbent Bike Consumption Growth Rate (2016-2021)
3.2.3. North America Recumbent Bike Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Recumbent Bike Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Recumbent Bike Consumption Growth Rate (2016-2021)
3.2.7. Europe Recumbent Bike Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Recumbent Bike Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Recumbent Bike Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Recumbent Bike Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Recumbent Bike Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Recumbent Bike Consumption Growth Rate (2016-2021)
3.2.15. South America Recumbent Bike Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Recumbent Bike Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Recumbent Bike Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Recumbent Bike Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Recumbent Bike Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Recumbent Bike Consumption by Type (2016-2021)
4.1. Global Recumbent Bike Price by Type (2016-2021)
4.2. Global Recumbent Bike Revenue Market Share by Type (2016-2021)
4.2.1. Delta trikes
4.2.2. Disk or drum brakes
5. Global Recumbent Bike Consumption by Application (2016-2021)
5.1. Global Recumbent Bike Price by Application (2016-2021)
5.2. Global Recumbent Bike Revenue Market Share by Application (2016-2021)
5.2.1. Home Consumer
5.2.2. Gyms/ Health Clubs
5.2.3. Others
6. Key Companies Profiled
6.1. TerraTrike
6.1.1. TerraTrike Recumbent Bike Corporation Information
6.1.2. TerraTrike Recumbent Bike Product Portfolio
6.1.3. TerraTrike Recumbent Bike Consumption, Price and Gross Margin (2016-2021)
6.1.4. TerraTrike Main Business and Markets Served
6.1.5. TerraTrike Recent Developments/Updates
6.2. Sunseeker Bicycles
6.3. Schlitter
6.4. Rans
6.5. Nazca Ligfietsen
6.6. Linear Recumbent
6.7. Lightning Cycle Dynamics
6.8. ICE Trikes
6.9. HP Velotechnik
6.10. Greenspeed
6.11. Easy Racers
6.12. Cruzbike
6.13. Catrike
6.14. Bacchetta Bicycles
6.15. Azub
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Recumbent Bike Distributors List
7.3. Recumbent Bike Customers
8. Market Dynamics
8.1. Recumbent Bike Industry Trends
8.2. Recumbent Bike Growth Drivers
8.3. Recumbent Bike Market Challenges
8.4. Recumbent Bike Market Restraints
9. Global Recumbent Bike Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Recumbent Bike, by Regions and Country
9.1.1. North America Forecasted Consumption of Recumbent Bike by Country
9.1.2. Europe Market Forecasted Consumption of Recumbent Bike by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Recumbent Bike by Region
9.1.4. Latin America Forecasted Consumption of Recumbent Bike by Country
9.1.5. Middle East and Africa Forecasted Consumption of Recumbent Bike by Country
10. Research Finding and Conclusion
11. Methodology and Data Source
11.1. Methodology/Research Approach
11.1.1. Research Programs/Type
11.1.2. Market Size Estimation
11.1.3. Market Breakdown and Data Triangulation
11.2. Data Source
11.2.1. Secondary Sources
11.2.2. Primary Sources
11.3. Author List
11.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
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- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
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- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
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