Indoor Cycling Market Report 2024 (Global Edition)

Global Indoor Cycling Market Report 2024 Market Size Split by Product (Upright, Recumbent, Others), by End User (Gyms & Clubs, Home, Others), by Distribution Channel (Offline, Online)

Indoor Cycling Market Report Description

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Competitive Landscape of the Indoor Cycling Market

The indoor cycling market features a competitive landscape characterized by a broad range of players, including established fitness equipment manufacturers, boutique fitness studios, and digital platforms offering virtual cycling experiences. Key factors influencing competition include product innovation, brand recognition, instructor quality, and the ability to provide engaging and accessible fitness solutions to a broad audience.

 

Top Companies Market Share in Indoor Cycling Industry: (In no particular order of Rank)

• Brunswick Corporation
• Pelotons
• Icon Health & Fitness Inc.
• Nautilus
• Precor
• NordicTrack
• Techno gym
• Proform
• Schwinn
• Star Trac
• Soletreadsdotin
• Life Fitness
• Horizon Fitness
• Marcypro
• Stamina Products Inc.
• True Fitness
• Johnson Health Tech
• Rogue Fitness
• Core Health & Fitness LLC
• Cosco Sports Equipment
• ShuHua Sports Co. Ltd.
• JERAI Fitness Pvt. Ltd
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Indoor Cycling Market

Which Region Dominates the Indoor Cycling Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the Indoor Cycling market due to a strong culture of fitness and wellness pervades the region, driving demand for indoor cycling as a popular exercise option. Additionally, the presence of influential fitness brands and high-quality equipment manufacturers, combined with extensive marketing and distribution networks, consolidates North America's market leadership. Moreover, innovations in technology and interactive training experiences further bolster the appeal of indoor cycling, attracting a diverse range of enthusiasts.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Indoor Cycling market due to rising health consciousness, increasing disposable income, and urbanization are driving demand for fitness solutions. Additionally, the region's diverse demographic and cultural landscape has spurred interest in indoor cycling as a popular fitness trend. Technological advancements, coupled with innovative fitness programs and immersive experiences, further contribute to the market's rapid expansion. With a burgeoning middle class and a growing emphasis on wellness, the Asia-Pacific indoor cycling market continues to attract both consumers and industry investments, positioning itself as the fastest-growing market segment globally.

 

The current report Scope analyzes Indoor Cycling Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Indoor Cycling Market

According to Cognitive Market Research, the global Indoor Cycling market size estimated at USD 1625.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 650.08 million in 2024 and will rise at the compound annual growth rate (CAGR) of 8.4% from 2024 to 2031. In North America, the Indoor Cycling market exhibits a promising landscape characterized by the increasing emphasis on fitness and health-conscious lifestyles. Factors such as busy schedules, limited outdoor exercise opportunities, and the convenience of indoor workouts contribute to the popularity of indoor cycling. The segment that particularly drives this market is the rise of gyms & clubs offering immersive and high-energy classes, attracting fitness enthusiasts seeking engaging and effective workout experiences. Furthermore, advancements in indoor cycling technology, such as interactive screens and virtual reality integration, enhance user engagement and motivation, further propelling market growth. In conclusion, the combination of health awareness, convenience, and innovative offerings in boutique cycling studios and technology-driven equipment is fueling the expansion of the indoor cycling market in North America. According to Cognitive Market Research, the US had a major share in the Indoor Cycling market with a market size of USD 512.91 million in 2024 and is projected to rise at a CAGR of 8.2% during the forecast period. The demand is amplified by a growing emphasis on health and wellness, coupled with the popularity of boutique fitness studios offering immersive and engaging cycling experiences. The Canada Indoor Cycling market had a market share of USD 78.01 million in 2024 and is projected to rise at the CAGR of 9.2% during the forecast period due to the growing emphasis on fitness and wellness, coupled with the popularity of boutique fitness studios and the demand for convenient and effective cardiovascular workouts. The Mexico Indoor Cycling market is projected to experience the growth at a CAGR of 8.9% during the forecast period, with the market size of USD 59.16 million in 2024.

Europe Indoor Cycling Market

According to Cognitive Market Research, the global Indoor Cycling market size estimated at USD 1625.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 487.56 million in 2024 and will grow at the compound annual growth rate (CAGR) of 8.7% from 2024 to 2031. In Europe, the Indoor Cycling market presents a dynamic landscape characterized by growing health consciousness and the desire for convenient fitness options in urban areas, propelling the demand for indoor cycling as an effective cardiovascular exercise. The rise of fitness studios and gyms offering specialized indoor cycling classes caters to the preferences of fitness enthusiasts seeking immersive and motivating workout experiences. Further, advancements in indoor cycling technology, such as interactive virtual reality platforms and connected fitness apps, enhance engagement and customization for users. In conclusion, the European indoor cycling market is driven by health-conscious consumers seeking convenient fitness options, with boutique fitness studios leading the way in providing specialized indoor cycling experiences. The United Kingdom Indoor Cycling market had a market share of USD 81.91 million in 2024 and is projected to rise at a CAGR of 9.5% during the forecast period. In the UK, the Indoor Cycling market has witnessed an upswing due to a growing emphasis on health and fitness, alongside the popularity of boutique fitness studios and the convenience of indoor workouts. The France Indoor Cycling market is projected to experience the growth at a CAGR of 7.9% during the forecast period with the market size of USD 44.86 million in 2024. According to Cognitive Market Research, the German indoor Cycling market size was valued at USD 96.54 million in 2024 and is projected to rise at a CAGR of 8.9% during the forecast period. In Germany, the Indoor Cycling market has surge due to a growing emphasis on fitness and wellness, coupled with the popularity of boutique fitness studios and the demand for convenient, year-round exercise options. The Italy Indoor Cycling market is projected to experience the growth at a CAGR of 8.1% during the forecast period, with the market size of USD 41.93 million in 2024. The Russia Indoor Cycling market is projected to witness growth at a CAGR of 7.7% during the forecast period, with the market size of USD 75.57 million in 2024. The Spain Indoor Cycling market is projected to witness growth at a CAGR of 7.8% during the forecast period with the market size of USD 39.98 million in 2024. The Luxembourg Indoor Cycling market is projected to witness growth at a CAGR of 8.8% during the forecast period, with the market size of USD 15.11 million in 2024. The Portugal Indoor Cycling market is projected to experience the growth at a CAGR of 8.5% during the forecast period with the market size of USD 10.24 million in 2024. The Greece Indoor Cycling market is projected to experience the growth at a CAGR of 9.0% during the forecast period with a market size of USD 5.85 million in 2024. The rest of Europe's, Indoor Cycling market, is projected to experience the growth at a CAGR of 7.4% during the forecast period, with a market size of USD 75.57 million in 2024. .

Asia Pacific Indoor Cycling Market

According to Cognitive Market Research, the global Indoor Cycling market size estimated at USD 1625.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 373.80 million in 2024 and will grow at the compound annual growth rate (CAGR) of 12.2% from 2024 to 2031. In the Asia Pacific region, the Indoor Cycling market exhibits robust growth prospects driven by increasing health consciousness and surging focus on fitness among the population. Further, urbanization and busy lifestyles have led to a rise in demand for home fitness equipment, including indoor cycling bikes. Additionally, the popularity of virtual fitness classes and streaming platforms offering indoor cycling sessions has further fueled market growth. Among various segments, the home segment emerges as the primary driver of the indoor cycling market in Asia Pacific, as individuals prioritize convenient and private fitness solutions at home. As a result, there has been a surge in sales of indoor cycling equipment for home use, driving the overall market expansion. In conclusion, the Asia Pacific market for indoor cycling is driven by increasing health awareness, urbanization, and the demand for convenient home fitness solutions, with the home segment leading market growth. According to Cognitive Market Research, the China Indoor Cycling market size was valued at USD 168.21 million in 2024 and is projected to grow at a CAGR of 11.7% during the forecast period. The Indoor Cycling market surged in China due to the increasing emphasis on health and fitness coupled with urbanization and a rising middle class. The Japan Indoor Cycling market is projected to witness growth at a CAGR of 10.7% during the forecast period, with the market size of USD 51.58 million in 2024. The India Indoor Cycling market had a market share of USD 44.86 million in 2024 and is projected to grow at a CAGR of 14.0% during the forecast period. The demand is augmented by growing awareness of health and fitness, coupled with urbanization and a rise in disposable incomes. The South Korea Indoor Cycling market is projected to experience the growth at a CAGR of 11.3% during the forecast period with a market size of USD 37.38 million in 2024. The Australia Indoor Cycling market is projected to witness growth at a CAGR of 11.9% during the forecast period with the market size of USD 19.44 million in 2024. The South East Asia Indoor Cycling market is projected to experience the growth at a CAGR of 13.2% during the forecast period with a market size of USD 25.79 million in 2024. The Rest of the Asia Pacific, Indoor Cycling market, is projected to foreseen to growth at a CAGR of 12.0% during the forecast period, with a market size of USD 26.54 million in 2024. .

South America Indoor Cycling Market

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According to Cognitive Market Research, the global Indoor Cycling market size estimated at USD 1625.2 Million, out of which the Latin America market of more than 5% of the global revenue with a market size of USD 81.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031. In Latin America, the Indoor Cycling market showcases promising growth prospects driven by the rising awareness of the importance of fitness and health among the population. Additionally, the growing urbanization and limited outdoor exercise spaces have spurred the demand for indoor fitness activities like cycling. Among various segments, the home sector emerges as the key driver of the market, as individuals seek convenient and effective ways to exercise from the comfort of their homes. Furthermore, the availability of affordable indoor cycling equipment and the influence of fitness trends from other regions contribute to market growth. In conclusion, the indoor cycling market in Latin America is propelled by increasing health consciousness, urbanization, and the preference for home fitness solutions, with the home segment leading the market's expansion. According to Cognitive Market Research, the Brazil Indoor Cycling market size was valued at USD 34.78 million in 2024 and is projected to rise at a CAGR of 10.2% during the forecast period. The indoor Cycling market has flourished in Brazil due to a growing fitness trend, increasing awareness of importance of the physical activity, and the popularity of indoor group exercise classes. The Argentina Indoor Cycling market had a market share of USD 13.65 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. The demand is augmented by a growing awareness of importance of the fitness and healthy lifestyles among consumers. The Colombia Indoor Cycling market is projected to experience the growth at a CAGR of 9.4% during the forecast period, with a market size of USD 7.23 million in 2024. The Peru Indoor Cycling market is projected to witness growth at a CAGR of 9.8% during the forecast period, with the market size of USD 6.66 million in 2024. The Chile Indoor Cycling market is projected to witness growth at a CAGR of 9.9% during the forecast period, with the market size of USD 5.85 million in 2024. The Rest of the Latin America, Indoor Cycling market, is projected to experience the growth at a CAGR of 8.7% during the forecast period, with a market size of USD 13.08 million in 2024. .

Middle East and Africa Indoor Cycling Market

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According to Cognitive Market Research, the global Indoor Cycling market size estimated at USD 1625.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 32.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031. MEA, the Indoor Cycling market, showcases promising growth prospects driven by a growing focus on fitness and health-conscious lifestyles among consumers. Additionally, the rise of boutique fitness studios and gym chains offering indoor cycling classes has contributed to market growth. The increasing adoption of indoor cycling as an effective cardiovascular workout and its appeal to individuals seeking low-impact exercise options further fuels demand. Among various segments, gyms and clubs emerge as the key drivers of the indoor cycling market in MEA. In conclusion, the MEA market for indoor cycling is experiencing growth propelled by consumer preferences for fitness-oriented lifestyles, the expansion of boutique fitness offerings, and the increasing popularity of indoor cycling classes in commercial fitness establishments. The GCC Countries Indoor Cycling market is projected to witness growth at a CAGR of 10.7% during the forecast period with a market size of USD 13.91 million in 2024. Indoor Cycling market flourish due to the growing awareness of health and fitness coupled with the rising number of boutique fitness studios and luxury gyms. The Egypt Indoor Cycling market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 3.41 million in 2024. The South Africa Indoor Cycling market is projected to experience the growth at a CAGR of 10.9% during the forecast period with a market size of USD 5.14 million in 2024. Indoor Cycling sales flourish in the South Africa due to the surging emphasis on health and fitness, coupled with the increasing availability of indoor cycling facilities and classes. The Turkey Indoor Cycling market is projected to experience the growth at a CAGR of 9.4% during the forecast period with a market size of USD 2.80 million in 2024. The Nigeria Indoor Cycling market is projected to experience the growth at a CAGR of 9.0% during the forecast period with the market size of USD 3.41 million in 2024. The Rest of the MEA Indoor Cycling market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 3.84 million in 2024. .

Indoor Cycling Market Analysis

Indoor Cycling Market Product Segment Analysis

According to Cognitive Market Research, recumbent stands out as the dominating category. Their ergonomic design provides superior comfort, making them appealing to a broad range of users, including those with back issues or mobility concerns. This inclusivity expands the potential customer base. Recumbent bikes also offer a low-impact workout, reducing strain on joints and muscles while still delivering effective cardiovascular exercise. Moreover, their user-friendly interface and adjustable settings accommodate varying fitness levels, enhancing accessibility. With an emphasis on comfort, versatility, and accessibility, recumbent indoor cycling products have emerged as the preferred choice for many consumers, driving their dominance in the market.

Upright emerges as the fastest-growing category in the Indoor Cycling market due to its versatile appeal and user-friendly design. Its compact size makes it suitable for home use, appealing to consumers seeking convenient fitness solutions. Moreover, its ergonomic design offers a comfortable and natural riding experience, attracting a broader demographic, including beginners and experienced cyclists alike. The upright format also lends itself well to virtual cycling experiences and interactive training programs, enhancing user engagement and satisfaction. As demand for accessible and efficient fitness options rises, the upright indoor cycling product stands out as a preferred choice, driving its rapid growth in the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Indoor Cycling Industry. Request a Free Sample PDF!

Indoor Cycling Market End User Segment Analysis

According to Cognitive Market Research, the dominating category is gyms & clubs. These establishments offer a wide range of fitness services, including indoor cycling classes, attracting a diverse clientele seeking convenient and comprehensive workout options. Additionally, gyms and clubs often invest in state-of-the-art cycling equipment, creating an immersive and engaging exercise experience for users. Their established infrastructure, expert instructors, and social atmosphere further enhance the appeal of indoor cycling, making gyms and clubs the preferred choice for many individuals looking to incorporate cycling into their fitness routines, thus solidifying their dominance in the market.

The fastest-growing category in the Indoor Cycling market is home due to the increasing preference for convenient and accessible fitness options has led many consumers to invest in home gym equipment, including indoor cycling bikes. The COVID-19 pandemic has further rushed this trend, with more people opting to work out from home to maintain social distancing. Additionally, advancements in technology have made home cycling setups more immersive and engaging, offering virtual classes and interactive training programs. As a result, the home indoor cycling market is rapidly expanding, catering to the evolving needs and lifestyles of fitness enthusiasts worldwide.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Indoor Cycling Distribution Channel Segment Analysis

According to Cognitive Market Research, the dominating category is offline channels. Brick-and-mortar fitness centers offer a tangible experience, including access to state-of-the-art equipment, personalized training sessions, and group classes led by certified instructors. This physical presence fosters a sense of community and motivation among participants, which is difficult to replicate online. Moreover, offline facilities often provide additional amenities such as spa services, social events, and nutritional guidance, enhancing the overall customer experience. These factors contribute to the sustained dominance of the offline channel in the indoor cycling market, attracting a diverse range of fitness enthusiasts.

The fastest-growing category in the Indoor Cycling market is online. Accessibility and convenience play pivotal roles as consumers increasingly seek flexible workout options that fit their busy lifestyles. Technological advancements have caused the proliferation of virtual cycling platforms offering immersive and interactive experiences catering to diverse fitness levels and preferences. Moreover, the global shift towards digitalization, particularly accelerated by the COVID-19 pandemic, has spurred heightened interest in remote fitness solutions. With an array of virtual classes, personalized training, and community engagement features, the online indoor cycling market is experiencing exponential growth, reshaping the fitness landscape.

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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