UPRIGHT EXERCISE BIKE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Upright Exercise Bike Market, By Product Type (Magnetic Resistance Upright Bikes, Felt Pad Resistance Upright Bikes, Electromagnetic Resistance Upright Bikes, Air Resistance Upright Bikes, Others), By End User (Health Clubs/Gym, Home Consumer, Others), By Distribution Channel (Online, Offline), By Price Range (Low, Medium, High), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Upright Exercise Bike Market Regional Insights

North America is expected to be the largest market for upright exercise bike during the forecast period, accounting for over 35% of the market share in 2022. The growth of the market in North America is attributed to rising fitness consciousness, an increasing obese population, the presence of major market players, and high disposable incomes.
The Asia Pacific market is expected to be the second-largest market for upright exercise bike, accounting for over 25% of the market share in 2022. The growth of the market is attributed to the expanding middle-class population, improving consumer lifestyles, and growing adoption of smart bikes.
The Europe market is expected to be the fastest-growing market for upright exercise bike, with a CAGR of over 7% during the forecast period. The growth of the market in Europe is attributed to increasing health clubs and gyms, rising awareness about health and fitness, and the launch of innovative products.