You're About To Expand Your Exercise Bike Sale Options The Boom in Exercise Bike Sales: Trends, Insights, and Future Projections In the last few years, stationary bicycle have proven to be a foundation of home fitness options, gaining tremendous appeal amongst consumers worldwide. This article digs into the characteristics of exercise bike sales, examining trends, numerous types of bikes on the market, key aspects driving sales, and forecasts for the future. Current Market Overview According to numerous market research and market reports, the global exercise bike market has actually experienced rapid development in the previous couple of years, driven mainly by an increasing interest in fitness, benefit, and technological improvements. The COVID-19 pandemic has actually considerably accelerated this trend, as many consumers sought to produce home gym setups amid gym closures. Market Statistics Since 2023, the international exercise bike market is valued at around ₤ 800 million, with projections anticipating it to exceed ₤ 1.5 billion by 2028. The following table details essential stats relating to market growth: Year Global Market Size (₤ billions) CAGR (%) 2020 0.6 - 2021 0.8 33.3 2022 1.0 25.0 2023 1.1 10.0 2028 1.5 9.4 CAGR (Compound Annual Growth Rate) measures the growth of a financial investment over a particular period, reflecting a substantial upward trend in stationary bicycle adoption. Types of Exercise Bikes The market offers a varied variety of exercise bikes accommodating numerous fitness levels, preferences, and budget plans. Here are the most typical types: 1.