The indoor cycling software market size is projected to reach US$ 386.49 million by 2031 from US$ 195.51 million in 2023. The market is expected to register a CAGR of 8.9% in 2023–2031. The rise in the importance of healthiness among people and growing disease due to unhealthy lifestyles are likely to remain key indoor cycling software market trends.
The growing awareness about the importance of regular physical activity to maintain a healthy lifestyle and to reduce the risks of health issues caused due to physical inactivity fuels the indoor cycling software market growth. Also, increasing disposable income, constantly changing healthy lifestyles, growing tech-savvy population propels the market growth further. In addition, indoor cycling gained wide adoption during the pandemic period, which has bolstered the market growth.
Indoor cycling gained popularity as it offers enormous benefits for physical and mental health. It is considered one of the most effective ways to lose weight. The integration of indoor cycles with software solutions helps the user to track their performance on the basis of distance, speed, and calories burnt and helps them to achieve their fitness goals. It provides engaging and interactive workouts that stimulate the real-world cycling experience. Many indoor cycling sessions offer virtual sessions led by the instructors.
The rising health consciousness among people post-pandemic period fuels the demand for indoor cycling worldwide. Exercising at home during the COVID-19 lockdown became mandatory for fitness enthusiasts, due to which the demand for indoor cycling has also increased. Regular exercise using indoor cycling helps people enhance their cardio-respiratory capacity, thus lowering the risk of cardiovascular disease. Indoor cycling also helps the individual to improve lungs and breathing capacity. People It helps to decrease asthma, the chronic lung disease, or chronic obstructive pulmonary disease (COPD). People are building a healthy lifestyle with a habit of working out on a regular basis. In addition, indoor cycling also helps to decraese stress and anxiety, lowers the risk of various diseases, has anti-depressive effects, and is highly efficient against bad cholesterol. Due to this, the demand for indoor cycling has increased, which further fosters the demand for indoor cycling software. The adoption of this software helps the user to track their daily goals based on the user’s needs and body type.
The awareness regarding the fitness is growing in the developing nations. In September 2019, the Centers for Disease Control and Prevention (CDC) reported that a lack of physical activity leads to heart disease, numerous malignancies, and type 2 diabetes. Health issues caused due to insufficient physical activity can cost US$ 117 billion yearly throughout the globe. Such information develops an awareness regarding the urgent need to be physically fit. The rise in internet penetration, rising urban population, and awareness about indoor cycling advantages are prominent factors that fuel the growth in developing nations and encourage them to adopt indoor cycling, which can further create opportunities for the indoor cycling software market.
Key segments that contributed to the derivation of the indoor cycling software market analysis are session type, application, and subscription type.
The geographic scope of the indoor cycling software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest indoor cycling software market share in 2023. Asia Pacific is expected to grow with the highest CAGR.
North America is an early adopter of technological solutions which leads to its soaring market share. The market growth in North America is attributed to the rising awareness regarding health issues. According to data published by the State of Child Obesity.Org in September 2020, adult obesity rates in the US exceed 35% in 12 states, 25% in 48 states, and 30% in 35 states. Thus, there is a rise in demand for activities that help in weight loss, fuelling the demand for indoor cycling, which has further fostered indoor cycling software.
The regional trends and factors influencing the Indoor Cycling Software Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Indoor Cycling Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 195.51 Million |
| Market Size by 2031 | US$ 386.49 Million |
| Global CAGR (2023 - 2031) | 8.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Session Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Indoor Cycling Software Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Indoor Cycling Software Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Indoor Cycling Software Marketis evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
The “Indoor Cycling Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global indoor cycling software market was estimated to be US$ 195.51 million in 2023 and is expected to grow at a CAGR of 8.9% during the forecast period 2023 - 2031.
The rise in air traffic and the launch of new airports are the major factors that propel the global indoor cycling software market.
The prevalence of obesity, diabetes, stress, and hypertension is anticipated to play a significant role in the global indoor cycling software market in the coming years.
The key players holding majority shares in the global indoor cycling software market are Bkool, S.L.; VirtualTraining s.r.o.; ROUVY; Wahoo Fitness; and Zwift Inc.
The global indoor cycling software market is expected to reach US$ 386.49 million by 2031.
The incremental growth expected to be recorded for the global indoor cycling software market during the forecast period is US$ 190.98 million.