Europe Indoor Cycling Software Market to Grow at a CAGR of 9.2% to reach US$ 123.24 Million from 2021 to 2028
The Europe indoor cycling software market is expected to grow from US$ 66.75 million in 2021 to US$ 123.24 million by 2028; it is estimated to grow at a CAGR of 9.2% during 2021–2028.
Indoor cycling is a convenient and effective technique to exercise and train at home or gyms and fitness facilities. People are placing a great emphasis on health and fitness due to various issues such as sedentary lifestyles, poor eating habits, high pollution levels, and an increase in the number of lifestyle diseases. Furthermore, global health issues have been exacerbated by the COVID-19 epidemic. As a result of these considerations, the popularity of indoor workout equipment, such as indoor bikes, has skyrocketed. Individuals, athletes, fitness studios, gyms, and other end-users are increasing their need for indoor bikes, trainers, and other associated equipment, which drives the growth of the Europe indoor cycling software market.
Based on session type, the Europe indoor cycling software market is bifurcated into solo and group. Based on application, the Europe indoor cycling software market is bifurcated into professional training and health and fitness. Based on subscription, the Europe indoor cycling software market is bifurcated into monthly subscriptions and annual subscriptions.
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Europe Indoor Cycling Software Market: Strategic Insights
Europe Indoor Cycling Software Market
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CAGR (2021 - 2028)
9.2%
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Market Size 2021
US$ 66.75 Million
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Market Size 2028
US$ 123.24 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- BKOOL S L
- Body Bike International A S
- Garmin Ltd
- Kinomap
- Wahoo Fitness
- Strava Inc
- SpiviTech Ltd
- VirtualTraining s r o
- Stages Indoor Cycling LLC
Regional Overview
- Europe
Market Segmentation
Session Type
- Solo and Group
Application
- Professional Training and Health & Fitness
Subscription
- Monthly Subscription and Annual Subscription
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Europe Indoor Cycling Software Market: Strategic Insights
-
CAGR (2021 - 2028)9.2% -
Market Size 2021
US$ 66.75 Million -
Market Size 2028
US$ 123.24 Million
Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Key Players
- BKOOL S L
- Body Bike International A S
- Garmin Ltd
- Kinomap
- Wahoo Fitness
- Strava Inc
- SpiviTech Ltd
- VirtualTraining s r o
- Stages Indoor Cycling LLC
Regional Overview
- Europe
Market Segmentation
- Solo and Group
- Professional Training and Health & Fitness
- Monthly Subscription and Annual Subscription
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Impact of COVID-19 Pandemic on Europe Indoor Cycling Software Market
The COVID-19 pandemic has prompted people across Europe to rethink their behavior while working, interacting with others, and moving. With numerous major countries such as Germany, the UK, and France, Europe is a critical zone for growth. The region offers lucrative opportunities for the growth of the Europe indoor cycling software market due to the widespread usage of innovative technological solutions across numerous sectors. All of these mentioned countries have a considerable number of businesses, particularly in the healthcare and fitness and training industries. A few of the primary factors driving the growth of the indoor cycling software market in Europe are the large presence of businesses using indoor cycling and the high acceptance of such software among professional trainers. Consequently, despite the COVID 19 outbreak, demand for indoor cycling software is expected to increase in the future. Russia, the UK, Spain, Italy, Germany, Turkey, and France are among the major countries affected by the COVID-19 outbreak. To control the spread of the novel coronavirus, governments in several European nations have implemented lockdowns/movement restrictions in various areas for several weeks. However, numerous European major countries are gradually loosening their limitations. Constraints on people's movement and outdoor activities propel the demand for indoor cycling equipment and software across the region, contributing to the growth of Europe indoor cycling software market.Europe Indoor Cycling Software Market InsightsSurging Adoption of Indoor Cycling Equipment Amid COVID-19 Boost The Demand For Europe Indoor Cycling Software Market
Indoor cycling dominates the fitness sector. Cycling and workout enthusiasts have been the major consumers of the indoor cycling. People prefer this cardio workout as they don't want an expensive cycling studio membership or a high-priced bike to achieve a rigorous workout session. However, due to the shuttering of gyms amid the COVID-19 pandemic, home workout practices have become increasingly popular. Cyclists are also preferring home workouts as alternatives to their typical fitness regimens. As a result, European businesses have seen a significant increase in sales. For instance, Wattbike reported a 110% rise in web sessions in March 2020, along with a 250% increase in sales activity. In April, it recorded a 300% increase in web sessions and a 350% surge in sales activity. Similarly, several businesses leveraged the COVID-19 situation to persuade individuals to stay active while being at home for prolonged periods. After British Cycling, a national governing body, suspended all sanctioned cycling events and imposed restrictions on club riding, RGT Cycling made all its premium features available for free to all indoor bikers from December 2020, which led to a rise in the adoption of indoor cycling equipment in Europe.Session Type-Based Europe Indoor Cycling Software Market Insights
Based on session type, the Europe indoor cycling software market is bifurcated into solo and group. The market participants are investing heavily in offering integrated indoor cycling experiences to enhance the experience of individual riders in a solo or group sessions. For example, in 2019, Bkool launched an integrated realistic direct drive indoor smart trainer with a flexible stand that allows the rider to swing up to 6° on the bike, thus providing enhanced overall rider experience.Application-Based Europe Indoor Cycling Software Market Insights
Based on application, the Europe indoor cycling software is bifurcated into professional training and health and fitness. The vendors of indoor cycling software are continually upgrading their solutions to deliver via apps and provide an explicit training goal for personalized workout classes. It allows riders to do workouts by subscribing to a training plan tailored to the target events for the rider. The indoor cycling software is majorly adopted by professional trainers and health & fitness centers to conduct group and solo sessions.Subscription -Based Europe Indoor Cycling Software Market Insights
Based on subscription, the Europe indoor cycling software market is bifurcated into monthly subscription and annual subscription. Customer billing offers many benefits on a recurring basis. Therefore, many organizations that used the pay-once, use-for-forever model earlier, now switch to the subscription business model. With a recurring billing model and high revenues and customer lifetime values (CLVs), the business could see substantial and continued growth in the coming years. Players operating in the Europe indoor cycling software market adopt various strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key market players are listed below:- In 2020, IRONSTAR partnered with Rouvy to add a few unique bike courses to the digital cycling platform.
- In 2020, Tour des Stations announced a multi-year partnership with Rouvy. As an official training partner, Rouvy will offer up to 11 main climbs of the Tour des Stations on its platform.
By Session Type
- Solo
- Group
By Application
- Professional Training
- Health and Fitness
By Subscription
- Monthly Subscription
- Annual Subscription
Company Profiles
- BKOOL, S.L.
- Body Bike International A/S
- Garmin Ltd.
- Kinomap
- Wahoo Fitness
- Strava, Inc.
- SpiviTech Ltd.
- VirtualTraining s.r.o.
- Stages Indoor Cycling LLC
- Zwift Inc
Europe Indoor Cycling Software Market Report Scope
Report Attribute | Details |
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Market size in 2021 | US$ 66.75 Million |
Market Size by 2028 | US$ 123.24 Million |
Global CAGR (2021 - 2028) | 9.2% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Session Type
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Regions and Countries Covered | Europe
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Session Type, Application, and Subscription
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
France, Germany, Italy, Russian Federation, United Kingdom
The List of Companies - Europe Indoor Cycling Software Market
- BKOOL, S.L.
- Body Bike International A/S
- Garmin Ltd.
- Kinomap
- Wahoo Fitness
- Strava, Inc.
- SpiviTech Ltd.
- VirtualTraining s.r.o.
- Stages Indoor Cycling LLC
- Zwift Inc.