Smart Bikes Market Size, Share, Industry Growth by 2028
The smart bike market is valued US$ 1,431.77 million in 2022, it is expected to grow at a CAGR of 10.7% during 2022–2028
Incorporating smart bike riding into the daily exercise regimen can help lose body fat while improving cardiovascular health. The smart bikes have an inbuilt screen to show activity information. Also, the bike can be paired with smartwatches, smartphones, and tablets to monitor exercise goals set beforehand, track calories burnt, and watch infotainment content. Apart from being positively impacted by the COVID-19 pandemic, the global smart bike market growth is also driven by constantly changing lifestyles, growing e-commerce adoption, and rising youth population, as well as growing lifestyle-related health issues. For instance, adult obesity rates in the US exceeded 35% in 12 states, 25% in 48 states, and 30% in 35 states according to data published by the State of Child Obesity.Org in September 2020.
The demand for smart bikes in the market significantly increased during the COVID-19 crisis as fitness enthusiasts resorted to exercising at home. To provide convenience, smart bike industry players upgraded their products. For instance, in November 2021, Muoverti launched a TiltBike, enabling riders to balance and steer, accelerate and brake, and fully engage their body to simulate the riding experience. Similarly, other manufacturers have developed smart bikes to provide riders with a significant outdoor riding experience while being indoors. A few of these bikes are Wattbike, Flexbike, PowerMax BS-130, and Joroto Indoor Cycle. Wattbike provides accurate data, polar view, real ride feel technology, handlebar height, etc., thus giving the sensation of riding on the road. Flexbike is a Bluetooth-enabled smart bike. The Flexnest's app provides 3 types of bike workouts: quick, virtual, and class ride. Such advancements led to increased attractiveness of smart bikes to consumers, thereby promoting its purchase. Thus the smart bike market growth ensued.
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Smart Bike Market: Strategic Insights
Market Size Value in US$ 1,431.77 Million in 2022 Market Size Value by US$ 2,640.10 Million by 2028 Growth rate CAGR of 10.7% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Smart Bike Market: Strategic Insights
| Market Size Value in | US$ 1,431.77 Million in 2022 |
| Market Size Value by | US$ 2,640.10 Million by 2028 |
| Growth rate | CAGR of 10.7% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Smart Bike Market Growth
The continuous growth in COVID-19 patient pool size compelled government authorities to impose stringent travel bans across several countries in the first three quarters of 2020, which led to significant disruptions in the normal functioning of various industries. Implementing containment measures such as trade bans, travel restrictions, and workplace workforce limitations impacted lifestyle of most people. Hence, compelled to be indoors for a longer time, people searched for ideal indoor fitness equipment to maintain fitness. This provided huge growth opportunities for the market players globally.
Key smart bike market players witnessed a sharp increase in demand in 2020 since consumers were increasingly turning to advanced smart bikes to increase the attractiveness of indoor fitness. Hence, the pandemic positively impacted the smart bike market growth.
Market Insights – Smart Bike Market
Physical activities (e.g., cycling) increase secretion of hormones such as endorphins and serotonin, which improve individuals' health and help regulate mood, stress, and anxiety. Regular cycling promotes good cholesterol and lowers bad cholesterol. It helps reduce risks and delay the symptoms of degenerative diseases, such as Parkinson's or Alzheimer's disease. Regular exercise on a smart bike is good for toning legs, thighs, buttocks, and arms, as well as abdominal and back muscles. It also helps burn a lot of calories, thus making it effective for weight loss. The growing awareness regarding such benefits and different technological advantages of smart bikes has been promoting the smart bike market growth.
Application-Based Insights
The smart bike market, by application, is bifurcated into residential and commercial. The residential segment held a larger market share in 2021 and is expected to retain its dominance during the forecast period. Moreover, the segment is expected to be the fastest-growing segment during the forecast period. Due to various circumstances, including rising urbanization, sedentary lives, and demanding schedules of working professionals, there is increasing adoption of smart bikes for exercise that can be utilized in the comfort of one's own home to maintain a healthy lifestyle. Simultaneously, the growing desire for this equipment to treat numerous lifestyle diseases such as arthritis, diabetes, stroke, and cardiovascular problems is boosting segment and smart bike market growth.
The smart bike industry is segmented into connectivity, handle type, and application. Based on connectivity, the market is bifurcated into Bluetooth and Wi-Fi. By handle type, the smart bike market is categorized into fixed handle type and moving handle type. In terms of application, the market is bifurcated into residential and commercial.
Smart Bikes Market Report Scope
Based on geography, the smart bike market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Echelon Fitness Multimedia, LLC; Garmin Ltd.; Keiser Corporation; Life Fitness; Nautilus, Inc.; Peloton Interactive, Inc.; Wahoo Fitness; Johnson Health Tech; Mad Dogg Athletics; and Sole Fitness are key smart bike market players.
Smart bike market players are utilizing acquisition strategies to focus on growth.
- In April 2022, Blue Goji announced that they had acquired the assets and intellectual property of Interactive Fitness Holdings (IFH). Through the acquisition, Blue Goji will manage Expresso and CyberCycle exercise bikes. The company will pair Expresso Bikes with GojiPlay and CyberCycle Bikes with GojiCare, which will help the company attract more customers in the market.
- In April 2021, Peloton Interactive, Inc. acquired Precor, Inc., a global commercial fitness equipment provider. With this acquisition, Peloton established its US manufacturing capacity and development capabilities, accelerating Peloton's penetration of the commercial market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Connectivity, Handle Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
The global market size of the smart bike market by 2028 will be around US$ 2,640.10 million
Bluetooth segment holds a major market share of the smart bike market in 2022
The US is expected to hold a major market share of the smart bike market in 2022
India, China, Australia, Germany, and the US are expected to register high growth rates during the forecast period
Asia Pacific is expected to register the highest CAGR in the smart bike market during the forecast period (2022-2028)
Corporate wellness programs
Peloton Interactive, Inc.; Nautilus, Inc.; Johnson Health Tech. Co., Ltd.; Wahoo Fitness LLC; and Echelon Fitness Multimedia LLC are the key market players expected to hold a major market share of the smart bike market in 2022
1. Rising health consciousness
2. Technological advancement in smart bikes
The estimated global market size for the smart bike market in 2022 is expected to be around US$ 1,431.77 million
The smart bike market is expected to register an incremental growth value of US$ 1,208.33 million during the forecast period
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Smart Bike Market – By Connectivity
1.3.2 Smart Bike Market – By Handle Type
1.3.3 Smart Bike Market – By Application
1.3.4 Smart Bike Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Smart Bike Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Smart Bike Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Health Consciousness
5.1.2 Technological Advancement in Smart Bikes
5.2 Market Restraints
5.2.1 High Initial Investment
5.3 Market Opportunities
5.3.1 Rising Interest in Smart Bikes in Developing Nations
5.4 Future Trends
5.4.1 Corporate Wellness Programs
5.5 Impact Analysis of Drivers and Restraints
6. Smart Bike Market – Global Analysis
6.1 Global Smart Bike Market Overview
6.2 Smart Bike Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Smart Bike Market Analysis – By Connectivity
7.1 Overview
7.2 Smart Bike Market, By Connectivity (2021 and 2028)
7.3 Bluetooth
7.3.1 Overview
7.3.2 Bluetooth: Smart Bike Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Wi-Fi
7.4.1 Overview
7.4.2 Wi-Fi: Smart Bike Market – Revenue, and Forecast to 2028 (US$ Million)
8. Smart Bike Market Analysis – By Handle Type
8.1 Overview
8.2 Smart Bike Market Breakdown, By Handle Type, 2021 & 2028
8.3 Fixed Handle Type
8.3.1 Overview
8.3.2 Fixed Handle Type Market Revenue and Forecast to 2028 (US$ Million)
8.4 Moving Handle Type
8.4.1 Overview
8.4.2 Moving Handle Type Market Revenue and Forecast to 2028 (US$ Million)
9. Smart Bike Market Analysis – By Application
9.1 Overview
9.2 Smart Bike Market Breakdown, By Handle Type, 2021 & 2028
9.3 Residential
9.3.1 Overview
9.3.2 Residential Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial Market Revenue and Forecast to 2028 (US$ Million)
10. Smart Bike Market – Geographic Analysis
10.1 Overview
10.2 North America: Smart Bike Market
10.2.1 Overview
10.2.2 North America Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
10.2.3 North America Smart Bike Market Breakdown, By Connectivity
10.2.4 North America Smart Bike Market Breakdown, By Handle Type
10.2.5 North America Smart Bike Market Breakdown, By Application
10.2.6 North America Smart Bike Market Breakdown, by Country
10.2.6.1 US Smart Bike Market, Revenue and Forecast to 2028
10.2.6.1.1 US Smart Bike Market Breakdown, By Connectivity
10.2.6.1.2 US Smart Bike Market Breakdown, By Handle Type
10.2.6.1.3 US Smart Bike Market Breakdown, By Application
10.2.6.2 Canada Smart Bike Market, Revenue and Forecast to 2028
10.2.6.2.1 Canada Smart Bike Market Breakdown, By Connectivity
10.2.6.2.2 Canada Smart Bike Market Breakdown, By Handle Type
10.2.6.2.3 Canada Smart Bike Market Breakdown, By Application
10.2.6.3 Mexico Smart Bike Market, Revenue and Forecast to 2028
10.2.6.3.1 Mexico Smart Bike Market Breakdown, By Connectivity
10.2.6.3.2 Mexico Smart Bike Market Breakdown, By Handle Type
10.2.6.3.3 Mexico Smart Bike Market Breakdown, By Application
10.3 Europe: Smart Bike Market
10.3.1 Overview
10.3.2 Europe Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
10.3.3 Europe Smart Bike Market Breakdown, By Connectivity
10.3.4 Europe Smart Bike Market Breakdown, By Handle Type
10.3.5 Europe Smart Bike Market Breakdown, By Application
10.3.6 Europe Smart Bike Market Breakdown, by Country
10.3.6.1 Germany Smart Bike Market, Revenue and Forecast to 2028
10.3.6.1.1 Germany Smart Bike Market Breakdown, By Connectivity
10.3.6.1.2 Germany Smart Bike Market Breakdown, By Handle Type
10.3.6.1.3 Germany Smart Bike Market Breakdown, By Application
10.3.6.2 France Smart Bike Market, Revenue and Forecast to 2028
10.3.6.2.1 France Smart Bike Market Breakdown, By Connectivity
10.3.6.2.2 France Smart Bike Market Breakdown, By Handle Type
10.3.6.2.3 France Smart Bike Market Breakdown, By Application
10.3.6.3 Italy Smart Bike Market, Revenue and Forecast to 2028
10.3.6.3.1 Italy Smart Bike Market Breakdown, By Connectivity
10.3.6.3.2 Italy Smart Bike Market Breakdown, By Handle Type
10.3.6.3.3 Italy Smart Bike Market Breakdown, By Application
10.3.6.4 UK Smart Bike Market, Revenue and Forecast to 2028
10.3.6.4.1 UK Smart Bike Market Breakdown, By Connectivity
10.3.6.4.2 UK Smart Bike Market Breakdown, By Handle Type
10.3.6.4.3 UK Smart Bike Market Breakdown, By Application
10.3.6.5 Russia Smart Bike Market, Revenue and Forecast to 2028
10.3.6.5.1 Russia Smart Bike Market Breakdown, By Connectivity
10.3.6.5.2 Russia Smart Bike Market Breakdown, By Handle Type
10.3.6.5.3 Russia Smart Bike Market Breakdown, By Application
10.3.6.6 Rest of Europe Smart Bike Market, Revenue and Forecast to 2028
10.3.6.6.1 Rest of Europe Smart Bike Market Breakdown, By Connectivity
10.3.6.6.2 Rest of Europe Smart Bike Market Breakdown, By Handle Type
10.3.6.6.3 Rest of Europe Smart Bike Market Breakdown, By Application
10.4 Asia Pacific: Smart Bike Market
10.4.1 Overview
10.4.2 Asia Pacific Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
10.4.3 Asia Pacific Smart Bike Market Breakdown, By Connectivity
10.4.4 Asia Pacific Smart Bike Market Breakdown, By Handle Type
10.4.5 Asia Pacific Smart Bike Market Breakdown, By Application
10.4.6 Asia Pacific Smart Bike Market Breakdown, by Country
10.4.6.1 Australia Smart Bike Market, Revenue and Forecast to 2028
10.4.6.1.1 Australia Smart Bike Market Breakdown, By Connectivity
10.4.6.1.2 Australia Smart Bike Market Breakdown, By Handle Type
10.4.6.1.3 Australia Smart Bike Market Breakdown, By Application
10.4.6.2 China Smart Bike Market, Revenue and Forecast to 2028
10.4.6.2.1 China Smart Bike Market Breakdown, By Connectivity
10.4.6.2.2 China Smart Bike Market Breakdown, By Handle Type
10.4.6.2.3 China Smart Bike Market Breakdown, By Application
10.4.6.3 India Smart Bike Market, Revenue and Forecast to 2028
10.4.6.3.1 India Smart Bike Market Breakdown, By Connectivity
10.4.6.3.2 India Smart Bike Market Breakdown, By Handle Type
10.4.6.3.3 India Smart Bike Market Breakdown, By Application
10.4.6.4 Japan Smart Bike Market, Revenue and Forecast to 2028
10.4.6.4.1 Japan Smart Bike Market Breakdown, By Connectivity
10.4.6.4.2 Japan Smart Bike Market Breakdown, By Handle Type
10.4.6.4.3 Japan Smart Bike Market Breakdown, By Application
10.4.6.5 South Korea Smart Bike Market, Revenue and Forecast to 2028
10.4.6.5.1 South Korea Smart Bike Market Breakdown, By Connectivity
10.4.6.5.2 South Korea Smart Bike Market Breakdown, By Handle Type
10.4.6.5.3 South Korea Smart Bike Market Breakdown, By Application
10.4.6.6 Rest of APAC Smart Bike Market, Revenue and Forecast to 2028
10.4.6.6.1 Rest of APAC Smart Bike Market Breakdown, By Connectivity
10.4.6.6.2 Rest of APAC Smart Bike Market Breakdown, By Handle Type
10.4.6.6.3 Rest of APAC Smart Bike Market Breakdown, By Application
10.5 MEA: Smart Bike Market
10.5.1 Overview
10.5.2 MEA Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
10.5.3 MEA Smart Bike Market Breakdown, By Connectivity
10.5.4 MEA Smart Bike Market Breakdown, By Handle Type
10.5.5 MEA Smart Bike Market Breakdown, By Application
10.5.6 MEA Smart Bike Market Breakdown, by Country
10.5.6.1 South Africa Smart Bike Market, Revenue and Forecast to 2028
10.5.6.1.1 South Africa Smart Bike Market Breakdown, By Connectivity
10.5.6.1.2 South Africa Smart Bike Market Breakdown, By Handle Type
10.5.6.1.3 South Africa Smart Bike Market Breakdown, By Application
10.5.6.2 Saudi Arabia Smart Bike Market, Revenue and Forecast to 2028
10.5.6.2.1 Saudi Arabia Smart Bike Market Breakdown, By Connectivity
10.5.6.2.2 Saudi Arabia Smart Bike Market Breakdown, By Handle Type
10.5.6.2.3 Saudi Arabia Smart Bike Market Breakdown, By Application
10.5.6.3 UAE Smart Bike Market, Revenue and Forecast to 2028
10.5.6.3.1 UAE Smart Bike Market Breakdown, By Connectivity
10.5.6.3.2 UAE Smart Bike Market Breakdown, By Handle Type
10.5.6.3.3 UAE Smart Bike Market Breakdown, By Application
10.5.6.4 Rest of MEA Smart Bike Market, Revenue and Forecast to 2028
10.5.6.4.1 Rest of MEA Smart Bike Market Breakdown, By Connectivity
10.5.6.4.2 Rest of MEA Smart Bike Market Breakdown, By Handle Type
10.5.6.4.3 Rest of MEA Smart Bike Market Breakdown, By Application
10.6 SAM: Smart Bike Market
10.6.1 Overview
10.6.2 SAM Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
10.6.3 SAM Smart Bike Market Breakdown, By Connectivity
10.6.4 SAM Smart Bike Market Breakdown, By Handle Type
10.6.5 SAM Smart Bike Market Breakdown, By Application
10.6.6 SAM Smart Bike Market Breakdown, by Country
10.6.6.1 Brazil Smart Bike Market, Revenue and Forecast to 2028
10.6.6.1.1 Brazil Smart Bike Market Breakdown, By Connectivity
10.6.6.1.2 Brazil Smart Bike Market Breakdown, By Handle Type
10.6.6.1.3 Brazil Smart Bike Market Breakdown, By Application
10.6.6.2 Argentina Smart Bike Market, Revenue and Forecast to 2028
10.6.6.2.1 Argentina Smart Bike Market Breakdown, By Connectivity
10.6.6.2.2 Argentina Smart Bike Market Breakdown, By Handle Type
10.6.6.2.3 Argentina Smart Bike Market Breakdown, By Application
10.6.6.3 Rest of SAM Smart Bike Market, Revenue and Forecast to 2028
10.6.6.3.1 Rest of SAM Smart Bike Market Breakdown, By Connectivity
10.6.6.3.2 Rest of SAM Smart Bike Market Breakdown, By Handle Type
10.6.6.3.3 Rest of SAM Smart Bike Market Breakdown, By Application
11. Impact of COVID-19 Pandemic on Global Smart Bike Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 APAC: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 SAM Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Mergers and Acquisitions
13. Company Profiles
13.1 Echelon Fitness Multimedia, LLC.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Garmin Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Keiser Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Life Fitness
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Nautilus, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Peloton Interactive, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Wahoo Fitness
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Johnson Health Tech
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 MAD DOGG ATHLETICS
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 SOLE FITNESS
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Smart Bike Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Smart Bike Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Smart Bike Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. US Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe Smart Bike Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe Smart Bike Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. France Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 23. France Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. France Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific Smart Bike Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific Smart Bike Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. China Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 45. China Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. China Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 47. India Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 48. India Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. India Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA Smart Bike Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA Smart Bike Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 68. Saudi Arabia Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 71. UAE Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM Smart Bike Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 78. SAM Smart Bike Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM Smart Bike Market, by Connectivity – Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM Smart Bike Market, By Handle Type – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM Smart Bike Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Smart Bike Market Segmentation
Figure 2. Smart Bike Market Segmentation – By Geography
Figure 3. Global Smart Bike Market Overview
Figure 4. Bluetooth Segment Held the Largest Share of Smart Bike Market
Figure 5. Fixed Handle Type Segment Held the Largest Share of Smart Bike Market
Figure 6. Residential Segment Held the Largest Share of Smart Bike Market
Figure 7. APAC to Show Great Traction During Forecast Period
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. Asia-Pacific: PEST Analysis
Figure 11. Middle East and Africa: PEST Analysis
Figure 12. South America: PEST Analysis
Figure 13. Expert Opinion
Figure 14. Smart Bike Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Smart Bike Market
Figure 16. Smart Bike Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Smart Bike Market Revenue Share, By Connectivity (2021 and 2028)
Figure 18. Bluetooth: Smart Bike Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Wi-Fi: Smart Bike Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Smart Bike Market Breakdown, By Handle Type (2021 and 2028)
Figure 21. Fixed Handle Type Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Moving Handle Type Market Revenue and Forecast to 2028(US$ Million)
Figure 23. Smart Bike Market Breakdown, By Handle Type (2021 and 2028)
Figure 24. Residential Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Commercial Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Global Smart Bike Market Breakdown, by Region, 2021 & 2028 (%)
Figure 27. North America Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Smart Bike Market Breakdown, By Connectivity, 2021 & 2028 (%)
Figure 29. North America Smart Bike Market Breakdown, By Handle Type, 2021 & 2028 (%)
Figure 30. North America Smart Bike Market Breakdown, By Application, 2021 & 2028 (%)
Figure 31. North America Smart Bike Market Breakdown, by Country, 2021 & 2028 (%)
Figure 32. US Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. Europe Smart Bike Market Breakdown, By Connectivity, 2021 & 2028 (%)
Figure 37. Europe Smart Bike Market Breakdown, By Handle Type, 2021 & 2028 (%)
Figure 38. Europe Smart Bike Market Breakdown, By Application, 2021 & 2028 (%)
Figure 39. Europe Smart Bike Market Breakdown, by Country, 2021 & 2028 (%)
Figure 40. Germany Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 41. France Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 42. Italy Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 43. UK Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 44. Russia Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Europe Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 46. Asia Pacific Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 47. Asia Pacific Smart Bike Market Breakdown, By Connectivity, 2021 & 2028 (%)
Figure 48. Asia Pacific Smart Bike Market Breakdown, By Handle Type, 2021 & 2028 (%)
Figure 49. Asia Pacific Smart Bike Market Breakdown, By Application, 2021 & 2028 (%)
Figure 50. Asia Pacific Smart Bike Market Breakdown, by Country, 2021 & 2028 (%)
Figure 51. Australia Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 52. China Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 53. India Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 54. Japan Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 55. South Korea Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 56. Rest of APAC Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 57. MEA Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 58. MEA Smart Bike Market Breakdown, By Connectivity, 2021 & 2028 (%)
Figure 59. MEA Smart Bike Market Breakdown, By Handle Type, 2021 & 2028 (%)
Figure 60. MEA Smart Bike Market Breakdown, By Application, 2021 & 2028 (%)
Figure 61. MEA Smart Bike Market Breakdown, by Country, 2021 & 2028 (%)
Figure 62. South Africa Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 63. Saudi Arabia Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 64. UAE Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of MEA Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 66. SAM Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 67. SAM Smart Bike Market Breakdown, By Connectivity, 2021 & 2028 (%)
Figure 68. SAM Smart Bike Market Breakdown, By Handle Type, 2021 & 2028 (%)
Figure 69. SAM Smart Bike Market Breakdown, By Application, 2021 & 2028 (%)
Figure 70. SAM Smart Bike Market Breakdown, by Country, 2021 & 2028 (%)
Figure 71. Brazil Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 72. Argentina Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of SAM Smart Bike Market, Revenue and Forecast to 2028 (US$ Million)
Figure 74. Impact of COVID-19 Pandemic in North American Country Markets
Figure 75. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 76. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 77. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 78. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Smart Bike Market
- Echelon Fitness Multimedia, LLC.
- Garmin Ltd.
- Keiser Corporation
- Life Fitness
- Nautilus, Inc.
- Peloton Interactive, Inc.
- Wahoo Fitness
- Johnson Health Tech
- MAD DOGG ATHLETICS
- SOLE FITNESS
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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