Smart Bike Market Scope And Analysis

Report Code : TIPRE00029748
Category : Electronics and Semiconductor

Status : Published
No. of Pages : 163

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Smart Bike Market Analysis, Size, and Growth (2023-2028)

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Smart Bike Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 1.43 Billion
Market Size by 2028	US$ 2.64 Billion
Global CAGR (2022 - 2028)	10.7%
Historical Data	2020-2021
Forecast period	2023-2028
Segments Covered	By Connectivity Bluetooth and Wi-Fi By Handle Type Fixed Handle Type and Moving Handle Type By Application Residential and Commercial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Echelon Fitness Multimedia LLC Garmin Ltd Keiser Corporation Life Fitness Nautilus Inc Peloton Interactive Inc Wahoo Fitness Johnson Health Tech MAD DOGG ATHLETICS

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.