According to The American College of Sports Medicine (ACSM), indoor cycling offers various benefits, including low-impact activity, improved muscular endurance, decreased stress levels, and lower risks of coronary artery disease. Integration of solutions with indoor cycles enables users to track and achieve their daily goals, based on individual needs and body types. In addition, health and fitness providers in countries, such as China and India are rapidly opting for indoor cycling software to integrate with their existing equipment. With this, health and fitness providers are focusing to cater the increasing fitness needs of individuals along with providing better in-house experience to the patients that requires physical activities. Furthermore, indoor cycling software vendors across the globe are constantly upgrading their solutions to deliver it through apps in order to provide more personalized workout classes on power output with an explicit training goal. It enables users to perform workouts through subscribing a training plan tailored to the user’s target events. Such factors are driving the implementation of global indoor cycling software market.
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Advancements in indoor cycling software offerings has led vendors to develop cycle specific software program to transform the indoor cycling community. For instance, iQniter launched BiQing, an indoor cycling specific software program that offers seamless integration of pre-designed, effort-based classes, with a customized screen display, especially designed for group cycling. Vendors are heavily investing so that they can offer solutions that are compatible with the modern indoor cycling hardware and can be synchronized with a speed sensor, smart trainer or power meter as well as deliver customized workouts and training plans. Furthermore, use of indoor cycling as medication is another factor boosting the implementation of technologically advanced solutions in indoor cycling software. On the basis of application, health & fitness is expected to hold the largest market share in the indoor cycling software market owing to increasing partnerships among professional cycling teams with these software vendors. For instance, in 2019, Team Novo Nordisk, a diabetes professional cycling team partnered with Kinomap, an end-to-end platform provider for creating, hosting, sharing and using motion videos for user-generated videos. With this partnership, the company enhanced its offerings, especially to cater to the requirements of Team Novo Nordisk. Such factors are contributing in the growth of global indoor cycling software market.
The detailed research study provides qualitative and quantitative analysis of indoor cycling software market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- In terms of revenue, global indoor cycling software market is expected to reach US$ 29.29 million by 2027.
- On the basis of session type, group segment is expected to witness highest CAGR of 9.0% over the forecast period.
- Based on application, health & fitness segment accounted for the maximum market share in 2018 and is expected to exhibit 8.7% CAGR over the forecast period.
- On the basis of app, paid apps segment is expected to witness highest CAGR of 9.1% over the forecast period.
- North American region accounted for major market share in 2018, followed by Europe and Asia Pacific region.
- Some of the players operating in the indoor cycling software market Bkool, BODY BIKE, FulGaz, KINOMAP, Spivi, Tacx International B.V., The Sufferfest, TrainerRoad, LLC., Virtu Cycling Group, VirtualTraining s.r.o, and Zwift Inc among others.
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Indoor cycling software Market:
- By Session Type
- By Application
- Professional Training
- Health & Fitness
- By App Type
- Paid Apps
- Free Apps
- By Geography
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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