10-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Indoor Cycling Software Market By Session Type (Group and Solo), By Application (Professional Training and Health & Fitness), and By App Type (Paid Apps and Free Apps): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global indoor cycling software market is predicted to be valued at approximately USD 13 million in 2018 and is expected to reach a value of around USD 29 million by 2027, at a CAGR of around 8.9 % between 2019 and 2027.
Major features of the indoor cycling software include structured training plans, 3d map rides, accurate data, connectivity, rider feedback, fully adjustable fit, and workout creator are fulfilling the consumer demands and this is predicted to speed up the demand for the software. Furthermore, the growing enforcement of technology in myriad sectors including health & fitness, professional training, and manufacturing is predicted to prompt the expansion of the overall market during the projected timeline.
Browse the full “Indoor Cycling Software Market By Session Type (Group and Solo), By Application (Professional Training and Health & Fitness), and By App Type (Paid Apps and Free Apps): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/indoor-cycling-software-market-by-session-type-group-113
Moreover, indoor cycling software is application software that is fitted on computers, mobile phones, and tablets to measure the type or quality of bike training given to individuals indoors. Apparently, key characteristics of indoor cycling software encompass performance analytics, structured workouts, training plans, calendars, and cross-platform accessibility. Apparently, the product also includes unlimited high-quality films, 3D map rides, structured training plans, live opponents, and workout creator.
Growing fitness concerns to steer the market progress by 2027
Massive awareness about the health & fitness among the young & old is likely to steer the expansion of the indoor cycling software industry during the forecast period. In addition to this, the rise in the middle-income group population and surge in desk jobs has prompted the demand for fitness activities in countries like India and China. Moreover, metro cities in these economies are overcrowded and streets are not suitable for outdoor cycling activities. This has led to gyms or fitness service providers offering indoor cycling amenities to its members. All these aforementioned aspects are likely to promote the market demand over the forecast timeline.
Furthermore, the rise in traffic and pollution is predicted to further promulgate the expansion of the indoor cycling software market during the forecast timeline. Nonetheless, growing investments made by the government to develop cycling tracks or lanes can cause a negative impact on the expansion of the indoor cycling sector. This, in turn, will obstruct the market surge during the forecast timeline.
Group segment to lead the session type landscape by 2027
The growth of the segment during the forecast period is due to the training of the individuals in groups either in training centres or in gyms.
Health & fitness segment to contribute majorly towards the overall market revenue share by 2027
The segmental expansion is credited to the immense popularity of the indoor cycling activities across the health & fitness segment during the forecast timeline.
Asia Pacific to register the highest CAGR during the period from 2019 to 2027
The market in the Asia Pacific region is predicted to record the highest growth rate of over 9% during the forecast timeline. The regional market expansion is attributed to a prominent bulge in the number of fitness service providers in countries like China and India.
Report Scope
Report Attribute |
Details |
Market Size in 2018 |
USD 13 million |
Projected Market Size in 2027 |
USD 29 million |
CAGR Growth Rate |
8.9% CAGR |
Base Year |
2018 |
Forecast Years |
2019–2027 |
Key Market Players |
Bkool, BODY BIKE, FulGaz, KINOMAP, Spivi, Tacx International B.V., The Sufferfest, Trainer Road, LLC, Virtu Cycling Group, VirtualTraining s.r.o., Zwift Inc., and Others |
Key Segment |
By Session Type, By Application, By App Type, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Some of the leading players in the global market include
Bkool, BODY BIKE, FulGaz, KINOMAP, Spivi, Tacx International B.V., The Sufferfest, Trainer Road, LLC, Virtu Cycling Group, VirtualTraining s.r.o., and Zwift Inc.
This report segments the Indoor Cycling Software market as follows:
By Session Type Segment Analysis
By Application Segment Analysis
- Professional Training
- Health & Fitness
By App Type Segment Analysis
By Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com
