The rising awareness of fitness and growing concerns of obesity among people has led to increase in recumbent bike market. The recumbent bike is a bike that positions the driver in a laid-back reclining position while driving the bike. The recumbent bike provides comfort to the back and the rider’s weight is distributed evenly over the large seating area. The recumbent bikes have better aerodynamic advantage over conventional bikes. The legs of the driver are positioned forward in recumbent bikes. The recumbent bikes are available in wide variety of options ranging from size of wheelbase to number of wheels in a recumbent bike.

COVID-19 scenario analysis:

Countries around the world have responded to the COVID-19 coronavirus with lockdowns, restrictions, and other solution.
Moreover, the pandemic caused massive disruption in business execution across the automotive industry.
The investments have been frozen and the advancements towards newer technologies have stopped.
However, due to rising level of obesity owing to lack of physical exercise during lockdown, the demand for fitness products is anticipated to people post lockdown. This, in turn, would grow the market of recumbent bike.

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The recumbent bikemarket trends are as follows:

New product launch to bolster the market

The recumbent bikes have gained heavy growth in recent years owing to the health benefits. Besides, the rising fitness concerns have raised globally. Additionally, the deteriorating environment have fueled the need to increase the fitness level. Moreover, recumbent bikes provide exciting option of cycling to the people who have back pain issues. Due to the rising popularity of recumbent bikes in past few years, the manufacturers have accelerated the launch of newer products in market to provide consumers with variety of options. For instance, in 2017, TerraTrike unveiled a new model in its line of recumbent bikes. The newer recumbent bike is suitable to drive on all terrain.

Electric driven recumbent bikes to drive the growth

The rise of electrification in automotive landscape has increased and the popularity for it has also escalated. The electric driven recumbent bikes are driven with the help of electricity as an energy source. Moreover, the electrification of recumbent bikes removes the hassle to lubricate the chain and other mechanical parts. Besides, the amount of human power required to drive the recumbent bike is saved due to electric power source. Due to this, the manufacturers are increasingly producing electric driven recumbent bikes. For instance, in 2019, Cruzbike T50e front drive electric recumbent bike was launched with lithium-ion battery and claimed a range of 20 miles.

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Key benefits of the report:

This study presents the analytical depiction of the recumbent bikeindustry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current recumbent bike market is quantitatively analyzed to highlight the growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed recumbent bike market analysis based on competitive intensity and how the competition will take shape in coming years.

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