North America Indoor Cycling Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Session Type (Solo and Group), Application (Professional Training and Health & Fitness), and Subscription Type (Monthly Subscription and Annual Subscription)
Market Introduction
Indoor cycling is an efficient way to exercise and train at home or at gyms & fitness centers. The importance of health and fitness among people is growing at a fast pace due to factors such as sedentary lifestyle, improper eating habits, and increasing number of lifestyle diseases among other factors across North America. In addition to this, the coronavirus pandemic has further aggravated the health concerns in North America. Owing to all these factors, the adoption of indoor exercise equipment such as indoor bikes has been increasing at an impressive pace. Hence, the demand for indoor bikes, trainers, and other related equipment is growing among individuals, athletes, fitness studios, gyms and other end-users across North America. In addition to this, the continuous advancements in indoor cycling software in terms of technology integration and addition of advanced features are further fueling the growth of North America indoor cycling software market. The growing adoption of health and fitness equipment’s in the region is also anticipated to propel the demand for indoor cycling software during the forecast period. Other factors such as rising demand among commercial fitness centers for enhanced customer experience is also expected to drive the North America indoor cycling software market growth.
In case of COVID-19, North America is highly affected specially the US. Presently, North America is the largest market of indoor cycling software. The region is characterized by the presence of developed nations such as US and Canada, where the demand of technology solutions & services is quite high owing to the huge presence of companies from various industry sectors. Indoor cycling industry has been flourishing at an impressive pace in the US due to high adoption among commercial and individual end-users which has affected the North America indoor cycling software market. With more and more companies continuing to adopt remote working and increasing consumption/demand for online content/social media, the demand for indoor cycling software among end-users has seen an increase in the past few months. The COVID - 19 outbreak has a positive impact on the growth of some industries such as video conferencing, desktop virtualization, and online media & entertainment streaming. Hence, it is anticipated that COVID-19 crisis will impact the growth North America indoor cycling software market in a positive manner
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Market Overview and Dynamics
The North America indoor cycling software market is expected to grow from US$ 50.15 million in 2019 to US$ 90.80 million by 2027; it is estimated to grow at a CAGR of 7.8 % from 2020 to 2027. Increasing health and fitness concerns is one of the major factor escalating the North America indoor cycling software market growth. The increasing pollution levels, busy lifestyles, and lack of proper cycling infrastructure coupled with ongoing coronavirus pandemic are some of the key factors that are driving the adoption of indoor exercise equipment such as indoor bikes and trainers across North America. The health and fitness concerns are rising at an alarming rate among people owing to the above mentioned factors and thus the demand of indoor cycling equipment is also increasing at an impressive pace across North America. The key benefits of indoor cycling include improvement in cardio fitness, weight loss, reduced body fat, high muscle strength, controlled workout/training options, and safety from external environmental factors such as pollution. Furthermore, with growing restrictions on outdoor activities due to lockdowns and social distancing norms, cyclists all around the North America are moving towards increased usage of indoor cycling. During past few months of lockdown measures, some of the largest retailers of indoor bikes have reported a significant increase in sales of their indoor cycling equipment across North America. Due to health and fitness concern, indoor cycling equipment are increasing, as a result the demand of indoor cycling software is also increasing, thereby driving the North America indoor cycling software market growth.
Key Market Segments
In terms of session type, the solo segment accounted for the largest share of the North America indoor cycling software market in 2019. In terms of application, the professional training segment held a larger market share of the North America indoor cycling software market in 2019. Further, the monthly subscription segment held a larger share of the North America indoor cycling software market based on subscription type in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on North America indoor cycling software market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are SpiviTech Ltd.; Stages Indoor Cycling LLC; Trainer Road, LLC; Wahoo Fitness; Zwift Inc.
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- To understand the North America indoor cycling software market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Indoor Cycling Software Market Segmentation
North America Indoor Cycling Software Market - By Session Type
- Solo
- Group
North America Indoor Cycling Software Market - By Application
- Professional Training
- Health & Fitness
North America Indoor Cycling Software Market - By Subscription Type
- Monthly Subscription
- Annual Subscription
North America Indoor Cycling Software Market - By Country
- US
- Canada
- Mexico
North America Indoor Cycling Software Market - Company Profiles
- SpiviTech Ltd.
- Stages Indoor Cycling LLC
- TrainerRoad, LLC
- Wahoo Fitness
- Zwift Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Indoor Cycling Software Market – By Session Type
1.3.2 North America Indoor Cycling Software Market – By Application
1.3.3 North America Indoor Cycling Software Market – By Subscription Type
1.3.4 North America Indoor Cycling Software Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Indoor Cycling Software Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Indoor Cycling Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Health and Fitness Concerns
5.1.2 Soaring Growth Potential
5.2 Market Restraints
5.2.1 Accessibility of Free Software Options and Scarcity of Awareness
5.3 Market Opportunities
5.3.1 Rising Demand among Commercial Fitness Centers for Enhanced Customer Experience
5.4 Future Trends
5.4.1 Integration of Modern Technologies for Improved Capabilities
5.5 Impact Analysis of Drivers and Restraints
6. Indoor Cycling Software Market – North America Analysis
6.1 North America Indoor Cycling Software Market Overview
6.2 North America Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
6.3 Market Positioning – Five Key Players
7. North America Indoor Cycling Software Market Analysis – By Session Type
7.1 Overview
7.2 North America Indoor Cycling Software Market, By Session Type (2019 and 2027)
7.3 Solo
7.3.1 Overview
7.3.2 Solo: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
7.4 Group
7.4.1 Overview
7.4.2 Group: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
8. North America Indoor Cycling Software Market Analysis – By Application
8.1 Overview
8.2 North America Indoor Cycling Software Market, By Application (2019 and 2027)
8.3 Professional Training
8.3.1 Overview
8.3.2 Professional Training: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
8.4 Health and Fitness
8.4.1 Overview
8.4.2 Health and Fitness: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
9. North America Indoor Cycling Software Market Analysis – By Subscription Type
9.1 Overview
9.2 North America Indoor Cycling Software Market, By Subscription Type (2019 and 2027)
9.3 Monthly Subscription
9.3.1 Overview
9.3.2 Monthly Subscription: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
9.4 Annual Subscription
9.4.1 Overview
9.4.2 Annual Subscription: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
10. North America Indoor Cycling Software Market – Country Analysis
10.1 Overview
10.1.1 North America: Indoor Cycling Software Market, by Key Country
10.1.1.1 US: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
10.1.1.1.1 US: Indoor Cycling Software Market, by Session Type
10.1.1.1.2 US: Indoor Cycling Software Market, by Application
10.1.1.1.3 US: Indoor Cycling Software Market, by Subscription Type
10.1.1.2 Canada: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
10.1.1.2.1 Canada: Indoor Cycling Software Market, by Session Type
10.1.1.2.2 Canada: Indoor Cycling Software Market, by Application
10.1.1.2.3 Canada: Indoor Cycling Software Market, by Subscription Type
10.1.1.3 Mexico: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
10.1.1.3.1 Mexico: Indoor Cycling Software Market, by Session Type
10.1.1.3.2 Mexico: Indoor Cycling Software Market, by Application
10.1.1.3.3 Mexico: Indoor Cycling Software Market, by Subscription Type
11. North America Indoor Cycling Software Market- COVID-19 Impact Analysis
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Zwift Inc.
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 SpiviTech 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 Stages Indoor Cycling LLC
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 Trainer Road, LLC
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 Wahoo Fitness
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Table 2. US: Indoor Cycling Software Market, by Session Type –Revenue and Forecast to 2027 (US$ Thousand)
Table 3. US: Indoor Cycling Software Market, by Application –Revenue and Forecast to 2027 (US$ Thousand)
Table 4. US: Indoor Cycling Software Market, by Subscription Type –Revenue and Forecast to 2027 (US$ Thousand)
Table 5. Canada: Indoor Cycling Software Market, by Session Type –Revenue and Forecast to 2027 (US$ Thousand)
Table 6. Canada: Indoor Cycling Software Market, by Application –Revenue and Forecast to 2027 (US$ Thousand)
Table 7. Canada: Indoor Cycling Software Market, by Subscription Type –Revenue and Forecast to 2027 (US$ Thousand)
Table 8. Mexico: Indoor Cycling Software Market, by Session Type –Revenue and Forecast to 2027 (US$ Thousand)
Table 9. Mexico: Indoor Cycling Software Market, by Application –Revenue and Forecast to 2027 (US$ Thousand)
Table 10. Mexico: Indoor Cycling Software Market, by Subscription Type –Revenue and Forecast to 2027 (US$ Thousand)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Indoor Cycling Software Market Segmentation
Figure 2. North America Indoor Cycling Software Market Segmentation – By Country
Figure 3. North America Indoor Cycling Software Market Overview
Figure 4. Solo Segment held the Largest Share of North America Indoor Cycling Software Market
Figure 5. Professional Training Segment held the Largest Share of North America Indoor Cycling Software Market
Figure 6. Monthly Subscription Segment held the Largest Share of North America Indoor Cycling Software Market
Figure 7. US to Show Great Traction During Forecast Period
Figure 8. North America: PEST Analysis
Figure 9. Expert Opinion
Figure 10. North America Indoor Cycling Software Market Impact Analysis of Drivers and Restraints
Figure 11. North America Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 12. North America Indoor Cycling Software Market Revenue Share, by Session Type (2019 and 2027)
Figure 13. North America Solo: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 14. North America Group: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 15. North America Indoor Cycling Software Market Revenue Share, by Application (2019 and 2027)
Figure 16. North America Professional Training: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 17. North America Health and Fitness: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 18. North America Indoor Cycling Software Market Revenue Share, by Subscription Type (2019 and 2027)
Figure 19. North America Monthly Subscription: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 20. North America Annual Subscription: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 21. North America: Indoor Cycling Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 22. US: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 23. Canada: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 24. Mexico: Indoor Cycling Software Market – Revenue and Forecast to 2027 (US$ Thousand)
Figure 25. Impact of COVID-19 Pandemic in North American Country Markets
- SpiviTech Ltd.
- Stages Indoor Cycling LLC
- TrainerRoad, LLC
- Wahoo Fitness
- Zwift Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America indoor cycling software market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the indoor cycling software market, as well as those hindering it
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