The indoor cycling software market is expected to grow from US$ 142.1 million in 2019 to US$ 274.5 million by 2027. The indoor cycling software market is expected to grow at a CAGR of 8.6% during the forecast period of 2021 to 2027.
The key factor driving the market is growing importance of health and fitness among people. In addition to this, the coronavirus pandemic has further aggravated the health concerns worldwide. Increasing efforts of key players to introduce and develop new products is one of the major factor contributing towards the growth of the indoor cycling software market. Advances in the offerings of indoor cycling software have led vendors to develop cycle-specific software to transform the indoor cycling community. For example, iQniter launched BiQing, an indoor cycling-specific software program that offers seamless integration of pre-designed, effort-based classes, with a custom screen display explicitly designed for group cycling. Similarly, in 2019, FulGaz introduced an Apple TV app for indoor cycling, integrated with the indoor cycling system, and provides outdoor cycling routes.
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 in a positive manner.
The market for indoor cycling software is segmented into session type, application, subscription type, and geography. Based on session type, the indoor cycling software market is divided into Solo and Group. The solo segment is projected to be the largest segment over the forecast period from 2021 to 2027. On the basis of application, the market is divided into professional training and health & fitness. The professional training segment contributed a substantial share in 2020, and it is also anticipated to be the fastest growing application owing to the increasing integration of training & professional workout sessions by market players operating in the global indoor cycling software market. Based on subscription type, the indoor cycling software market is divided into monthly subscription and annual subscription. The monthly subscription segment held the largest share whereas annual subscription segment is anticipated to be fastest growing owing to cost saving benefits of such plans.
Lucrative Regions in Indoor Cycling Software Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Indoor cycling software Market Insights
High Growth Potential in Developing Countries
Asia Pacific is a key region for the future market growth of both indoor cycling equipment and indoor cycling software. The region is characterized by the presence of some of the largest developing countries such as China, India and various South East Asian countries. The continuous increase in disposable income level, rise in middle class population, high demand for consumer electronics, fast growing population, and alarming pollution levels in some Asian countries are the key factors that are driving the demand for indoor exercise equipment in the APAC region. APAC region is also a hub for world’s largest IT firms concentrated in countries such as India, the presence of large MNCs in various other Asian countries has led to a large number of desk jobs.
Session Type -Based Market Insights
The indoor cycling workouts ranges from group classes at specialized cycling studios and gyms to solo rides at home. The market participants are investing heavily in offering integrated indoor cycling experiences to enhance the experience of individual rider’s in a solo or group sessions. In 2019, for example, Bkool launched an integrated realistic direct drive indoor smart trainer with a flexible stand that allows the rider to swing up to 6 ° on the bike, thus providing enhanced overall rider experience. The market for indoor cycling software is bifurcated into Solo and Group based on the session type.
Indoor cycling software Market, by Session Type– 2021 and 2027
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Application -Based Market Insights
Based on Application, the indoor cycling software market is segmented into: Professional Training and Health and Fitness. The vendors of Indoor cycling software are continually upgrading their solutions worldwide to deliver via apps and provide an explicit training goal for more personalized workout classes. It allows riders to do workouts by subscribing to a training plan tailored to the target events for the rider. The indoor cycling software is majorly adopted by professional trainers, health & fitness centers for conducting group conducting and solo sessions. These centers mainly use paid applications to provide riders who are not covered by free services with training sessions.
Subscription Type -Based Market Insights
Based on subscription type, the indoor cycling software market is bifurcated into: Monthly Subscription and Annual Subscription. The monthly subscription type led the indoor cycling software market in 2020. The annual subscription type is anticipated to grow at the highest CAGR during the forecast period. The annual subscription model is suitable for those individuals who are confident that they'll be using the software it for a year or longer.
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Indoor Cycling Software Market: Strategic Insights
Market Size Value in US$ 142.1 million in 2019 Market Size Value by US$ 274.5 million by 2027 Growth rate CAGR of 8.6% from 2021-2027 Forecast Period 2021-2027 Base Year 2021
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Indoor Cycling Software Market: Strategic Insights
| Market Size Value in | US$ 142.1 million in 2019 |
| Market Size Value by | US$ 274.5 million by 2027 |
| Growth rate | CAGR of 8.6% from 2021-2027 |
| Forecast Period | 2021-2027 |
| Base Year | 2021 |
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Players operating in the Indoor cycling software market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the indoor cycling software market. A few developments by key players of the indoor cycling software market are:
In July 2020, Rouvy in partnership with IRONMAN released the new IRONMAN 70.3 Kona course. The route is situated on the rugged tropical island of Hawaii..
In May 2020, Elite Cycling joined forces with Bkool to present Elite Cup. The league started in June 2020 and featured six routes.
Indoor Cycling Software Market – By Session Type
- Solo
- Group
Indoor cycling software Market – by Application
- Professional Training
- Health and Fitness
Indoor Cycling Software Market – By Subscription Type
- Monthly Subscription
- Annual Subscription
Indoor cycling software Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Russia
- UK
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- SAM
- Brazil
- Argentina
- Rest of SAM
Indoor Cycling Software Market – Company Profiles
- BKOOL, S.L.
- FulGaz
- Kinomap
- SpiviTech Ltd.
- Stages Indoor Cycling LLC.
- Tacx International B.V.
- Trainer Road, LLC
- VirtualTraining s.r.o.
- Wahoo Fitness
- Zwift Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Session Type , Application , and Subscription Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The market for indoor cycling software is bifurcated into solo and group based on the session type. The solo segment held the largest market share in the base year, i.e., 2019. One of the greatest advantages of a solo indoor cycling session is the flexibility that solo workouts offers to users.
The growing importance of health and fitness among global population coupled with rising pollution levels in cities are some of the key driving factors that are driving the demand for indoor cycling equipment and software market. Also, the increasing technology integration and adoption of indoor cycling software among studios, gyms, and fitness centers for providing enhanced customer experience are anticipated to drive the future growth of indoor cycling software market.
The indoor cycling software market is led by North America in 2019, followed by Europe and the APAC region. The growth of the market is mainly driven by the presence of leading market players in the region, such as Zwift Inc., Stages Indoor Cycling LLC, and SpiviTech Ltd., among others.
The List of Companies - Indoor Cycling Software Market
- BKOOL, S.L.
- FulGaz
- Kinomap
- SpiviTech Ltd.
- Stages Indoor Cycling LLC.
- Tacx International B.V.
- Trainer Road, LLC
- VirtualTraining s.r.o.
- Wahoo Fitness
- Zwift Inc.
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