Global stationary cycle market is expected to grow with a compound annual growth rate of single digit during the forecast period. The growing health awareness and fitness concerns are the major factors behind the growth of global stationary cycle market.
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Stationary Cycle Market: Drivers & Restraints
The growth of global stationary cycle market is attributed with rising obesity, increase in the number of patients having cardiovascular and diabetic problems, increased disposable income allowing them to bear the healthcare expenses, growth in the number of urban population and government sanctioning the initiatives to increase health awareness.
The increasing number of health clubs, various conferences and activities being held to increase fitness consciousness, as well as technological advancements made to increase the functioning of stationary cycle is further driving the global stationary cycle market. The presence of other forms of fitness equipment, slackness in R&D and availability of secondhand equipment are some of the challenges for the growth of global stationary cycle market.
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Stationary Cycle Market: Segmentation
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Stationary Cycle Market: Region-wise Outlook
Asia-Pacific region has a high potential for global stationary cycle market due to growing urbanisation, increase in disposable income, growing awareness of health and fitness conscious people. The rising concerns for increasing obesity, cardiovascular and diabetic problems in North America, is driving the growth of global stationary cycle market.
North America followed by Europe has the largest market share for global stationary cycle market. Japan and Middle-East & Africa are also anticipated to witness robust growth of global stationary cycle market during the forecast period, with the changing trends in the lifestyle of the consumers.
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