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Indoor Cycling Workout Classes in the US Industry Data and Analysis
Indoor cycling studios have faced declines over the current period. The outbreak of COVID-19 hammered indoor cycling studios as social distancing and temporary closures led to a drop in memberships. Following the reopening of the economy and vaccine rollouts, pent-up demand led to strong growth in 2021. Still, indoor cycling studios have not fully recovered from pandemic-induced declines over the current period. The rise of at-home cycling classes like Peloton greatly hindered the recovery of indoor cycling studios as many consumers opted to continue using these services even as the economy reopened. Also, the growing popularity of other exercise classes has subdued growth. Revenue has been decreasing at a CAGR of 2.3% to total an estimated $4.4 billion in 2024, including an estimated decrease of 0.6% in 2024 alone. Climbing internal competition led many studios to hike wages to attract and retain skilled instructors, hindering profit growth.
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What's included in this industry analysis
IBISWorld's research coverage on the Indoor Cycling Workout Classes industry in the United States includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released January 2024.
About this industry
What's this industry report about?
The Indoor Cycling Workout Classes industry in the United States operates under the NAICS industry code OD6333. Indoor cycling studios offer fitness cycling classes using indoor stationary bikes. Indoor cycling studios also generate business through guest admissions and selling other products like merchandise, food and beverages to their members. Related terms covered in the Indoor Cycling Workout Classes industry in the United States include retention rate, cardiovascular fitness and aerobic.
What's included in this industry?
Products and services covered in Indoor Cycling Workout Classes industry in the United States include Memberships, Merchandise and Other.
What companies are included in this industry?
The Indoor Cycling Workout Classes industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Indoor Cycling Workout Classes industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Indoor Cycling Workout Classes industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Indoor Cycling Workout Classes industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Indoor Cycling Workout Classes industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Indoor Cycling Workout Classes industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Indoor Cycling Workout Classes industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Indoor Cycling Workout Classes industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Indoor Cycling Workout Classes industry in the United States.
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Frequently Asked Questions
What is the market size of the Indoor Cycling Workout Classes industry in the United States in 2026?
The market size of the Indoor Cycling Workout Classes industry in the United States is $4.4bn in 2026.
How many businesses are there in the Indoor Cycling Workout Classes industry in the United States in 2024?
There are 7,213 businesses in the Indoor Cycling Workout Classes industry in the United States, which has grown at a CAGR of 0.2 % between 2019 and 2024.
Has the Indoor Cycling Workout Classes industry in the United States grown or declined over the past 5 years?
The market size of the Indoor Cycling Workout Classes industry in the United States has been declining at a CAGR of 2.3 % between 2019 and 2024.
What is the forecast growth of the Indoor Cycling Workout Classes industry in the United States over the next 5 years?
Over the next five years, the Indoor Cycling Workout Classes industry in the United States is expected to grow.
What does the Indoor Cycling Workout Classes industry in the United States include?
Conducting fitness classes and Selling fitness apparel are part of the Indoor Cycling Workout Classes industry in the United States.
How competitive is the Indoor Cycling Workout Classes industry in the United States?
The level of competition is moderate and increasing in the Indoor Cycling Workout Classes industry in the United States.
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