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Global Indoor Bike Trainers Market – Industry Trends and Forecast to 2030

FMCG

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Global Indoor Bike Trainers Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Feb 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Indoor Bike Trainers Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1,120.88 USD Million
Diagram Market Size (Forecast Year) USD 2,152.77 USD Million
Diagram CAGR %

Major Markets Players

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Global Indoor Bike Trainers Market, By Types (Smart Bike Trainers, Classic Bike Trainers), Resistance Type (Magnetic, Rollers, Fluid, Direct Drive, Others), Distribution Channel (Online, Offline) – Industry Trends and Forecast to 2030.

Indoor Bike Trainers Market

Indoor Bike Trainers Market Analysis and Size

Nowadays, people have shift towards a healthy life which led to them implementing fitness into their routines and regular exercise. The global millennial population is gradually choosing to lead a healthier lifestyle as a result of this, the demand for indoor bike trainer is on the rise. Furthermore, indoor bike trainers have emerged as ideal home fitness equipment, particularly for fitness enthusiasts and cyclists. The growing popularity of cycling as a fitness activity is anticipated to have a strong impact on the overall growth of the market during the forecast period.

Data Bridge Market Research analyses that the indoor bike trainers market is expected to reach USD 2152.77 million by 2030, which is USD 1120.88 million in 2022, registering a CAGR of 8.50% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.      

Indoor Bike Trainers Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Types (Smart Bike Trainers, Classic Bike Trainers), Resistance Type (Magnetic, Rollers, Fluid, Direct Drive, Others), Distribution Channel (Online, Offline)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Core Health & Fitness, LLC (U.S.), iFIT (U.S.), Rad Power Bikes Inc. (U.S.), Life Fitness (U.S.), Horizon Fitness (U.S.), Precor Incorporated (U.S.), Brunswick Corporation (U.S.), Landice (U.S.), Johnson Health Tech (U.S.), Paramount Group (U.S.), FreeMotion Fitness (U.S.), Kurt Manufacturing (U.S.), SOLE (U.S.), Smooth Fitness (U.S.), Octane Fitness (U.S.), NautilusThink Inc,  (U.S.), Sports Art (U.S.), Technogym S.p.a (Italy) and Schwinn (U.S.)

Market Opportunities

  • Increasing disposable income of people
  • Surging product launch

Market Definition

An indoor bike trainer is a equipment device that enables cyclists to train indoors by connecting their bicycle to the trainer. The trainer's resistance can be adjusted according to different terrains, making it highly possible to replicate outdoor rides while remaining stationary. This type of fitness device is popular among winter cyclists and athletes who live in cold-weather climates. Moreover, trainers can also increase athletes' performance by improving their pedalling efficiency and power output.

Indoor Bike Trainers Market Dynamics

Drivers

  • Increasing awareness regarding health and fitness

The increasing prevalence of chronic diseases such as obesity and diabetes worldwide has increased people's awareness of fitness and personal health. The number of fitness enthusiasts has been increasing among the adult and young populations of countries in Europe and North America in past few years. Lack of spaces to ride a bike, such as empty roads in cities and lack of space in parks, increases the demand for indoor bike trainers and is anticipated to drive the market growth during the forecast period.

  • Growing advancements in indoor cycling apps

Smart indoor bike trainers are high in demand among people becasue they connect with indoor cycling apps such as Wahoo SYSTM, Zwift, TrainerRoad and RGT Cycling, to control the trainer's replicate and resistance hills, drafting  and headwinds effects inside virtual worlds. The smart indoor bike trainers generally use ANT+ technology or Bluetooth to communicate with these devices, which then enable athletes or cyclists to track their workout data and control the resistance level. Thus, increasing demand for smart indoor bike trainers will be anticipated to further boost the market's growth.

Opportunities

  • Increasing disposable income of people

Disposable income is increasing worldwide due to the growth of various businesses, revenue, population surge, and literacy rate and employability. People are increasingly investing in health-related and leisure products. These, in turn, are anticipated to increase the demand for indoor bike trainers during the forecast period of 2023-2030. Moreover, indoor bike trainer companies are evolving their products to deal with the increasing demand for novel bike trainers. Therefore, the increasing disposable income of people is expected to create numerous growth opportunities for the market players during the forecast period.

  • Surging product launch

The surging product launches and other innovations by major market players will further offer numerous opportunities for the market growth. For instance, Nautilus Home Fitness, a home exercise equipment supplier, has launched a new type of equipment named Bowflex Max Trainer. The machine mainly focuses on cardio workouts which also helps build the upper body and engages it by over 80 percent. Using this equipment, individuals continue to burn calories even post-workout for up to 48 hours.

Restraints/ Challenges

  • Availability of various alternatives of hemp fabric

The high cost of raw materials, especially metals, such as steel and iron, is expected to hamper the market's growth. This has resulted an increase in the overall cost of workout equipment globally, which is anticipated to limit the market growth in the forecast period. Moreover, the high initial investment is further challenge the growth of the indoor bike trainers market in the forecast period of 2023-2030.

This indoor bike trainers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the indoor bike trainers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Global Indoor Bike Trainers Market

The outbreak of COVID-19 pandemic has affected various industries because governments all over the world implementing lockdowns or restriction as a safety measure. This led to many people investing in indoor gym equipment to keep their fitness and health in check. Working out also became a method of bringing down the stress levels and also increasing immunity. Many people ended up buying dumbbells, resistance bands, treadmills, cycles and more to augment their workouts' effectiveness. Moreover, indoor bike trainers also were helpful during pandemic period because majority of the people opted for this due to closure of fitness centers and gyms. These efforts helped to propel the growth of the market during pandemic.

Global Indoor Bike Trainers Market Scope

The indoor bike trainers market is segmented on the basis of types, resistance type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Types

  • Smart Bike Trainers
  • Classic Bike Trainers

 Resistance Type

  • Magnetic
  • Rollers
  • Fluid
  • Direct Drive
  • Others

Distribution Channel

  • Online
  • Offline

Indoor Bike Trainers Market Regional Analysis/Insights

The indoor bike trainers market is analyzed and market size insights and trends are provided by country, types, resistance type and distribution channel as referenced above.

The countries covered in the indoor bike trainers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the indoor bike trainers market in terms of revenue and market share owing to the increasing awareness regarding fitness and health in this region. Furthermore, growing popularity of cycling as a fitness activity and high adoption of technology by cyclists will further boost the market growth in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to rising disposable income in this region. Moreover, large presence of major market players will further boost the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Indoor Bike Trainers Market Share Analysis

The indoor bike trainers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to indoor bike trainers market.

Some of the major players operating in the indoor bike trainers market are:

  • Core Health & Fitness, LLC (U.S.)
  • iFIT (U.S.)
  • Rad Power Bikes Inc. (U.S.)
  • Life Fitness (U.S.)
  • Horizon Fitness (U.S.)
  • Precor Incorporated (U.S.)
  • Brunswick Corporation (U.S.)
  • Landice (U.S.)
  • Johnson Health Tech (U.S.)
  • Paramount Group (U.S.)
  • FreeMotion Fitness (U.S.)
  • Kurt Manufacturing (U.S.)
  • SOLE (U.S.)
  • Smooth Fitness (U.S.)
  • Octane Fitness (U.S.)
  • NautilusThink Inc, (U.S.)
  • Sports Art (U.S.)
  • Technogym S.p.a (Italy)
  • Schwinn (U.S.)


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FREQUENTLY ASK QUESTIONS

The Indoor Bike Trainers Market is projected to grow at a CAGR of 8.50% during the forecast period by 2030.
The future market value of the Indoor Bike Trainers Market is expected to reach USD 2152.77 million by 2030.
The major players in the Indoor Bike Trainers Market are Core Health & Fitness, LLC (U.S.), iFIT (U.S.), Rad Power Bikes Inc. (U.S.), Life Fitness (U.S.), Horizon Fitness (U.S.), Precor Incorporated (U.S.), Brunswick Corporation (U.S.), Landice (U.S.), Johnson Health Tech (U.S.), etc.
The countries covered in the Indoor Bike Trainers Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, etc.
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