Global Turbo Trainer Market, By Product Type (Wheel-on Turbo Trainer and Direct Drive Turbo Trainer), End User (Personal and Commercial), Price Category (Below US$ 200, US$ 200-US$ 300, US$ 300-US$ 400, US$ 400-US$ 500, US$ 500-US$ 600, US$ 600-US$ 700, US$ 700-US$ 800, US$ 800-US$ 900, US$ 900-US$ 1,000, and Above US$ 1,000), Distribution Channel (Online and Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Turbo Trainer Market
The turbo trainer market is expected to be growing at a growth rate of 7.50% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of turbo trainer market. This rise in turbo trainer value can be attributed to the various factors such as increased focus of the product manufacturers on product innovations, growing demand for fitness and training equipment, growing popularity of e-commerce platforms especially in the developing economies and increasing personal disposable income. This signifies that the turbo trainer market value would stand tall by USD 580 million by 2028.
- In layman’s language, turbo trainer is equipment that clamp around the skewer of a bike's rear wheel, which allows one to ride the bicycle at a stationary place. This means that the turbo trainers enable to exercise cycling at the single spot. It is particularly used for indoor purposes and gives a feeling of riding a real bicycle.
Rising popularity of cycling and increasing personal disposable income are the major factors fostering the growth of the market. Growth and expansion of fitness industry especially in the developing economies, surge in the participation of youngsters and different kinds of sports, evolving consumer preferences for indoor fitness equipment and rise in the research and development activities in regards to the incorporation of lightweight materials are some other indirect market growth determinants. Growing penetration of e-commerce platforms, ever-rising population and rising globalization and westernization will also create lucrative and remunerative market growth opportunities in the long run.
- On the flip side, high costs associated with the initial investment and maintenance of bicycles will pose a major challenge to the growth of market in the long run. Fluctuations in the prices of raw material will further derail the market growth rate. Further, a large number of alternative sports and fitness related activities will also create hindrances for the market growth rate.
This turbo trainer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 turbo trainer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Turbo Trainer Market Scope and Market Size
The turbo trainer market is segmented on the basis of product type, end user, price category and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the turbo trainer market has been segmented into wheel-on turbo trainer and direct drive turbo trainer.
- On the basis of end user, the turbo trainer market is segmented into personal and commercial. Commercial segment is sub-segmented into gymnasium and others.
- On the basis of price category, the turbo trainer market is segmented into below US$ 200, US$ 200-US$ 300, US$ 300-US$ 400, US$ 400-US$ 500, US$ 500-US$ 600, US$ 600-US$ 700, US$ 700-US$ 800, US$ 800-US$ 900, US$ 900-US$ 1,000, and above US$ 1,000.
- On the basis of distribution channel, the turbo trainer market is segmented into online and offline. Online segment is sub-segmented into e-commerce and company-owned website. Offline segment is sub-segmented into speciality stores, hyper market, super market and others.
Turbo Trainer Market Country Level Analysis
The turbo trainer market is analysed and market size insights and trends are provided by country, product type, end user, price category and distribution channel as referenced above.
The countries covered in the turbo trainer 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, Israel, Egypt, South Africa, 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.
Asia-Pacific region is expected to score the highest CAGR owing to the rising popularity of indoor sports and fitness training. Asia-Pacific will continue to witness substantial gains during the forecast period. Rising personal disposable income, rapid globalization, westernization, modernization and surge in the number of gymnasiums are some major market growth determinants for this region.
The country section of the turbo trainer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Turbo Trainer Market Share Analysis
The turbo trainer 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 turbo trainer market.
The major players covered in the turbo trainer market report are ELITE, JetBlack Cycling., Kurt., Decathlon Sports India Pvt Ltd., MINOURA JAPAN, Tacx, Garmin Ltd., Technogym S.p.A., Wahoo Fitness., Wattbike, Stages Indoor Cycling LLC., Cycling Sports Group, Inc., Dorel Industries, Inc., CycleOps, BKOOL, S.L., GistGear, Conquer Equipment, Blackburn and Precor Incorporated among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.