The Worldwide Turbo Trainer Industry is Expected to Reach $311.9 Million by 2028 - ResearchAndMarkets.com
10 Nov 2022
DUBLIN--(BUSINESS WIRE)--The "Turbo Trainer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type and Distribution Channel" report has been added to ResearchAndMarkets.com's offering.
'Turbo Trainer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type and Distribution Channel'
The turbo trainers market is expected to grow from US$ 248.17 million in 2022 to US$ 311.92 million by 2028; it is expected to grow at a CAGR of 3.9% from 2022 to 2028.
The growth of the turbo trainers market is driven by the growing popularity and participation in cycling sport. Different types of turbo trainers offered by market players include direct driver trainers, wheel-on trainers, smart trainers, etc. Regular trainers are static devices that provide resistance to replicate the feeling of riding on roads. There is a high demand for regular trainers as they are affordable, and provide smooth and silent rides.
They are an effective option for fitness enthusiasts living in unpredictable climate conditions. Direct drive turbo trainers and wheel-on turbo trainers are among the major types of regular trainers. In direct drive turbo trainers, the rear wheel is removed, and the bike is connected to it via a standard cassette.
These are heavier and more expensive than wheel-on trainers. They generally offer a smooth and quiet ride, with many having built-in power meters that measure the level of exertion. In the case of wheel-on turbo trainers, the rear wheel of the bike stays on, set up against a roller. Wheel-on turbo trainers tend to be lighter, more portable, and cheaper than direct-drive trainers. They also tend to have an A-shaped frame that can be easily folded.
The North America turbo trainers market is segmented into US, Canada, and Mexico. With heavy investments by manufacturers and the rise in government initiatives for encouraging cycling sport, this regional market is expected to grow notably in the coming years. Additionally, a surge in disposable income, changes in lifestyles, and an increase in awareness about better health favor the turbo trainers market. Furthermore, advancements in technology and the introduction of machine learning applications are enabling real-life experience in various smart turbo trainers, which is likely to extend profitable opportunities for market players in the region.
People prefer to exercise with home fitness equipment such as turbo trainers that enables them to have flexible body workout sessions from the comfort of their living spaces. According to the survey data presented by Beachbody Company, 85% of respondents from the US agreed that they find at-home workouts more convenient and accessible than gym workouts. Further, 90% of adults in the US who exercise describe their at-home workouts as effective, and a majority (54%) say it has been highly effective.
Market Dynamics
Rapidly Flourishing Fitness Industry
Increased Demand for Smart Turbo Trainers
Restraints
High Initial Investment Requirements and Maintenance Costs
Opportunities
Growing Popularity of Indoor Cycling
Wide Range of Technologically Advanced Turbo Trainer Systems
Companies Mentioned
Elite
Minoura Co. Ltd.
Saris
Wahoo Fitness
Jetblack Cycling
Wattbike Ltd.
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