Turbo Trainers Market size is estimated to expand at over 5.8% CAGR from 2023-2032 driven by the growing community of cycling enthusiasts worldwide.
With more individuals embracing cycling for fitness, recreation, and competitive training, the demand for indoor cycling solutions like turbo trainers is rising. Turbo trainers have emerged as an essential tool for off-season and indoor cycling experiences as enthusiasts seek year-round training options. Several manufacturers are responding to this trend by developing advanced and feature-rich turbo trainers for catering to the evolving needs of the growing population of cycling enthusiasts worldwide, accelerating the industry expansion. For instance, in September 2023, Wahoo introduced the Kickr Move turbo trainer and the Kickr Bike Shift smart bike, with an opposing approach and new motion capabilities for creating a more natural ride experience and improving user comfort.
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The overall industry is segmented into product type, resistance mechanism, price range, interaction type, usage, distribution channel, and region.
Based on product type, the wheel-on turbo trainers market is projected to gain significant traction at 5.4% CAGR from 2023-2032 owing to their simple setup and higher accessibility to both beginners and experienced riders. Given their ease of use and affordability, these turbo trainers are increasingly adopted by cycling enthusiasts. Additionally, the compatibility of wheel-on turbo trainers with various bike types is also enhancing their appeal. The surging popularity of virtual cycling platforms and the incessant need for affordable entry point for users seeking interactive indoor cycling experiences will boost the segment growth.
As per usage, the turbo trainers industry from the commercial segment generated considerable revenue in 2022 and is estimated to depict 4.9% growth rate between 2023 and 2032. The evolving fitness trends is spurring commercial establishments, such as gyms, fitness studios, and rehabilitation centers to increasingly incorporate turbo trainers into their facilities. Turbo trainers offer a versatile and efficient indoor cycling experience for catering to the demands of fitness enthusiasts and professionals alike. For instance, in September 2022, Zwift, an online fitness platform, introduced its turbo trainer, Zwift Hub for cyclists using indoor trainers. Furthermore, the growing emphasis on indoor cycling for fitness and training purposes is likely to foster the segment expansion.
Regionally, the Asia Pacific turbo trainers industry is set to experience 6.8% CAGR from 2023 to 2032. With the rising demand for indoor cycling and home fitness, consumers in China, India, and Japan are increasingly adopting turbo trainers. The growing awareness of health and wellness is resulting in the burgeoning fitness industry in the region. Additionally, the prevalence of cycling as a popular recreational activity is contributing to the uptake of turbo trainers for off-season training, augmenting the regional industry outlook.
Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Turbo Trainers market 360º synopsis, 2018 – 2032
2.2 Business trends
2.3 Regional trends
2.4 Product type trends
2.5 Resistance mechanism trends
2.6 Interaction type trends
2.7 Price range trends
2.8 Usage trends
2.9 Distribution channel trends
Chapter 3 Turbo Trainers Market Industry Insights
3.1 Impact of COVID-19
3.2 Industry ecosystem analysis
3.3 Technological overview
3.4 Key news and initiatives
3.4.1 Partnership/Collaboration
3.4.2 Merger/Acquisition
3.4.3 Investment
3.4.4 Product launch & innovation
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.2 Industry pitfalls & challenges
3.7 Consumer buying behavior analysis
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 PESTEL analysis
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