Press release
Turbo Trainer Market Share, Assumptions & Limitations By Forecast To 2028
According to Premium Market Insights new research study on "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.
Get a Sample Copy of This Report@ https://www.premiummarketinsights.com/sample/TIP00073668/?utm_source=OpenPR&utm_medium=10655
Some Of the Major Players Influencing are Elite; Garmin Ltd.; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; Jetblack Cycling; and Wattbike Ltd. are the players operating in the turbo trainers market. These companies provide a wide range of products. The companies have their presence in developing regions. Market players are developing high-quality, innovative products to meet customer requirements.
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.
Based on product type, the turbo trainers market is segmented into regular trainers and smart trainers. In 2021, the smart trainers segment accounted for a larger revenue share and is expected to account for a higher CAGR over the forecast period. Smart trainers are interactive turbo trainers that are revolutionizing indoor training. These trainers connect directly with the consumers' computers, tablets, or smartphones. Smart trainers allow users to control resistance as well as to replicate hills, headwinds, and drafting effects within virtual worlds using applications (apps).
Based on distribution channel, the turbo trainers market is segmented into specialty stores, online retail, and others. In 2021, the specialty stores segment accounted for the largest revenue share, and the online retail segment is expected to account for the highest CAGR over the forecast period. Online marketplaces, such as eBay and Amazon, allow enterprises to set up an online store and sell goods in a shorter span, providing easy access to the market for entrepreneurs. Moreover, online retailing benefits sellers through lower operating costs as they can save on labor, staff, or physical store set-ups.
Inquiry Before Buying At: https://www.premiummarketinsights.com/inquiry/TIP00073668/?utm_source=OpenPR&utm_medium=10655
By region, the turbo trainers market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2021, North America held the largest share of the market. However, Europe is estimated to register the highest CAGR in the market during the forecast period.
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.
Order a copy of this research study at- https://www.premiummarketinsights.com/buy/TIP00073668/?utm_source=OpenPR&utm_medium=10655
The size of the global turbo trainers market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants, such as valuation experts, research analysts, and key opinion leaders-specializing in the turbo trainers market.
Table Of Contents
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Turbo Trainers Market Landscape
4.1 Market Overview
4.2 PEST Analysis: Turbo Trainers Market
4.2.1 PEST Analysis: North America Turbo Trainers Market
4.2.2 PEST Analysis: Europe Turbo Trainers Market
4.2.3 PEST Analysis: Asia Pacific Turbo Trainers Market
4.2.4 PEST Analysis: Middle East & Africa Turbo Trainers Market
4.2.5 PEST Analysis: South & Central America Turbo Trainers Market
4.3 Expert Opinions
5. Turbo Trainers Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapidly Flourishing Fitness Industry
5.1.2 Increased Demand for Smart Turbo Trainers
5.2 Market Restraints
5.2.1 High Initial Investment Requirements and Maintenance Costs
5.3 Market Opportunities
5.3.1 Growing Popularity of Indoor Cycling
5.4 Future Trends
5.4.1 Wide Range of Technologically Advanced Turbo Trainer Systems
5.5 Impact Analysis of Drivers and Restraints
Continued…...!
Get More Related Link - https://www.marketwatch.com/press-release/school-furniture-market-market-applications-analysis-and-global-share-by-forecast-2028-2023-06-02?mod=search_headline
Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@premiummarketinsights.com
Phone: +1-646-491-9876
About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.
Get a Sample Copy of This Report@ https://www.premiummarketinsights.com/sample/TIP00073668/?utm_source=OpenPR&utm_medium=10655
Some Of the Major Players Influencing are Elite; Garmin Ltd.; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; Jetblack Cycling; and Wattbike Ltd. are the players operating in the turbo trainers market. These companies provide a wide range of products. The companies have their presence in developing regions. Market players are developing high-quality, innovative products to meet customer requirements.
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.
Based on product type, the turbo trainers market is segmented into regular trainers and smart trainers. In 2021, the smart trainers segment accounted for a larger revenue share and is expected to account for a higher CAGR over the forecast period. Smart trainers are interactive turbo trainers that are revolutionizing indoor training. These trainers connect directly with the consumers' computers, tablets, or smartphones. Smart trainers allow users to control resistance as well as to replicate hills, headwinds, and drafting effects within virtual worlds using applications (apps).
Based on distribution channel, the turbo trainers market is segmented into specialty stores, online retail, and others. In 2021, the specialty stores segment accounted for the largest revenue share, and the online retail segment is expected to account for the highest CAGR over the forecast period. Online marketplaces, such as eBay and Amazon, allow enterprises to set up an online store and sell goods in a shorter span, providing easy access to the market for entrepreneurs. Moreover, online retailing benefits sellers through lower operating costs as they can save on labor, staff, or physical store set-ups.
Inquiry Before Buying At: https://www.premiummarketinsights.com/inquiry/TIP00073668/?utm_source=OpenPR&utm_medium=10655
By region, the turbo trainers market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2021, North America held the largest share of the market. However, Europe is estimated to register the highest CAGR in the market during the forecast period.
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.
Order a copy of this research study at- https://www.premiummarketinsights.com/buy/TIP00073668/?utm_source=OpenPR&utm_medium=10655
The size of the global turbo trainers market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants, such as valuation experts, research analysts, and key opinion leaders-specializing in the turbo trainers market.
Table Of Contents
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Turbo Trainers Market Landscape
4.1 Market Overview
4.2 PEST Analysis: Turbo Trainers Market
4.2.1 PEST Analysis: North America Turbo Trainers Market
4.2.2 PEST Analysis: Europe Turbo Trainers Market
4.2.3 PEST Analysis: Asia Pacific Turbo Trainers Market
4.2.4 PEST Analysis: Middle East & Africa Turbo Trainers Market
4.2.5 PEST Analysis: South & Central America Turbo Trainers Market
4.3 Expert Opinions
5. Turbo Trainers Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapidly Flourishing Fitness Industry
5.1.2 Increased Demand for Smart Turbo Trainers
5.2 Market Restraints
5.2.1 High Initial Investment Requirements and Maintenance Costs
5.3 Market Opportunities
5.3.1 Growing Popularity of Indoor Cycling
5.4 Future Trends
5.4.1 Wide Range of Technologically Advanced Turbo Trainer Systems
5.5 Impact Analysis of Drivers and Restraints
Continued…...!
Get More Related Link - https://www.marketwatch.com/press-release/school-furniture-market-market-applications-analysis-and-global-share-by-forecast-2028-2023-06-02?mod=search_headline
Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@premiummarketinsights.com
Phone: +1-646-491-9876
About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.
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