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North America Turbo Trainers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product Type (Regular Trainers and Smart Trainers) and Distribution Channel (Specialty Stores, Online Retail, and Others)
Market Report I 2023-01-11 I 93 Pages I The Insight Partners
The North America turbo trainers market is expected to grow from US$ 91.50 million in 2022 to US$ 115.69 million by 2028. It is estimated to grow at a CAGR of 4.0% from 2022 to 2028.
Increased Demand for Smart Turbo Trainers
Smart turbo trainers connect directly with computers, tablets, and smartphones. These trainers utilize the performance data of consumers and allow them to cycle through a virtual world in real time, with a program replicating the consumer's real world, pedal power, speed, and cadence onscreen. Smart turbo trainers are gaining popularity among the youth, as hectic study or work schedules drive them toward home fitness activities. This makes youth among the major consumers of smart indoor fitness equipment, such as smart turbo trainers. These trainers also allow users to connect with other cyclists through apps. These apps allow people to keep up with their fitness goals without losing interest, as they can simultaneously indulge in fun games and real-life training scenarios. Smart trainers have emerged as ideal training equipment for cyclists as these instruments help them develop their skills and accelerate their cycling speed at home, without hindrance posed by the weather and road conditions, which may hamper their cycling schedules. Additionally, when doing structured workouts, a smart trainer automatically sets resistance to the exact prescribed wattage; it also records the overall performance to allow cyclists to compare their performances. Moreover, smart turbo trainers have the feature in which screen view on TV changes as per the change in mode of the trainer such as terrain, steep inclination, etc., this feature replicates outdoor and give the cyclist a realistic riding experience. Smart turbo trainers make indoor cycling much more fun and more productive. Hence, the growing popularity of smart turbo trainers among cyclists and fitness enthusiasts is propelling the overall turbo trainers North America turbo trainers market growth.
North America Turbo Trainers Market Overview
During the COVID-19 pandemic, people started realizing the importance of staying fit, having a healthy life, and doing regular exercises, such as cycling. Due to COVID-19-related restrictions, they started opting for indoor cycling equipment such as turbo trainers to reduce the risks of disorders, including heart diseases. Further, the rising number of cycling events and favorable government and employer initiatives are increasing the demand for turbo trainers as it helps cyclists to improve their cycling speed and skills. Also, a growing number of fitness products providers and centers are propelling the market growth. The rising prevalence of obesity across North America is proliferating; the need for turbo trainers is increasing among obese people, thus supporting the growth of the North America turbo trainers market. Moreover, there is a huge demand for turbo trainers in home gyms and community health clubs owing to the increasing participation of individuals in fitness activities in the region to ensure consistent exercise routines. Additionally, the effective growth in sedentary lifestyle is increasing the requirement for home fitness equipment such as turbo trainers across the region.
North America Turbo Trainers Market Revenue and Forecast to 2028 (US$ Million)
North America Turbo Trainers Market Segmentation
The North America turbo trainers market is segmented based on product type, distribution channel, and country.
Based on product type, the North America turbo trainers market is bifurcated into regular trainers and smart trainers. The smart trainers segment held a larger market share in 2022.
Based on distribution channel, the North America turbo trainers market is segmented into specialty stores, online retail, and others. The specialty stores segment held the largest market share in 2022.
Based on country, the North America turbo trainers market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US dominated the market share in 2022.
Elite; Garmin Ltd.; Jetblack Cycling; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; and Wattbike Ltd. are the leading companies operating in the North America turbo trainers market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners 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. North America Turbo Trainers Market Landscape
4.1 Market Overview
4.2 PEST Analysis: North America Turbo Trainers Market
4.3 Expert Opinions
5. North America 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
6. Turbo Trainers Market - North America Analysis
6.1 North America Turbo Trainers Market -Revenue and Forecast to 2028 (US$ Thousand)
7. North America Turbo Trainers Market Analysis - By Product Type
7.1 Overview
7.2 North America Turbo Trainers Market, By Product Type (2021 and 2028)
7.3 Regular Trainers
7.3.1 Overview
7.3.2 Regular Trainers: Turbo Trainers Market - Revenue and Forecast to 2028 (US$ Thousand)
7.4 Smart Trainers
7.4.1 Overview
7.4.2 Smart Trainers: Turbo Trainers Market - Revenue and Forecast to 2028 (US$ Thousand)
8. North America Turbo Trainers Market Analysis - By Distribution Channel
8.1 Overview
8.2 North America Turbo Trainers Market, By Distribution Channel (2021 and 2028)
8.3 Specialty Stores
8.3.1 Overview
8.3.2 Specialty Stores: Turbo Trainers Market - Revenue and Forecast to 2028 (US$ Thousand)
8.4 Online Retail
8.4.1 Overview
8.4.2 Online Retail: Turbo Trainers Market - Revenue and Forecast to 2028 (US$ Thousand)
8.5 Others
8.5.1 Overview
8.5.2 Others: Turbo Trainers Market - Revenue and Forecast to 2028 (US$ Thousand)
9. North America Turbo Trainers Market - Country Analysis
9.1 Overview
9.1.1 North America: Turbo Trainers Market, by Key Country
9.1.1.1 US: Turbo Trainers Market- Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.1.1 US: Turbo Trainers Market, By Product Type
9.1.1.1.2 US: Turbo Trainers Market, by Distribution Channel
9.1.1.2 Mexico: Turbo Trainers Market- Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.2.1 Mexico: Turbo Trainers Market, By Product Type
9.1.1.2.2 Mexico: Turbo Trainers Market, by Distribution Channel
9.1.1.3 Canada: Turbo Trainers Market- Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.3.1 Canada: Turbo Trainers Market, By Product Type
9.1.1.3.2 Canada: Turbo Trainers Market, by Distribution Channel
10. Industry Landscape
10.1 Overview
10.2 Product launch
11. Company Profiles
11.1 Elite
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Garmin Ltd.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Kurt Manufacturing
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Minoura Co. Ltd.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Nautilus, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Saris
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Technogym SpA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Wahoo Fitness
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Jetblack Cycling
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Wattbike Ltd.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America Turbo Trainers Market -Revenue and Forecast to 2028 (US$ Thousand)
Table 2. US Turbo Trainers Market, by Product Type - Revenue and Forecast to 2028 (US$ Thousand)
Table 3. US Turbo Trainers Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Thousand)
Table 4. Mexico Turbo Trainers Market, by Product Type - Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Mexico Turbo Trainers Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Canada Turbo Trainers Market, by Product Type - Revenue and Forecast to 2028 (US$ Thousand)
Table 7. Canada Turbo Trainers Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Thousand)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Turbo Trainers Market Segmentation
Figure 2. North America Turbo Trainers Market Segmentation - By Country
Figure 3. North America Turbo Trainers Market Overview
Figure 4. North America Turbo Trainers Market, By Product Type
Figure 5. North America Turbo Trainers Market, By Country
Figure 7. PEST Analysis: North America Turbo Trainers Market
Figure 8. Expert Opinions
Figure 9. North America Turbo Trainers Market Impact Analysis of Drivers and Restraints
Figure 10. North America: Turbo Trainers Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. North America Turbo Trainers Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. North America Regular Trainers: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 13. North America Smart Trainers: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 14. North America Turbo Trainers Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 15. North America Specialty Stores: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 16. North America Online Retail: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 17. North America Others: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 18. North America: Turbo Trainers Market, by Key Country - Revenue (2021) (US$ 'Thousand)
Figure 19. North America: Turbo Trainers Market Revenue Share, by Key Country (2021 and 2028)
Figure 20. US: Turbo Trainers Market- Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Mexico: Turbo Trainers Market- Revenue and Forecast to 2028 (US$ Thousand)
Figure 22. Canada: Turbo Trainers Market- Revenue and Forecast to 2028 (US$ Thousand)
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