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Turbo Trainer Market

Turbo Trainer Market Analysis, By Product Type (Wheel-on Turbo Trainer, Direct Drive Turbo Trainer), By End User (Personal, Commercial, Gymnasium, Others), By Distribution Channel (Online, Company Website, e-commerce Website, Offline, Specialty Stores, Others), & By Region – Global Market Insights 2022-2032

Analysis of Turbo Trainer Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Turbo Trainer Market Outlook (2022-2032)

The turbo trainers market is anticipated to increase from US$ 248.17 Million in 2022 to US$ 363.84 Million by 2032, registering a CAGR of 3.9% over the forecast period.

The increasing prevalence and participation in cycling sports are boosting the market for turbo trainers. Direct driver trainers, wheel-on trainers, smart trainers, and other varieties of turbo trainers are provided by market participants.

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Rapidly Expanding Fitness Industry Propels Turbo Trainer Market Forward

People all over the world have become more aware of the importance of leading a healthy lifestyle in recent years. Sedentary lifestyles are affecting the physical and mental health of a large portion of the world's population. This factor motivates them to engage in physical activities and workouts in order to stay fit.

Fitness has become a popular trend among millennials, rapidly expanding the global fitness industry. Regardless of the COVID-19 Pandemic's negative effects on the fitness industry, there has been a significant increase in the number of home gyms and fitness enthusiasts in the last two years.

The fitness industry is also still developing due to the shift in fitness trends from gyms to outdoor activities, at-home workouts, and digital options. All of these elements are accelerating the market growth for turbo trainers.

Report Attributes

Details

Market Size (2022)

US$ 248.17 Million

Projected Turbo Trainer Market Value (2032)

US$ 363.84 Million

Global Turbo Trainer Market Growth Rate

3.9%

Key Companies Profiled

  • Elite
  • Garmin Ltd.
  • Kurt Manufacturing
  • Minoura Co. Ltd.
  • Nautilus, Inc.
  • Saris
  • Technogym SpA
  • Wahoo Fitness
  • Jetblack Cycling
  • Wattbike Ltd.
Turbo Trainer Market

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Rise in Training Equipment Demand to Support Market Growth

It is predicted that during the assessment period, the overall growth of the global turbo trainer market will be significantly impacted by consumers' growing awareness of health and fitness issues in developed regions like North America and Europe.

Recent increases in cycling enthusiasts have significantly increased the demand for turbo trainers, which is expected to continue throughout the assessment period. Additionally, as the number of cyclists worldwide continues to expand, market participants participating in the current turbo trainer market environment are focusing more and more on enhancing the pedaling experience of end users.

Furthermore, the growing popularity of fitness equipment in educational institutions, commercial spaces, corporate offices, residential parks, sports training centers, and gymnasiums is fueling the turbo trainer market. The growing use of turbo trainers in various fitness training programs is expected to boost global demand for turbo trainers.

Due to increased demand, R&D activities have increased, with a focus on using lightweight materials for manufacturing turbo trainers. This factor is expected to have a positive impact on global turbo trainer market sales.

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Significant Opportunities for the Turbo Trainers Market Provided By Advancements In Indoor Cycling And Training Equipment

Due to rising urbanization, an increase in cyclists, and fitness training programs, turbo trainers are becoming more and more popular. Investment in R&D activities to create technologically advanced equipment and supportive training facility initiatives are a few other factors that support the demand for turbo trainers.

Additionally, users are favoring turbo trainers due to an increase in fitness consciousness. The market for turbo trainers has room to grow owing to the rising number of professional cyclists and business fitness facilities.

Furthermore, suppliers may collaborate with commercial fitness centers and gymnasiums to meet their needs by providing customized solutions in bulk quantities. These are the factors that will provide opportunities for the turbo trainer market to grow in the coming years.

Economic Slowdown to Stymie Turbo Trainer Market Growth

The spread of coronavirus has resulted in lockdowns in a number of countries, reducing consumer spending power. The lockdown has caused major social networks to go offline, causing an economic slowdown. The global turbo trainer market will be hampered by a decline in manufacturing activities across various industries around the world.

Another factor that could limit market growth is rising geopolitical tension, which affects the supply chain cycle and raises trade barriers. The turbo trainer market is likely to be restrained during the forecast period due to massive supply chain slowdown, falling business confidence, stock market volatility, growing panic among the population, and uncertainty about the future.

Segmentation Insights

Which Distribution Channel of Turbo Trainers to Witness Highest Demand?

The turbo trainers market is divided into specialty stores, online retail, and others based on the distribution channel. The specialty stores segment generated the most revenue, and the online retail segment is expected to generate the highest CAGR over the forecast period.

Online marketplaces, such as eBay and Amazon, enable businesses to set up an online store and sell goods in a short period of time, allowing entrepreneurs easy access to the market. Furthermore, sellers benefit from lower operating costs because they can save on labor, staff, or physical store setups.

How Big is the Opportunity for Product Type Turbo Trainers?

The turbo trainer market is divided into regular trainers and smart trainers based on the type of product. The segment for smart trainers had a larger revenue share and is anticipated to have the highest CAGR over the forecast period.

Indoor exercise is being revolutionized by smart trainers, which are interactive turbo trainers. These trainers have direct connections to the computers, tablets, or smartphones of the users. Utilizing applications, smart trainers let users control resistance as well as simulate the effects of hills, headwinds, and drafting in virtual environments (apps).

Which Application type is Projected to Boost the Market?

According to application, the market for turbo trainers may have an opportunity in the commercial fitness facilities market. In order to meet their needs, manufacturers can work with commercial gyms and fitness centers by supplying specialized products in large quantities.

In the forecast period, it is anticipated that the market demand from the retail and consumer sector will be driven by the quickly expanding number of health and fitness clubs and people's constantly evolving lifestyles.

Regional Insights

North America

Mexico, Canada, and the US make up the three regions of North America's turbo trainer market. This regional market is anticipated to experience significant growth in the upcoming year’s owing to significant investments made by manufacturers and the expansion of government initiatives to promote cycling.

How Well Does the Market Operate in the U.S.?

The US is one of the top markets for Turbo Trainers in the world. The market for turbo trainers is favored by an increase in disposable income, lifestyle modifications, and increased health consciousness.

Why is the Canada Market Expected to Be Highly Lucrative?

Technology advances and the introduction of machine learning applications have made it possible for real-world experience to be gained in a variety of smart turbo trainers, which is likely to increase the market's lucrative opportunities for regional players.

Europe

During the forecast period, the market in Europe is anticipated to grow at the highest CAGR.

How does Germany Fare in the Market?

The demand for indoor cycling for both fitness and leisure/recreation drives the Turbo Trainer market in the nation. Additionally, the market is anticipated to be driven in the upcoming years by consumers' preference for bicycles as a convenient form of exercise. Among millennials, smart turbo trainers are becoming more and more popular.

How do Growth Prospects Appear in the United Kingdom Market?

The rise in cycling enthusiasts' numbers over the past few years has significantly increased the demand for turbo trainers. Additionally, the high rate of obesity in the United Kingdom and growing interest in fitness support its expansion throughout Europe.

Asia Pacific

Due to the growing popularity of indoor sports and fitness training, the Asia-Pacific region is predicted to have the highest CAGR.

Why is the China Scrubber Dryer Market Expected to Upsurge?

Throughout the forecast period, China is likely to continue to experience significant gains. Rising personal disposable income, rapid globalization, westernization, modernization, and an increase in the number of gyms are some of the key market growth determinants for this region.

Comparative View of Adjacent Turbo Trainer Market

Turbo Trainer Market :

Attributes

Turbo Trainer Market

CAGR

(2022-2032)

3.9%

Market Value

(2027)

US$ 300.49 Mn

Growth Factor

Rapidly Expanding Fitness Industry

Opportunity

A Diverse Selection of Technologically Advanced Turbo Trainer Systems

Key Trends

Increased Interest in Smart Turbo Trainers

Automotive Turbocharger Market :

Attributes

Automotive Turbocharger Market

CAGR

(2022-2032)

7.6%

Market Value

(2027)

US$ 17.37 Billion

Growth Factor

Demand for turbochargers is expected to rise as demand for powerful and fuel-efficient gasoline-powered vehicles rises.

Opportunity

Increased adoption of turbochargers in passenger, commercial, and heavy-duty vehicles to improve fuel efficiency, as well as the emerging trend of light weighting engines in commercial vehicles, is driving the adoption of the vehicular turbo, owing to the increasing imposition of stringent automotive emission norms. This is likely to drive demand for automotive turbochargers.

Key Trends

The automotive turbocharger market is being driven by ever-changing mobility services and last-mile delivery.

Marine Turbochargers Market :

Attributes

Marine Turbochargers Market

CAGR

(2022-2032)

6.3%

Market Value

(2027)

US$ 862.68 Mn

Growth Factor

Marine turbocharger sales are being boosted by an increase in demand for marine boats caused by expanding seaborne commerce practices around the world.

Opportunity

The global market for marine turbochargers is expected to grow rapidly as seaborne trade and transportation operations expand, as well as the growing trend of marine tourism around the world.

Key Trends

The growing need to reduce operating costs and increase engine efficiency is likely to drive market growth.

Competitive Landscape

To meet the needs of end users, prominent players in the turbo trainer market are increasing their investments in cutting-edge products. Through mergers and acquisitions and partnerships with regional suppliers of indoor fitness equipment, manufacturers also intend to broaden their product line and geographic reach.

The turbo trainer industry is huge, with both domestic and international players. The turbo trainer industry is large, with both domestic and foreign competitors. The major players employ a variety of tactics to strengthen their market positions, including diversifying their product offerings, mergers, contracts, product upgrades, and acquisitions to increase their market share internationally.

Recent Development :

Date

Company Name

Strategy

Details

April 2020

Garmin Ltd.

Acquisition

Garmin Ltd. acquired Tacx B.V., a privately held Dutch company that designs and manufactures indoor bike trainers, indoor training software and applications, and tools and accessories, in April 2020.

March 2022

Kurt Workholding

Expansion

Kurt Workholding Expands its Facility with a New FMS Line

Kurt Workholding is putting in a new FMS (Flexible Manufacturing System) that includes a Mazak HCN-6000 Horizontal Machine and a Palletech System with a pallet pool of 28 stations.

September 2021

Nautilus, Inc.

Acquisition

Nautilus, Inc. Announces Acquisition of VAY, a Motion Technology Leader

The acquisition will enable Nautilus to scale its JRNY® digital platform by providing foundational technologies that will power the Company's vision and motion-tracking capabilities, which will allow for real-time data analysis during workouts. These capabilities will be integrated into Nautilus' JRNY platform to advance and accelerate highly personalized one-on-one workout experiences.

September 2021

Nautilus, Inc.

Partnership

FitOn and Nautilus, Inc. form a strategic partnership.

Nautilus, Inc. (NYSE: NLS), an innovator in connected home fitness, today announced a licensing agreement with leading digital fitness provider FitOn to enhance the JRNY® member experience by making hundreds of off-product workouts available at no additional cost via Nautilus' JRNY® digital fitness platform and app. FitOn's workout content is now fully integrated with a third-party fitness hardware solution for the first time.

August 2020

Nautilus, Inc.

Collaboration

Nautilus, Inc. collaborates with SEKO Logistics to distribute home fitness equipment in Europe.

Nautilus, Inc., the home fitness innovation leader for over 30 years, has announced a partnership with SEKO Logistics, a multi-national logistics and freight company, to expand its footprint in Europe and increase distribution of its Bowflex®, Schwinn®, and Nautilus® home fitness products.

SEKO Logistics specializes in supply chain solutions, transportation, logistics, forwarding, and warehousing, and will be expanding a new site in Rotterdam with Nautilus, Inc. as the first tenant operation.

Key Segments

  • By Product Type :

    • Wheel-on 
    • Direct Drive 
  • By End User :

    • Personal
    • Commercial
    • Gymnasium
    • Others
  • By Distribution Channel :

    • Online
      • Company Website
      • e-Commerce Website
    • Offline
      • Specialty Stores
      • Hypermarkets & Supermarkets
      • Others
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa

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The turbo trainer market size is anticipated to be over US$ 248.17 Mn in 2022.

The turbo trainer market is predicted to grow at a CAGR of 3.9% through 2032.

The turbo trainer market is expected to surpass US$ 363.84 Mn by 2032.

The North American turbo trainer market holds the highest revenue potential.

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