Turbo Trainer Market Size & Share | Global Industry Trends 2028

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Turbo Trainer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Regular Trainers and Smart Trainers) and Distribution Channel (Specialty Stores, Online Retail, and Others)

Publication Month: Sep 2022 | Report Code: TIPRE00029734 | No. of Pages: 131 | Category: Consumer Goods | Status: Published

The turbo trainer market is valued US$ 248.17 million in 2022; it is expected to grow at a CAGR of 3.9% from 2022 to 2028.

Turbo trainers are stationary devices on which a bike can be clamped for indoor cycling. They provide a form of resistance that replicates the act of cycling on roads, climbing, and sprinting. These devices allow people to change the extent of resistance based on their requirements. The rising health concerns among people owing to the increasing prevalence of obesity, diabetes, high blood pressure, and heart diseases are driving the demand for turbo trainers. Sedentary work culture leads to many health ailments, and people are unable to join gyms and fitness clubs due to their busy schedules, which is driving the trend of home workouts such as indoor cycling. Regular cycling can increase cardiovascular fitness, enhance muscle strength and flexibility, improve joint mobility, decrease stress levels, correct posture and coordination, strengthen bones, decrease body fat levels, prevent various diseases, and reduce anxiety and depression. The COVID-19 pandemic further underlined the importance of health and fitness in the last two years.

Indoor cycling equipment may help users meet their daily physical activity requirements without stepping out of their homes. Turbo trainers can be used for indoor cycling; their easy availability and cost-effectiveness, and the ability to put less strain on the spine and lower body make turbo trainers suitable equipment for indoor cycling. Thus, the growing popularity of indoor cycling is likely to provide notable growth opportunities for the turbo trainer market players in the coming years.

In 2021, North America held the largest revenue share of the global Turbo Trainer Market, while Europe is expected to register the highest CAGR during the forecast period. The rising number of cycling events, and favorable initiatives from governments and employers are bolstering the demand for turbo trainers, as these instruments help cyclists improve their cycling speed and skills. Also, a growing number of fitness products providers and centers are propelling the turbo trainer market growth in the region.

Strategic Insights

Report Coverage - Turbo Trainer Market
Report CoverageDetails
Market Size Value inUS$ 248.17 Million in 2022
Market Size Value byUS$ 311.92 Million by 2028
Growth rateCAGR of 3.9% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages131
No. of Tables58
No. of Charts & Figures71
Historical data availableYes
Segments coveredProduct Type and Distribution Channel
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Turbo Trainer Market

Many businesses recovered as governments of various countries eased the restrictions that were imposed after the initial months of lockdown in 2020. The introduction of the COVID-19 vaccine further eased the situation, triggering business activities across the world. The resumption of operations in the manufacturing units positively impacted the Turbo Trainer Market. Moreover, manufacturers have managed to overcome the demand and supply gap as they are permitted to operate at full capacities.

Turbo trainer market Breakdown, by Region, 2021

Turbo trainer market Breakdown, by Region, 2021

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Market Insights

The increasing prevalence of obesity, heart diseases, hypertension, high cholesterol, cancer, etc., further favors the growth of the fitness industry, as fitness is perceived as one of the key precautionary ways of avoiding these health issues. Home workouts eradicated the inconvenience faced by people in commuting to gyms amid the social restrictions imposed by governments in response to the COVID-19 pandemic; moreover, these workout habits prove extremely cost-effective in the long run. Turbo trainers allow cyclist and fitness enthusiasts to have an effective work out session in harsh weather conditions such as heavy rains or cold winters. Moreover, hectic schedules and long working hours, crowded fitness centers, and issues regarding vehicle parking are among other factors driving people away from gyms, compelling them to opt for home workouts, thereby contributing to the growth of the Turbo Trainer Market.

Material Insights

Based on distribution channel, the turbo trainer market is segmented into specialty stores, online retail, and others. In 2021, the specialty stores segment accounted for a larger revenue share, and the online retail segment is expected to account for a higher CAGR during the forecast period. Despite intense rivalry based on price and convenience, specialty shops can still provide customers with a wide selection of niche goods, along with enhancing their experience using expert product knowledge. Decathlon and Recreational Equipment, Inc. are a few of the specialty stores offering a wide range of turbo trainers. Bespoke Gresham Street stores allow consumers to have a complete Wahoo KICKR Experience at their stores. Consumers can try out the products and get advice from the experts; these demos increase the possibilities of product sales. The stores also allow consumers to bring their own bikes and try them out with the turbo trainers.

Turbo Trainer Market, by Distribution Channel – 2021 and 2028

Turbo Trainer Market, by Distribution Channel – 2021 and 2028

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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 Trainer Market. These companies provide a wide range of products for the market. The companies have their presence in developing regions, which are providing them lucrative growth opportunities. They are developing high-quality, innovative products to meet varied customer requirements.

Report Spotlights

  • Progressive industry trends in the turbo trainer market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the turbo trainer market size from 2020 to 2028
  • Estimation of global demand for turbo trainers
  • PEST analysis to illustrate the political, economic, social, and technological trends in the turbo trainers industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, and factors driving and restraining the growth of the Turbo Trainer Market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the turbo trainer market at various nodes
  • Detailed overview and segmentation of the market, as well as the turbo trainers industry dynamics
  • Turbo trainer market size in various regions with promising growth opportunities

The "Global Turbo trainer market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the market trend analysis. The report aims to provide an overview of the market with detailed market segmentation.

The turbo trainer market is segmented on the basis of product type, distribution channel, and geography. Based on product type, the market is segmented into regular trainers and smart trainers. Based on distribution channel, the turbo trainer market is segmented into specialty stores, online retail, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

Company Profiles

Elite; Garmin Ltd.; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; Jetblack Cycling; and Wattbike Ltd. are the prominent players operating in the turbo trainer market.

Frequently Asked Questions

The major players operating in the global turbo trainer market is Elite; Garmin Ltd.; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; Jetblack Cycling; and Wattbike Ltd.
In 2021, North America accounted for the most extensive share of the global turbo trainer market. 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.
The market for turbo trainers is growing as a result of rapidly flourishing fitness industry. With the shift in fitness trends from gyms to outdoors, home fitness, and digital options, the fitness industry continues to evolve further. All these factors are boosting the turbo trainer market growth.
Based on the product type segment, smart trainers is expected to be the fastest-growing segment in 2021. Smart turbo trainers are gaining popularity among the youth, as hectic study or work schedules drive them toward home fitness activities.
Based on the distribution channel, specialty stores segment accounted for the largest market share in 2021. Online retailing benefits sellers through lower operating costs as they can save on labor, staff, or physical store set-ups. Some of the online retailers of turbo trainers are Wiggle, Amazon, Decathlon, Wahoo, Competitive Cyclist, Jenson USA, REI, Moosejaw, Walmart, etc.
Increased product offerings in wide range of technologically advanced turbo trainer systems is one of the biggest trends in the market. For example, in September 2022, Wahoo Fitness launched KICKR Smart Trainer and KICKR BIKE. Both devices are designed with enhanced features, including Wi-Fi connectivity, which enables a more seamless and connected user experience across the Wahoo ecosystem.

The List of Companies - Turbo Trainers Market

  1. Elite
  2. Garmin Ltd.
  3. Kurt Manufacturing
  4. Minoura Co. Ltd.
  5. Nautilus, Inc.
  6. Saris
  7. Technogym SpA
  8. Wahoo Fitness
  9. Jetblack Cycling
  10. Wattbike Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global turbo trainer market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global turbo trainer market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the turbo trainer market as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TIPRE00029734
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