Increased focus on healthcare and fitness fuelling demand for high-quality sports equipment globally, States Fact.MR

According to Fact.MR, a market research and competitive intelligence provider, the global Turbo Trainer Market is estimated to reach a valuation of US$ 392.8 million in 2034 and is expected to grow at a CAGR of 3.9% during the forecast period of 2024 to 2034.

The global turbo trainer market has experienced tremendous expansion, owing largely to the growing trend of indoor cycling and the increasing number of fitness-oriented individuals. Due to the ability to mimic outdoor cycling and most importantly riding scenarios indoors, turbo trainers have become an essential component for sportsmen and sportspersons. In the modern world, ardent sporting enthusiasts will always seek clothes and facilities that would allow them to exercise even when it is not possible to cycle outdoors, which in turn has accelerated the growth of the market.

The emergence of new technology in the form of smart trainers that are connected to software applications such as Zwift and TrainerRoad has further encouraged more users due to improved user experience and engagement. Health consciousness, the easy availability of different training devices through e-commerce, and online virtual fitness training sessions are the main factors fuelling this market. The culture has surfaced as more individuals give importance to their well-being and the effectiveness of practice tools seek explosive growth in the turbo trainer sector, a niche devoted to end-users from simple tourists to professional sportsmen aiming at keeping fit in any weather condition.

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Key Takeaways from the Turbo Trainer Market Study:

The global turbo trainer market is projected to grow at 3.9% CAGR and reach US$ 392.8 million by 2034. The market created an opportunity of US$ 124.9 million between 2024 to 2034

North America is a prominent region that is estimated to hold a market share of 23.9% in 2034. Predominating market players include Elite, Garmin Ltd & Nautilus Inc

Direct drive of turbo trainer is estimated to grow at a CAGR of 3.8% creating an absolute $ opportunity of US$ 72.4 million between 2024 and 2034. Personal turbo trainer under the end user is expected to reach around US$ 121.1 million by 2024

Leading Players Driving Innovation in the Turbo Trainer Market:

The Key Players in the Infant Turbo Trainer Industry include Elite; Garmin Ltd; Jetblack Cycling; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc; Saris; Stages Indoor Cycling LLC; Tacx B.V.; Technogym SpA; Wahoo Fitness; Wattbike Ltd; Other Market Players

Turbo Trainer Market News & Trends:

Elite: A smart bike systemon and two new trainers are among the new goods that Elite has introduced in July 2024. The new smart bike is essentially an upgraded model of the Zwift Ride, which is also new to the market. It seems to address the three main problems with that device, but at a price.

Minoura Co. Ltd.: Minoura released the EMB-2B Bottle Mule in July 2024. It can be adjusted to accommodate extra bottles for cyclists who require greater carrying capacity on longer rides or in mountainous areas.

Tacx B.V.: Tacx released a new iteration of its infamous bicycle trainer in February 2024, and it proves to be a strong challenger because of its improved resistance and virtual reality training aid. This update demonstrates the advancements in indoor cycling equipment that Tacx aims to provide to her clientele.

The newly released study from Fact.MR includes comprehensive data on the pricing points of major turbo trainer manufacturers positioned across geographies, sales growth, production capacity, and speculative technical advancement.

“The expanding popularity of commercial fitness centers is enhancing the need for durability-oriented training solutions” says Fact.MR analyst.

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Development by Market Players in the Turbo Trainer Market:

• Saris: In October 2023, Saris has expanded its product line with the introduction of the MTR modular hitch rack, allowing users to customize their bike transport solutions. This innovation reflects Saris's commitment to meeting diverse consumer needs in cycling accessories.
• Nautilus, Inc: January 2023, Nautilus Inc has rebranded to BowFlex Inc, which is expected to help rejuvenate the company’s image and emphasize its well-known home workout fitness products. This adjustment constitutes a major change in the company’s brand development strategy.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global turbo trainer market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights based on Product Type (Wheel-on, Direct Drive), End User (Personal, Commercial, Gymnasium, Other End Users), Distribution Channel (Online Sales, Offline Sales), and Price Category (Below US$ 200, US$ 200 - US$ 300, US$ 300 - US$ 400) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Middle East & Africa).

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