What is Global Indoor Turbo Trainer Market?
The Global Indoor Turbo Trainer Market is a fascinating sector that has seen significant growth in recent years. Essentially, it refers to the global market for indoor cycling training devices, known as turbo trainers. These devices allow cyclists to train indoors by providing resistance to the rear wheel, simulating the experience of outdoor cycling. The market includes various types of turbo trainers, from basic models to high-tech smart trainers that can connect to apps and simulate different terrains and conditions. The market's value was estimated at US$ 136.8 million in 2023, and it's projected to reach US$ 198.6 million by 2030, showing a promising growth trajectory.
Classic Trainers, Smart Trainers in the Global Indoor Turbo Trainer Market:
In the Global Indoor Turbo Trainer Market, there are two main types of trainers: Classic Trainers and Smart Trainers. Classic Trainers are the traditional type of indoor cycling trainer. They are simple, reliable, and typically less expensive than smart trainers. They provide a fixed resistance to the rear wheel, which the cyclist can adjust manually. On the other hand, Smart Trainers represent a more advanced and interactive option. They can connect to devices like smartphones or tablets, allowing cyclists to use apps that simulate different terrains and conditions, track their performance, and even race against other cyclists virtually. As of now, Smart Trainers hold the largest share of the market, accounting for 54% of all turbo trainers sold.
Residential, Commercial in the Global Indoor Turbo Trainer Market:
The Global Indoor Turbo Trainer Market caters to both residential and commercial sectors. In the residential sector, turbo trainers are used by individuals in their homes. They provide a convenient way for people to maintain their cycling fitness, train for events, or simply enjoy a cycling workout without having to leave the house. In the commercial sector, turbo trainers are used in settings like gyms, fitness centers, and cycling studios. They are often used in group cycling classes, providing a fun and engaging workout for members. Currently, the residential segment dominates the market, accounting for 87% of global sales.
Global Indoor Turbo Trainer Market Outlook:
Looking at the market outlook, the Global Indoor Turbo Trainer Market is set for steady growth. In 2023, the market was valued at US$ 136.8 million. By 2030, it's expected to reach US$ 198.6 million, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period from 2024 to 2030. Smart Trainers are leading the way, making up 54% of the market. The residential sector is the largest consumer of these products, accounting for 87% of the market. Geographically, North America holds the lion's share, with 47% of the global market.
| Report Metric | Details |
| Report Name | Indoor Turbo Trainer Market |
| Accounted market size in 2023 | US$ 136.8 million |
| Forecasted market size in 2030 | US$ 198.6 million |
| CAGR | 5.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Saris, Wahoo Fitness, Tacx, Elite, Minoura, Kurt Manufacturing, Sunlite, RAD Cycle, BKOOL, Technogym, Conquer, Blackburn Design |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
