North America turbo trainers Market 2022 Size, Share, Trends, Development Strategies, Top manufacturers and Forecast to 2030
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.
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.
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The List of TOP KEY PLAYERS in North America Turbo Trainers Market Report are –
Key players dominating the North America turbo trainers market are Elite; Garmin Ltd.; Jetblack Cycling; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; and Wattbike Ltd., among others.
In 2022, Saris announced H4 smart trainer direct drive trainer features flywheel, cassette from SPRAM and Shimano, protocol compatibility of ANT+ FE-C, ANT+ Power, Bluetooth Smart Trainer Control and Bluetooth Smart Power.
In 2022, Wahoo Fitness launched KICKR Smart Trainer and KICKR BIKE. According to the company, both devices are designed with enhanced features, including Wi-Fi connectivity, that enables a more seamless and connected user experience across the Wahoo ecosystem.
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.
On the contrary, high initial investment requirements and maintenance costs hurdles the growth of North America turbo trainers market.
Based on product type, the North America turbo trainers market is bifurcated into regular trainers and smart trainers. The smart trainers segment held 73.2% of the North America turbo trainers market share in 2022, amassing US$ 67.01 million. It is projected to garner US$ 85.79 million by 2028 to expand at 4.2% CAGR during 2022–2028.
Based on distribution channel, the North America turbo trainers market is segmented into specialty stores, online retail, and others. The specialty stores segment held 59.0% of the North America turbo trainers market share in 2022, amassing US$ 53.96 million. It is projected to garner US$ 67.74 million by 2028 to expand at 3.9% CAGR during 2022–2028.
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 captured 78.2% market share in 2022. It was assessed at US$ 71.53 million in 2022 and is likely to hit US$ 91.15 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.
The report additionally focuses on world major leading industry players of this market providing information like company profiles, product picture, and specification, capacity, production, price, cost, revenue, and contact information. This report focuses on market trends, volume and value, regional level, and company level. This report represents the overall North America Turbo Trainers Market Size by analyzing historical information and future prospects till 2028.
The North America Turbo Trainers Market 2022 provides a complete assessment of the industry including definitions, classifications, applications, and industry chain structure, which is beneficial for companies regardless of their size and revenue. North America Turbo Trainers Market Survey report covering the major market insights and industry approach towards COVID-19 in the upcoming years. For each manufacturer covered, the clients will find the report complete in all aspects as it covers all key components with valuable statistics and expert opinions in all regards. This section analyses region-wise revenue and volume for the forecast period till 2028.
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Key Highlights of the North America Turbo Trainers Market Research Report:
The report summarizes the North America Turbo Trainers Market by stating the definition, applications, scope, it’s price, supply and demand ratio, and market overview.
Competitive landscape of all leading key players together with their business strategies, approaches, and latest North America Turbo Trainers market development.
It elements market investment, opportunities, growth factors, restraints, and market risks.
It performs a comprehensive study of emerging players in the North America Turbo Trainers business along with the existing ones.
It accomplishes primary and secondary research and resources to estimate prime products, market size, and industrial partnerships of this business.
To study and analyze the North America Turbo Trainers consumption by key regions/countries, product type and application, history information, and forecast during 2022-2028.
To understand the structure of North America Turbo Trainers by identifying its various sub segments.
Focuses on the key North America Turbo Trainers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans within the next few years.
To analyze North America Turbo Trainers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the expansion of the market.
To project the consumption of North America Turbo Trainers submarkets, with respect to key.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions within the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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