The global bike trainers market was valued at $162 million in 2021, and is projected to reach $362.6 million by 2031, growing at a CAGR of 6.9% from 2022 to 2031.Bike trainers are a class of machinery used to practice riding a bicycle in a fixed location. These have different resistance levels, which help the user increase their cycling speed and endurance. The cyclists use it to warm up before races, and for the general public, it brings indoor training apps to life. These bikes are typically used in fitness and training facilities.
The bike trainers market is analyzed on the basis of type, application, distribution channel, and region. By type, the market is divided into smart bike trainers and classic bike trainers. By application, the market is divided into training, fitness, and others. By distribution channel, it is classified into online and offline. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The impact of the COVID-19 outbreak was moderate on the growth of the global bike trainers market. The lockdown and coronavirus pandemic changed consumer behavior and led more individuals to adopt home fitness equipment, which has led to its increased popularity. To be safe and preserve social distance, most people use home exercise equipment. Conversely, the recovery of the bike trainers market is expected in near future.
As a result of the COVID-19 pandemic, GDP across all nations is anticipated to decrease. Due to limits and limitations imposed by the lockdown on the supply chain, bike trainer manufacturing facilities are encountering several difficulties. It's probable that these difficulties will reduce their output. But as people's concern for their health has grown, so has the need for bike trainers. Even during the pandemic, these factors are propelling the growth of the bike trainers market at a considerable pace.
There is an increase in the demand for bike trainers owing to rise in standard of living across the globe. Bicycle trainers are a popular choice for people who frequently ride their bikes indoors. The global economy is expanding quickly. A lot of individuals are purchasing bike trainers due to the rise in standard of living and access to new technologies. Bike trainers are gaining popularity since they improve the indoor cycling experience and come with a variety of functions, including adjustable resistance. In addition, bike trainer manufacturers are working to improve their products to meet the growing demand for innovative bike trainers.
The key players operating in the bike trainers market have adopted product launch, business expansion, and merger & acquisition as its key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global bike trainers market are BKOOL, CA Global, Garmin Ltd., ELITE SRL, Kurt Manufacturing Company, Minoura Co. Ltd, Stages Cycling LLC, TECHNOGYM S.p.A, Wahoo Fitness LLC, Wattbike Ltd, Qingdao Magene Intelligence Technology Co., Ltd., Decathlon SA, JetBlack Cycling, Alpcour, and Feedback Sports LLC.
The bike trainers market is analyzed on the basis of type, application, distribution channel, and region. By type, the market is divided into smart bike trainers and classic bike trainers. By application, the market is divided into training, fitness, and others. By distribution channel, it is classified into online and offline. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The impact of the COVID-19 outbreak was moderate on the growth of the global bike trainers market. The lockdown and coronavirus pandemic changed consumer behavior and led more individuals to adopt home fitness equipment, which has led to its increased popularity. To be safe and preserve social distance, most people use home exercise equipment. Conversely, the recovery of the bike trainers market is expected in near future.
As a result of the COVID-19 pandemic, GDP across all nations is anticipated to decrease. Due to limits and limitations imposed by the lockdown on the supply chain, bike trainer manufacturing facilities are encountering several difficulties. It's probable that these difficulties will reduce their output. But as people's concern for their health has grown, so has the need for bike trainers. Even during the pandemic, these factors are propelling the growth of the bike trainers market at a considerable pace.
There is an increase in the demand for bike trainers owing to rise in standard of living across the globe. Bicycle trainers are a popular choice for people who frequently ride their bikes indoors. The global economy is expanding quickly. A lot of individuals are purchasing bike trainers due to the rise in standard of living and access to new technologies. Bike trainers are gaining popularity since they improve the indoor cycling experience and come with a variety of functions, including adjustable resistance. In addition, bike trainer manufacturers are working to improve their products to meet the growing demand for innovative bike trainers.
The key players operating in the bike trainers market have adopted product launch, business expansion, and merger & acquisition as its key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global bike trainers market are BKOOL, CA Global, Garmin Ltd., ELITE SRL, Kurt Manufacturing Company, Minoura Co. Ltd, Stages Cycling LLC, TECHNOGYM S.p.A, Wahoo Fitness LLC, Wattbike Ltd, Qingdao Magene Intelligence Technology Co., Ltd., Decathlon SA, JetBlack Cycling, Alpcour, and Feedback Sports LLC.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bike trainers market analysis from 2021 to 2031 to identify the prevailing bike trainers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the bike trainers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global bike trainers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Smart Bike Trainers
- Classic Bike Trainers
By Application
- Training
- Fitness
- Others
By Distribution Channel
- Online
- Offline
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- United Arab Emirates
- Rest of LAMEA
Key Market Players
- Feedback Sports LLC
- Garmin Ltd.
- BKOOL, S.L.
- Kurt Manufacturing Company
- MINOURA Co.,Ltd.
- Alpcour
- CA Global
- Wahoo Fitness LLC
- Wattbike Limited
- Elite S.r.l.
- Qingdao Magene Intelligence Technology Co., Ltd.
- Decathlon SA
- JetBlack Cycling
- Stages Cycling LLC
- Technogym S.P.A.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BIKE TRAINERS MARKET, BY TYPE
CHAPTER 5: BIKE TRAINERS MARKET, BY APPLICATION
CHAPTER 6: BIKE TRAINERS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: BIKE TRAINERS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Bike Trainers Market," the bike trainers market was valued at $162.00 million in 2021, and is estimated to reach $362.6 million by 2031, growing at a CAGR of 6.9% from 2022 to 2031.A type of equipment called a bike trainer is used to practice riding a bike in a fixed area. Its many resistance settings enable users to increase both riding speed and endurance. Cyclists professionals use it to warm up before competitions, and it makes indoor training apps more engaging for the general public. Usually, fitness and training centers employ these bikes.
The components of a trainer include a frame, a clamp to hold the bicycle firmly, a roller that presses up against the back wheel, and a device that generates resistance as the pedals are rotated. The roller in a wind trainer propels fan blades that produce air resistance. These trainers are frequently the most affordable and noisy. Magnets and a conductive flywheel that acts as an eddy current brake are used in magnetic trainers. Both their price and noise levels are moderate. Some magnetic trainers have control boxes installed on the handlebars that can be used to adjust the level of resistance while exercising. Fluid trainers produce resistance by filling chambers with liquid. They are the most expensive and silent trainers.
The increased demand for bike trainers is thought to be a result of the improving standard of living around the world. People who routinely ride their bikes indoors frequently opt for bicycle trainers. The global economy is rapidly growing because of the rising standard of living and accessibility to new technologies; as a result, more people are buying bike trainers. Since they enhance the indoor cycling experience and provide several features, such as adjustable resistance, bike trainers are growing in popularity. To address the rising demand for innovative bike trainers, bike trainer producers are also working to enhance their offerings.
Since more people are becoming health-conscious consumers, there is a higher demand for health clubs and gyms. The International Health, Racquet, and Sports club Association's (IHRSA) yearly surveys reveal a significant rise in the number of health clubs, gyms, and other fitness facilities. Due to the rise in disposable money and the increased desire to maintain a healthy lifestyle, customers are willing to pay exorbitant prices for health clubs. In 2014, there were a total of 46,340 health clubs in Europe, 46,100 in Latin America, and 40,702 in the U.S. and Canada. As a result, the market is predicted to expand as more individuals become interested in fitness and as more health clubs & gyms become available.
Due to the significant market restrictions caused by smart bike trainers' exorbitant price tags, the market for used bike trainers is growing. Used products are preferred for internal use and newly opened fitness centers and gyms in order to reduce costs. This tendency is most pronounced in developing nations, as larger gyms and workout facilities sell their used equipment to smaller gyms. Potential members are let down because this causes equipment breakdown in a short amount of time. Additionally, it discourages consumers from investing in brand-new bike trainers, thereby preventing the global industry from growing.
The bike trainers market is analyzed on the basis of type, application, distribution channel, and region. By type, the market is divided into smart bike trainers and classic bike trainers. By application, the market is divided into training, fitness, and others. By distribution channel, it is classified into online and offline. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the bike trainers market have adopted product launch, business expansion, and mergers & acquisitions as key strategies to expand their bike trainers market share, increase profitability, and remain competitive in the market. The major players analyzed for global bike trainers industry are BKOOL, CA Global, Garmin Ltd., ELITE SRL, Kurt Manufacturing Company, Minoura Co. Ltd, Stages Cycling LLC, TECHNOGYM S.p.A, Wahoo Fitness LLC, Wattbike Ltd, Qingdao Magene Intelligence Technology Co., Ltd., Decathlon SA, JetBlack Cycling, Alpcour, and Feedback Sports LLC.
Key Findings of the Study
- By type, the classic bike trainers segment was the highest revenue contributor to the market, with $94.0 million in 2021, and is estimated to reach $190.0 million by 2031, with a CAGR of 5.8%.
- By application, the fitness segment was the highest revenue contributor to the market, with $85.6 million in 2021, and is estimated to reach $185.7 million by 2031, with a CAGR of 6.5%.
- By distribution channel, the offline segment was the highest revenue contributor to the market, with $106.6 million in 2021, and is estimated to reach $235.0 million by 2031, with a CAGR of 6.7%.
- Region wise, North America was the highest revenue contributor, accounting for $56.3 million in 2021, and is estimated to reach $117.8 million by 2031, with a CAGR of 6.1%.
Companies Mentioned
- Feedback Sports LLC
- Garmin Ltd.
- BKOOL, S.L.
- Kurt Manufacturing Company
- MINOURA Co.,Ltd.
- Alpcour
- CA Global
- Wahoo Fitness LLC
- Wattbike Limited
- Elite S.r.l.
- Qingdao Magene Intelligence Technology Co., Ltd.
- Decathlon SA
- JetBlack Cycling
- Stages Cycling LLC
- Technogym S.P.A.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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