Bike Trainers Market By Type (Smart Bike Trainers, Classic Bike Trainers), By Application (Training, Fitness, Others), By Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031
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.
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.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook