South America Turbo Trainers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product Type (Regular Trainers and Smart Trainers) and Distribution Channel (Specialty Stores, Online Retail, and Others)
The SAM turbo trainers market is expected to grow from US$ 12.69 million in 2022 to US$ 15.29 million by 2028. It is estimated to grow at a CAGR of 3.2% from 2022 to 2028.
Growing Popularity of Indoor Cycling
The rising incidence of cardiovascular diseases due to the lack of physical activity and changing lifestyles are encouraging people to opt for fitness activities. The COVID-19 pandemic further underlined the importance of health and fitness in the last two years. Sedentary work culture leads to many health ailments, and people are unable to join gyms and fitness clubs due to their busy schedules, which is driving the trend of home workouts such as indoor cycling. Regular cycling can increase cardiovascular fitness, enhance muscle strength and flexibility, improve joint mobility, decrease stress levels, correct posture, and coordination, strengthen bones, decrease body fat levels, prevent various diseases, and reduce anxiety and depression. Indoor cycling equipment may help users meet their daily physical activity requirements without stepping out of their homes. Turbo trainers can be used for indoor cycling; their features such as easy availability and cost-effectiveness, and the ability to put less strain on the spine and lower body make turbo trainers suitable equipment for indoor cycling. Thus, the growing popularity of indoor cycling is likely to provide notable growth opportunities for the turbo trainers market players in the coming years.
Market Overview
The market for turbo trainers is expected to grow at average speed across SAM region in coming years. The COVID-19 pandemic triggered health awareness among the public to boost their immune systems and physical fitness; however, the imposition of lockdown resulted in the shutdown of gyms, enforcing the shift from gym workouts to home workouts. The increasing demand for turbo trainers owing to the surge in home workouts has significantly boosted the growth of the turbo trainers market in SAM. The growing fitness culture, along with increasing fitness awareness, is influencing the adoption of turbo trainers. Also, working professionals find it convenient to work out at home depending on their work schedule, which has increased the demand for home fitness equipment, hence providing lucrative opportunities to the turbo trainers market players. Further, the rising prevalence of obesity across major countries in the region is encouraging people to maintain their physical health, and turbo trainers are offering the facility to improve it in their homes. This factor is also boosting the demand for turbo trainers across the region.
SAM Turbo Trainers Market Revenue and Forecast to 2028 (US$ Million)
SAM Turbo Trainers Market Segmentation
The SAM turbo trainers market is segmented based on product type, distribution channel, and country.
Based on product type, the SAM turbo trainers market is bifurcated into regular trainers and smart trainers. The smart trainers segment held a larger market share in 2022.
Based on distribution channel, the SAM turbo trainers market is segmented into specialty stores, online retail, and others. The specialty stores segment held the largest market share in 2022.
Based on country, the SAM turbo trainers market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that rest of SAM dominated the market share in 2022.
Elite; Garmin Ltd.; Jetblack Cycling; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; and Wattbike Ltd. are the leading companies operating in the SAM turbo trainers market.
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- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis Formulation:
- 3.2.4 Macro-economic Factor Analysis:
- 3.2.5 Developing Base Number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country Level Data:
- 4. SAM Turbo Trainers Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis: SAM Turbo Trainers Market
- 4.3 Expert Opinions
- 5. SAM Turbo Trainers Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rapidly Flourishing Fitness Industry
- 5.1.2 Increased Demand for Smart Turbo Trainers
- 5.2 Market Restraints
- 5.2.1 High Initial Investment Requirements and Maintenance Costs
- 5.3 Market Opportunities
- 5.3.1 Growing Popularity of Indoor Cycling
- 5.4 Future Trends
- 5.4.1 Wide Range of Technologically Advanced Turbo Trainer Systems
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Turbo Trainers Market – SAM Analysis
- 6.1 SAM Turbo Trainers Market –Revenue and Forecast to 2028 (US$ Thousand)
- 7. SAM Turbo Trainers Market Analysis – By Product Type
- 7.1 Overview
- 7.2 SAM Turbo Trainers Market, By Product Type (2021 and 2028)
- 7.3 Regular Trainers
- 7.3.1 Overview
- 7.3.2 Regular Trainers: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)
- 7.4 Smart Trainers
- 7.4.1 Overview
- 7.4.2 Smart Trainers: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)
- 8. SAM Turbo Trainers Market Analysis – By Distribution Channel
- 8.1 Overview
- 8.2 SAM Turbo Trainers Market, By Distribution Channel (2021 and 2028)
- 8.3 Specialty Stores
- 8.3.1 Overview
- 8.3.2 Specialty Stores: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)
- 8.4 Online Retail
- 8.4.1 Overview
- 8.4.2 Online Retail: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)
- 8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)
- 9. SAM Turbo Trainers Market– Country Analysis
- 9.1 Overview
- 9.1.1 SAM: Turbo Trainers Market, by Key Country
- 9.1.1.1 Brazil: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
- 9.1.1.1.1 Brazil: Turbo Trainers Market, By Product Type
- 9.1.1.1.2 Brazil: Turbo Trainers Market, by Distribution Channel
- 9.1.1.2 Argentina: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
- 9.1.1.2.1 Argentina: Turbo Trainers Market, By Product Type
- 9.1.1.2.2 Argentina: Turbo Trainers Market, by Distribution Channel
- 9.1.1.3 Rest of SAM: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
- 9.1.1.3.1 Rest of SAM: Turbo Trainers Market, By Product Type
- 9.1.1.3.2 Rest of SAM: Turbo Trainers Market, by Distribution Channel
- 10. Industry Landscape
- 10.1 Overview
- 10.2 Product launch
- 11. Company Profiles
- 11.1 Elite
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Garmin Ltd.
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Kurt Manufacturing
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Minoura Co. Ltd.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Nautilus, Inc.
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Saris
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Technogym SpA
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Wahoo Fitness
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Jetblack Cycling
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Wattbike Ltd.
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Word Index
- LIST OF TABLES
- Table 1. SAM Turbo Trainers Market –Revenue and Forecast to 2028 (US$ Thousand)
- Table 2. Brazil Turbo Trainers Market, By Product Type – Revenue and Forecast to 2028 (US$ Thousand)
- Table 3. Brazil Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)
- Table 4. Argentina Turbo Trainers Market, By Product Type – Revenue and Forecast to 2028 (US$ Thousand)
- Table 5. Argentina Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)
- Table 6. Rest of SAM Turbo Trainers Market, By Product Type – Revenue and Forecast to 2028 (US$ Thousand)
- Table 7. Rest of SAM Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)
- Table 8. List of Abbreviation
- LIST OF FIGURES
- Figure 1. SAM Turbo Trainers Market Segmentation
- Figure 2. SAM Turbo Trainers Market Segmentation – By Country
- Figure 3. SAM Turbo Trainers Market Overview
- Figure 4. SAM Turbo Trainers Market, By Product Type
- Figure 5. SAM Turbo Trainers Market, By Country
- Figure 7. PEST Analysis: SAM Turbo Trainers Market
- Figure 8. Expert Opinions
- Figure 9. SAM Turbo Trainers Market Impact Analysis of Drivers and Restraints
- Figure 10. SAM: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)
- Figure 11. SAM Turbo Trainers Market Revenue Share, By Product Type (2021 and 2028)
- Figure 12. SAM Regular Trainers: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
- Figure 13. SAM Smart Trainers: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
- Figure 14. SAM Turbo Trainers Market Revenue Share, By Distribution Channel (2021 and 2028)
- Figure 15. SAM Specialty Stores: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
- Figure 16. SAM Online Retail: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
- Figure 17. SAM Others: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
- Figure 18. SAM: Turbo Trainers Market, by Key Country – Revenue (2021) (US$ ‘Thousand)
- Figure 19. SAM: Turbo Trainers Market Revenue Share, by Key Country (2021 and 2028)
- Figure 20. Brazil: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
- Figure 21. Argentina: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
- Figure 22. Rest of SAM: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
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