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Turbo Trainer Market Worth $300+ Mn, Globally, by 2028 at 3.9% CAGR, Driven by Increased Demand for Smart Turbo Trainer, Surging Demand for Fitness and Training Equipment | The Insight Partners

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The Insight Partners

12 Oct, 2022, 12:30 GMT

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NEW YORK, Oct. 12, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Turbo Trainer Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Distribution Channel, and Geography," the global turbo trainer market size is expected to grow from USD 248.17 million in 2022 to USD 311.92 million by 2028; it is expected to grow at a CAGR of 3.9% from 2022 to 2028.

Download Sample PDF Brochure of Turbo Trainer Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00029734/

Global Turbo Trainer Market Report Scope, Segmentations, Regional & Country Scope:

Report Coverage

Details

Market Size Value in

USD 248.17 Million in 2022

Market Size Value by

USD 311.92 Million by 2028

Growth rate

CAGR of 3.9% from 2022 to 2028

Forecast Period

2022-2028

Base Year

2022

No. of Pages

131

No. of Tables

58

No. of Charts & Figures

71

Historical data available

Yes

Segments covered

Product Type and Distribution Channel

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Companies Covered

Elite; Garmin Ltd.; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; Jetblack Cycling; Wattbike Ltd.

Key Research Capabilities

Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development

Global Turbo Trainer Market Forecast to 2028 - Latest COVID-19 Analysis

https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00029734/

Browse key market insights spread across 131 pages with 58 list of tables & 71 list of figures from the report, "Turbo Trainer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Regular Trainers and Smart Trainers) and Distribution Channel (Specialty Stores, Online Retail, and Others)" in detail along with the table of contents: https://www.theinsightpartners.com/reports/turbo-trainer-market

Global Turbo Trainer Market: Competitive Landscape and Key Developments

Elite; Garmin Ltd.; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; Jetblack Cycling; and Wattbike Ltd. are a few of the prominent players operating in the Turbo Trainer market.

Turbo trainers are stationary devices that are hooked to a bicycle to provide resistance and replicate the feeling of riding on roads. Apart from their use as fitness equipment, turbo trainers are used for conducting the training of cyclists. The demand for turbo trainers especially increased after the global outbreak of COVID-19, post which consumers could not head out for cycling due to lockdown measures. As a result, many cyclists and fitness enthusiasts had to use Turbo Trainers to continue with their fitness and practice regimes. Moreover, as the popularity of Turbo Trainer has increased, many cyclists are opting for Turbo Trainers as they are useful in harsh weather conditions such as heavy rains and cold weather wherein outdoors are not safe for cycling.

Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00029734/

In 2021, North America accounted for the largest share of the global Turbo Trainer market. Further, the market in Europe is expected to grow at the highest CAGR during the forecast period. The US is one of the world's leading consumers of Turbo Trainer. The Turbo Trainer market in the country is driven by indoor cycling demand for both fitness and leisure/recreation. Additionally, the preference for bicycles as a convenient way of exercising is expected to drive the market in the coming years. Smart Turbo Trainer are gaining popularity among the US millennials.

Rapidly Flourishing Fitness Industry Boosts Global Turbo Trainer Market Growth:

In the last couple of years, people across the world have become more aware of the importance associated with living a healthy lifestyle. The growing prevalence of sedentary lifestyles among a vast population worldwide is affecting their physical and mental health. This factor is encouraging them to opt for physical activities and workouts to stay fit. Thus, fitness has become a prominent trend among millions, leading to a rapid increase in the size of the global fitness industry. Irrespective of the adverse effects of the COVID-19 pandemic on the fitness industry, there has been a notable increase in the number of home gyms and fitness enthusiasts in the last two years. Moreover, with the shift in fitness trends from gyms to outdoors, home fitness, and digital options, the fitness industry continues to evolve further. All these factors are boosting the Turbo Trainer market growth.

Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00029734

Global Turbo Trainer Market: Segmental Overview

Based on product type, the Turbo Trainer market is segmented into regular trainers and smart trainers. In 2021, the smart trainers segment accounted for a larger revenue share and is expected to account for the highest CAGR during the forecast period. Based on distribution channel, the Turbo Trainer market is segmented into specialty stores, online retail, and others. In 2021, the specialty stores segment accounted for the largest revenue share, and the online retail segment is expected to account for the highest CAGR during the forecast period.

Impact of COVID-19 Pandemic on Global Turbo Trainer Market Size:

The COVID-19 pandemic hampered the growth of the consumer goods sector in 2020. Moreover, the implementation of preventive measures to combat the spread of SARS-CoV-2 hampered the growth of various industries. Industries such as packaging, consumer goods, and transportation were adversely affected by disruptions in overall operations and value chains caused by the sudden shutdown of national and international boundaries.

However, the global marketplace has recovered from the financial losses as governments of various countries announced relaxations in COVID-19-related restrictions. The Turbo Trainer market witnessed significant growth in sales after the opening of specialty stores, and the dissolution of delivery restrictions levied on online retail channels and product deliveries. Manufacturers are now allowed to operate at full capacities, which is helping them to overcome the gap between the supply and demand sides.

Quickly Purchase Premium Copy of Turbo Trainer Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00029734/

Go through further research published by The Insight Partners:

Smart Bike Market - The global smart bike market size is valued US$ 1,431.77 million in 2022, it is expected to grow at a CAGR of 10.7% during 2022–2028

EDM Wire Market - The global EDM wire market size is expected to grow from US$ 1,497.50 million in 2022, it is estimated to grow at a CAGR of 7.6% from 2022 to 2028.

Arbitrary Waveform Generator Market - The global arbitrary waveform generator market size was valued at US$ 355.3 million in 2021 and it is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Laboratory Animal Diet Market - The global laboratory animal diet market size was valued from US$ 3,797.50 million in 2021; it is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

Electric Trucks Market - The electric trucks market is expected to grow from US$ 4,592.55 million in 2021 to US$ 26,542.90 million by 2028; it is estimated to grow at a CAGR of 29.4% from 2022 to 2028.

Heavy Duty Truck Electrification Market - The global heavy duty truck electrification market size accounted to US$ 8.28 Bn in 2018 and is expected to grow at a CAGR of 14.3% during the forecast period 2019 – 2027, to account to US$ 25.5 Bn by 2027.

Truck Refrigeration Market - The global truck refrigeration market size was valued at US$ 9,100.1 million in 2019 and it is projected to reach US$ 13,336.1 million by 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027.

Truck Axle Market - The global truck axle market size was valued at US$ 1440.01 million in 2020 and is projected to reach US$ 2032.00 million by 2028. The truck axle market is expected to grow at a CAGR of 4.9% during 2021–2028.

Battery Cyclers Market - The global battery cyclers market size is valued US$ 208.14 million in 2022, it is expected to grow at a CAGR of 6.2% from 2022 to 2028.

Stainless Steel Flatware Market - The global stainless steel flatware market size was valued US$ 14,299.83 million in 2022 , it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

Waxy Maize Starch Market - The global waxy maize starch market size is valued US$ 2,000.68 million in 2021; It is expected to grow at a CAGR of 7.3% from 2022 to 2028.

Carboxy Therapy Market - The global carboxy therapy market size is valued US$ 85.24 million in 2021; it is estimated to grow at a CAGR of 12.4% from 2022 to 2028.

C-Type LNG Carrier Market - The global C-type LNG carrier market size was valued US$ 3,920.84 million in 2021. It is expected to grow at a CAGR of 7.5% during 2022–2028.

Flowable Hemostats Market - The global flowable hemostats market size was valued US$ 899.51 million in 2021; it is expected to grow at a CAGR of 6.9% from 2022 to 2028.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/turbo-trainer-market
Industry Research: https://www.openpr.com/news/archive/139407/The-Insight-Partners.html

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg

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