Report : Asia-Pacific 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)
At 3.5% CAGR, the APAC Turbo Trainers Market is speculated to be worth US$ 67.98 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the APAC turbo trainers market was valued at US$ 55.40 million in 2022 and is expected to reach US$ 67.98 million by 2028, registering a CAGR of 3.5% from 2022 to 2028. Growing popularity of indoor cycling and wide range of technologically advanced turbo trainer systems are the critical factors attributed to the market expansion.
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.
On the contrary, high initial investment requirements and maintenance costs hurdles the growth of APAC turbo trainers market.
- Based on product type, the APAC turbo trainers market is bifurcated into regular trainers and smart trainers. The smart trainers segment held 66.4% market share in 2022, amassing US$ 36.81 million. It is projected to garner US$ 45.77 million by 2028 to expand at 3.7% CAGR during 2022–2028.
- Based on distribution channel, the APAC turbo trainers market is segmented into specialty stores, online retail, and others. The specialty stores segment held 63.0% market share in 2022, amassing US$ 34.91 million. It is projected to garner US$ 42.48 million by 2028 to expand at 3.3% CAGR during 2022–2028.
- Based on country, the APAC turbo trainers market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of APAC. Our regional analysis states that China captured 42.7% market share in 2022. It was assessed at US$ 23.64 million in 2022 and is likely to hit US$ 30.43 million by 2028, exhibiting a CAGR of 4.3% during the forecast period.
Key players dominating the APAC 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.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id: sam@businessmarketinsights.com