Report : North 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)
At 4.0% CAGR, the North America Turbo Trainers Market is speculated to be worth US$ 115.69 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America turbo trainers market was valued at US$ 91.50 million in 2022 and is expected to reach US$ 115.69 million by 2028, registering a CAGR of 4.0% from 2022 to 2028. Rapidly flourishing fitness industry and increased demand for smart turbo trainers are the critical factors attributed to the North America turbo trainers market expansion.
In the last couple of years, people across the region have become more aware of the importance associated with living a healthy lifestyle. The growing prevalence of sedentary lifestyles amongst a vast population 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 fitness industry. Irrespective of the adverse effects induced by 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 trainers market growth. The increasing prevalence of obesity, heart diseases, hypertension, high cholesterol, cancer, etc., further favors the growth of the fitness industry, as fitness is perceived as one of the key precautionary ways of avoiding these health issues. Home workouts eradicated the inconvenience faced by people in commuting to gyms amid the social restrictions imposed by governments in response to the COVID-19 pandemic, moreover, these workout habits prove extremely cost-effective in the long run. Turbo trainers allow cyclist and fitness enthusiasts to have an effective work out session in harsh weather conditions such as heavy rains or cold winters. Moreover, hectic schedules and long working hours, crowded fitness centers, and issues regarding vehicle parking are among other factors driving people away from gyms, compelling them to opt for home workouts, thereby contributing to the growth of the North America turbo trainers market.
On the contrary, high initial investment requirements and maintenance costs hurdles the growth of North America turbo trainers market.
Based on product type, the North America turbo trainers market is bifurcated into regular trainers and smart trainers. The smart trainers segment held 73.2% of the North America turbo trainers market share in 2022, amassing US$ 67.01 million. It is projected to garner US$ 85.79 million by 2028 to expand at 4.2% CAGR during 2022–2028.
Based on distribution channel, the North America turbo trainers market is segmented into specialty stores, online retail, and others. The specialty stores segment held 59.0% of the North America turbo trainers market share in 2022, amassing US$ 53.96 million. It is projected to garner US$ 67.74 million by 2028 to expand at 3.9% CAGR during 2022–2028.
Based on country, the North America turbo trainers market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 78.2% market share in 2022. It was assessed at US$ 71.53 million in 2022 and is likely to hit US$ 91.15 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.
Key players dominating the North America 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 Person: Sameer Joshi
Email Id: email@example.com