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Europe 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)
- Report Code : BMIRE00027622
- Pages : 99
The Europe turbo trainers market is expected to grow from US$ 80.38 million in 2022 to US$ 104.10 million by 2028. It is estimated to grow at a CAGR of 4.4% from 2022 to 2028.
Rapidly Flourishing Fitness Industry
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 turbo trainers market across the region.
Market Overview
According to Eurostat, in Europe, more than 53% of adults are overweight, 36% of adults are pre-obese, and 17% of the adult population is obese. The prevalence of obesity across the region is driving the turbo trainers market. Moreover, the increased participation of people in physical endurance and activities is proliferating the market. An increasing participation in physical recreational activities including cycling, coupled with a rising number of cyclists, and cycling events, is expected to propel the demand for turbo trainers as it helps to improve the pedaling techniques. Numerous European countries, including Spain, France, and Italy, had enforced restrictions on visiting public spaces during the COVID-19 pandemic; this compelled more cyclists to opt for indoor cycling, boosting the market growth. Moreover, the increasing influence of celebrity endorsement is contributing to the rise in demand for turbo trainers across the region. The rising fitness awareness is leading to a surge in home gym culture. The number of home gyms and residential fitness stations has doubled over the years owing to the proliferating fitness industry in Europe. Therefore, the growing number of gym and fitness club members is restricting the turbo trainers market growth across the region. Further, several people are opting for fitness equipment suitable for home settings as it enables them to exercise at their own pace and convenience. Turbo trainer is a compact, indoor home cycling equipment that can be stored in the basement, garage, or spare room, allowing people to exercise from anywhere in the house. Moreover, the presence of prominent companies such as Elite, Garmin, Wahoo, etc. is also contributing to the market growth.
Europe Turbo Trainers Market Revenue and Forecast to 2028 (US$ Million)
Europe Turbo Trainers Market Segmentation
The Europe turbo trainers market is segmented based on product type, distribution channel, and country.
Based on product type, the Europe 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 Europe 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 Europe turbo trainers market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe 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 Europe turbo trainers market.
TABLE OF CONTENTS
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. Europe Turbo Trainers Market Landscape
4.1 Market Overview
4.2 PEST Analysis: Europe Turbo Trainers Market
4.3 Expert Opinions
5. Europe Turbo Trainers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapidly Flourishing Fitness Industry
5.1.2 Growing Demand for Smart Turbo Trainers
5.2 Market Restraints
5.2.1 High Initial 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 – Europe Analysis
6.1 Europe Turbo Trainers Market –Revenue and Forecast to 2028 (US$ Thousand)
7. Europe Turbo Trainers Market Analysis – By Product Type
7.1 Overview
7.2 Europe 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. Europe Turbo Trainers Market Analysis – By Distribution Channel
8.1 Overview
8.2 Europe 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. Europe Turbo Trainers Market – Country Analysis
9.1 Overview
9.1.1 Europe: Turbo Trainers Market, by Key Country
9.1.1.1 Germany: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.1.1 Germany: Turbo Trainers Market, By Product Type
9.1.1.1.2 Germany: Turbo Trainers Market, by Distribution Channel
9.1.1.2 France: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.2.1 France: Turbo Trainers Market, By Product Type
9.1.1.2.2 France: Turbo Trainers Market, by Distribution Channel
9.1.1.3 Italy: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.3.1 Italy: Turbo Trainers Market, By Product Type
9.1.1.3.2 Italy: Turbo Trainers Market, by Distribution Channel
9.1.1.4 UK: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.4.1 UK: Turbo Trainers Market, By Product Type
9.1.1.4.2 UK: Turbo Trainers Market, by Distribution Channel
9.1.1.5 Russia: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.5.1 Russia: Turbo Trainers Market, By Product Type
9.1.1.5.2 Russia: Turbo Trainers Market, by Distribution Channel
9.1.1.6 Rest of Europe: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.6.1 Rest of Europe: Turbo Trainers Market, By Product Type
9.1.1.6.2 Rest of Europe: 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. Europe Turbo Trainers Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. Germany Turbo Trainers Market, by Product Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Germany Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)
Table 4. France Turbo Trainers Market, by Product Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 5. France Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Italy Turbo Trainers Market, by Product Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 7. Italy Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)
Table 8. UK Turbo Trainers Market, by Product Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 9. UK Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)
Table 10. Russia Turbo Trainers Market, by Product Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 11. Russia Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)
Table 12. Rest of Europe Turbo Trainers Market, by Product Type – Revenue and Forecast to 2028 (US$ Thousand)
Table 13. Rest of Europe Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Turbo Trainers Market Segmentation
Figure 2. Europe Turbo Trainers Market Segmentation – By Country
Figure 3. Europe Turbo Trainers Market Overview
Figure 4. Europe Turbo Trainers Market, By Product Type
Figure 5. Europe Turbo Trainers Market, By Country
Figure 7. PEST Analysis: Europe Turbo Trainers Market
Figure 8. Expert Opinions
Figure 9. Europe Turbo Trainers Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. Europe Turbo Trainers Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. Europe Regular Trainers: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 13. Europe Smart Trainers: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 14. Europe Turbo Trainers Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 15. Europe Specialty Stores: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 16. Europe Online Retail: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 17. Europe Others: Turbo Trainers Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 18. Europe: Turbo Trainers Market, by Key Country – Revenue (2021) (US$ ‘Thousand)
Figure 19. Europe: Turbo Trainers Market Revenue Share, by Key Country (2021 and 2028)
Figure 20. Germany: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. France: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 22. Italy: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. UK: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 24. Russia: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. Rest of Europe: Turbo Trainers Market– Revenue and Forecast to 2028 (US$ Thousand)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe turbo trainers market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Europe turbo trainers market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the turbo trainers market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
● Elite
● Garmin Ltd.
● Jetblack Cycling
● Kurt Manufacturing
● Minoura Co. Ltd.
● Nautilus, Inc.
● Saris
● Technogym SpA
● Wahoo Fitness
● Wattbike Ltd.
At 4.4% CAGR, the Europe Turbo Trainers Market is speculated to be worth US$ 104.10 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Europe turbo trainers market was valued at US$ 80.38 million in 2022 and is expected to reach US$ 104.10 million by 2028, registering a CAGR of 4.4% from 2022 to 2028. Increased demand for smart turbo trainers and rapidly flourishing fitness industry are the critical factors attributed to the market expansion.
Smart turbo trainers connect directly with computers, tablets, and smartphones. These trainers utilize the performance data of consumers and allow them to cycle through a virtual world in real time, with a program replicating the consumer’s real world, pedal power, speed, and cadence onscreen. Smart turbo trainers are gaining popularity among the youth, as hectic study or work schedules drive them toward home fitness activities. This makes youth among the major consumers of smart indoor fitness equipment, such as smart turbo trainers. These trainers also allow users to connect with other cyclists through apps. These apps allow people to keep up with their fitness goals without losing interest, as they can simultaneously indulge in fun games and real-life training scenarios. Smart trainers have emerged as ideal training equipment for cyclists as these instruments help them develop their skills and accelerate their cycling speed at home, without hindrance posed by the weather and road conditions, which may hamper their cycling schedules. Additionally, when doing structured workouts, a smart trainer automatically sets resistance to the exact prescribed wattage; it also records the overall performance to allow cyclists to compare their performances. Moreover, smart turbo trainers have the feature in which screen view on TV changes as per the change in mode of the trainer such as terrain, steep inclination, etc., this feature replicates outdoor and give the cyclist a realistic riding experience. Smart turbo trainers make indoor cycling much more fun and more productive. Hence, the growing popularity of smart turbo trainers among cyclists and fitness enthusiasts is propelling the overall turbo trainers market growth.
On the contrary, high initial investment requirements and maintenance costs hurdles the growth of Europe turbo trainers market.
Based on product type, the Europe turbo trainers market is bifurcated into regular trainers and smart trainers. The smart trainers segment held 70.0% market share in 2022, amassing US$ 56.23 million. It is projected to garner US$ 73.91 million by 2028 to expand at 4.7% CAGR during 2022–2028. Based on distribution channel, the Europe turbo trainers market is segmented into specialty stores, online retail, and others. The specialty stores segment held 59.7% market share in 2022, amassing US$ 47.98 million. It is projected to garner US$ 61.55 million by 2028 to expand at 4.2% CAGR during 2022–2028. Based on country, the Europe turbo trainers market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 37.7% market share in 2022. It was assessed at US$ 30.28 million in 2022 and is likely to hit US$ 36.41 million by 2028, exhibiting a CAGR of 3.1% during the forecast period. Key players dominating the Europe 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.
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