According to a recent market study published by Growth Market Reports, titled, “Global Bike Trainer Market by Product Type, by Application, by Distribution Channel, by Resistance Type, by Region: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ 645.3 Million in 2020 and is expected to grow at a moderate growth rate of 9.8% by the year 2028. Rise in awareness about health and fitness and growth in the number of gyms is expected to fuel the market growth during the forecast period.

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As per Growth Market Reports industry analyst Partha Paul, “The Global Bike Trainer Market is anticipated to witness significant growth during forecast period 2021-2028. A bicycle or bike trainer enables the user to ride the bike while it remains stationary. The equipment is usually used to warm up before bicycle races, or when the weather conditions are not favorable for bicycle riding.

A trainer mainly consists of few main components such as a frame, a clamp, a roller, and a resistance mechanism. Fame and clamp securely hold the bicycle. A roller is pressed against the rear wheel, which offers the smooth movement of the wheel, and the resistance mechanism provides resistance when the paddles of the bicycle are turned. The resistance provided by the bike trainers can be changed as per the rider’s liking.

Bike trainers help the rider to improve skills and power applied by the rider in a very efficient way and in a controlled environment. Many riders prefer bike trainers over stationary bikes while preparing for a race, as bike trainers can create virtual resistance or resistance simulations of any steepness. These trainers are known to offer real expertise in riding than stationary bicycles. Moreover, bike riders can directly attach their racing bike to a trainer while preparing for the race. Stationary bicycles hamper the experience and feel of a racing bike, as the body position and geometry of a stationary bike are usually different from that of a racing bike.

Some of the bike trainers contain sensors that help riders to track their performance. These smart trainers can measure virtual speed, heart rate of the rider, cadence, and power output. This information is collected to monitor their progress. The key players are engaged in advertising their bike trainer through social media platforms including Instagram, Facebook, and Twitter.”

The primary as well as secondary research methodology is used for keen observation and study about the healthcare cold storage market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other hand the secondary research methodology involves Exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The Coronavirus disease 2019 (COVID-19) pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects.

Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study

  • Customers are ready to go for $10-15/ month price or subscription. Windows, MAC OS, and iOS are the most preferred platforms for connectivity
  • In terms of product type, the smart bike trainers segment accounted for substantial share of the market in 2020 and is expected to expand at a substantial CAGR during the forecast period.
  • Based on applications, the fitness segment accounted for substantial share of the market in 2020 and is expected to expand at a substantial CAGR during the forecast period.
  • In terms of distribution channel, the online segment accounted for substantial share of the market in 2020 and is expected to expand at a substantial CAGR during the forecast period
  • On the basis of resistance types, the magnetic segment held significant share of the market in 2020.

Report Scope

Report Metric

Details

Market Value in 2020

US$ 645.3 Million

Market Growth Rate (from 2021 to 2028)

9.8%

Historical Data

2018, & 2019

Base Year

2020

Forecast Period

2021 - 2028

Units Considered

Value (US$ Million)

Market Segments

By Product Type, By Application, By Distribution Channel, By Resistance Type, By Region

Key Companies Profiled

Blackburn, ELITE, Garmin Ltd., Kurt Manufacturing Company, Peloton Interactive, Inc., Saris, Stages Cycling, LLC, TECHNOGYM S.p.A, Wahoo Fitness, and Wattbike among others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.


Target Audience

  • Supply-side: Manufacturers, raw material suppliers, and distributors
  • Demand Side: Fitness and medical industries.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.