Market Overview:
The global bike trainers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fitness equipment, rising awareness about health and fitness, and growing popularity of cycling as a mode of transportation. The global bike trainers market can be segmented on the basis of type into classic trainers and smart trainers. The classic trainer segment is expected to account for a larger share of the global bike trainers market than the smart trainer segment during the forecast period. This can be attributed to their lower cost as compared to smart trainers and their wide availability across regions. On the basis of application, the global bike trainers market can be divided into residential and commercial applications. The commercial application segment is expected to account for a larger share of this market than residential applications duringthe forecast period owingto higher adoption rates in gymsand othercommercial establishments .
Product Definition:
Bike trainers are devices that allow cyclists to ride their bikes indoors. Bike trainers are important because they allow cyclists to train for races or rides year-round, regardless of the weather conditions outside.
Classic Trainers:
The global classic trainers market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Smart Trainers:
Smart trainers are electronic devices that provide feedback regarding the distance covered, speed, time and calories burned. The device can connect to a smartphone app which allows tracking of statistics such as number of cycling trips and daily commuters.
The increasing popularity of smart wearables is expected to have a positive impact on the Bike Trainers market over the forecast period. For instance, in 2016, Fitbit Inc.
Application Insights:
The commercial application segment dominated the global market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for cycle transportation services from various industries, such as healthcare, retail and tourism. Furthermore, bike trainers can be used for training employees of companies and institutions on how to ride safely with a company vehicle.
The residential application segment is expected to expand at the highest CAGR of XX% during the forecast period due to rising consumer preference for home delivery of goods purchased through e-commerce platforms. Moreover, growing urbanization has resulted in an increased number of cyclists on roads across various regions which has boosted demand for cycle transportation systems including bike trainers among consumers seeking safe and convenient ways of transport within cities.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing disposable income, rising adoption of innovative technologies, and growing demand for luxury travel options. Moreover, countries such as China are investing heavily in high-speed rail infrastructure projects that will connect major cities with top speeds of over 200 km/h. These factors are expected to drive regional product demand during the forecast period.
Europe accounted for a significant share owing to increased spending on public transportation systems coupled with favorable government initiatives regarding bike sharing programs across major cities within Europe region including Paris, London, Rome among others.
Growth Factors:
- Increasing demand for health and fitness awareness
- Rising disposable income of the population
- Technological advancements in bike trainers
- Growing popularity of cycling as a mode of transportation
- Government initiatives to promote cycling
Scope Of The Report
Report Attributes
Report Details
Report Title
Bike Trainers Market Research Report
By Type
Classic Trainers, Smart Trainers
By Application
Residential, Commercial
By Companies
Saris, Wahoo Fitness, Tacx, Elite, Minoura, Kurt Manufacturing, Sunlite, RAD Cycle, BKOOL, Technogym, Conquer, Blackburn Design
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Bike Trainers Market Report Segments:
The global Bike Trainers market is segmented on the basis of:
Types
Classic Trainers, Smart Trainers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saris
- Wahoo Fitness
- Tacx
- Elite
- Minoura
- Kurt Manufacturing
- Sunlite
- RAD Cycle
- BKOOL
- Technogym
- Conquer
- Blackburn Design
Highlights of The Bike Trainers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Classic Trainers
- Smart Trainers
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bike Trainers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bike trainers are a type of cycling equipment that help cyclists to improve their cycling skills. They typically consist of a stationary bike with built-in sensors that track the cyclist's speed, distance, and time spent pedaling. The data is then used to create training programs that help the cyclist improve their cycling skills.
Some of the key players operating in the bike trainers market are Saris, Wahoo Fitness, Tacx, Elite, Minoura, Kurt Manufacturing, Sunlite, RAD Cycle, BKOOL, Technogym, Conquer, Blackburn Design.
The bike trainers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bike Trainers Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Bike Trainers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bike Trainers Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Bike Trainers Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Bike Trainers Market Size & Forecast, 2020-2028 4.5.1 Bike Trainers Market Size and Y-o-Y Growth 4.5.2 Bike Trainers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Classic Trainers
5.2.2 Smart Trainers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bike Trainers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bike Trainers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Classic Trainers
9.6.2 Smart Trainers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Classic Trainers
10.6.2 Smart Trainers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Classic Trainers
11.6.2 Smart Trainers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Classic Trainers
12.6.2 Smart Trainers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Classic Trainers
13.6.2 Smart Trainers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bike Trainers Market: Competitive Dashboard
14.2 Global Bike Trainers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saris
14.3.2 Wahoo Fitness
14.3.3 Tacx
14.3.4 Elite
14.3.5 Minoura
14.3.6 Kurt Manufacturing
14.3.7 Sunlite
14.3.8 RAD Cycle
14.3.9 BKOOL
14.3.10 Technogym
14.3.11 Conquer
14.3.12 Blackburn Design