The indoor bike trainers market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). Indoor bike trainers are a sort of fitness machine. The equipment is made up of pedals and a saddle, as well as handlebars that are similar to those seen on a stationary cycle. Warming up on a bike trainer before a race is typical, and using a smart trainer makes indoor riding more enjoyable. One of the primary elements driving the growth of the indoor bike trainers market is an increase in global health consciousness. Increased usage of bike trainers as exercise equipment among adolescents and adults, as well as a rise in the purchasing of stationary bike trainers due to the lack of parks and vacant roads idle for riding in metro cities, are driving market expansion during the forecast period.
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The global indoor bike trainers market is segmented based on the type, resistance type, and distribution channel. Based on the type, the market is sub-segmented into smart bike trainers and classic bike trainers. Based on the resistance type, the market is sub-segmented into the magnetic, rollers, fluid, direct drive, and others. Based on the distribution channel, the market is sub-segmented into online and offline. Among these segments, the smart bike trainers segment is expected to propel the growth of the market due to the increasing usage and demand for smart bike trainers globally.
The major market players in the global indoor bike trainers market are Minoura Japan, Tacx International B.V., Wahoo Fitness., RacerMate Inc., Rad Power Bikes LLC, Conquer Equipment, Blackburn, Technogym, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Resistance Type
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Minoura Japan, Tacx International B.V., Wahoo Fitness., RacerMate Inc., Rad Power Bikes LLC, Conquer Equipment, Blackburn, Technogym, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Indoor Bike Trainers Market Report by Segment
By Type
- Smart Bike Trainers
- Classic Bike Trainers
By Resistance Type
- Magnetic
- Rollers
- Fluid
- Direct Drive
- Others
By Distribution Channel
- Online
- Offline
A full report of Global Indoor Bike Trainers Market is available at:https://orionmarketreports.com/global-indoor-bike-trainers-market/113633/
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