Global Indoor Bike Trainers Market Size, Trends, By Types (Smart Bike Trainers, Classic Bike Trainers), By Resistance Type (Magnetic, Rollers, Fluid, Direct Drive, Others), By Distribution Channel (Online, Offline) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Indoor Bike Trainers Market
Global Indoor Bike Trainers Market was valued at US$ 1121 Mn in 2022, estimated to reach US$ 2153 Mn by 2030, with a CAGR of 7.03 % from 2023-2030.
Cycling enthusiasts can exercise indoors by attaching their bikes to a piece of equipment known as an indoor bike trainer. The difficulty of the trainer may be changed to simulate different terrains, making it quite likely to simulate outdoor rides while you're sitting still. Winter athletes and cyclists who live in cold climates are big fans of this kind of workout equipment. Trainers can also help athletes perform better by increasing their pedalling output and efficiency.
Market Drivers
People's awareness of fitness and personal health has grown as chronic diseases like obesity and diabetes are becoming more commonplace across the world. In recent years, the adult and youth populations of nations in Europe and North America have seen an increase in the number of fitness fanatics. Lack of bike-friendly areas, such as deserted city streets and cramped parks, boosts demand for indoor bike trainers and is predicted to fuel market expansion throughout the projection period.
Because they can be used with indoor cycling apps like Wahoo SYSTM, Zwift, TrainerRoad, and RGT Cycling to control the trainer's replicate and resistance hills, drafting, and headwind effects inside virtual worlds, smart indoor bike trainers are in high demand. Athletes or cyclists can track their workout data and adjust the resistance level with these gadgets, which are often connected to the smart indoor bike trainers using ANT+ or Bluetooth technology. Therefore, it is anticipated that rising demand for intelligent indoor bike trainers will further fuel market expansion.
Market Restraints
The market's growth is anticipated to be hampered by the high cost of raw materials, notably metals like steel and iron. This has led to an increase in the cost of exercise equipment generally, which is expected to restrain market growth over the coming years. Furthermore, the market growth for indoor bike trainers will be further hampered by the high initial investment.
Market Segmentation
The scope of the Global Indoor Bike Trainers Market covers segmentation based on By Types, By Resistance Type, By Distribution Channel and By Region.
By Types, the market is segmented into Smart Bike Trainers, Classic Bike Trainers. By Resistance Type, the market is segmented into Magnetic, Rollers, Fluid, Direct Drive, Others. By Distribution Channel, the market is segmented into Online, Offline.
Regional Analysis
The Global Indoor Bike Trainers Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Due to the rising awareness of fitness and health in this region, North America dominates the market for indoor bike trainers in terms of revenue and market share. Additionally, the market growth in this region will be aided by the rising popularity of cycling as a fitness activity and the high rate of technology adoption among cyclists.
Because of its expanding disposable income, the Asia-Pacific area is anticipated to experience the fastest growth during the projection period. Additionally, the substantial presence of key market players will further spur market expansion in this area.
Key Players
Core Health & Fitness, LLC, iFIT, Rad Power Bikes Inc., Life Fitness, Horizon Fitness, Precor Incorporated, Brunswick Corporation, Landice, Johnson Health Tech, Paramount Group.
Market Taxonomy
By Types
• Smart Bike Trainers
• Classic Bike Trainers
By Resistance Type
• Magnetic
• Rollers
• Fluid
• Direct Drive
• Others
By Distribution Channel
• Online
• Offline
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Indoor Bike Trainers Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Indoor Bike Trainers Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Indoor Bike Trainers Market, By Types
5.1 Y-o-Y Growth Comparison, By Types
5.2 Global Indoor Bike Trainers Market Share Analysis, By Types
5.3 Global Indoor Bike Trainers Market Size and Forecast, By Types
5.3.1 Smart Bike Trainers
5.3.2 Classic Bike Trainers
6 Global Indoor Bike Trainers Market, By Resistance Type
6.1 Y-o-Y Growth Comparison, By Resistance Type
6.2 Global Indoor Bike Trainers Market Share Analysis, By Resistance Type
6.3 Global Indoor Bike Trainers Market Size and Forecast, By Resistance Type
6.3.1 Magnetic
6.3.2 Rollers
6.3.3 Fluid
6.3.4 Direct Drive
6.3.5 Others
7 Global Indoor Bike Trainers Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Indoor Bike Trainers Market Share Analysis, By Distribution Channel
7.3 Global Indoor Bike Trainers Market Size and Forecast, By Distribution Channel
7.3.1 Online
7.2.2 Offline
8 Global Indoor Bike Trainers Market, By Region
8.1 Global Indoor Bike Trainers Market Share Analysis, By Region
8.2 Global Indoor Bike Trainers Market Size and Forecast, By Region
8.3 Global Indoor Bike Trainers Market Trends and Forecast, By Region
9 North America Indoor Bike Trainers Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Indoor Bike Trainers Market Share Analysis, By Types
9.3 North America Indoor Bike Trainers Market Size and Forecast, By Resistance Type
9.4 North America Indoor Bike Trainers Market Size and Forecast, By Distribution Channel
9.5 North America Indoor Bike Trainers Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Types
9.5.1.2 Market Size and Forecast, By Resistance Type
9.5.1.3. Market Size and Forecast, By Distribution Channel
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Types
9.5.2.2 Market Size and Forecast, By Resistance Type
9.5.2.3. Market Size and Forecast, By Distribution Channel
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Types
9.5.3.2 Market Size and Forecast, By Resistance Type
9.5.3.3. Market Size and Forecast, By Distribution Channel
10 Europe Indoor Bike Trainers Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Indoor Bike Trainers Market Share Analysis, By Types
10.3 Europe Indoor Bike Trainers Market Size and Forecast, By Resistance Type
10.4 Europe Indoor Bike Trainers Market Size and Forecast, By Distribution Channel
10.5 Europe Indoor Bike Trainers Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Types
10.5.1.2 Market Size and Forecast, By Resistance Type
10.5.1.3. Market Size and Forecast, By Distribution Channel
10.5.2 France
10.5.2.1. Market Size and Forecast, By Types
10.5.2.2 Market Size and Forecast, By Resistance Type
10.5.2.3. Market Size and Forecast, By Distribution Channel
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Types
10.5.3.2 Market Size and Forecast, By Resistance Type
10.5.3.3. Market Size and Forecast, By Distribution Channel
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Types
10.5.4.2 Market Size and Forecast, By Resistance Type
10.5.4.3. Market Size and Forecast, By Distribution Channel
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Types
10.5.5.2 Market Size and Forecast, By Resistance Type
10.5.5.3. Market Size and Forecast, By Distribution Channel
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Types
10.5.6.2 Market Size and Forecast, By Resistance Type
10.5.6.3. Market Size and Forecast, By Distribution Channel
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Types
10.5.7.2 Market Size and Forecast, By Resistance Type
10.5.7.3. Market Size and Forecast, By Distribution Channel
11 Asia Pacific Indoor Bike Trainers Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Indoor Bike Trainers Market Share Analysis, By Types
11.3 Asia Pacific Indoor Bike Trainers Market Size and Forecast, By Resistance Type
11.4 Asia Pacific Indoor Bike Trainers Market Size and Forecast, By Distribution Channel
11.5 Asia Pacific Indoor Bike Trainers Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Types
11.5.1.2 Market Size and Forecast, By Resistance Type
11.5.1.3. Market Size and Forecast, By Distribution Channel
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Types
11.5.2.2 Market Size and Forecast, By Resistance Type
11.5.2.3. Market Size and Forecast, By Distribution Channel
11.5.3 India
11.5.3.1. Market Size and Forecast, By Types
11.5.3.2 Market Size and Forecast, By Resistance Type
11.5.3.3. Market Size and Forecast, By Distribution Channel
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Types
11.5.4.2 Market Size and Forecast, By Resistance Type
11.5.4.3. Market Size and Forecast, By Distribution Channel
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Types
11.5.5.2 Market Size and Forecast, By Resistance Type
11.5.5.3. Market Size and Forecast, By Distribution Channel
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Types
11.5.6.2 Market Size and Forecast, By Resistance Type
11.5.6.3. Market Size and Forecast, By Distribution Channel
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Types
11.5.7.2 Market Size and Forecast, By Resistance Type
11.5.7.3. Market Size and Forecast, By Distribution Channel
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Types
11.5.8.2 Market Size and Forecast, By Resistance Type
11.5.8.3. Market Size and Forecast, By Distribution Channel
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Types
11.5.9.2 Market Size and Forecast, By Resistance Type
11.5.9.3. Market Size and Forecast, By Distribution Channel
12 Latin America Indoor Bike Trainers Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Indoor Bike Trainers Market Share Analysis, By Types
12.3 Latin America Indoor Bike Trainers Market Size and Forecast, By Resistance Type
12.4 Latin America Indoor Bike Trainers Market Size and Forecast, By Distribution Channel
12.5 Latin America Indoor Bike Trainers Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Types
12.5.1.2 Market Size and Forecast, By Resistance Type
12.5.1.3. Market Size and Forecast, By Distribution Channel
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Types
12.5.2.2 Market Size and Forecast, By Resistance Type
12.5.2.3. Market Size and Forecast, By Distribution Channel
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Types
12.5.3.2 Market Size and Forecast, By Resistance Type
12.5.3.3. Market Size and Forecast, By Distribution Channel
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Types
12.5.4.2 Market Size and Forecast, By Resistance Type
12.5.4.3. Market Size and Forecast, By Distribution Channel
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Types
12.5.5.2 Market Size and Forecast, By Resistance Type
12.5.5.3. Market Size and Forecast, By Distribution Channel
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Types
12.5.6.2 Market Size and Forecast, By Resistance Type
12.5.6.3. Market Size and Forecast, By Distribution Channel
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Types
12.5.7.2 Market Size and Forecast, By Resistance Type
12.5.7.3. Market Size and Forecast, By Distribution Channel
13 Middle East Indoor Bike Trainers Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Indoor Bike Trainers Market Share Analysis, By Types
13.3 Middle East Indoor Bike Trainers Market Size and Forecast, By Resistance Type
13.4 Middle East Indoor Bike Trainers Market Size and Forecast, By Distribution Channel
13.5 Middle East Indoor Bike Trainers Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Types
13.5.1.2 Market Size and Forecast, By Resistance Type
13.5.1.3. Market Size and Forecast, By Distribution Channel
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Types
13.5.2.2 Market Size and Forecast, By Resistance Type
13.5.2.3. Market Size and Forecast, By Distribution Channel
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Types
13.5.3.2 Market Size and Forecast, By Resistance Type
13.5.3.3. Market Size and Forecast, By Distribution Channel
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Types
13.5.4.2 Market Size and Forecast, By Resistance Type
13.5.4.3. Market Size and Forecast, By Distribution Channel
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Types
13.5.5.2 Market Size and Forecast, By Resistance Type
13.5.5.3 Market Size and Forecast, By Distribution Channel
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Types
13.5.6.2 Market Size and Forecast, By Resistance Type
13.5.6.3 Market Size and Forecast, By Distribution Channel
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Core Health & Fitness, LLC
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 iFIT
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Rad Power Bikes Inc.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Life Fitness
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Horizon Fitness
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Precor Incorporated
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Brunswick Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Landice
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Johnson Health Tech
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Paramount Group
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
