Global Turbo Trainer Market Overview:
The global turbo trainer market is witnessing the highest growth in the last few years due to the rise in demand for fitness and training equipment has surged a considerable spike due to evolving consumer preferences. However, turbo trainers have emerged as ideal training equipment, particularly for cyclists and fitness enthusiasts living in regions with hostile climatic conditions. The increasing popularity of cycling as a fitness activity is expected to have a strong impact on the overall development of the global turbo trainer market in the forecast period.
- Rising Awareness Related to Health and Fitness among Consumers Around the World
- Increase in the Number of Cycling Enthusiasts in Recent years has Accelerated the Demand for Turbo Trainers
- Growing Adoption of Turbo Trainers for Various Fitness Training Programs
- Fluctuating Raw Material Prices
- Increase in R&D Activities
- High Cost Associated with Turbo Trainer
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Technogym (Italy), Precor Incorporated (United States), Elite (Italy), Tacx (Netherlands), Kurt Manufacturing Company (United States), Schwinn Bicycle Company (United States), CycleOps (United States), Cycle Sport & Fitness (United States), Conquer Equipment (United States), Wahoo Fitness (United States) and Blackburn Design (United States). Additionally, following companies can also be profiled that are part of our coverage like BKOOL (Spain) and Minoura (Japan). Analyst at AMA Research see United States Vendors to retain maximum share of Global Turbo Trainer market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Turbo Trainer market.
Recently, in August 2020, Wahoo has announced the launch of a newly developed turbo trainer with improved automatic calibration and accuracy.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Turbo Trainer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Turbo Trainer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Turbo Trainer Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.