What is Indoor Bike Trainers Market?
Indoor bike trainer are safe, affordable, as well as simulates all the requirements necessary to ride a bike. Several children suffer from disabilities which make the already difficult learning process of how to ride a bike even harder. In order to make it easier for them to learn to ride a bike as well as provide an ability to practice longer, indoor bike trainers are used. These are the tools to help people improve. Whether a beginner or a seasoned cyclist, indoor bike trainer will help go farther and faster on the bike. Many types such as Smart Bike Trainers, Interactive Bike Trainers, as well as classic bike trainers are used by many professional cyclist, as well as unprofessional bike enthusiasts.
The market study is being classified by Type (Smart Bike Trainers, Interactive Bike Trainers and Classic Bike Trainers) and major geographies with country level break-up.
CycleOps (United States), Kurt Manufacturing Company, Inc. (United States), MINOURA JAPAN (Japan), Tacx B.V. (The Netherlands), Wahoo Fitness (United States), Elite (Italy), Schwinn Bicycle Company (United States), TECHNOGYM S.p.A (Italy) and SRAM Corporation (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are RAD CYCLE PRODUCTS (United States), Conquer (United States) and Blackburn (United States).
In June 2018, SRAM Corporation has announced the purchase of the Velotron product line from RacerMate, indoor bike trainer manufacturer. This purchase will support the company to remain comparative in the global indoor bike trainers market. Research Analyst at AMA predicts that Japanese, Italian, and United States Vendors will contribute to the maximum growth of Global Indoor Bike Trainers market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Indoor Bike Trainers market by Type, Application and Region.
On the basis of geography, the market of Indoor Bike Trainers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising household consumption expenditures
- New Product Launches, retrofitting and renovation of old technology in the market
- Growing adoption of Indoor Bike Trainers
- Increasing Prices of Raw Material
- Technological Advancements in Indoor Bike Trainers
- Growth Opportunities from Emerging Markets
Key Target AudienceIndoor Bike Trainers Manufacturers, Raw material suppliers, Distributors/traders/wholesalers/suppliers, Commercial research & development (R&D) institutions, Government organizations, research organizations, and consulting firms, Trade associations and industry bodies and End-use industries