Bike Trainers Market Share Growing at 6.9% CAGR to Hit USD 362.6 Million by 2031
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/7391
A bike trainer is an equipment that enables stationary cycling. It is frequently used to warm up before races or when riding conditions are poor outside. Market prospects for bike trainers are being created by the fast-expanding e-sports trend. Equipment for e-cycling competitions must include bike trainers. Using software and apps, these trainers enable people to join and participate in such activities while remaining at home. Cycling competitions for e-sports are being organized by market players and sports groups. The first-ever cue cycling e-sports world championship, for instance, was held in 2020 at Zwift and UCI's facilities. Other firms are working hard to create an innovative cycling discipline and e-sports platform.
For maximum stability, while riding, the bike is securely attached to the bike trainer. This leads to two issues: first, the clamps may scratch or even destroy the quick-release levers, and second, the bicycle frame may also be damaged. The other problem is that the applied pressure causes the rear tire to deteriorate more quickly than the front. The resistance system of the bike trainer is what causes the pressure on the rear tire. These factors hinder the market for bike trainers globally by reducing the bike trainers market demand.
According to bike trainers market analysis, the bike trainers market is analyzed on the basis of type, application, distribution channel, and region. By type, the market is divided into smart bike trainers and classic bike trainers. Among these, the classic bike trainers segment occupied the major bike trainers market share in 2021 and is projected to maintain its dominance during the forecast period. Classic bike trainers are used for cardio workouts to reduce excess weight and strengthen hip and knee joints.
Share Your Requirements & Get Customized Reports: https://www.alliedmarketresearch.com/request-for-customization/7391
By application, the market is divided into training, fitness, and others. The training segment is growing at a moderate rate during the forecast period. Professional cyclists are the ones who use bike trainers the most. Large-scale use of bike trainers as indoor cycling equipment is prevalent. More people ride bikes in the U.S. in 2017 than in 2013, when there were over 43 million. Bike trainers have gained popularity because of at-home training. In 2020, consumer preferences for home bike trainers will likely be positively impacted by the COVID-19 pandemic. These bike trainers market trends is driving the market growth.
By distribution channel, it is classified into online and offline. The online segment is anticipated to grow at highest CAGR during the forecast period. Customers are encouraged to purchase bike trainers online by an increase in discounts and deals, as well as the popularity of various internet portals in rising economies. Online sales channels have expanded the consumer base as well, which has contributed to its development as a substantial source of revenue for many organizations.
The region that dominated the global bike trainers market in 2021 was North America, and this dominance is anticipated to continue throughout the forecast period. The rise in rate of obesity is the main driver of the market since more people in the region are using exercise equipment like bike trainers. The growing number of fitness centers due to rising obesity rates and increasing health consciousness among consumers are creating prospects for the global bike trainers market growth.
Exporters in both developed and developing nations faced several difficulties because of the COVID-19 pandemic. The implementation of lockdown and curfew procedures on a global scale had an impact on both domestic and foreign manufacturers of bike trainers, which in turn hindered bike trainers market expansion. As a result, the COVID-19 epidemic had a negative influence on the bike trainers market in 2020.
The major players analyzed for global bike trainers industry are BKOOL, CA Global, Garmin Ltd., ELITE SRL, Kurt Manufacturing Company, Minoura Co. Ltd, Stages Cycling LLC, TECHNOGYM S.p.A, Wahoo Fitness LLC, Wattbike Ltd, Qingdao Magene Intelligence Technology Co., Ltd., Decathlon SA, JetBlack Cycling, Alpcour, and Feedback Sports LLC.
Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/d6ab2b2d4b8b262bd82e0db7e39a202c
KEY FINDINGS OF STUDY
By type, the classic bike trainers segment was the highest revenue contributor to the market, with $94.0 million in 2021, and is estimated to reach $190.0 million by 2031, with a CAGR of 5.8%.
By application, the fitness segment was the highest revenue contributor to the market, with $85.6 million in 2021, and is estimated to reach $185.7 million by 2031, with a CAGR of 6.5%.
By distribution channel, the offline segment was the highest revenue contributor to the market, with $106.6 million in 2021, and is estimated to reach $235.0 million by 2031, with a CAGR of 6.7%.
Region wise, North America was the highest revenue contributor, accounting for $56.3 million in 2021, and is estimated to reach $117.8 million by 2031, with a CAGR of 6.1%.
Reasons to Buy this Bike Trainers Market Report:
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic you're looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
Related Reports :
Sports Equipment and Apparel Market https://www.alliedmarketresearch.com/sports-equipment-and-apparel-market
Swimwear Market https://www.alliedmarketresearch.com/swimwear-market
Yoga Clothing Market https://www.alliedmarketresearch.com/yoga-clothing-market-A14194
Europe Sports Equipment and Apparel Market https://www.alliedmarketresearch.com/europe-sports-equipment-and-apparel-market
Baseball Shoes Market https://www.alliedmarketresearch.com/baseball-shoes-market-A13695
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Toll Free: +1-800-792-5285
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bike Trainers Market Share Growing at 6.9% CAGR to Hit USD 362.6 Million by 2031 here
News-ID: 3321735 • Views: …
More Releases from Allied Market Research
Anticoagulants Market To Witness High Demand by 2032 | Pfizer, Sanofi, Boehringe …
Allied Market Research added new research on Anticoagulants Market- Global Opportunity Analysis and Industry Forecast, 2022-2032. The Anticoagulants market explores comprehensive study on various segments like size, share, development, innovation, sales and overall growth of major players. The research is based on primary and secondary data sources and it consists both qualitative and quantitative detailing. Some of the key players involved in the study are Aspen Holdings, Bayer AG, Boehringer
Retinal Biologics Market To See Booming Growth by 2032 | Novartis, Regeneron, Ho …
Allied Market Research added new research on Retinal Biologics Market- Global Opportunity Analysis and Industry Forecast, 2022-2032. The Retinal Biologics market explores comprehensive study on various segments like size, share, development, innovation, sales and overall growth of major players. The research is based on primary and secondary data sources and it consists both qualitative and quantitative detailing. Some of the key players involved in the study are Novartis, Regeneron3F, Hoffmann
Diabetic Retinopathy Market To See Rapid Growth by 2032 | AbbVie, Novartis, Pfiz …
Allied Market Research added new research on Diabetic Retinopathy Market- Global Opportunity Analysis and Industry Forecast, 2022-2032. The Diabetic Retinopathy market explores comprehensive study on various segments like size, share, development, innovation, sales and overall growth of major players. The research is based on primary and secondary data sources and it consists both qualitative and quantitative detailing. Some of the key players involved in the study are Alimera Science, Abbvie,
Gastric Cancer Diagnostic Market To Witness Impressive Growth by 2032 | Abbott L …
Allied Market Research added new research on Gastric Cancer Diagnostic Market- Global Opportunity Analysis and Industry Forecast, 2022-2032. The Gastric Cancer Diagnostic market explores comprehensive study on various segments like size, share, development, innovation, sales and overall growth of major players. The research is based on primary and secondary data sources and it consists both qualitative and quantitative detailing. Some of the key players involved in the study are Hipro
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and