About Indoor Bike Trainers
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Indoor Bike Trainers market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Indoor Bike Trainers Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Japanese, Italian, and United States Vendors will contribute the maximum growth to Global Indoor Bike Trainers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are RAD CYCLE PRODUCTS (United States), Conquer (United States) and Blackburn (United States).
Segmentation Overview
AMA Research has segmented the market of Global Indoor Bike Trainers market by Type (Smart Bike Trainers, Interactive Bike Trainers and Classic Bike Trainers) 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Indoor Bike Trainers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Professional Cyclist will boost the Indoor Bike Trainers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rising household consumption expenditures, New Product Launches, retrofitting and renovation of old technology in the market and Growing adoption of Indoor Bike Trainers
Restraints:
Increasing Prices of Raw Material
Opportunities:
Technological Advancements in Indoor Bike Trainers and Growth Opportunities from Emerging Markets
Market Leaders and their expansionary development strategies
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.
In September 2019, SRM launched a fully-integrated indoor training bike. The SmartIT is equipped with the German company’s Origin aluminium power meter, offering a claimed accuracy of /- one percent, while the electro-magnetic flywheel is capable of handling 1,400 watts.
Key Target Audience
Indoor 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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.