Middle East & Africa Turbo Trainers Market Forecast to 2028

Report Code : BMIRE00027624 | Region : LAMEA | Industry : Consumer Goods | Published Date : 16/Dec/2022
Middle East & Africa Turbo Trainers Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Regular Trainers and Smart Trainers) and Distribution Channel (Specialty Stores, Online Retail, and Others)

The MEA turbo trainers market is expected to grow from US$ 8.20 million in 2022 to US$ 8.85 million by 2028. It is estimated to grow at a CAGR of 1.3% from 2022 to 2028.

Growing Popularity of Indoor Cycling

The rising incidence of cardiovascular diseases due to the lack of physical activity and changing lifestyles are encouraging people to opt for fitness activities. The COVID-19 pandemic further underlined the importance of health and fitness in the last two years. Sedentary work culture leads to many health ailments, and people are unable to join gyms and fitness clubs due to their busy schedules, which is driving the trend of home workouts such as indoor cycling. Regular cycling can increase cardiovascular fitness, enhance muscle strength and flexibility, improve joint mobility, decrease stress levels, correct posture, and coordination, strengthen bones, decrease body fat levels, prevent various diseases, and reduce anxiety and depression. Indoor cycling equipment may help users meet their daily physical activity requirements without stepping out of their homes. Turbo trainers can be used for indoor cycling; their features such as easy availability and cost-effectiveness, and the ability to put less strain on the spine and lower body make turbo trainers suitable equipment for indoor cycling. Thus, the growing popularity of indoor cycling is likely to provide notable growth opportunities for the turbo trainers market players in the coming years.

The market for turbo trainers is expected to grow at good pace across the MEA region in coming years. Turbo trainers are home fitness equipment that make cycling convenient indoors; it is extremely cost-effective. Moreover, the launch of fitness apps such as Zwift and Rouvy, which deliver a platform for consumers to interact, train, and compete virtually, is proliferating the demand for smart turbo trainers. Further, the rising health awareness among the consumers, the growing consumer spending power, a surge in urban population, and the development of technologically advanced turbo trainers are proliferating the market in the MEA. Moreover, the fitness sector has witnessed tremendous growth in the past few years. This factor has surged the demand for fitness equipment such as turbo trainers at home gyms and residential fitness stations. Furthermore, many women are actively participating in physical activities, boosting the gym culture across the nation. Hence, the rise in fitness culture is anticipated to propel the turbo trainers market during the forecast period. Obesity is a major health concern among the population of the MEA; as a result, the number of gyms has increased across the region, which ultimately boosted the demand for turbo trainers. Moreover, the growing online fitness training sessions have boosted the demand for home fitness equipment, which is bolstering the growth of the turbo trainers market across the region.

MEA Turbo Trainers Market Revenue and Forecast to 2028 (US$ Million)

MEA Turbo Trainers Market Segmentation

The MEA turbo trainers market is segmented based on product type, distribution channel, and country.

Based on product type, the MEA turbo trainers market is bifurcated into regular trainers and smart trainers. The smart trainers segment held a larger market share in 2022. Based on distribution channel, the MEA turbo trainers market is segmented into specialty stores, online retail, and others. The specialty stores segment held the largest market share in 2022. Based on country, the MEA turbo trainers market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. Our regional analysis states that the Rest of MEA dominated the market share in 2022. Elite; Garmin Ltd.; Jetblack Cycling; Kurt Manufacturing; Minoura Co. Ltd.; Nautilus, Inc.; Saris; Technogym SpA; Wahoo Fitness; and Wattbike Ltd. are the leading companies operating in the MEA turbo trainers market.

● Elite

● Garmin Ltd.

● Jetblack Cycling

● Kurt Manufacturing

● Minoura Co. Ltd.

● Nautilus, Inc.

● Saris

● Technogym SpA

● Wahoo Fitness

● Wattbike Ltd.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

4. MEA Turbo Trainers Market Landscape

4.1 Market Overview

4.2 PEST Analysis: MEA Turbo Trainers Market

4.3 Expert Opinions

5. MEA Turbo Trainers Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rapidly Flourishing Fitness Industry

5.1.2 Increased Demand for Smart Turbo Trainers

5.2 Market Restraints

5.2.1 High Initial Investment Requirements and Maintenance Costs

5.3 Market Opportunities

5.3.1 Growing Popularity of Indoor Cycling

5.4 Future Trends

5.4.1 Wide Range of Technologically Advanced Turbo Trainer Systems

5.5 Impact Analysis of Drivers and Restraints

6. Turbo Trainers Market – MEA Analysis

6.1 MEA Turbo Trainers Market –Revenue and Forecast to 2028 (US$ Thousand)

7. MEA Turbo Trainers Market Analysis – By Product Type

7.1 Overview

7.2 MEA Turbo Trainers Market, By Product Type (2021 and 2028)

7.3 Regular Trainers

7.3.1 Overview

7.3.2 Regular Trainers: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)

7.4 Smart Trainers

7.4.1 Overview

7.4.2 Smart Trainers: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)

8. MEA Turbo Trainers Market Analysis – By Distribution Channel

8.1 Overview

8.2 MEA Turbo Trainers Market, By Distribution Channel (2021 and 2028)

8.3 Specialty Stores

8.3.1 Overview

8.3.2 Specialty Stores: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)

8.4 Online Retail

8.4.1 Overview

8.4.2 Online Retail: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)

8.5 Others

8.5.1 Overview

8.5.2 Others: Turbo Trainers Market – Revenue and Forecast to 2028 (US$ Thousand)

9. MEA Turbo Trainers Market– Country Analysis

9.1 Overview

9.1.1 MEA: Turbo Trainers Market, by Key Country

9.1.1.1 South Africa: Turbo Trainers Market–Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.1.1 South Africa: Turbo Trainers Market, By Type

9.1.1.1.2 South Africa: Turbo Trainers Market, by Distribution Channel

9.1.1.2 Saudi Arabia: Turbo Trainers Market–Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.2.1 Saudi Arabia: Turbo Trainers Market, By Type

9.1.1.2.2 Saudi Arabia: Turbo Trainers Market, by Distribution Channel

9.1.1.3 UAE: Turbo Trainers Market–Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.3.1 UAE: Turbo Trainers Market, By Type

9.1.1.3.2 UAE: Turbo Trainers Market, by Distribution Channel

9.1.1.4 Rest of MEA: Turbo Trainers Market–Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.4.1 Rest of MEA: Turbo Trainers Market, By Type

9.1.1.4.2 Rest of MEA: Turbo Trainers Market, by Distribution Channel

10. Industry Landscape

10.1 Overview

10.2 Product launch

11. Company Profiles

11.1 Elite

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Garmin Ltd.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Kurt Manufacturing

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Minoura Co. Ltd.

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Nautilus, Inc.

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Saris

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Technogym SpA

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Wahoo Fitness

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Jetblack Cycling

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Wattbike Ltd.

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES.

Table 1. MEA Turbo Trainers Market –Revenue and Forecast to 2028 (US$ Thousand)

Table 2. South Africa Turbo Trainers Market, By Type – Revenue and Forecast to 2028 (US$ Thousand)

Table 3. South Africa Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)

Table 4. Saudi Arabia Turbo Trainers Market, By Type – Revenue and Forecast to 2028 (US$ Thousand)

Table 5. Saudi Arabia Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)

Table 6. UAE Turbo Trainers Market, By Type – Revenue and Forecast to 2028 (US$ Thousand)

Table 7. UAE Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)

Table 8. Rest of MEA Turbo Trainers Market, By Type – Revenue and Forecast to 2028 (US$ Thousand)

Table 9. Rest of MEA Turbo Trainers Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Thousand)

Table 10. List of Abbreviation

● Elite

● Garmin Ltd.

● Jetblack Cycling

● Kurt Manufacturing

● Minoura Co. Ltd.

● Nautilus, Inc.

● Saris

● Technogym SpA

● Wahoo Fitness

● Wattbike Ltd.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA turbo trainers market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the MEA turbo trainers market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the turbo trainers market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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