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Middle East & Africa Turbo Trainers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product Type and Distribution Channel

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    Report

  • 94 Pages
  • December 2022
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5715229
UP TO OFF until Mar 15th 2023
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 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.
Frequently Asked Questions about the Middle Eastern & African Turbo Trainers Market

What is the estimated value of the Middle Eastern & African Turbo Trainers Market?

The Middle Eastern & African Turbo Trainers Market was estimated to be valued at $8.2 Million in 2022.

What is the growth rate of the Middle Eastern & African Turbo Trainers Market?

The growth rate of the Middle Eastern & African Turbo Trainers Market is 1.3%, with an estimated value of $8.85 Million by 2028.

What is the forecasted size of the Middle Eastern & African Turbo Trainers Market?

The Middle Eastern & African Turbo Trainers Market is estimated to be worth $8.85 Million by 2028.

Who are the key companies in the Middle Eastern & African Turbo Trainers Market?

Key companies in the Middle Eastern & African Turbo Trainers Market include Elite, Garmin Ltd., Jetblack Cycling, Kurt Manufacturing, Minoura Co. Ltd., Nautilus, Inc., Saris, Technogym SpA and Wattbike Ltd..

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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 Publisher
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

List of Figures
Figure 1. MEA Turbo Trainers Market Segmentation
Figure 2. MEA Turbo Trainers Market Segmentation - By Country
Figure 3. MEA Turbo Trainers Market Overview
Figure 4. MEA Turbo Trainers Market, By Product Type
Figure 5. MEA Turbo Trainers Market, By Country
Figure 7. PEST Analysis: MEA Turbo Trainers Market
Figure 8. Expert Opinions
Figure 9. MEA Turbo Trainers Market Impact Analysis of Drivers and Restraints
Figure 10. MEA: Turbo Trainers Market - Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. MEA Turbo Trainers Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. MEA Regular Trainers: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 13. MEA Smart Trainers: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 14. MEA Turbo Trainers Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 15. MEA Specialty Stores: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 16. MEA Online Retail: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 17. MEA Others: Turbo Trainers Market - Revenue and Forecast To 2028 (US$ Thousand)
Figure 18. MEA: Turbo Trainers Market, by Key Country - Revenue (2021) (US$ ‘Thousand)
Figure 19. MEA: Turbo Trainers Market Revenue Share, by Key Country (2021 and 2028)
Figure 20. South Africa: Turbo Trainers Market-Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Saudi Arabia: Turbo Trainers Market-Revenue and Forecast to 2028 (US$ Thousand)
Figure 22. UAE: Turbo Trainers Market-Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. Rest of MEA: Turbo Trainers Market-Revenue and Forecast to 2028 (US$ Thousand)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Elite
  • Garmin Ltd.
  • Jetblack Cycling
  • Kurt Manufacturing
  • Minoura Co. Ltd.
  • Nautilus, Inc.
  • Saris
  • Technogym SpA
  • Wahoo Fitness
  • Wattbike Ltd.