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Published: Feb, 2018 | Pages:
130 | Publisher: QYResearch
Industry: Sports Equipment | Report Format: Electronic (PDF)
Global Indoor Bike Trainers market size reached 102 million $ in 2017 from 84 million $ in 2013, and we forecast the Indoor Bike Trainers market size will reach 163 million $ in 2025 with the CAGR (2017-2025) of 6.04%. Global Indoor Bike Trainers market shipment reached 552 thousand units in 2017, and we forecast the Indoor Bike Trainers market shipment will reach 749 Units in 2025. Globally, the Indoor Bike Trainers industry market is low concentrated as the manufacturing technology of Indoor Bike Trainers is relatively matures than some high-tech equipment. And some enterprises, like Technogym, Precor, Elite, Tacx, Kinetic, Minoura, Schwinn and CycleOps are well-known for the wonderful performance of their Indoor Bike Trainers and related services. This report studies the Indoor Bike Trainers market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, and splits the Indoor Bike Trainers market by product type and applications/end industries. The major players in global Indoor Bike Trainers market include Technogym Precor Elite Tacx Kinetic Minoura Schwinn CycleOps Sunlite BKOOL RAD Cycle Products Conquer Blackburn Design Geographically, this report is segmented into several key Regions, with Sales, Sales, revenue, Market Share and Growth Rate of Indoor Bike Trainers in these regions, from 2013 to 2025 (forecast), covering North America Europe Asia-Pacific South America Middle East and Africa On the basis of Function, the Indoor Bike Trainers market is primarily split into Smart Bike Trainers Classic Bike Trainers On the basis on the Sales Channel, this report covers Online Channels Offline Channels
Table of Contents 1 Indoor Bike Trainers Market Overview 1 1.1 Indoor Bike Trainers Product Overview 1 1.2 Indoor Bike Trainers Segment by Types (Product Category) 2 1.2.1 Global Indoor Bike Trainers Sales Comparison by Types (2013-2025) 2 1.2.2 Global Indoor Bike Trainers Sales Market Share by Types in 2017 3 1.2.3 Smart Bike Trainers 3 1.2.4 Classic Bike Trainers 5 1.3 Global Indoor Bike Trainers Segment by Applications 6 1.3.1 Global Indoor Bike Trainers Sales (K Unit) Comparison by Applications (2013-2025) 6 1.3.2 Online Channels 7 1.3.3 Offline Channels 8 1.4 Global Indoor Bike Trainers Market by Regions (2013-2025) 9 1.4.1 Global Indoor Bike Trainers Market Size and Growth Comparison by Regions (2013-2025) 9 1.4.2 North America Indoor Bike Trainers Status and Prospect (2013-2025) 10 1.4.3 Asia-Pacific Indoor Bike Trainers Status and Prospect (2013-2025) 11 1.4.4 Europe Indoor Bike Trainers Status and Prospect (2013-2025) 12 1.4.5 South America Indoor Bike Trainers Status and Prospect (2013-2025) 13 1.4.6 Middle East and Africa Indoor Bike Trainers Status and Prospect (2013-2025) 14 1.5 Global Indoor Bike Trainers Market Size (2013-2025) 15 1.5.1 Global Indoor Bike Trainers Revenue (M USD) Status and Outlook (2013-2025) 15 1.5.2 Global Indoor Bike Trainers Sales (K Unit) Status and Outlook (2013-2025) 16 2 Global Indoor Bike Trainers Market Competition by Manufacturers/Brand 17 2.1 Global Indoor Bike Trainers Sales (K Unit) and Share by Manufacturers (2016 and 2017) 17 2.2 Global Indoor Bike Trainers Revenue (M USD) and Share by Manufacturers (2016 and 2017) 19 2.3 Global Indoor Bike Trainers Average Price (USD/Unit) by Manufacturers (2016 and 2017) 22 2.4 Manufacturing Base and Product Types of Major Indoor Bike Trainers Manufacturers 24 2.5 Indoor Bike Trainers Market Competitive Situation and Trends 25 2.5.1 Indoor Bike Trainers Market Share of Top 3 Manufacturers 25 2.5.2 Indoor Bike Trainers Market Share of Top 5 Manufacturers 26 3 Global Indoor Bike Trainers Sales (K Unit), Revenue (M USD) by Regions (2013-2018) 27 3.1 Global Indoor Bike Trainers Sales (K Unit) and Market Share by Regions (2013-2018) 27 3.2 Global Indoor Bike Trainers Revenue (M USD) and Market Share by Regions (2013-2018) 29 3.3 Global Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 31 3.4 North America Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 31 3.5 Europe Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 32 3.6 Asia-Pacific Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 32 3.7 South America Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 32 3.8 Middle East and Africa Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 33 4 Global Indoor Bike Trainers Sales, Revenue, Price Trend by Types 34 4.1 Global Indoor Bike Trainers Sales (K Unit) and Market Share by Types (2013-2018) 34 4.2 Global Indoor Bike Trainers Revenue and Market Share by Types (2013-2018) 36 4.3 Global Indoor Bike Trainers Price (USD/Unit) by Type (2013-2018) 37 4.4 Global Indoor Bike Trainers Sales Growth by Type (2013-2018) 38 5 Global Indoor Bike Trainers Market Analysis by Applications 39 5.1 Global Indoor Bike Trainers Sales (K Unit) and Market Share by Applications (2013-2018) 39 5.2 Global Indoor Bike Trainers Sales Growth Rate by Applications (2013-2018) 41 6 Global Indoor Bike Trainers Manufacturers Profiles/Analysis 42 6.1 Technogym 42 6.1.1 Company Profile 42 6.1.2 Product Information 43 6.1.3 Sales, Price and Revenue 43 6.2 Precor 44 6.2.1 Company Profile 44 6.2.2 Product Information 45 6.2.3 Sales, Price and Revenue 45 6.3 Elite 46 6.3.1 Company Profile 46 6.3.2 Product Information 47 6.3.3 Sales, Price and Revenue 47 6.4 Tacx 47 6.4.1 Company Profile 47 6.4.2 Product Information 49 6.4.3 Sales, Price and Revenue 49 6.5 Kinetic 50 6.5.1 Company Profile 50 6.5.2 Product Information 51 6.5.3 Sales, Price and Revenue 51 6.6 Minoura 52 6.6.1 Company Profile 52 6.6.2 Product Information 53 6.6.3 Sales, Price and Revenue 53 6.7 Schwinn 54 6.7.1 Company Profile 54 6.7.2 Product Information 55 6.7.3 Sales, Price and Revenue 55 6.8 CycleOps 55 6.8.1 Company Profile 55 6.8.2 Product Information 56 6.8.3 Sales, Price and Revenue 57 6.9 Sunlite 57 6.9.1 Company Profile 57 6.9.2 Product Information 58 6.9.3 Sales, Price and Revenue 58 6.10 BKOOL 59 6.10.1 Company Profile 59 6.10.2 Product Information 60 6.10.3 Sales, Price and Revenue 60 6.11 RAD Cycle Products 61 6.11.1 Company Profile 61 6.11.2 Product Information 62 6.11.3 Sales, Price and Revenue 62 6.12 Conquer 63 6.12.1 Company Profile 63 6.12.2 Product Information 64 6.12.3 Sales, Price and Revenue 64 6.13 Blackburn Design 65 6.13.1 Company Profile 65 6.13.2 Product Information 66 6.13.3 Sales, Price and Revenue 66 7 Indoor Bike Trainers Manufacturing Cost Analysis 67 7.1 Indoor Bike Trainers Key Raw Materials Analysis 67 7.1.1 Key Raw Materials 67 7.1.2 Price Trend of Key Raw Materials 68 7.1.3 Key Suppliers of Raw Materials 68 7.1.4 Market Concentration Rate of Raw Materials 70 7.2 Proportion of Manufacturing Cost Structure 71 7.2.1 Raw Materials 71 7.2.2 Labor Cost 71 7.2.3 Manufacturing Expenses 78 8 Industrial Chain, Sourcing Strategy and Downstream Buyers 79 8.1 Indoor Bike Trainers Industrial Chain Analysis 79 8.2 Upstream Raw Materials Sourcing 79 8.3 Downstream Buyers 80 9 Marketing Strategy Analysis, Distributors/Traders 82 9.1 Marketing Channel 82 9.1.1 Direct Marketing 82 9.1.2 Indirect Marketing 82 9.1.3 Marketing Channel Development Trend 83 9.2 Market Positioning 83 9.2.1 Pricing Strategy 83 9.2.2 Brand Strategy 84 9.3 Distributors/Traders List 86 10 Market Effect Factors Analysis 88 10.1 Technology Progress/Risk 88 10.1.1 Market Drivers -Development of Health & Fitness Clubs 88 10.1.2 Technology Progress in Related Industry 88 10.2 Consumer Needs/Customer Preference Change 89 10.3 Economic/Political Environmental Change 89 11 Global Indoor Bike Trainers Market Forecast (2018-2025) 98 11.1 Global Indoor Bike Trainers Sales (K Unit), Revenue (M USD) Forecast (2018-2025) 98 11.1.1 Global Indoor Bike Trainers Sales (K Unit) and Growth Rate Forecast (2018-2025) 98 11.1.2 Global Indoor Bike Trainers Revenue (M USD) and Growth Rate Forecast (2018-2025) 99 11.2 Global Indoor Bike Trainers Sales (K Unit) and Revenue (M USD) Forecast by Regions (2018-2025) 99 11.2.1 North America Indoor Bike Trainers Sales (K Unit) and Revenue (M USD) Forecast (2018-2025) 100 11.2.2 Europe Indoor Bike Trainers Sales (K Unit) and Revenue (M USD) Forecast (2018-2025) 102 11.2.3 Asia-Pacific Indoor Bike Trainers Sales (K Unit) and Revenue (M USD) Forecast (2018-2025) 103 11.2.4 South America Indoor Bike Trainers Sales (K Unit) and Revenue (M USD) Forecast (2018-2025) 105 11.2.5 Middle East and Africa Indoor Bike Trainers Sales (K Unit) and Revenue (M USD) Forecast (2018-2025) 106 11.3 Global Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) Forecast by Type (2018-2025) 107 11.4 Global Indoor Bike Trainers Sales (K Unit) Forecast by Application (2018-2025) 109 12 Research Findings and Conclusion 111 13 Methodology and Data Source 112 13.1 Methodology/Research Approach 112 13.1.1 Research Programs/Design 112 13.1.2 Market Size Estimation 113 13.1.3 Market Breakdown and Data Triangulation 114 13.2 Data Source 115 13.2.1 Secondary Sources 115 13.2.2 Primary Sources 116 13.3 Disclaimer 117 13.4 Author List 118
List of Tables and Figures Figure Product Picture of Indoor Bike Trainers 1 Figure Global Indoor Bike Trainers Sales (K Unit) Comparison by Types (Product Category) (2013-2025) 2 Figure Global Indoor Bike Trainers Sales Market Share by Types in 2017 3 Figure Product Picture of Smart Bike Trainers 4 Figure Global Market Smart Bike Trainers Revenue (M USD) and Growth Rate (2013-2025) 4 Figure Product Picture of Classic Bike Trainers 5 Figure Global Market Classic Bike Trainers Revenue (M USD) and Growth Rate (2013-2025) 5 Figure Global Indoor Bike Trainers Sales (K Unit) Comparison by Applications (2013-2025) 6 Figure Global Indoor Bike Trainers Sales Market Share by Applications in 2017 7 Figure Online Channels Examples 7 Figure Offline Channels Examples 8 Figure Global Market Indoor Bike Trainers Revenue (M USD) Comparison by Regions 2013-2025 9 Figure North America Indoor Bike Trainers Revenue (M USD) and Growth Rate (2013-2025) 10 Figure Asia-Pacific Indoor Bike Trainers Revenue (M USD) and Growth Rate (2013-2025) 11 Figure Europe Indoor Bike Trainers Revenue (M USD) and Growth Rate (2013-2025) 12 Figure South America Indoor Bike Trainers Revenue (M USD) and Growth Rate (2013-2025) 13 Figure Middle East and Africa Indoor Bike Trainers Revenue (M USD) and Growth Rate (2013-2025) 14 Figure Global Indoor Bike Trainers Revenue (M USD) Status and Outlook (2013-2025) 15 Figure Global Indoor Bike Trainers Sales (K Unit) Status and Outlook (2013-2025) 16 Table Global Indoor Bike Trainers Sales (K Unit) of Key Manufacturers (2016 and 2017) 17 Table Global Indoor Bike Trainers Sales Share by Manufacturers (2016 and 2017) 17 Figure Global Indoor Bike Trainers Sales Share by Manufacturers in 2016 18 Figure Global Indoor Bike Trainers Sales Share by Manufacturers in 2017 19 Table Global Indoor Bike Trainers Revenue (M USD) by Manufacturers (2016 and 2017) 19 Table Global Indoor Bike Trainers Revenue Share by Manufacturers (2016 and 2017) 20 Table Global Indoor Bike Trainers Revenue Share by Manufacturers in 2016 21 Table Global Indoor Bike Trainers Revenue Share by Manufacturers in 2017 22 Table Global Market Indoor Bike Trainers Average Price (USD/Unit) of Key Manufacturers (2016 and 2017) 22 Figure Global Market Indoor Bike Trainers Average Price (USD/Unit) of Key Manufacturers in 2017 23 Table Manufacturing Base and Product Types of Major Indoor Bike Trainers Manufacturers List 24 Figure Indoor Bike Trainers Market Share of Top 3 Manufacturers 25 Figure Indoor Bike Trainers Market Share of Top 5 Manufacturers 26 Table Global Indoor Bike Trainers Sales (K Unit) by Regions (2013-2018) 27 Table Global Indoor Bike Trainers Sales Market Share by Regions (2013-2018) 27 Figure Global Indoor Bike Trainers Sales Market Share by Regions (2013-2018) 28 Figure 2017 Global Indoor Bike Trainers Sales Market Share by Regions 28 Table Global Indoor Bike Trainers Revenue (M USD) by Regions (2013-2018) 29 Table Global Indoor Bike Trainers Revenue Market Share by Regions (2013-2018) 29 Figure Global Indoor Bike Trainers Revenue Market Share by Regions (2013-2018) 30 Figure 2017 Global Indoor Bike Trainers Revenue Market Share by Regions 30 Table Global Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 31 Table North America Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 31 Table Europe Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 32 Table Asia-Pacific Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 32 Table South America Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 32 Table Middle East and Africa Indoor Bike Trainers Sales (K Unit), Revenue (M USD), Price (USD/Unit) and Gross Margin (2013-2018) 33 Table Global Indoor Bike Trainers Sales (K Unit) by Types (2013-2018) 34 Table Global Indoor Bike Trainers Sales Share by Types (2013-2018) 34 Figure Sales Market Share of Indoor Bike Trainers by Types (2013-2018) 35 Figure 2017 Sales Market Share of Indoor Bike Trainers by Types 35 Table Global Indoor Bike Trainers Revenue (M USD) by Types (2013-2018) 36 Table Global Indoor Bike Trainers Revenue Share by Types (2013-2018) 36 Figure Revenue Share of Indoor Bike Trainers by Types (2013-2018) 36 Figure 2017 Revenue Market Share of Indoor Bike Trainers by Types 37 Table Global Indoor Bike Trainers Price (USD/Unit) by Types (2013-2018) 37 Figure Global Indoor Bike Trainers Sales Growth by Type (2013-2018) 38 Table Global Indoor Bike Trainers Sales (K Unit) by Applications (2013-2018) 39 Table Global Indoor Bike Trainers Sales Market Share by Applications (2013-2018) 39 Figure Global Indoor Bike Trainers Sales Market Share by Applications (2013-2018) 40 Figure Global Indoor Bike Trainers Sales Market Share by Applications in 2017 40 Figure Global Indoor Bike Trainers Sales Growth Rate by Applications (2013-2018) 41 Table Technogym Company Profile 42 Figure Indoor Bike Trainers Introduction of Technogym 43 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Technogym (2016 and 2017) 43 Table Precor Company Profile 44 Figure Indoor Bike Trainers Introduction of Precor 45 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Precor (2016 and 2017) 45 Table Elite Company Profile 46 Figure Indoor Bike Trainers Introduction of Elite 47 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Elite (2016 and 2017) 47 Table Tacx Company Profile 47 Figure Indoor Bike Trainers Introduction of Tacx 49 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Tacx (2016 and 2017) 49 Table Kinetic Company Profile 50 Figure Indoor Bike Trainers Introduction of Kinetic 51 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Kinetic (2016 and 2017) 51 Table Minoura Company Profile 52 Figure Indoor Bike Trainers Introduction of Minoura 53 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Minoura (2016 and 2017) 53 Table Schwinn Company Profile 54 Figure Indoor Bike Trainers Introduction of Schwinn 55 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Schwinn (2016 and 2017) 55 Table CycleOps Company Profile 55 Figure Indoor Bike Trainers Introduction of CycleOps 56 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of CycleOps (2016 and 2017) 57 Table Sunlite Company Profile 57 Figure Indoor Bike Trainers Introduction of Sunlite 58 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Sunlite (2016 and 2017) 58 Table BKOOL Company Profile 59 Figure Indoor Bike Trainers Introduction of BKOOL 60 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of BKOOL (2016 and 2017) 60 Table RAD Cycle Products Company Profile 61 Figure Indoor Bike Trainers Introduction of RAD Cycle Products 62 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of RAD Cycle Products (2016 and 2017) 62 Table Conquer Company Profile 63 Figure Indoor Bike Trainers Introduction of Conquer 64 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Conquer (2016 and 2017) 64 Table Blackburn Design Company Profile 65 Figure Indoor Bike Trainers Introduction of Blackburn Design 66 Table Indoor Bike Trainers Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Blackburn Design (2016 and 2017) 66 Figure Key Raw Materials - Steel 67 Figure Price Trend of Key Raw Materials 68 Table Key Suppliers of Raw Materials - Steel 68 Table World Crude Steel Production in 2008-2016 70 Figure Global Production Market Share of Crude Steel by Regions in 2016 70 Figure Manufacturing Cost Structure of Indoor Bike Trainers 71 Figure USA Overview of Average Hourly Wages 2015-2016 (M USD/Hour) 72 Figure USA Overview of Labor Costs 2013-2016 (110 Index Points) 72 Figure Cost of Employing a Factory Worker 74 Figure 2016 Estimated Labor Costs for the Whole Economy in Europe 75 Figure 2016 Monthly Minimum Wages in Asia 76 Figure China Overview of Average Yearly Wages 2015-2016 (CNY/Year) 77 Figure Japan Overview of Average Monthly Wages 2015-2016 (JPY Thousand/Month) 77 Figure Indoor Bike Trainers Industrial Chain Analysis 79 Table Major Buyers of Indoor Bike Trainers 80 Figure Global Indoor Bike Trainers Market by Marketing Channel Development Status and Trend 83 Figure Setting Pricing Policy 84 Table Distributors/Traders List 86 Figure Global GDP Growth Rate for 2016 90 Figure US GDP 2006-2016 (Billion USD) 91 Figure US CPI Change 2016-2017 91 Figure EU GDP 2006-2016 (Billion USD) 92 Figure EU CPI Change 2012-2016 92 Figure Germany GDP 2006-2016 (Billion USD) 93 Figure Germany CPI Change 2016-2017 93 Figure UK GDP 2006-2016 (Billion USD) 94 Figure UK CPI Change 2016-2017 94 Figure Italy GDP 2006-2016 (Billion USD) 95 Figure Italy CPI Change 2016-2017 95 Figure Japan GDP 2006-2016 (Billion USD) 96 Figure Japan CPI Change 2012-2016 96 Figure China GDP 2006-2016 (Billion USD) 97 Figure China CPI Change 2016-2017 97 Figure Global Indoor Bike Trainers Sales (K Unit) and Growth Rate Forecast (2018-2025) 98 Figure Global Indoor Bike Trainers Revenue (M USD) and Growth Rate Forecast (2018-2025) 99 Table Global Indoor Bike Trainers Sales (K Unit) Forecast by Regions (2018-2025) 99 Figure Global Indoor Bike Trainers Sales Market Share Forecast by Regions (2018-2025) 100 Figure North America Indoor Bike Trainers Sales (K Unit) and Growth Rate Forecast (2018-2025) 100 Figure North America Indoor Bike Trainers Revenue and Growth Rate Forecast (2018-2025) 101 Figure Europe Indoor Bike Trainers Sales (K Unit) and Growth Rate Forecast (2018-2025) 102 Figure Europe Indoor Bike Trainers Revenue and Growth Rate Forecast (2018-2025) 102 Figure Asia-Pacific Indoor Bike Trainers Sales (K Unit) and Growth Rate Forecast (2018-2025) 103 Figure Asia-Pacific Indoor Bike Trainers Revenue and Growth Rate Forecast (2018-2025) 104 Figure South America Indoor Bike Trainers Sales (K Unit) and Growth Rate Forecast (2018-2025) 105 Figure South America Indoor Bike Trainers Revenue and Growth Rate Forecast (2018-2025) 105 Figure Middle East and Africa Indoor Bike Trainers Sales (K Unit) and Growth Rate Forecast (2018-2025) 106 Figure Middle East and Africa Indoor Bike Trainers Revenue and Growth Rate Forecast (2018-2025) 107 Table Global Indoor Bike Trainers Sales (M USD) Forecast by Type (2018-2025) 107 Figure Global Indoor Bike Trainers Sales Market Share Forecast by Type (2018-2025) 108 Table Global Indoor Bike Trainers Revenue (M USD) Forecast by Type (2018-2025) 108 Figure Global Indoor Bike Trainers Revenue Market Share Forecast by Type (2018-2025) 109 Global Indoor Bike Trainers Price (USD/Unit) Forecast by Type (2018-2025) 109 Table Global Indoor Bike Trainers Sales (K Unit) Forecast by Application (2018-2025) 109 Figure Global Indoor Bike Trainers Sales Forecast by Application (2018-2025) 110
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