The Global Treadmill Ergometer Market size was valued at USD 3.14 Billion in 2022 and is expected to surpass USD 4.96 Billion by 2031, expanding at a CAGR of 5.2% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing adoption of sports and fitness related activities.
A treadmill is a fitness equipment, which allows the user to carry out physical activities such as walking and running while staying at the same place. However, an ergometer is a device that monitors muscle exertion or keeps a track of the amount of exercise being done. Moreover, they provide information about the distance covered, calories burned, and heart rate during the exercise.
Thus, a treadmill ergometer is a treadmill equipment integrated with an ergometer device, which monitors the exercise done while using the treadmill.
Rising prevalence of cardiovascular diseases among the younger population has boosted the adoption of cardio exercises, which is expected to spur the demand for treadmill ergometers in the foreseeable future. For instance, staircase treadmills are increasingly being adopted owing to their cardiovascular benefits. Moreover, treadmill ergometer has become a part of the general training procedure in physiotherapy.
Treadmill ergometer has been increasingly adopted for home exercises. Introduction of smart treadmills that allows Internet connectivity and which collects and stores data for the analysis has positively impacted the growth of the market.
Market Drivers, Restraints, Trends, and Opportunities
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Increasing demand for real-time tracking of fitness and athletic performance is projected to spur the market growth.
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Rising demand for fitness equipment infused with latest technology that improves performance and convenience is anticipated to positively impact the demand for treadmill ergometers.
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Increasing investment in the product development is projected to spur the market growth.
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Increasing adoption of electric gym equipment is the prime factor driving the market growth.
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Growing concern of people toward health and fitness and the desire to have accurate records of their physical activities are projected to drive the market growth during the forecast period.
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Rising preference for natural fitness activities such as aerobics, yoga, and zumba instead of visually-aid methods is projected to restrain the growth of the market during the forecast period.
Scope of Treadmill Ergometer Market Report
The report on the global treadmill ergometer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Treadmill Ergometer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Applications (Fitness Clubs and Medical Centers), End-users (Commercial and Residential)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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BODYCRAFT, Ergoline GmbH, h/p cosmos sports & medical GmbH, Life Fitness, TECHNOGYM S.p.A, ICON Health & Fitness, Amer Sports, Johnson Fitness & Wellness, Cybex International, Inc. and Enraf-Nonius.
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Global Treadmill Ergometer Market Segment Insights
Fitness clubs segment accounts for a large market share
On the basis of applications, the market is segmented into fitness clubs and medical centers. The fitness clubs segment accounted for a large share of the market in 2020, in terms of revenue. Increasing adoption of sports and fitness related activities in daily routine is spurring the growth of the segment.
The medical centers segment is anticipated to register a substantial CAGR during the forecast period. Rising incidence of cardiovascular diseases and high blood pressure levels in younger population is anticipated to encourage medical centers to include cardio training for patients suffering from these health conditions, which in turn, is stimulating the growth of the market segment.
Commercial segment is projected to account for a considerable market share
Based on end-users, the market is classified into commercial and residential. The commercial segment is anticipated to grow at a healthy rate owing to increasing awareness among consumers regarding the importance of fitness. Furthermore, rising number of commercial health spaces such as gyms, sports, and fitness clubs across the world is anticipated to positively impact the growth of the market.
The residential segment is expected to witness a substantial CAGR during the forecast period. Rising adoption of treadmill ergometers owing to high work pressure and hectic lifestyle of consumers is anticipated to spur the growth of this segment.
The market in North America is anticipated to grow at a rapid rate
In terms of regions, the market is classified into Asia Pacific, North America, Latin America, Europe and Middle East & Africa. North America is anticipated to account for a large market share owing to the presence of major industry players in countries such as the US and Canada. Moreover, consumers are increasingly investing in convenient fitness equipment owing to the inclination toward healthy lifestyle.
The market in Asia Pacific is projected to witness an impressive growth rate owing to the rising adoption of fitness activities in the region. Furthermore, increasing disposable income of consumers along with their inclination toward investing in health and fitness equipment is projected to spur the market growth in this region.
Segments
Applications
- Fitness Clubs
- Medical Centers
End-users
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Some of the leading manufacturers in the global treadmill ergometer market are BODYCRAFT, Ergoline GmbH, h/p cosmos sports & medical GmbH, Life Fitness, TECHNOGYM S.p.A, ICON Health & Fitness, Amer Sports, Johnson Fitness & Wellness, Cybex International, Inc. and Enraf-Nonius.
Companies are focusing on product innovation to improve their product offerings to acquire a major market share. In 2019, BODYCRAFT announced the launch of TD250 Treadmill, which includes folding feature and can be converted into a tread desk. It is mainly designed for small spaced apartments.