Treadmill Ergometer Market by Applications (Fitness Clubs and Medical Centers), End-users (Commercial and Residential), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031
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 |
Details |
Report Title |
Treadmill Ergometer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Applications (Fitness Clubs and Medical Centers), End-users (Commercial and Residential) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
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. |
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Treadmill Ergometer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Treadmill Ergometer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Treadmill Ergometer Market - Supply Chain
4.5. Global Treadmill Ergometer Market Forecast
4.5.1. Treadmill Ergometer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Treadmill Ergometer Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Treadmill Ergometer Market Absolute $ Opportunity
5. Global Treadmill Ergometer Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Treadmill Ergometer Market Size and Volume Forecast by Applications
5.3.1. Fitness Clubs
5.3.2. Medical Centers
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Treadmill Ergometer Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Treadmill Ergometer Market Size and Volume Forecast by End Users
6.3.1. Commercial
6.3.2. Residential
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Treadmill Ergometer Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Treadmill Ergometer Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Treadmill Ergometer Demand Share Forecast, 2019-2026
8. North America Treadmill Ergometer Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Treadmill Ergometer Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Treadmill Ergometer Market Size and Volume Forecast by Applications
8.4.1. Fitness Clubs
8.4.2. Medical Centers
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Treadmill Ergometer Market Size and Volume Forecast by End Users
8.7.1. Commercial
8.7.2. Residential
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Treadmill Ergometer Demand Share Forecast, 2019-2026
9. Latin America Treadmill Ergometer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Treadmill Ergometer Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Treadmill Ergometer Market Size and Volume Forecast by Applications
9.4.1. Fitness Clubs
9.4.2. Medical Centers
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Treadmill Ergometer Market Size and Volume Forecast by End Users
9.7.1. Commercial
9.7.2. Residential
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Treadmill Ergometer Demand Share Forecast, 2019-2026
10. Europe Treadmill Ergometer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Treadmill Ergometer Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Treadmill Ergometer Market Size and Volume Forecast by Applications
10.4.1. Fitness Clubs
10.4.2. Medical Centers
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Treadmill Ergometer Market Size and Volume Forecast by End Users
10.7.1. Commercial
10.7.2. Residential
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Treadmill Ergometer Demand Share Forecast, 2019-2026
11. Asia Pacific Treadmill Ergometer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Treadmill Ergometer Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Treadmill Ergometer Market Size and Volume Forecast by Applications
11.4.1. Fitness Clubs
11.4.2. Medical Centers
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Treadmill Ergometer Market Size and Volume Forecast by End Users
11.7.1. Commercial
11.7.2. Residential
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Treadmill Ergometer Demand Share Forecast, 2019-2026
12. Middle East & Africa Treadmill Ergometer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Treadmill Ergometer Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Treadmill Ergometer Market Size and Volume Forecast by Applications
12.4.1. Fitness Clubs
12.4.2. Medical Centers
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Treadmill Ergometer Market Size and Volume Forecast by End Users
12.7.1. Commercial
12.7.2. Residential
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Treadmill Ergometer Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Treadmill Ergometer Market: Market Share Analysis
13.2. Treadmill Ergometer Distributors and Customers
13.3. Treadmill Ergometer Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. BODYCRAFT
13.4.2. Ergoline GmbH
13.4.3. h/p cosmos sports & medical GmbH
13.4.4. Life Fitness
13.4.5. TECHNOGYM S.p.A
13.4.6. ICON Health & Fitness
13.4.7. Amer Sports
13.4.8. Johnson Fitness & Wellness
13.4.9. Cybex International, Inc.
13.4.10. Enraf-Nonius