USD 0.71 billion
Treadmill Ergometer Market Size, Share, Growth Analysis, By Application(Home consumers, health clubs / gym, hotel gym, medical centers / hospitals), By Type(Sports, medical type), By End-user(Commercial, Residential), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25J2056 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
90
|Figures:
79
Treadmill Ergometer Market Insights
Treadmill Ergometer Market size was valued at USD 0.71 billion in 2019 and is poised to grow from USD 0.75 billion in 2023 to USD 1.01 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).
Treadmill ergometry is used to assess the cardiorespiratory response, arteriovenous oxygen difference, and lactate levels. Regardless, an ergometer is a piece of equipment that measures muscle effort or activity level. Furthermore, they provide information on the distance travelled, calories consumed, and pulse rate during the activity. A Treadmill ergometer is thus Treadmill equipment combined with an ergometer gadget that monitors the activity done while using the Treadmill. The rising prevalence of cardiovascular diseases among the younger population has increased the use of cardio exercises, which is expected to drive demand for Treadmill ergometers in the near future. Staircase Treadmills, for example, are becoming more popular due to their cardiovascular benefits. Furthermore, Treadmill ergometers have become a standard part of physiotherapy training.
Smart equipment adoption in gyms and sports clubs is expected to drive demand for integrated technology in fitness equipment. The introduction of connected or smart gym equipment, which allows users to connect to the internet while storing and collecting data on centralised servers, is expected to boost market growth. These linked Treadmills have a variety of functions and programmes that collect personalised information about an individual in order to track their progress through regular cardio tests. For example, iFit offers an internet-connected Treadmill with customizable workout programmes and additional features such as stat tracking, meal plans, and other fitness support.
US Treadmill Ergometer Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Sports
Fastest Growth
Medical
Growth Rate
5.2% CAGR
Global Treadmill Ergometer Market, 2021-2028 ($ Bn)
Country Share for North AmericaRegion- 2021 (%)
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Treadmill Ergometer Market Segmental Analysis
Global Treadmill Ergometer Market is segmented based on the application, type, end-user, and region. Based on application, global Treadmill ergometer market is segmented into home consumers, health clubs / gym, hotel gym, medical centers / hospitals, and others. Based on type, the Treadmill ergometer market is segmented into sports and medical type. Based on end-user, the Treadmill ergometer market is categorized into commercial and residential. By region, the market is segmented into Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa.
Treadmill Ergometer Market Analysis by End-user
In 2021, the commercial segment dominated the global market. Treadmill ergometers are expected to be widely used in commercial structures such as sports clubs, fitness clubs, gyms, offices, and medical centres, among others. Furthermore, the increased construction of these commercial spaces is expected to boost demand for Treadmill ergometers in the near future. Based in St. Louis, Missouri, produces Treadmills for both residential and commercial use. Increasing fitness awareness is expected to drive demand for commercial health spaces such as gyms and sports and fitness centres.
From 2021 to 2028, the residential segment is expected to grow at a significant CAGR. Increased adoption of Treadmill ergometers due to high work pressures and consumers' hectic lifestyles is expected to drive segment growth. The rising prevalence of CHD is expected to encourage consumers to engage in regular cardio training exercises. However, their hectic work schedules and hectic lifestyles do not allow them to devote enough time to fitness clubs or gyms. As a result, the residential category is expected to grow significantly in the coming years. Manufacturers also release new products to the market for the benefit of consumers. For example, BODYCRAFT released the TD250 Treadmill, which has a folding feature and can be easily converted to a tread desk.
Treadmill Ergometer Market Analysis by Application
In 2021, fitness clubs had a market share of more than 82%. The growing acceptance of fitness and sports as part of routine physical activity is expected to drive segment growth. Treadmill ergometer demand is expected to be driven by rising consumer preference for sports and fitness training clubs. Manufacturers prioritise innovation with various technological features in order to attract more customers.
From 2021 to 2028, the medical centre is predicted to grow at a significant CAGR. The increasing number of deaths and injuries caused by cardiovascular illnesses, high blood pressure, and other heart problems is expected to motivate hospitals and medical facilities to integrate cardio training for patients suffering from these health issues. Treadmills are the most essential fitness equipment in cardiac training, thus demand from medical institutions is predicted to increase significantly. Manufacturers are focusing on new product development to bring new features and innovative technology in response to the growing popularity of paediatric exercise.
Global Treadmill Ergometer Market By End-user , 2021 (%)
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Treadmill Ergometer Market Regional Insights
In 2021, North America dominated the global market. Increased product penetration and the existence of mass brands in the region are expected to boost regional demand for Treadmill ergometers through both online and offline channels. As a result of the region's significant interest in fitness and a healthy lifestyle, customers are increasingly investing in handy workout equipment. The availability of a diverse range of devices for monitoring physical activity is projected to drive regional market growth. With a strong consumer readiness to spend on fitness and health rehabilitation, the United States dominates the worldwide market.
Because of the tremendous growth in fitness activity adoption, Asia Pacific is predicted to have the quickest CAGR throughout the projection period. The rapid growth of the region’s health and wellness business is likely to increase the number of new fitness clubs and medical rehabilitation clinics. This aspect is predicted to drive Treadmill ergometer demand in the near future. The increase in disposable income, along with consumer desire to invest in health and fitness equipment, is expected to boost regional expansion even further.
Global Treadmill Ergometer Market By Region, 2021-2028
- Largest
- Fastest
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Treadmill Ergometer Market Dynamics
Treadmill Ergometer Market Driver
Technological Progress and Increasing Consumer Awareness
- The growth in the number of health conditions such as obesity, cardiovascular disease, and PCOD, among others, is a key reason why people are becoming more conscious of their health and how physical activities may help them monitor it. This awareness about physical activities in accordance with the most recent technological advancements in fitness equipment, such as continuously monitoring the users' body condition and the introduction of smart equipment in recent times, is an important factor driving the Treadmill ergometer market. Furthermore, the compact designs of Treadmill equipment for in-home exercising and continual improvement by gymnasiums to improve their environment for visitors are other considerations that should be considered again.
Treadmill Ergometer Market Restraint
- With individuals becoming more mindful of their health and physical activity, not only is the demand for digital equipment growing, but so are several other types of physical exercise. Various dance forms, such as Zumba, Aerobics, and so on, as well as yoga sessions, have been increasingly popular in recent years, and people are drawn to such forms for the purpose of disconnecting from digital gadgets and engaging in natural activities. As a result, this shift in individuals might significantly impede the growth of the Treadmill ergometer market throughout the projected period.
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Treadmill Ergometer Market Competitive Landscape
Global Treadmill ergometer market holds great potential for international and regional players. Emerging market players, especially from developing countries, are expected to have more opportunities to enter the market. Increasing establishment of government initiatives and increasing foreign investment to develop the sector, are expected to spur industry growth in the coming years. Overall, the global market is highly competitive and dependent on product development and technological advancements. Industry players are striving to match local tastes and gain a competitive advantage over others.
Treadmill Ergometer Market Top Player's Company Profiles
- Nautilus, Inc.
- ICON Health & Fitness, Inc.
- Johnson Health Tech Co., Ltd.
- Brunswick Corporation
- Technogym S.p.A.
- Precor Incorporated
- Cybex International, Inc.
- Woodway USA, Inc.
- Life Fitness
- Matrix Fitness
- Sole Fitness
- ProForm
- Horizon Fitness
- TRUE Fitness Technology
- Spirit Fitness
- Octane Fitness
- BH Fitness
- NordicTrack
- Marcy Pro
- Xterra Fitness
Treadmill Ergometer Market Recent Developments
- On September 2022, Reach, a leading sports and fitness equipment brand, has launched a ‘Made in India’ motorized Treadmill T-400. The exercise equipment is a sleek, high-quality aluminium model, priced at ₹12,999.Ideal for home fitness setup, the motorized T-400 model comes with a high-power 4HP Peak DC motor, offering the maximum speed 12km/hr. It is accompanied by 3 levels of adjustable manual inclination and wheels for easy movement and shifting.
- On September 2022, Flexnest, a leading D2C fitness brand has announced the launch of India's 1st Smart Connected walking pad, the Flexpad. As with all smart Flexnest Equipment, the new Flexpad connects to the Flexnest App to give you 500+ trainer-guided workouts and 50+ virtual walks. It also comes with an in-built Bluetooth speaker and remote control for operation and speeds up to 12km/hr
- On September 2022, The Bowflex BXT8J Treadmill offers high-performance cardio combined with the ability to pair the user’s device to the JRNY® adaptive fitness app. The Treadmill’s built-in media shelf makes it easy to explore new and personalized JRNY® workout experiences by using a tablet or phone (available on iOS and Android devices). The JRNY® adaptive fitness membership provides access to Explore the World routes, JRNY radio, and hundreds of trainer-led workouts, which are tracked and saved in the JRNY(R) member’s journal.
Treadmill Ergometer Key Market Trends
- The introduction of smart Treadmills that can link to the Internet and gather and store data for analysis has boosted industry development. Because of cardiovascular advantages, staircase Treadmills are becoming more popular. Furthermore, Treadmill ergometers have become a standard feature of physiotherapy training. The primary factor driving market expansion is the increasing usage of electric gym equipment. The launch of smart Treadmills, which provides internet connection that collects and stores information to analyse, had a positive market growth. Product makers' active promotional operations on social media platforms to reach a broader customer base and raise knowledge about the benefits of fitness tech-products are also contributing to market growth.
Treadmill Ergometer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Treadmill ergometer market analysis, rise in 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. The Treadmill ergometer has become a standard feature of physiotherapy training. With the frequency of cardiovascular problems on the rise, people are resorting to real-time monitoring of their heart ailments and attending gyms. This has aided in the growth of the Treadmill ergometer market. iFit offers an internet-connected Treadmill with a variety of training routines and extra services like as stat monitoring, diet plans, and other fitness support.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 0.71 billion |
| Market size value in 2031 | USD 1.01 billion |
| Growth Rate | 5.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Treadmill Ergometer Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Treadmill Ergometer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Treadmill Ergometer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Treadmill Ergometer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Treadmill Ergometer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Treadmill Ergometer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Treadmill Ergometer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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