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

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 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 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. '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', '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.'

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.

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.

In 2021, North America dominated the 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.