USD 1.04 billion
Report ID: SQSG25J2014 | Region: Global | Published Date: October, 2022 | Pages: 157
Global Treadmill Ergometer Market Size was valued at USD 1.04 billion in 2021, and it is expected to reach a value of USD 1.37 billion by 2028, at a CAGR of more than 4% over the forecast period (2022-2028).
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.
Global Market Size
USD 1.04 billion
more than 4% CAGR
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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.
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.
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.
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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.
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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.
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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.
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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.
|Market size value in 2021||USD 1.04 billion|
|Market size value in 2028||USD 1.37 billion|
|Growth Rate||more than 4%|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global 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 Global 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.
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Product ID: SQSG25J2014