Treadmill Ergometer Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018-2028, Segmented By Application ; By End User ; By Region

Description

Global Treadmill Ergometer Market to Grow at a CAGR of 8.9%, during Forecast Period

Global treadmill ergometer market is thriving due to increasing number of people turning to gyms and wellness centers to maintain their physical fitness and activities and the launch of high-tech products.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects global treadmill ergometer equipment market size to grow at a CAGR of 8.9% during the forecast period between 2022 and 2028, reaching a value of USD 5.18 billion by 2028. Various microeconomic and macroeconomic factors are having a positive impact on the global treadmill ergometer market. The rising popularity of electric gym equipment has been one of the main drivers of the market expansion. People are more concerned with maintaining their physical fitness and good health, and they want accurate records of their physical activity. Treadmills are among the most popular gym equipment. Hence, there is an increasing demand for treadmill ergometers. These ergometers provide data on the amount of exercise performed, calories burned, and heart rate. Their popularity has grown as they provide this information, which, in turn, could contribute to the expansion of the market.

Growing consumer awareness and technology advancements

As a result of the rise in health problems, such as obesity, cardiovascular disease, and PCOD, people are becoming more aware of their health and how physical activity can help them monitor it. Consumer awareness of the benefits of physical activity, combined with modern technology developments in fitness equipment, such as continuous monitoring of users' physical condition and the recent introduction of smart equipment, drives treadmill ergometer sales. The compact designs of treadmill equipment for in-home exercise and gyms' ongoing development to improve their visitor environments are some of the other factors that could support the growth of treadmill ergometer market during the forecast period.

Growing focus on wellness and fitness

Ergometers are primarily used for cardio exercise and managing obesity. During the forecast period, the use of treadmills in gyms, health clubs, and residential areas is expected to increase. The demand for physical activity to maintain health and wellness is another factor driving market expansion. Treadmills and other aerobic exercise equipment are made to encourage the expansion of the treadmill industry worldwide. For instance, the American Heart Association (AHA) reports that 43.2% of deaths in the U.S. in 2016 were attributable to cardiovascular disease, with coronary heart disease (CHD) ranking among the top causes of death in the country.

Challenge: Rising trends across a range of physical activities

In addition to the expanding trend for digital equipment, a variety of other physical activities are starting to gain popularity as more people become aware of their health and physical activity. As people look for ways to unplug from technology and increase their physical activity, yoga classes and other dance styles such as Zumba, and Aerobics, have grown in popularity. As a result, the market growth for treadmill ergometers may experience significant negative effects during the forecast period because of this change in consumer behavior.

Segmental Coverage

Global Treadmill Ergometer Market - By End User

Based on end user, global treadmill ergometer market is segmented into Home Consumers, Health Clubs/Gym, Hotel, Medical Centers, Hospitals. Health clubs and gyms now offer treadmill ergometer facilities because of growing consumer understanding of the importance of fitness. The expansion of the market is also anticipated to benefit from the rise in the number of commercial health facilities, such as gyms and sports and fitness clubs. Additionally, a sizable CAGR is anticipated for the home consumer sector throughout the forecast period. The use of treadmill ergometers will increase due to consumers' busy schedules and high work demands. During the period in analysis, each of these drivers will contribute to the growth of global treadmill ergometer market.

Impact of COVID-19 on Global Treadmill Ergometer Market

COVID-19 negatively impacted the global treadmill ergometer market. Lockdowns, travel bans, and company closures brought on by COVID-19 affect the economies and industries across countries. The production, delivery plans, and sales of goods on the global market have all suffered because of the closure of numerous plants and factories. Only a small number of companies have already issued warnings about delivery delays and future sales declines. The international travel bans implemented by countries have also affected the chances for business partnerships and collaborations.

Competitive Landscape

Leading players in global treadmill ergometer market include ICON Health & Fitness, Johnson Fitness & Wellness, BODYCRAFT, Life Fitness, Amer Sports, Cybex International, Inc., h/p/cosmos sports & medical GmbH, TECHNOGYM S.p.A., Enraf-Nonius, and ergoline GmbH. Global treadmill ergometer market is highly fragmented with the presence of several manufacturing companies. The market leaders retain their supremacy by spending on research and development, incorporating innovative technology into their goods, and releasing upgraded items for customers.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Treadmill Ergometer Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Treadmill Ergometer Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22459

1. Research Framework

1.1. Research Objective
1.2. Application Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Treadmill Ergometer Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.2. Restraints
- 3.2.3. Opportunities
- 3.2.4. Challenges
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Treadmill Ergometer Market Overview

4.1. Market Size & Forecast, by Value, 2018-2028
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Application
  - 4.2.1.1. Medical
  - 4.2.1.2. Sports
  - 4.2.1.3. Personal
- 4.2.2. By End User
  - 4.2.2.1. Home Consumers
  - 4.2.2.2. Health Clubs/Gym
  - 4.2.2.3. Hotel
  - 4.2.2.4. Medical Centers
  - 4.2.2.5. Hospitals
- 4.2.3. By Region
  - 4.2.3.1. North America
  - 4.2.3.2. Europe
  - 4.2.3.3. Asia Pacific
  - 4.2.3.4. Latin America
  - 4.2.3.5. Middle East and Africa

5. North America Treadmill Ergometer Market

5.1.1. Market Size & Forecast, by Value, 2018-2028
5.1.2. By Value (USD Million)

5.2. Market Share & Forecast
- 5.2.1. By Application
- 5.2.2. By End User
- 5.2.3. By Country
  - 5.2.3.1. US
  - 5.2.3.1.1. By Application
  - 5.2.3.1.2. By End User
  - 5.2.3.2. Canada
  - 5.2.3.2.1. By Application
  - 5.2.3.2.2. By End User

6. Europe Treadmill Ergometer Market

6.1. Market Size & Forecast, by Value, 2018-2028
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By End User
- 6.2.3. By Country
  - 6.2.3.1. Germany
  - 6.2.3.1.1. By Application
  - 6.2.3.1.2. By End User
  - 6.2.3.2. UK
  - 6.2.3.2.1. By Application
  - 6.2.3.2.2. By End User
  - 6.2.3.3. Italy
  - 6.2.3.3.1. By Application
  - 6.2.3.3.2. By End User
  - 6.2.3.4. France
  - 6.2.3.4.1. By Application
  - 6.2.3.4.2. By End User
  - 6.2.3.5. Spain
  - 6.2.3.5.1. By Application
  - 6.2.3.5.2. By End User
  - 6.2.3.6. The Netherlands
  - 6.2.3.6.1. By Application
  - 6.2.3.6.2. By End User
  - 6.2.3.7. Belgium
  - 6.2.3.7.1. By Application
  - 6.2.3.7.2. By End User
  - 6.2.3.8. NORDIC Countries
  - 6.2.3.8.1. By Application
  - 6.2.3.8.2. By End User
  - 6.2.3.9. Rest of Europe
  - 6.2.3.9.1. By Application
  - 6.2.3.9.2. By End User

7. Asia Pacific Treadmill Ergometer Market

7.1. Market Size & Forecast, by Value, 2018-2028
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By End User
- 7.2.3. By Country
  - 7.2.3.1. China
  - 7.2.3.1.1. By Application
  - 7.2.3.1.2. By End User
  - 7.2.3.2. India
  - 7.2.3.2.1. By Application
  - 7.2.3.2.2. By End User
  - 7.2.3.3. Japan
  - 7.2.3.3.1. By Application
  - 7.2.3.3.2. By End User
  - 7.2.3.4. South Korea
  - 7.2.3.4.1. By Application
  - 7.2.3.4.2. By End User
  - 7.2.3.5. Australia & New Zealand
  - 7.2.3.5.1. By Application
  - 7.2.3.5.2. By End User
  - 7.2.3.6. Indonesia
  - 7.2.3.6.1. By Application
  - 7.2.3.6.2. By End User
  - 7.2.3.7. Malaysia
  - 7.2.3.7.1. By Application
  - 7.2.3.7.2. By End User
  - 7.2.3.8. Singapore
  - 7.2.3.8.1. By Application
  - 7.2.3.8.2. By End User
  - 7.2.3.9. Philippines
  - 7.2.3.9.1. By Application
  - 7.2.3.9.2. By End User
  - 7.2.3.10. Vietnam
  - 7.2.3.10.1. By Application
  - 7.2.3.10.2. By End User
  - 7.2.3.11. Rest of Asia Pacific
  - 7.2.3.11.1. By Application
  - 7.2.3.11.2. By End User

8. Latin America Treadmill Ergometer Market

8.1. Market Size & Forecast, by Value, 2018-2028
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By End User
- 8.2.3. By Country
  - 8.2.3.1. Brazil
  - 8.2.3.1.1. By Application
  - 8.2.3.1.2. By End User
  - 8.2.3.2. Mexico
  - 8.2.3.2.1. By Application
  - 8.2.3.2.2. By End User
  - 8.2.3.3. Argentina
  - 8.2.3.3.1. By Application
  - 8.2.3.3.2. By End User
  - 8.2.3.4. Peru
  - 8.2.3.4.1. By Application
  - 8.2.3.4.2. By End User
  - 8.2.3.5. Colombia
  - 8.2.3.5.1. By Application
  - 8.2.3.5.2. By End User
  - 8.2.3.6. Rest of Latin America
  - 8.2.3.6.1. By Application
  - 8.2.3.6.2. By End User

9. Middle East & Africa Treadmill Ergometer Market

9.1. Market Size & Forecast, by Value, 2018-2028
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By End User
- 9.2.3. By Country
  - 9.2.3.1. Saudi Arabia
  - 9.2.3.1.1. By Application
  - 9.2.3.1.2. By End User
  - 9.2.3.2. UAE
  - 9.2.3.2.1. By Application
  - 9.2.3.2.2. By End User
  - 9.2.3.3. Qatar
  - 9.2.3.3.1. By Application
  - 9.2.3.3.2. By End User
  - 9.2.3.4. Kuwait
  - 9.2.3.4.1. By Application
  - 9.2.3.4.2. By End User
  - 9.2.3.5. Iran
  - 9.2.3.5.1. By Application
  - 9.2.3.5.2. By End User
  - 9.2.3.6. South Africa
  - 9.2.3.6.1. By Application
  - 9.2.3.6.2. By End User
  - 9.2.3.7. Nigeria
  - 9.2.3.7.1. By Application
  - 9.2.3.7.2. By End User
  - 9.2.3.8. Kenya
  - 9.2.3.8.1. By Application
  - 9.2.3.8.2. By End User
  - 9.2.3.9. Egypt
  - 9.2.3.9.1. By Application
  - 9.2.3.9.2. By End User
  - 9.2.3.10. Morocco
  - 9.2.3.10.1. By Application
  - 9.2.3.10.2. By End User
  - 9.2.3.11. Algeria
  - 9.2.3.11.1. By Application
  - 9.2.3.11.2. By End User
  - 9.2.3.12. Rest of Middle East & Africa
  - 9.2.3.12.1. By Application
  - 9.2.3.12.2. By End User

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global 5G Substrate Materials Company Market Share Analysis, 2021
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

11. Impact of Covid-19 on Global 5G Substrate Materials System Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)

12.1. ICON Health & Fitness
12.2. Johnson Fitness & Wellness
12.3. BODYCRAFT
12.4. Life Fitness
12.5. Amer Sports
12.6. Cybex International, Inc.
12.7. h/p/cosmos sports & medical GmbH
12.8. TECHNOGYM S.p.A.
12.9. Enraf-Nonius
12.10. ergoline GmbH
12.11. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations