Global Treadmill Ergometer Market Size, Share, Growth Analysis, By Application(Home consumers, health clubs / gym), By Type(Sports, medical type), By End-user(Commercial, Residential) - Industry Forecast 2023-2030

Treadmill Ergometer Market size was valued at USD 7150.4 million in 2021 and is poised to grow from USD 7519.62 million in 2022 to USD 10190 million by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

The cardiorespiratory response, arteriovenous oxygen difference, and lactate levels are measured using treadmill ergometry. Whatever the case, an ergometer is a piece of apparatus used to gauge physical activity. Additionally, they offer details on the distance covered, calories ingested, and heart rate throughout the activity. Thus, a treadmill ergometer consists of a treadmill and a device that measures the amount of exercise performed on the treadmill. The use of cardio activities has increased due to the rising prevalence of cardiovascular ailments in the younger population, which is anticipated to raise demand for Treadmill Ergometers in the near future. For instance, staircase treadmills are gaining popularity because of their cardiovascular advantages. Additionally, treadmill ergometers are now a required component of physiotherapy training.

Demand for fitness equipment with integrated technology is anticipated to increase as smart equipment becomes more common in gyms and sports clubs. It is anticipated that market growth would be boosted by the advent of linked or "smart" gym equipment, which enables users to connect to the internet while storing and gathering data on centralised servers. These connected treadmills offer a number of features and programmes that gather individualised data about a person in order to monitor their development via routine cardiac exams. For instance, iFit provides a treadmill that can be connected to the internet and has customisable workout programmes as well as other features like stat tracking, diet programmes, and other fitness support.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Treadmill Ergometer Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

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.

Driver

Consumer Awareness and Technological Advancement

People are becoming more aware of their health and how physical activity may help them monitor it due to the rise in health issues including obesity, cardiovascular disease, and PCOD, among others. An important factor propelling the Treadmill Ergometer market is the awareness of physical activities in accordance with the most recent technological developments in fitness equipment, such as the ongoing monitoring of users' body conditions and the introduction of smart equipment recently. Other factors that need to be taken into account again are the compact designs of treadmill equipment for use at home and gyms' ongoing efforts to enhance the visitor experience.

Restraint

The demand for digital equipment is increasing, but so are various other forms of physical activity as people become more conscious of their health and physical activity. In recent years, many dance styles, including Zumba, Aerobics, and others, as well as yoga sessions, have become more and more well-liked. People are drawn to these styles in order to disconnect from technological devices and engage in natural activities. Because of this change in consumer behaviour, the market for treadmill ergometers may not expand as quickly as anticipated.

Market Trends

Industry growth has been accelerated by the advent of smart treadmills that can connect to the Internet and gather and store data for analysis. Staircase treadmills are gaining popularity due to their cardiovascular benefits. Additionally, treadmill ergometers are now a common component of physiotherapy training. The rising use of electric gym equipment is the main driver fueling market expansion. The introduction of smart treadmills, which offer internet connectivity and gather and store data for analysis, resulted in a positive market expansion. The market is expanding as a result of product manufacturers' active social media promotion campaigns to reach a wider client base and spread awareness of the advantages of fitness tech goods.