The global treadmill ergometer market size was valued at USD 3.14 billion in 2021, and is projected to reach USD 4.98 billion by 2030, registering a CAGR of 5.25% from 2022 to 2030. A treadmill is a piece of fitness equipment that enables the user to engage in physical activities such as walking and running while remaining stationary. On the other hand, an ergometer is a gadget that monitors muscle effort or maintains track of the quantity of exercise performed. In addition, they provide data regarding the distance traveled, calories expended, and heart rate during the workout. Therefore, a treadmill is equipped with an ergometer that monitors the exercise performed on the treadmill. In recent years, real-time monitoring of fitness exercises and their outcomes has become increasingly popular. The market for treadmill ergometers has shown phenomenal growth as many individuals worldwide go to gyms and wellness centers to maintain their physical health and activities. The market leaders are attempting to solidify their position by releasing high-tech items and forming partnerships with local and well-known fitness companies. The global treadmill ergometer market is anticipated to have a meteoric rise over the forecast period.
Shortly, demand for treadmill ergometers is anticipated to increase due to the rising prevalence of cardiovascular diseases among the younger population, which has led to a rise in the popularity of cardio activities. For example, stair treadmills are gaining popularity due to their cardiovascular benefits. In addition, the treadmill ergometer has become an integral part of the standard training protocol in physiotherapy. The treadmill ergometer is becoming increasingly popular for home workouts. The introduction of Internet-enabled smart treadmills that gather and store data for analysis has positively impacted the market's expansion.
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The increasing popularity of electric fitness equipment
Numerous microeconomic and macroeconomic aspects contribute to the expansion of the worldwide treadmill ergometer market. The increased popularity of electric gym equipment has been one of the most important reasons driving market expansion. People are increasingly concerned with their health and fitness and desire precise physical activity records. As treadmills are among the most popular fitness equipment, this has generated substantial demand for treadmill ergometers. During exercise, these ergometers report the distance traveled, calories expended, and heart rate. Such accurate information has helped expand their popularity and consequently allowed the overall industry expansion. In addition, increasing public awareness of the benefits of physical fitness is anticipated to be a significant development driver for the treadmill ergometer market. People are increasingly monitoring their cardiac problems in real-time and joining gyms as the incidence of cardiovascular diseases continues to increase. This has contributed to the growth of the treadmill ergometer market.
Increase in heart disease prevalence
It is predicted that an increase in the prevalence of cardiovascular diseases and a rise in the number of health-conscious people will drive the need for performing regular exercises. This need is expected to fuel the demand for treadmills during the forecast period, ultimately boosting the market's growth. For instance, stair treadmills are gaining popularity because of their many advantages. In addition, treadmill ergometers are finding many applications in athletic competition. In addition, the introduction of smart treadmills that offer an Internet connection and gather and store data for analysis has had a constructive effect on the expansion of the market for ergometers.
They can be expensive
They can be pretty pricey, with some versions costing more than 2000 dollars.
Even though the treadmill has a cushioned surface, it may cause the back to experience an excessive amount of jarring impact or stress on the hip, knee, and ankle joints. It is essential to test both the surface and the rebound. They can occupy a significant amount of area. Treadmills, like most other pieces of equipment that contain electronic programming and motors, typically require the services of a professional for maintenance. Some treadmills feature particularly noisy engines, making it difficult to engage in other activities near the apparatus. Because treadmills only allow for a restricted range of motion, from walking to running, several individuals find that using them becomes tedious after a time.
Escalating the need for conventional equipment using power-driven technology
Improved adoption of sports and fitness exercises is predicted to enhance demand for electric gym equipment, driving the industry's expansion. As this equipment provides tailored feedback, the increasing desire for real-time fitness and sports performance tracking for analyzing health parameters will likely boost product demand further. In addition, the rising plurality of cardiovascular diseases in the younger population has led to a rise in the popularity of cardio exercise, which is anticipated to raise demand for treadmill ergometers shortly. In the fitness industry, the need for treadmill ergometers is predicted to be bolstered by the rising demand for traditional equipment merged with power-driven technology to improve performance and convenience. The market for smart equipment and wearables is anticipated to be influenced by the increasing prevalence of wellness and fitness as a lifestyle choice. These items aid in accurately measuring ground reaction forces over a series of steps and illustrate the performance progression of each person. Increasing innovation and product development are also anticipated to contribute to market expansion. For example, stair treadmills are gaining popularity due to their cardiovascular benefits. Physiotherapy and sports science also employ it as a popular training technique.
In 2021, fitness clubs held more than 84% market share. Increasing fitness and sports into regular physical activity is anticipated to propel the segment's growth. The market for treadmill ergometers is projected to be driven by consumers' growing choice of sports and fitness training clubs. To attract a more significant number of consumers, manufacturers prioritize technical innovation. For example, SportsArt introduced the first environmentally friendly fitness equipment, Verde G690. This eco-treadmill can generate 200 watt-hours of utility-grade electricity by harvesting energy from walking, jogging, and running. From 2022 to 2030, the medical center market is projected to grow at a robust CAGR of 5.5%. The rising incidence of cardiovascular diseases, high blood pressure, and other heart disorders is anticipated to motivate hospitals and medical facilities to incorporate cardio exercise for patients with these conditions. The treadmill is the most critical piece of cardio training equipment, and medical centers are likely to experience a considerable increase in demand. In response to the growing popularity of pediatric exercise, manufacturers prioritize introducing new features and innovative technology in creating new products. In conjunction with NABOSO TECHNOLOGY, TrueForm Runner introduced the Naboso TrueForm Runner non-motorized treadmill for rehabilitation and performance. Textured material with Naboso Technology helps enhance foot and brain activity when walking and running.
In 2021, the commercial category held more than 85% of the market. It is anticipated that the widespread use of treadmill ergometers in commercial structures such as sports clubs, fitness clubs, gyms, offices, and medical facilities, among others, will support the industry's expansion. In addition, the increase in the building of these commercial spaces is projected to influence treadmill ergometer demand positively. as per the International Health, Racquet & Sportsclub Association (I.H.R.S.A.), twenty percent of American adults were fitness club members. According to the United Health Foundation's annual study, more than thirty percent of Americans are obese. The demand for commercial health venues, such as gyms and sports and fitness facilities, is anticipated to be pushed by increasing awareness of the value of fitness. The residential segment is expected to grow at a CAGR of 3.87% between 2022 and 2030. The increasing popularity of treadmill ergometers due to consumers' high work pressure and hectic lifestyles is anticipated to fuel the segment's expansion. The rising prevalence of coronary heart disease (CHD) will stimulate consumers to engage in regular cardio activities. However, their tight job schedules and stressful lifestyles prevent them from devoting sufficient time to exercise clubs and gyms. Thus, the residential sector is anticipated to experience a significant increase in the following years. Additionally, manufacturers add new products to the market for the consumers' convenience. For instance, BODYCRAFT has launched the TD250 Treadmill, which has a foldable design and can be turned into a tread desk.
In 2021, North America was the most important market, accounting for around 43% of the total worldwide share. It is anticipated that the existence of mass brands in the region would lead to increased product penetration, which will, in turn, augur well for the regional demand for treadmill ergometers through both online and offline distribution channels. Consumers in this region have the strongest tendency toward leading active and healthy lifestyles; as a result, they are progressively investing in fitness equipment that is both easy and effective. It is anticipated that the availability of a diverse range of devices to measure one's level of physical activity will boost the expansion of the regional market. The United States holds a dominant position in the global market due to the great willingness of American consumers to spend money on health and fitness rehabilitation.
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Because of the dramatic increase in the number of people participating in fitness activities over the prediction period, Asia Pacific is anticipated to record the highest CAGR. It is expected that the swift growth of the area health and wellness business would increase the potential for an increased number of new fitness clubs and medical rehabilitation centers. Because of this feature, it is anticipated that demand for treadmill ergometers will improve shortly. It is expected that an increase in consumers' disposable income and their desire to invest in health and fitness equipment will further fuel the regional market's growth.