Treadmill Ergometer Market Analysis Report By Application, By End User, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global treadmill ergometer market size was accounted for USD 2.62 billion, in the year 2018. It is estimated to grow at a CAGR of 5.2% over the forecast period, 2019 to 2025. The market growth is attributed to the growing adoption of fitness and sports activities resulting in the rise in the application of electronic gym equipment. The demand for machines providing personalized feedback on athletic and fitness performance with real-time tracking is on the rise. Also, the increasing prevalence of cardiovascular diseases among youngsters has encouraged them to start cardio workouts, which is anticipated to proliferate the demand for the product over the forecast period.

Traditional equipment with power-driven technology is easy to use and helps in enhancing performance. This, in turn, has positively attributed to the growth of treadmill ergometers. Further, increasing awareness about fit and healthy lifestyles is driving consumers to adapt to various fitness and wellness activities. This has resulted in increasing demand for smart equipment capable of tracking fitness performance and provide real-time performance feedback of the individual user. Also, continuous product development and innovation by leading players is predicted to further boost the growth of the market. For example, stair treadmills are becoming popular due to their growing application in training of physiotherapy and sports sciences apart from their various cardio and strength benefits.

Consumers are more inclined toward fitness and wellness activities due to the growing prevalence of many diseases. Increasing occurrences of cardiovascular diseases especially in youngsters are projected to boost the sales of cardio equipment. As per the release of the American Heart Association (AHA), Coronary Heart Diseases (CHD) were the major cause of death accounting for 43.2% in the U.S. in 2016. Further, the region also witnessed 16.9% of cases of heart strokes and 9.3% of cases of heart failure in 2016.

The treadmill has wide applications in pediatric exercises convenient to children for running and walking. It is becoming widely used equipment during an aerobic workout. Furthermore, the establishment of smart gyms using smart equipment is projected to augment the demand for smart gym equipment. This equipment allows users to connect to the internet, collects data on individuals’ workouts to monitor their growth via continuous cardio tests. For example, iF offers an internet connection on a treadmill consisting of various workouts that users can choose according to their convenience with features such as meal plans and fitness support.

End-User Insights

The commercial segment led the treadmill ergometers market occupying over 85% share in 2018. Treadmill ergometers are widely used across various commercial places such as gyms, offices, medical centers, and fitness clubs. Additionally, the growing construction of a large number of commercial spaces is predicted to fuel the product demand in the upcoming years. As per the data of the International Health, Racquet & Sports club Association (IHRSA), nearly 20% of youngsters have membership in gym and fitness clubs in the U.S. in 2018. Also, a report released by the United Health Foundation has reported at least 30% of adults in the U.S. were victims of obesity and cardiovascular diseases in 2018. The growing adoption of fitness activities is projected to supplement the growth of fitness and sports centers over the forecast period.  

The residential segment is expected to grow at a CAGR of 3.6% over the forecast period. The growing working-class population and hectic schedules are driving consumers to opt for treadmills. Further, the growing concern for CHD and other diseases is projected to encourage customers to start cardio exercises. However, long working hours prevent customers to go to fitness clubs. This factor is encouraging manufacturers to launch new and innovative products that are user-friendly. For example, BODYCRAFT launched the TD250 Treadmill machine having foldable features in 2019.

Application Insights

Fitness club led the treadmill ergometer market occupying over 82% of the market share in 2018. The segment growth is attributed to the growing penetration of sports and fitness activities among consumers to lead a healthy life. Manufacturers are concentrating on continuous product innovation with various new features to acquire significant market share. For example, a company named Sports Art introduced a sustainable treadmill named Verde G690. This eco-friendly treadmill uses manpower from various activities such as running, walking, and jogging to produce 200 watt-hours of electricity.

The medical center segment is projected to ascend with a CAGR of 5.0% over the forecast period. Medical centers and hospitals are the leading consumers of treadmills owing to the growing prevalence of cardiovascular diseases and various heart ailments. Medical centers are focusing on including more treadmills to promote cardio training among the beneficiaries. Leading players are also concentrating on introducing advanced products equipped with the latest technology. For example, True Form Runner partnered with NABOSO TECHNOLOGY to introduce Noboso TrueForm Runner for performance and rehabilitation. This product is non-motorized and capable of optimizing neuro and foot activation while running or walking.

Regional Insights

In 2018, North America held the largest market share of around 41.0%. The region has a high customer preference for a healthy and fit lifestyle along with the presence of many leading brands. This has led to a rise in spending by customers on fitness equipment. Key players are selling treadmills through both offline and online distribution channels. The U.S. led the market with a large number of customers ready to invest in fineness and healthy activities.

The Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth of medical rehabilitation and fitness clubs is attributed to the development of the wellness industry. This factor is predicted to proliferate the sales of treadmills. The growing per capita income and customer inclination towards the purchase of fitness equipment is expected to further supplement the growth of the regional market over the forecast duration.

Treadmill Ergometer Market Share Insights

Leading players in this industry include Cybex International, Inc.; Amer Sports; ergoline GmbH; h/p/cosmos sports & medical GmbH; TECHNOGYM S.p.A; BODYCRAFT; Johnson Fitness & Wellness; Enraf-Nonius; ICON Health & Fitness; and Life Fitness. To gain a competitive advantage, the players focus on continuous product advancement. For example, Xiaomi Corporation introduced foldable treadmills named Walking Pad, which is small in size convenient for residential homes.

Report Scope

Segments Covered in the Report 

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global treadmill ergometer market report based on application, end-user, and region:

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Fitness Clubs
    • Medical Centers

• End User Outlook (Revenue, USD Million, 2015 - 2025)
    • Commercial
    • Residential

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa