Treadmill Ergometer Market Size, Share & Trends Analysis Report By Application (Sports & Fitness Clubs, Medical Centers), By End Use (Commercial, Residential), By Region, And Segment Forecasts, 2024 - 2030

Treadmill Ergometer Market Size & Trends

The global treadmill ergometer market size was valued at USD 3.31 billion in 2023 and is projected to grow at a CAGR of 8.1% from 2024 to 2030. Rising popularity of electric gym equipment pertaining to increased adoption of sports and fitness activities is anticipated to drive the growth. Increasing demand for real-time tracking of fitness and athletic performance for evaluating health metrics is expected to further fuel the product demand as this equipment provides personalized feedback. In addition, rising incidence of cardiovascular diseases among the younger population has resulted in increased adoption of cardio exercise, which is expected to boost the demand for treadmill ergometers in near future.

Rising demand for traditional equipment integrated with power driven technology to boost performance and convenience is anticipated to positively fuel the demand for treadmill ergometers in the fitness industry. Increasing adoption of wellness and fitness as the way of life is projected to contribute to the demand for smart equipment and wearables. These products help effectively measure the ground reaction forces through numerous successive steps and showcase performance growth of each individual. In addition, increasing innovation and product development is expected to further fuel market growth. For instance, stair-treadmills are increasingly being adopted for their cardiovascular benefits. It is also used as a common training procedure in physiotherapy as well as sports science.

Treadmill comprises the most common ergometer in the pediatric exercise equipment owing to the familiarity of children with walking and running. Therefore, it is one of the most popular equipment for home exercise for an efficient aerobic workout. Moreover, increasing adoption of smart equipment in gyms and sports clubs is projected to drive the demand for integrated technology in fitness equipment. Introduction of connected gym or smart gym equipment that allows users to connect to the internet, while storing and collecting data on centralized servers is projected to bode well for the growth of the market. These connected treadmills comprise numerous functions and programs to gather personalized information of an individual to monitor their progress through regular cardio tests.

Application Insights

Sports & fitness clubs dominated the market with 34.5% of revenue share in 2023. The increasing emphasis on physical fitness and wellness has led to a surge in gym memberships globally.

Medical centers are anticipated to witness a significant CAGR of 7.7% over the forecast period. This is due to the increasing prevalence of chronic diseases like obesity, diabetes, and cardiovascular conditions. Treadmill ergometers are crucial tools for diagnosing and managing these conditions, as they provide data on cardiac function, exercise capacity, and metabolic response. The increasing focus on preventive healthcare and early disease detection is also contributing to the growth of treadmill ergometers in medical centers.

End Use Insights

The commercial segment dominated the market having 86.6% share in 2023. This is due to increasing number of health clubs, gyms, and rehabilitation centers. Moreover, rise in construction of these commercial spaces is likely to positively affect the demand for treadmill ergometers in near future.

The residential segment is projected to grow at a CAGR of 6.3% over the forecast period due to consumer interest in home fitness equipment. The COVID-19 pandemic accelerated this trend, with people seeking home-based workout solutions. Increasing adoption of treadmill ergometers due to high work pressure and hectic lifestyle of consumers is expected to drive the segment growth. Rising prevalence of CHD is expected to encourage consumers to adopt regular exercises for cardio training. However, hectic work schedules and busy lifestyles do not allow them to invest ample time in fitness clubs or gyms. Thus, the residential category is projected to witness substantial growth in the forthcoming years.

Regional Insights

North America treadmill ergometer market held a share of 39.5% in 2023. This is due to the well-established fitness culture, with a high percentage of the population involved in regular physical activity.

U.S. Treadmill Ergometer Market Trends

The U.S. treadmill ergometer market dominated the North America market in 2023 due to the strong culture of fitness and exercise, with many individuals looking for convenient ways to incorporate physical activity into their daily routines.

Europe Treadmill Ergometer Market Trends

Europe treadmill ergometer market was identified as a lucrative region in 2023 due to rising awareness among the people regarding the importance of maintaining a healthy lifestyle and incorporating regular physical activity into their daily routines. This increased focus on health and fitness has led to a growing demand for home exercise equipment, including treadmill ergometers, as individuals seek convenient ways to stay active.

Asia Pacific Treadmill Ergometer Market Trends

Asia Pacific region is anticipated to witness significant growth in the global treadmill ergometer market. Rapid rise of the regional health and wellness industry is expected to broaden the scope for the number of new fitness clubs and medical rehabilitation centers. This factor is expected to create demand for treadmill ergometer in near future. Rise in disposable income coupled with consumer willingness to invest in health and fitness equipment is projected to further fuel the regional growth. 

The treadmill ergometer market in India held a substantial market share due to the rising focus on preventive healthcare, leading people to prioritize fitness and invest in home exercise equipment.

Key Treadmill Ergometer Company Insights

Some of the key companies in the treadmill ergometer market include BODYCRAFT, ergoline GmbH, h/p/cosmos sports & medical gmbh, Life Fitness and Enraf-Nonius. Organizations are focusing on increasing customer base to gain a competitive edge in the industry.

• BODYCRAFT specializes in designing and manufacturing high-quality strength training and cardio equipment for both residential and commercial use

• Ergoline GmbH specializes in the development and production of high-quality medical devices, particularly focusing on ergometers for various applications.

Treadmill Ergometer Market Report Scope

Global Treadmill Ergometer Market Report Segmentation

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 2018 to 2030. For this study, Grand View Research has segmented the treadmill ergometer market report based on product, end use, and region.

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Sports & Fitness Clubs

  • Medical Centers

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Commercial

  • Residential

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • MEA

    • South Africa

    • Egypt