According to the report titled ‘Global Treadmill Ergometer Market Size study, by Application (Fitness Clubs, Medical Centers) by End Use (Commercial, Residential) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global treadmill ergometer market was evaluated at USD 2.90 billion in 2020 and is expected to grow at a healthy pace at 5.2% CAGR, thus reaching USD 4.14 billion during the forecast period 2021-2027.
 

Burgeoning demand for electric exercise equipment, as well as increasing incidence of cardiovascular and cardiac diseases among the population are driving the global treadmill ergometer market forward. Also, improved cognizance about cardiac fitness in the younger generation is boosting the equipment demand.
 

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In addition, rising technological improvements, greater work-life strain, and rising adoption across the fitness and healthcare industries are expected to boost market growth throughout the projected timeframe.
 

Despite the positive outlook, over the projection period of 2021-2027, increased rivalry between existing and new sectors, as well as rising demand for natural fitness activities such as Zumba, aerobics, and yoga are likely to stifle the market growth.
 

Based on application, worldwide treadmill ergometer market is classified into medical centers, and fitness clubs. As for end-user scope, the market is categorized into residential, and commercial segments. Insights pertaining to the industry share held, revenue contribution, and growth rate over study period for each segment is given in the report.
 

As per regional terrain, North America held a substantial market share in the past year, because of greater awareness about the importance of leading a healthy life. Asia Pacific market, on the other hand, is likely to develop at a rapid rate between 2021 and 2027. Factors such as a rise in the number of well-established health institutes will positively sway the industry dynamics.
 

Speaking of the competitive landscape, top tier players in global treadmill ergometer industry are Enraf-Nonius, Cybex International Inc., h/p/cosmos sports & medical GmbH, BodyCraft, Ergoline GmbH, Amer Sports Oyji, Life Fitness, Johnson Fitness & Wellness, Technogym S.p.A., and ICON Health & Fitness among others.