Bizizz Market Research has recently published a research report, “Treadmill Ergometer Market by Application (Medical Centers and Fitness Clubs) by End-User (Residential and Commercial) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Treadmill Ergometer Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 4.3 Bn by 2027, witnessing a CAGR of 4.9 % during the forecast period. Key drivers of the market are advantages offered by these products, rising prevalence of sports and fitness activities, and popularity of electric gym equipment.
Treadmill Ergometers are gaining popularity among since last few years due to substantial features associated with these products. Treadmill Ergometers consumes 6% lesser energy than traditional ovens. Moreover, introduction of advanced products is expected to poise a positive impact on the market growth.
The Treadmill Ergometer Market Is Anticipated To Register A CAGR Of Over 4.9 % During The Forecast Period.
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By Application, The Fitness Club Segment Held A Prominent Share In Global Treadmill Ergometer Market In 2018
Based on application, the fitness club segment held prominent share in global market. The growth of the segment can be credited to rising adoption of sports and fitness activities as a part of daily routine. Moreover, introduction of advanced products is expected to create growth opportunities for the segment.
North America is Projected to Grow Rapidly Between 2019-2027
North America is projected to lead the global treadmill ergometer market by occupying significant share throughout the forecast period. The region held 42.5 % market share in 2018. The U.S. population is highly concerned regarding their fitness and physical appearance. Consumers are willingly spending ample amount in convenient fitness equipment which is anticipated to duel the growth of treadmill ergometers in North America. Moreover, presence of prominent players is expected to favor the regional growth in coming years. On the other hand, Asia Pacific is projected to witness rapid growth in coming years. The growth of the region can be attributed to rising regional fitness and wellness sector. Moreover, rising income per capita and emerging economies is expected to poise a positive impact on the regional growth.
Global Treadmill Ergometer market is highly fragmented with several local and global players. The manufacturers are focused on product innovation which will help them to increase their customer base in different regions.
Prominent players operating in the Global Treadmill Ergometer Market are: Toastmaster, The APW Wyott, Waring Commercial, Star Manufacturing International, and Hatco., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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