Global Treadmill Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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May 2023
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This report was compiled by Vishwa Gaul Vishwa is an experienced market research and consulting professional with over 8 years of expertise in the ICT industry, contributing to over 700 reports across telecommunications, software, hardware, and digital solutions. Correspondence Team Lead- ICT Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Global Treadmill Market: Overview
"The Treadmill Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
The treadmill is a type of exercise or workout equipment having a large belt nearby and a set of wheels, on which one can run or walk by staying at the same place. Treadmills are among the good choice when beginning a new exercise routine for most individuals.
The treadmill can be used for jogging or for interval training. Advantages to using a treadmill are, that it is an easy piece of exercise equipment to use, all aspects of the workout can be controlled by the user such as incline, speed, cool-down period, energy spend, and warm-up period, running on a treadmill helps in burning calories faster than most other forms of in-home exercises, and many others.
The treadmill is generally used for physical exercises for improving physical stamina, developing muscular strength, and managing weight loss or gain programs.
Global Treadmill Market: Dynamics
Increasing incidences and prevalence of chronic diseases such as obesity, diabetes, and many other diseases is a major factor expected to upsurge the revenue growth of the target market over the next 10 years. In addition, increasing awareness regarding health & fitness, improving lifestyle, and rising disposable income level of the population, are some of the other factors expected to drive revenue growth of the global treadmill market.
Furthermore, increasing government initiatives in several developed countries coupled with the establishment of several healthcare programs, and an increasing number of fitness centers, gyms, and health clubs are another factor expected to boost demand for the treadmill worldwide. However, the high cost associated with these products is a major factor that could hamper the growth of the target market to a certain extent.
Global Treadmill Market: Segment Analysis
Among the type segments, hybrid is expected to register a high market share in terms of revenue. This is due to, minimized impact on knees and joints which makes it a better option for older people users. Among the application segments, the commercial is expected to witness highest market revenue share in terms of revenue over the forecast period.
Global Treadmill Market: Regional Analysis
In 2019, the markets in North America are estimated to account major revenue share in the target market over the forecast period. This is primarily due to, the increasing number of obese people population.
According to World Health Organization, obesity rates in The US are the highest in the world and Two of every three Americans are considered to be obese or overweight. In addition, an increasing number of health clubs and memberships in the range of nearly 38,000 – 45,000 is expected to support the growth of the target market in this region.
The market in the Asia Pacific is estimated to account for the fastest CAGR over the forthcoming years. This is primarily to, increasing standard of living, and rising awareness regarding fitness among individuals are some of the factors expected to drive the revenue growth of the Asia pacific treadmill market over the forecast period.
Global Treadmill Market Segmentation:
Segmentation by type:
- Manual
- Motorized
- Hybrids
Segmentation by application:
- Residential
- Commercial
Segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Core Health & Fitness, LLC
- LLC, Icon Health & Fitness, Inc.
- Sole Fitness
- Cybex International, Inc.
- Woodway USA, Inc.
- Precor Incorporated
- Brunswick Corporation
- Landice, Inc.
- Johnson Health Tech
- SCIFIT
- Cybex International, Inc.
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