Treadmill market size to reach USD 5,932.0 million by 2030 at a CAGR of 5.1%

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BANGALORE from India, August 6, 2021 / PRNewswire / – Conveyor belt market is segmented by product type (manual and electronic), end use (residential, institutional and commercial), distribution channel (specialty store, franchise store, online store and others): global opportunity analysis and industry forecast, 2021-2030. This report is published on Evaluate reports under Aptitude Category.

The global treadmill market size was estimated to be $ 3,284.8 million in 2020 and should reach $ 5,932.0 million by 2030, registering a CAGR of 5.1%.

The major factors driving the growth in the size of the Treadmill market are:

  • Increased awareness of a healthy lifestyle coupled with a hectic city lifestyle and growing disposable income are expected to drive the treadmill market. People especially in the urban area prefer a treadmill inside their home for doing their daily walk.
  • Additionally, the recent COVID-19 outbreak has increased the sale of household treadmills as lockdowns were imposed in several countries and movement was restricted.
  • The treadmill industry is focused on treadmills with built-in automated technology. To compete in the industry, treadmill manufacturers are developing revolutionary new electronic treadmills with IoT (Internet of Things). This in turn is expected to contribute to the growth of the treadmill market.
  • The increase in the number of fitness clubs and gyms across the world is expected to further increase the size of the treadmill market.

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TRENDS AFFECTING THE GROWTH SIZE OF THE TREADMILL MARKET

  • The growing awareness of maintaining a healthy lifestyle is expected to drive the growth of the treadmill market. Regular aerobic exercise, such as a treadmill training program, improves blood circulation in the body and helps lower blood pressure by strengthening the heart. Aerobic exercise also helps protect against blood vessel disease and heart disease by lowering low density lipoproteins (bad cholesterol) and increasing levels of high density lipoproteins (good cholesterol). In addition, the recent COVID-19 outbreak has increased the sale of household treadmills as lockdowns were imposed in several countries and movement was restricted.
  • The demand for treadmills in the fitness industry is expected to increase as more traditional equipment is merged with IoT technologies to improve performance and convenience. To compete in the industry, treadmill manufacturers are developing the IoT (Internet of Things) infused with revolutionary new electronic treadmills and combining new functions. Such factors are contributing to the growth of the treadmill market in terms of sales value.

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ANALYSIS OF MARKET SHARES FOR TREADMILLS

On the basis of type, the electronic segment dominates the global treadmill market and is expected to maintain its dominance throughout the forecast period. This is due to the advanced features provided by electronic treadmills, such as the ability to track running pace, heart rate, and distance traveled.

Based on the applications, the commercial treadmill market holds the largest part of the global treadmill market and is expected to grow at the fastest rate throughout the treadmill market forecast period. This is due to an increase in the number of health clubs and gyms around the world.

On the basis of distribution, specialty store segment dominates the global treadmill market and is expected to maintain its dominance throughout the forecast period. Indeed, these stores offer excellent customer service, precise product specifications and expert advice. Additionally, shoppers want to see and assess things before making a purchase, which is driving retail sales of treadmills in specialty stores.

North America has dominated the treadmill market due to factors such as consumers in the region adopting a healthier lifestyle, which has led to an increase in the number of fitness enthusiasts, which is driving the demand for treadmills in the region .

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SEGMENTATION OF THE TREADMILL MARKET

By product type

By end use

  • Residential
  • Institutional
  • Commercial.

By distribution channel

  • Specialized store
  • Franchise store
  • Online Store
  • Others.

By region

  • North America
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
    • Rest of europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia and New Zealand
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Turkey
    • Rest of LAMEA

Key companies:

  • Technogym
  • Johnson Health Tech
  • Nautilus, Inc
  • True Fitness Technology, Inc
  • Impulse (Qingdao) Health Tech Co., Ltd
  • TrueForm
  • Woodway
  • Life Fitness Inc.
  • Landice, Inc.

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SIMILAR REPORTS

Fitness Equipment Market the height was evaluated at $ 11.5 billion in 2019, and is expected to reach $ 15.2 billion by 2027, registering a CAGR of 3.5% from 2020 to 2027.

Online / virtual fitness market the height was evaluated at $ 6,046 million in 2019 and should reach $ 59,231 million by 2027, with a CAGR of 33.1% from 2020 to 2027.

Aptitude Application market the size should go from $ 3,312.58 million in 2019 at $ 13,016.77 million by the end of 2025 at a compound annual growth rate (CAGR) of 25.61%.

United States Connected Gym Equipment Market size in 2019 amounted to 2.09325 billion USD and is estimated to hit 7.18071 billion USD by the end of 2026, at a CAGR of 20.17% in 2020-2026.

Home Fitness Equipment Market is segmented by Cardiovascular Training Equipment Type, Strength Training Equipment, Health Club / Gym Application, Home Consumer, Health User, and various regions.

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