Treadmill Market

The global treadmill market size was valued at $3,284.8 million in 2020, and is projected to reach $5,932.0 million by 2030, registering a CAGR of 5.1%. 

A treadmill is a type of fitness equipment, which is used for running or walking purpose to maintain fitness. It offers a moving platform along with a wide conveyor belt, which is driven by a flywheel or electric wheel. The rate at which the belt moves is the rate of running or walking, which also helps in controlling speed and measuring it. There are two types of treadmills available in the market, namely, manual treadmill and electronic treadmill. Moreover, according to the Sports & Fitness Industry Association, treadmills is the largest selling exercise equipment category being well ahead of others. Owing to which the treadmill industry counts for hundreds of manufacturers globally.

The treadmill industry is focusing toward treadmillembedded with automated technology. Thus, treadmillmanufacturers are launching IoT (Internet of Things) infused with new innovative electronic treadmill and are incorporating new features to remain competitive in the market. Thus, such factors contribute in growth of the treadmill market, in terms of value sales.

Covid-19 Impact Analysis

The outbreak of the COVID-19 pandemic has shown a positive impact on the market. 
During the COVID-19 outbreak, consumers have become more concerned to maintain their health and fitness. This, in turn, has increased demand for treadmill to be used at home, which positively impacted the market growth, globally during the global health crisis.

The global treadmill market segments are categorized into product type, end use, distribution channel, and region. By product type, it is classified into manual and electronic. By end use, it is divided into residential, institutional, andcommercial. On the basis of distribution channel, the market is segregated intospecialty store, franchise store, online store, and others. Region wise, themarket is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey and Rest of LAMEA).

By product type, the electronic segment accounted for the highest treadmill market share in 2020 and is expected to be the fastest growing segment during the forecast period. This is attributable to advance features offered by electronic treadmill to users such as tracking running speed, heart rate, and distance covered.

By end use, the market is divided into residential, institutional, and commercial. In 2020, the commercialsegment accounted for the highest treadmill market share in the global treadmillmarket and is also expected to be the fastest growing segment during the treadmill market forecast period.This is attributed to rise in number of health clubs and gyms across the globe.

By distribution channel, the market is divided into specialty store, franchise store, online store, and others. In 2020, the specialty store segmentaccounted for the highest market share in the global treadmillmarket.This is attributed the fact thatthese stores provide high-quality service and detailed product specification & expert guidance to customers. In addition,consumers usually prefer to analyze and evaluate products before purchase, thereby boosting retail sales of treadmill through specialty stores. However online store is expected to be the fastest growing segment during the forecast period in terms of value sales. This is attributable to the fact that online platforms or e-commerce are becoming a popular medium for the purchase of fitness equipment, electronic devices, and others among the customers. This is due to easy availability of treadmill and the benefits provided by it such as the information about the health benefits offered by the product & directions to use, time-saving feature, and the facility of home delivery to the customers.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest market share in 2020. The North America treadmill market dominated the use of treadmill, owing to factors that consumer in the region are increasingly adopting healthy lifestyle, which is leading to increasing number of fitness freaks, which, in turn,drives demand for treadmills in this region. 

Key players operating in the global treadmill market focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide. Some of the major players in the global industry analyzed in this report includeIcon Health & Fitness, Technogym, Johnson Health Tech, Nautilus, Inc., True Fitness Technology, Inc., Impulse (Qingdao) Health Tech Co., Ltd.,TrueForm, Woodway, Life Fitness Inc.,and Landice, Inc.

Key Benefits for Stakeholders: 

• This report provides a quantitative analysis of the current treadmill market trends, estimations, and dynamics of the global treadmill market for the period of 2020–2030 to identify the prevailing market opportunities.
• The key countries in four majorregions have been mapped based on their market share.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region have been mapped according to their revenue contribution to the global industry. 
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
• The report includes both regional as well as global the treadmill market analysis, key players, market segments, application areas, and treadmill market growth strategies.

Key Market Segments

By Product type

• Manual
• Electronic

By End Use

• Residential
• Institutional
• Commercial

By Distribution Channel

• Specialty Store
• Franchise Store
• Online store
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• 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