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Global Treadmill Sales Market- Competitive Landscape & Forecasts 2025
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A treadmill is a device generally for walking or running while staying in the same place. The belt moves to the rear, requiring the user to walk or run at a speed matching that of the belt. The rate at which the belt moves is the rate of walking or running. Thus, the speed of running may be controlled and measured. The more expensive, heavy-duty versions are motor-driven (usually by an electric motor). The simpler, lighter, and less expensive versions passively resist the motion, moving only when walkers push the belt with their feet. The latter are known as manual treadmills.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Treadmill market to approach these areas. China would account for the highest production in 2016 with close to 40 percent of global production coming from this region. Asia is not only the biggest market for Treadmill equipment, but also has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
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Globally, the Treadmill industry market is low concentrated as the manufacturing technology of Treadmill is relatively matures than some high-tech equipment. And some enterprises, like ICON, BH Group, Life Fitness, Johnson, etc. are well-known for the wonderful performance of their Treadmill and related services. At the same time, China, occupied 40.43% production market share in 2016, is remarkable in the global Treadmill industry because of their low price of raw material and labor.
The consumption volume of Treadmill is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Treadmill industry may not keep that fast. But it is surely forecasted that the market of Treadmill is still promising.
The global Treadmill market is valued at 3500 million US$ in 2017 and will reach 4510 million US$ by the end of 2025, growing at a CAGR of 3.2% during 2018-2025.
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The major players covered in this report
ICON
BH Group
Life Fitness
Johnson
Sole
Nautilus
Technogym
Precor
Star Trac
Cybex
Dyaco
Yijian
True Fitness
Shuhua
Strength Master
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