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Treadmill Market Revenue, Worth, Segmentation, Share, Size, Research Report | Valuates Reports
The global treadmill market size was valued at USD 3,284.8 Million in 2020, and is projected to reach USD 5,932.0 Million by 2030, registering a CAGR of 5.1%. Key drivers of the treadmill market include rising awareness regarding fitness and health. The huge growth in global obesity rates and government initiatives to promote healthier lifestyles will drive the growth of the treadmill market during the forecast period. The increasing youth population, rising income levels, and attractive lifestyle needs will fuel the market demand in the upcoming years.
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Trends Influencing the Growth of Treadmill Market
Surging awareness
The gym and fitness industry is booming rapidly. People are joining health and fitness facilities to counter the side effects of their hectic urban schedules. Due to sedentary lifestyles and lack of adequate time people are investing in home-based pieces of equipment to improve their cardiovascular and general fitness levels. Treadmills reduce impact and prevent knee pain, back pain, and ankle injuries. It improves mental health, motivation, and heart health. Moreover, you are in control and can chip in regular exercise whenever you want at any time of the day. These factors will spur the growth of the treadmill market during the forecast period.
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Treadmill Market Share
Based on product type, the electronic segment is expected to dominate the treadmill market share with a CAGR of 5.6% due to advanced features enabling the capacity to monitor heart rate, distance covered, and other measurements.
Based on end-user, the commercial segment will grow the highest in the treadmill market share at a CAGR of 6.1% due to widespread penetration of gyms and health clubs all over the globe.
Based on the distribution channel, the specialty segment will provide huge opportunities for growth in the treadmill market share with a CAGR of 4.1% as these stores provide customized services to consumers. On the other hand, the online store segment will grow the fastest owing to easy availability, time-saving, and quick home delivery facilities.
Based on region, North America is most likely to maintain the lead in the treadmill market share due to rising adoption amongst the larger population and huge level of fitness freaks.
Treadmill Market by Product Type (Manual and Electronic), End Use (Residential, Institutional, and Commercial), Distribution Channel (Specialty Store, Franchise Store, Online Store, and Others)
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Similar Reports:
1. Home Fitness Equipment Market: https://reports.valuates.com/market-reports/QYRE-Othe-1C291/home-fitness-equipment
2. Foldable Treadmill Market: https://reports.valuates.com/market-reports/QYRE-Othe-4O432/foldable-treadmill
3. Veterinary Treadmill Market: https://reports.valuates.com/market-reports/QYRE-Auto-13S3825/global-veterinary-treadmills
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