Treadmill Market Size, Share, Value, Trends, Analysis & Forecast, 2032

The treadmill market size was valued at USD 5.47 billion in 2023 and is expected to be worth USD 5.75 billion in 2024. The market is projected to reach USD 9.08 billion by 2032, recording a CAGR of 5.88% during the forecast period.

A treadmill refers to a stationary exercise machine that helps users participate in various cardiovascular workouts, such as running and walking. It consists of a moving platform that has a wide conveyor belt that is powered by a flywheel or an electric motor. Increasing number of people participating in physical activity is one of the key factors bolstering the product's demand.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/treadmill-market-110438

▶ 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:
▶ Peloton Interactive Inc. (U.S.)
▶ NordicTrack (U.S.)
▶ LifeSpan Europe (Netherlands)
▶ BowFlex (U.S.)
▶ SHUA (China)
▶ Horizon Fitness (U.S.)
▶ WNQ (China)
▶ ProForm (U.S.)
▶ True Fitness (U.S.)
▶ Life Fitness (U.S.)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
Electric Treadmills Gained Major Traction Owing to Their Innovative Features
Based on type, the market is segmented into electric treadmill and manual treadmill. The electric treadmill segment held a major market share in 2023 as this exercise machine consists of various innovative features, such as a USB charging port, Wi-Fi & Bluetooth connectivity, and automatic incline and decline. These features can attract tech-savvy fitness enthusiasts.

Residential Segment Dominated Market Due to Rising Popularity of At-Home Workouts

Based on end-user, the market is divided into commercial and residential. The residential segment dominated the global treadmill market share in 2023 as more people are opting for home workouts due to the growing health awareness among homeowners.

Availability of Wide Range of Products Boosted Offline Store Segment Growth

Based on distribution channel, the market is divided into offline stores and online stores/e-commerce distribution channels. The offline stores segment dominated the global market in 2023 as these stores have a wide range of products, helping customers have several options to choose from.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/treadmill-market-110438

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading distribution channels, end users, types, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
Increasing Launch of Cutting-Edge Products to Boost Market Expansion
An increasing number of leading market players are launching treadmills with innovative features, such as customized workout programs, heart rate monitoring, and interactive touchscreens. Launching these products can attract customers who want cutting-edge features in their fitness equipment to help them track their progress easily. This factor will positively impact the treadmill market growth.

However, rising risk of injuries due to certain mechanical faults can hamper the product demand.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
North America Dominated Market Due to Rising Sales of Treadmills

North America dominated the global market share as the region is witnessing a strong growth in the sales of treadmills due to increasing health awareness among the population. Moreover, the governments are launching various health & fitness initiatives to encourage the people to adopt physical activities to improve their wellbeing.

Asia Pacific is also anticipated to record commendable growth during the forecast period due to the rising disposable income of citizens across countries, such as India and China, thereby helping them spend more on their health and fitness.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲: https://www.fortunebusinessinsights.com/treadmill-market-110438

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
Market Leaders to Focus On Strategic Partnerships and New Product Launches to Remain Dominant

Some of the key players operating in this market are focusing on executing a wide range of business growth strategies, such as partnerships and mergers & acquisitions to expand their reach and global presence. They are also launching new products to help them expand their customer base.

𝐍𝐨𝐭𝐚𝐛𝐥𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
August 2021: Peloton announced the launch of its new treadmill, the Peloton Tread, in Canada, the U.S., and the U.K. The company revealed that its new product came with a 23.8" HD touchscreen and integrated speakers.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
https://www.fortunebusinessinsights.com/u-s-home-fitness-equipment-market-106595
https://www.fortunebusinessinsights.com/fitness-tracker-market-103358

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This release was published on openPR.