Treadmills market is segmented by Type (Manual, Motorized and Hybrids), Application (Residential and Commercial) and Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa, Rest of World)
Treadmills Market size was estimated at $3.7 Million in 2019 and is expected to reach $4.8 Million by 2027, growing at a CAGR of 3.8% during the forecast period of 2020 to 2027.
Treadmills Market Growth Factors
The increased popularity of electric gym equipment and rising interest in fitness and a healthy lifestyle is expected to drive the growth in the market. In addition, sue to the sedentary work culture and lifestyle in the urban areas, there are increased cases of cardiovascular cases among the younger population, which has resulted in a further rise in adoption of cardio exercises, which projects positive growth in the demand of treadmills in near future. The growing culture of Fitness club and wellness centre has been a significant factor in the demand for treadmills all over the world, they own the largest market share of 82%.
Treadmills are relatively easy to piece of exercise equipment to use, but some negative markers like the cost are on the higher side for a middle-class person to invest in also emerging activities like aerobics and Zumba are low investment cardio workouts, lack of expertise to operate the complex features is also one of the reasons contributing to restricted growth in the market. Hence, there is an opportunity for the key players to make their product more cost-effective for its better reach amongst the target customers.
The market is possessing a fast-paced growth, but, as discussed above the largest market share, is still held by fitness clubs which are commercial end-users, the residential or individual end-users market is still untapped and has huge potential to accelerate the growth. Top global players like ICON, BH Group, Life Fitness, Johnson, Sole, Star Trac etc have the opportunity to analyze the competitive developments such as new product launches, agreements, acquisitions in the market for better reach and for better prospects in the market.
Treadmills Market Segmentation
Treadmills Market Country Analysis
The global treadmills market was worth $2.62 billion in 2018 and is projected to expand at an annual growth rate of 5.2% in the forecast period. Valued at $1.4 billion, the U.S. and Canada account for the biggest share of the treadmills market. This growth is driven by the rising number of obese individuals who want to turn their lives around coupled with the rising number of fitness clubs and memberships. Asia-Pacific regions are projected to register the fastest annual growth rate over the coming years. Factors that are likely to fuel the growth of this market in the Asia Pacific include increasing awareness about fitness and improving standards of living. Major players in this market include Core Health & Fitness, LLC, Sole Fitness, and Johnson Health Tech.
Treadmills Market Share and Competition
Key companies operating in this industry are: Core Health & Fitness, LLC, Icon Health & Fitness, Inc., Sole Fitness, Cybex International, Inc., Woodway USA, Inc., Precor Incorporated, Brunswick Corporation, PCE Fitness, Landice, and Johnson Health Tech.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
Application Analysis (Revenue, USD Million, 2020 - 2027)
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Treadmills Market Companies
• Core Health & Fitness
• Icon Health & Fitness, Inc.
• Sole Fitness
• Cybex International, Inc.
• Woodway USA, Inc.
• Precor Incorporated
• Brunswick Corporation
• PCE Fitness
• Johnson Health Tech
United States Treadmills Industry Research Report
Europe Treadmills Industry Research Report
Asia Pacific Treadmills Industry Research Report
Treadmills are a great approach to gain a good shape of the body along with muscle strength, increase in stamina, loss of excess fat and a key assistance in growth program. The benefits of Treadmill are endless and the increase in the number of buyers in the market have also been the same. Growing attention towards fitness, a better body shape, obesity, laziness or a skinny frame has surged many people to opt for treadmills as their ideal form of exercise. The Growing brand names, all top-class and well established in the market have opened up more options to the customers at the other end, which in turn have driven more of them to the market. The governments active participation in encouraging people in fitness programs and a better lifestyle have been another key factor. More and more number of gyms and fitness stations have also levelled up the demands. Also, treadmill enables people to run or walk by remaining at the same spot with customized speed and incline, and health facts state that running is the only form of exercise which focuses on the muscles of the entire body and works on all equally. Other forms of exercise focus on specific areas and muscles of the body and this perk of treadmills have gained a huge lot of customers. However, with more customizability, the prices of the market have all surged up. The extravagant prices cant be afforded by all lots of the population and this has led to a dip in the growth of the target market. Incorporation of more options but at a moderate and feasible price can help in driving more demands in the market.
Equinox has announced on 7 August 2019 that it will start producing and selling its own Peleton-like Bikes and Treadmills. The products will be available on online stores at Equinox.com. The company says that these new products are not meant to replace or upgrade any gyms or studios, but they are specifically produced to grow ‘bleed into an at-home experience’ in the community.
Xiaomi, a global leader in producing quality products, has announced that its Mi-Treadmill has recently received Bluetooth Certification in April 2020. KatVR, an emerging group of companies on the Virtual Reality platform, has recently announced its launch of an At-home VR Treadmill ‘KAT WALK C’ on 7 June 2020. The company says that its new product offers ‘Natural Walking Posture Support’ which will be a notable achievement for the tech company. The company made a huge profit from this product within days of their launch.
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