Global Treadmill Market By Type (Manual Treadmills and Motorised Treadmills), By Application (Home Use and Commercial Use), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2029

Market.us announces publication of its most recently generated research report titled, “Global Treadmill market by Product Type (Manual Treadmill, Motorized Treadmill, Hybrid Treadmill, Bluetooth Enabled), By Application (Residential, Gyms, Other Commercial, Other End-Uses), and by Region – Global Forecast to 2028.”, which offers a holistic view of the global Treadmill market through systematic segmentation that covers every aspect of the target market.

The Global Treadmill Market is projected to be US$ 4,466.6 Mn in 2019 to reach US$ 7,379.0 Mn by 2029 at a CAGR of 5.2%.

Treadmills are stationary cardio machines that are used for exercises such as running, jogging, walking, and climbing. Treadmills have an adjustable speed, and also it can incline or decline, which allows an individual to do climbing exercise instead of going to a real hill. Apart from these exercises, several other exercises such as walking lunges, side shuffles, low (squat) side shuffle, walking planks, crab walk, and incline pushups, which are usually done on the floor can be performed on a treadmill. Earlier, the treadmills were used to harness the power of humans or animals to do work; it was a type of mill that was operated by an individual or animal treading steps of a treadwheel (treadmill) to grind grains. Also, in the early times, treadmills were used in prisons as punishment devices for people who were sentenced to hard labor.

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Technology Advancement - Many of the technologically advanced treadmills allow creating a unique course profile, which can simulate the exact training course. Some treadmills have a digital monitor, which has a built-in workout program. These types of treadmills help to vary the speed and also adjust the incline/decline throughout the workout to make the session more challenging. These digital monitors can also display essential stats like time, speed, distance, & heart rate.

Global Treadmill Market Revenue (US$ Mn), 2019–2029 

However, high product cost and maintenance cost is a crucial factor expected to hamper the growth of the treadmill market. In addition, some treadmills occupy a lot of space and are not foldable. This is another factor that may limit the growth of the target market to a certain extent. Nonetheless, increasing health and exercise awareness among individuals in developed and emerging countries and growing demand for user-specific treadmills offer lucrative opportunities for treadmill manufacturers.

Global Treadmill market is segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into manual treadmill, motorized treadmill, hybrid treadmill, Bluetooth enabled. The manual treadmill segment accounts for the majority share and is expected to register highest growth over the forecast period. Based on Application, the market is segmented into residential, gyms, other commercial, other end-uses. The gyms segment accounts for a majority share in the global Treadmill market.

Global Treadmill Market Attractiveness Analysis by Product Type, 2013–2019

On the basis of region, the market is segmented into North America, Europe, APAC, South America, and MEA. North America holds the majority of share in the global Treadmill Market. North America is followed by Europe. Further, the APAC is expected to register highest growth rate. Regions such as MEA and South America are expected to register stable growth over the forecast period.

The research report on the global Treadmill market includes profiles of some of major companies such as ANTA Sports Products Limited, ICON Health & Fitness, Inc., Johnson Health Tech Co. Ltd., Technogym S.p.A., Life Fitness, Core Health & Fitness, LLC, Land America Health and Fitness Co., Ltd., Peloton Interactive, Inc. Enraf-Nonius B.V., TRUE Fitness Technology, Inc., etc.

Key Market Segments:

Type

• Manual Treadmill
• Motorized Treadmill
• Hybrid Treadmill
• Bluetooth Enabled

Application

• Residential
• Gyms
• Other Commercial
• Other End-Uses

Key Market Players included in the report:

• ANTA Sports Products Limited
• ICON Health & Fitness Inc.
• Johnson Health Tech Co. Ltd.
• Technogym S.p.A.
• Life Fitness
• Core Health & Fitness LLC
• Land America Health and Fitness Co.Ltd.
• Peloton Interactive Inc. Enraf-Nonius B.V.
• TRUE Fitness Technology Inc.

For the Treadmill Market research study, the following years have been considered to estimate the market size: