According to a new report, published by KBV research, The Global Treadmill Market size is expected to reach $5.6 billion by 2030, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 7,927.7 thousand units, experiencing a growth of 4.4% (2019-2022).
The Manual segment would exhibit a CAGR of 6% during (2023 - 2030). Manual treadmills are generally more affordable than their motorized counterparts. This makes them attractive for individuals on a budget or those just starting their fitness journey and wanting a cost-effective solution for home workouts. Manual treadmills do not require electricity since they rely on the user's motion to move the belt. This feature makes them an eco-friendly option and eliminates the need for a power source, making them suitable for locations with limited access to electricity.
The Commercial segment is generating highest revenue in the Global Treadmill Market by End Use in 2022; thereby, achieving a market value of $2.5 billion by 2030. The growing awareness of the importance of a healthy lifestyle and physical fitness has driven demand for fitness equipment, including treadmills. Technology integration into treadmills, such as touchscreens, interactive workouts, and connectivity features, has made them more appealing to consumers. In the commercial segment, gyms and fitness centers often invest in advanced equipment to attract customers. The proliferation of independent fitness clubs and gyms affiliated with larger chains has increased demand for commercial-grade treadmills.
The Franchise Store segment is experiencing a CAGR of 5.1% during (2023 - 2030). Franchise stores have introduced smart treadmill features, such as Bluetooth connectivity, heart rate monitoring, and integration with wearable devices. These features enable users to track their performance, set fitness goals, and monitor their health metrics, adding a data-driven element to their workouts. Franchise stores often offer live-streaming workouts led by certified fitness instructors. This function provides a sense of community and motivation, enabling users to participate in real-time classes.
Full Report: https://www.kbvresearch.com/treadmill-market/
The North America region dominated the Global Treadmill Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.7 billion by 2030. The Europe region is anticipated to grow at a CAGR of 4.7% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 5.6% during (2023 - 2030).
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End Use (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
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