by Fitness treadmills are cardiovascular exercise machines that allow users to walk or run in place. These machines help users burn calories and lose weight easily within the comfort of their homes. With growing health awareness among people regarding obesity and overall wellbeing, the demand for fitness treadmills has increased significantly.
The global Fitness Treadmills Market is estimated to be valued at US$ 3.76 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
This growing adoption of active and healthy lifestyle has accelerated the demand for convenient home exercise equipment like fitness treadmills across both developed and developing regions. Major players are launching innovative treadmill models integrated with latest technology and advanced functionalities to attract more customers. For instance, advanced treadmills now come equipped with touchscreens, integrated heart rate monitors, built-in training programs, and apps connectivity to make workouts more efficient and enjoyable. Increased demand for such technologically advanced fitness treadmills is one of the key trends fueling the market growth.
Segment Analysis
The global fitness treadmills market is dominated by the home treadmills sub-segment. Home treadmills account for over 60% of total sales in the global market, as they provide convenience of use within the comfort of homes. Home treadmills are designed for light to medium intensity workouts and come with various features like integrated media racks for smartphones and tablets, cushioned running tracks for joint protection, and built-in workout programs. Their smaller sizes also allow them to fit easily in homes.
Key Takeaways
The Global Fitness Treadmills Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 3.76 billion by 2024.
Regional analysis: North America currently dominates the global market and is expected to maintain its leading position over the next few years. High health awareness levels and busy lifestyles have boosted demand for treadmills for home workouts in the region.
Key players operating in the fitness treadmills market are Nestlé, Nutricia, Unilever, BASF SE, Abbott, Arkopharma Laboratories, GSK plc., ADM (Archer Daniels Midland Company), DuPont, Kellogg’s Company, Arla Foods amba, DSM, Quantum Naturals Ltd., Adcock Ingram, Ascendis Health Limited, iNova Pharmaceuticals, Vital Health Foods, Jamjoom Pharma, Creso Pharma, and ConnOils LLC. Urbanization and rising incomes are driving sales in Asia Pacific, making it the fastest growing regional market.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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