The fitness treadmills market comprises machines used for exercise and training to improve cardiovascular health and burn calories. Treadmills are convenient and affordable exercise machines that enable walking or running without the need to go outside. Newer models are equipped with large touchscreens for entertainment and tracking health metrics like heart rate, calories burned, speed, distance, and time. They also offer customization options for workouts.
The global fitness treadmills market is estimated to be valued at US$ 4.34 Mn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased Demand for Smart and Connected Treadmills
The demand for smart and connected treadmills that are integrated with technology and offer app-based monitoring and personalized training programs is increasing substantially. They allow users to stream entertainment content and sync workout data with fitness apps for detailed analysis. Many models support wireless heart rate monitoring and sync with smartwatches to provide real-time updates on phones. The ability to control settings and track performance via companion mobile apps remotely is boosting the sales of technologically advanced treadmills. As modern consumers demand convenience and personalized home fitness experiences, this trend is expected to continue over the forecast period.
Segment Analysis
The Global Fitness Treadmills Market Size is dominated by the home/residential segment. Due to busy lifestyles and lack of time, many people prefer to exercise at home. Home treadmills are more affordable and compact compared to commercial treadmills. Thus, the adoption of home treadmills has increased substantially over the years. Additionally, the growing trend of connected/smart treadmills integrated with apps and Bluetooth technology has further boosted the demand for home treadmills.
Key Takeaways
The global fitness treadmills market is expected to witness high growth over the forecast period of 2024 to 2031. The global fitness treadmills market is estimated to be valued at US$ 4.34 Mn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 to 2031.
Regional analysis:
North America currently dominates the global market and is expected to maintain its leading position during the forecast period. High health awareness among people and growing obesity rates have increased the demand for fitness equipment including treadmills in the region. Additionally, the presence of major players and advanced technologies have further propelled the North American market.
Key players:
Key players operating in the fitness treadmills market are Nutricia, Unilever, Bionova, 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.
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