by Fitness treadmills are motorized machines primarily used for walking or running while staying in the same place. They allow users to burn calories effectively in a small space within their homes. The growing health concerns among people and busy lifestyles have increased the demand for treadmills. They provide an easy and convenient way for people to engage in regular cardiovascular exercise.
The global Fitness Treadmills Market is estimated to be valued at US$ 4.34 billion in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing health consciousness: The accelerating health consciousness among people worldwide regarding risks of lifestyle diseases such as diabetes, obesity, cardiovascular issues, and others has provided a fillip to the demand for fitness equipment including treadmills. With growing awareness, people are making lifestyle changes and opting for regular exercise and workouts. This has significantly driven the sales of treadmills as they offer a convenient mode of indoor cardiovascular exercise. Manufacturers are launching innovative treadmill models with interactive screens and built-in workout programs to engage users and meet the evolving fitness needs. Additionally, the COVID-19 pandemic has further reinforced the importance of health and wellness, thereby propelling the growth of the fitness treadmills market over the forecast period.
SWOT Analysis
Strength: Global Fitness Treadmills Market Size offer a convenient way to exercise at home or in a gym setting. They allow for effective cardiovascular workouts that can help improve heart health and boost weight loss efforts.
Weakness: Treadmills take up more floor space than other home exercise machines. They can also be more expensive to purchase and maintain compared to lower-tech exercise alternatives.
Opportunity: As obesity rates rise globally, more consumers are looking for effective yet low-impact cardio workout options. The pandemic-driven shift towards home fitness also creates opportunities to sell treadmills for home use.
Threats: Online streaming services offering virtual workouts and outdoor running are alternatives that do not require purchasing exercise equipment. Economic slowdowns could reduce consumer spending on costly home gym items.
Key Takeaways
The global fitness treadmills market is expected to witness high growth. The global Fitness Treadmills Market is estimated to be valued at US$ 4.34 billion in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024-2031.
North America currently dominates the market owing to rising health consciousness among consumers. Europe and Asia Pacific also offer lucrative growth opportunities for vendors due to growing focus on preventive healthcare in countries like China, India, and Japan.
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. Major players are focusing on product innovation and market expansion strategies including mergers & acquisitions to strengthen their foothold.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
