Fitness Treadmills Market Propelled by Increased Health Awareness |...

Fitness Treadmills Market Propelled by Increased Health Awareness

Posted 2024-01-05 10:39:14

Fitness treadmills are machines used for walking or running while staying in the same place. They are widely used in homes and gyms for cardiovascular exercise and weight management. With growing health concerns and obese population, adoption of treadmills has increased as they provide low-impact workout and are convenient to use at home and while watching TV.

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:
The growing popularity of home fitness: Growing health awareness has led to an increasing demand for home fitness equipment including treadmills. With busy lifestyles, home treadmills allow people to workout as per their schedule without visiting gyms. This has accelerated the sales of advanced folding treadmills suitable for small homes. Technological advancements in connected features have further boosted their appeal for home usage.

SWOT Analysis
Strength: Fitness treadmills offer a convenient way to exercise at home. They allow users to walk or run indoors regardless of weather conditions.

Weakness: Treadmills take up significant floor space. They require regular maintenance and can break down over time.

Opportunity: The increasing health awareness among people is driving the demand for home fitness equipment like treadmills. The easy availability of treadmills online also expands the potential market.

Threats: Rising raw material costs may increase the price of treadmills. The COVID-19 pandemic led to gym closures but also increased competition from other home exercise equipment.

Key Takeaways
The Global Fitness Treadmills Market Size is expected to witness high growth. The market size for 2024 is projected to reach US$ 3.76 billion, growing at a CAGR of 7.2% during the forecast period of 2023 to 2030.

Regional analysis: North America currently dominates the global market, owing to high health consciousness and growing obesity concerns in countries like the United States and Canada. Asia Pacific is expected to be the fastest growing regional market over the next few years due to increasing disposable incomes in India and China.

Key players: Key players operating in the fitness treadmills market are NestlÃ©, 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.

For More details on the topic:

https://www.rapidwebwire.com/fitness-treadmills-market-trends-size-and-share-analysis-2/

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