Treadmill Market Size to Reach USD 5,932.0 Million by 2030 at a CAGR of 5.1% | Valuates Reports
The major factor driving the growth of treadmill market size are:
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TRENDS INFLUENCING THE GROWTH OF TREADMILL MARKET SIZE
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TREADMILL MARKET SHARE ANALYSIS
Based on type, the Electronic segment dominates the global treadmill market and is expected to retain its dominance throughout the forecast period. This is due to the advanced features provided by electronic treadmills, such as the ability to track running pace, heart rate, and distance traveled.
Based on application, the commercial treadmill market held the largest part of the global treadmill market and is predicted to grow at the quickest rate throughout the treadmill market forecast period. This is due to an increase in the number of health clubs and gyms around the world.
Based on Distribution the specialty store segment dominates the global treadmill market and is expected to retain its dominance throughout the forecast period. This is because these stores give excellent customer service, precise product specifications, and expert advice. Furthermore, buyers want to see and assess things before making a purchase, boosting treadmill retail sales through specialty boutiques.
North America dominated the treadmill market due to factors such as consumers in the region embracing a healthier lifestyle, resulting in an increase in the number of fitness freaks, which promotes treadmill demand in the region.
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TREADMILL MARKET SEGMENTATION
By Product type
By End Use
By Distribution Channel
By Region
Key Companies:
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SIMILAR REPORTS
- Fitness equipment market size was valued at USD 11.5 Billion in 2019, and is expected to reach USD 15.2 Billion by 2027, registering a CAGR of 3.5% from 2020 to 2027.
- Online/virtual fitness market size was valued at USD 6,046 Million in 2019 and is projected to reach USD 59,231 Million by 2027, growing at a CAGR of 33.1% from 2020 to 2027.
- Fitness App Market size is expected to grow from USD 3,312.58 Million in 2019 to USD 13,016.77 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 25.61%.
- United States Connected Gym Equipment Market size in 2019 amounted to USD 2.09325 Billion and is estimated to hit USD 7.18071 Billion by the end of 2026, at a CAGR of 20.17% in 2020-2026.
- Home Fitness Equipment Market is segmented by Type Cardiovascular Training Equipment, Strength Training Equipment, by Application Health Clubs/Gyms, Home Consumer, Health Users and by various regions.
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