Market Insight-USA Treadmill Market Overview 2022
USA Treadmill market was valued at USD 1348.37 million in 2022 and is expected to reach USD 1941.35 million by the end of 2029, growing at a CAGR of 4.40% between 2022 and 2029. – Bossonresearch.com
A treadmill is a fitness machine designed for walking, jogging, or running in a controlled indoor environment. It consists of a moving belt that allows users to simulate the motion of walking or running while remaining stationary. Treadmills typically feature a flat, cushion ed deck with a motor that drives the belt. Users can adjust the speed of the belt to match their desired walking or running pace. Many treadmills also offer incline settings, allowing users to simulate uphill or downhill conditions.
Treadmills have seen major technological advancements in recent years. Manufacturers are integrating advanced features such as touchscreens, internet connectivity, virtual reality (VR) simulations and interactive training programs. These technologies provide users with an immersive and engaging workout experience, personalized training options, and access to fitness apps and platforms. The data-driven nature of treadmill workouts is further enhanced by the integration of wearable technology and compatibility with fitness trackers.
On the other hand, the fitness crowd pays more attention to the pain points of personalized exercise, efficient programs, and timely feedback on fitness effects. With the promotion and application of digital technology, smart fitness equipment has emerged as the times require. It can be equipped with various sensors such as light-sensitive, sound-sensitive, and pressure-sensitive to track and capture user sports performance information, analyze, process and store it, and obtain more professional and personalized fitness equipment. Feedback to users with personalized exercise programs, such as recognition of exercise posture and real-time error correction, feedback on stride frequency adjustment, etc., to help users achieve exercise goals efficiently and create a high-quality fitness experience.
The USA Treadmill market was valued at USD 1348.37 million in 2022 and is expected to reach USD 1941.35 million by the end of 2029, growing at a CAGR of 4.40% between 2023 and 2029. The major driving factor for the US Treadmill Market is the health awareness of the people and the need for an active, healthy lifestyle. Rising obesity rates in the U.S. have also been a driving force behind treadmill development. Obesity is a major health concern associated with various health risks, including heart disease, diabetes, and joint problems. Treadmills provide a convenient and easy-to-use form of cardiovascular exercise. Regular aerobic exercise, such as a treadmill workout regimen, can improve blood circulation in the body and help lower blood pressure by strengthening the heart. Aerobic exercise also helps prevent vascular disease and heart disease by lowering LDL (bad cholesterol) and raising HDL (good cholesterol) levels.
Figure Global Treadmill Market Size
Source: Bossonresearch.com, 2022
At the same time, the number of health-conscious teens is on the rise, and teens are actively seeking ways to stay healthy. Treadmills provide a controlled and safe environment for young people to perform cardiovascular exercise without weather conditions or other restrictions. The demands of health-conscious teens have driven manufacturers to develop treadmills with features and programs specifically designed to cater to this demographic.
Furthermore, several factors such as government programs encouraging healthy lifestyles, advantages of treadmills over outdoor running, growing fitness culture, rise of online retail platforms, and positive impact of COVID-19 on the treadmill industry are also driving the The rapid development of the treadmill market. At the same time, factors such as competition from alternative fitness equipment, relatively high prices, long-term consumer interest, and market penetration that may become saturated have hindered the expansion of the treadmill market.
Segment by Price, the Treadmill can be split into $1-$299, $300-$500, $500-$749, $750-$999, $1000-$1499, $1500-$1999, $2000 or more. more popular. In 2022, $1000-$1499, $1500-$1999, $2000 or more will account for 24.59%, 24.48%, 36.24% of the market respectively. Treadmills in this price range feature excellent build quality, advanced features, and enhanced Performance is more acceptable to consumers. During the forecast period, we speculate that the market size of high-priced treadmills will continue to expand at a higher growth rate, while the market share of treadmills priced below $500 will continue to shrink.
According to the classification, the Treadmill can be split into Manual and Automatic/Hybrid. Among them, the Automatic/Hybrid category occupies an absolute dominant position. In 2022, the market share of the Automatic/Hybrid category has reached 97.75%, and the corresponding Manual market share is 2.25%. During the forecast period, the market size of Manual will continue to shrink at a CAGR of -6.11%, and the market share of the Automatic/Hybrid category will continue to expand at a CAGR of 4.56%. Treadmills in the Automatic/Hybrid category offer a variety of features, including control over speed and measurements, Wi-Fi and Bluetooth connectivity, IoT technology, and touchscreen displays. Everyone loves this equipment because treadmills are specifically designed for running and walking.
From an application perspective, the Treadmill can be split into Residential and Commercial categories. All along, the Residential sector has contributed the most revenue to the treadmill market. Home fitness has become a notable trend over the years, driven by factors such as convenience, time constraints, and the desire for privacy. The COVID-19 pandemic has further accelerated this trend, forcing many people to adapt to exercising at home due to gym closures and social distancing measures. Hence, there is a surge in demand for home treadmills, making it prominent in the treadmill market. In 2022, the market share of the Residential sector has reached 74.83%.
Global Treadmill Market: Competitive Landscape
According to our calculations, in 2022, the CR5 and HHI of the market will be 85.85% and 20.71% respectively, which means that the USA treadmill market has already shown a moderate degree of concentration. Key players in the market include Peloton Interactive, Inc, iFIT Health & Fitness Inc, Life Fitness, Nautilus, Technogym, Dyaco, True Fitness, Johnson Health Tech, UREVO, Landice, Shuhua Sports, BH Fitness.
Key players in the Treadmill Market include:
Peloton Interactive, Inc
iFIT Health & Fitness Inc
Life Fitness
Nautilus
Johnson Health Tech
Dyaco
Technogym
True Fitness
UREVO
Landice
Shuhua Sports
BH Fitness
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