North America Treadmill Market Size, Share & Trends Analysis Report By Product Type (Electronic, and Manual), By End Use (Commercial, Residential, and Institutional), By Distribution Channel, By Country and Growth Forecast, 2023 - 2030
The North America Treadmill Market would witness market growth of 4.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,288.9 thousand units, showcasing a growth of 3.7% (2019-2022).
A treadmill is fitness equipment used for running or walking to maintain fitness. It provides a wide conveyor belt powered by an electric or flywheel and a moving platform. The belt moves at the rate of running or walking, which also helps control speed and measure it. The growing awareness of the importance of a healthy lifestyle has been a primary catalyst for adopting these. As individuals become more conscious of the benefits of regular exercise, this emerges as a convenient and accessible option for incorporating physical activity into daily routines.
The emphasis on preventive healthcare and overall well-being has spurred many to invest in home fitness equipment, with these being a prominent choice. A significant shift in fitness trends towards home-based workouts has played a pivotal role in adopting treadmills. Busy lifestyles and the convenience of working out at home have increased demand for compact and user-friendly exercise equipment. With their versatile functionalities and space-saving designs, these perfectly align with this trend, allowing users to integrate fitness seamlessly into their daily lives.
Online stores provide Mexican consumers with convenient and accessible options for purchasing treadmills. Consumers in Mexico can choose from different brands, specifications, and price ranges, allowing for a more personalized shopping experience. Many online stores in Mexico offer exclusive deals, discounts, and promotions on these. The convenience of home delivery services is a significant advantage of online stores in Mexico. These can be delivered directly to consumers' doorsteps, eliminating the need for transportation, and making the purchasing process hassle-free in Mexico. The increasing preference for online shopping in Mexico aligns with global digital trends. Therefore, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Treadmill Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,253.5 Million by 2030. The Canada market is experiencing a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.5% during (2023 - 2030).
Based on Product Type, the market is segmented into Electronic, and Manual. Based on End Use, the market is segmented into Commercial, Residential, and Institutional. Based on Distribution Channel, the market is segmented into Specialty Store, Franchise Store, Online Store, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Icon Health & Fitness, Inc. (IHF Holding, Inc.)
- Nautilus, Inc.
- True Fitness Technology, Inc.
- Life Fitness
- Technogym S.p.A.
- Impulse (Qingdao) Health Tech Ltd. Co.
- LANDICE, Inc.
- Woodway USA, Inc.
- Johnson Health Tech Co., Ltd.
- TrueForm Runner
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
- Electronic
- Manual
- Commercial
- Residential
- Institutional
- Specialty Store
- Franchise Store
- Online Store
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Treadmill Market, by Product Type
- 1.4.2 North America Treadmill Market, by End Use
- 1.4.3 North America Treadmill Market, by Distribution Channel
- 1.4.4 North America Treadmill Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Some of the Strategy Deployed in Treadmill Market
- Chapter 5. North America Treadmill Market by Product Type
- 5.1 North America Electronic Market by Country
- 5.2 North America Manual Market by Country
- Chapter 6. North America Treadmill Market by End Use
- 6.1 North America Commercial Market by Country
- 6.2 North America Residential Market by Country
- 6.3 North America Institutional Market by Country
- Chapter 7. North America Treadmill Market by Distribution Channel
- 7.1 North America Specialty Store Market by Country
- 7.2 North America Franchise Store Market by Country
- 7.3 North America Online Store Market by Country
- 7.4 North America Others Market by Country
- Chapter 8. North America Treadmill Market by Country
- 8.1 US Treadmill Market
- 8.1.1 US Treadmill Market by Product Type
- 8.1.2 US Treadmill Market by End Use
- 8.1.3 US Treadmill Market by Distribution Channel
- 8.2 Canada Treadmill Market
- 8.2.1 Canada Treadmill Market by Product Type
- 8.2.2 Canada Treadmill Market by End Use
- 8.2.3 Canada Treadmill Market by Distribution Channel
- 8.3 Mexico Treadmill Market
- 8.3.1 Mexico Treadmill Market by Product Type
- 8.3.2 Mexico Treadmill Market by End Use
- 8.3.3 Mexico Treadmill Market by Distribution Channel
- 8.4 Rest of North America Treadmill Market
- 8.4.1 Rest of North America Treadmill Market by Product Type
- 8.4.2 Rest of North America Treadmill Market by End Use
- 8.4.3 Rest of North America Treadmill Market by Distribution Channel
- Chapter 9. Company Profiles
- 9.1 Icon Health & Fitness, Inc. (IHF Holding, Inc.)
- 9.1.1 Company Overview
- 9.1.2 SWOT Analysis
- 9.2 Nautilus, Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.5.3 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 True Fitness Technology, Inc.
- 9.3.1 Company Overview
- 9.3.2 Recent strategies and developments:
- 9.3.2.1 Acquisition and Mergers:
- 9.3.3 SWOT Analysis
- 9.4 Life Fitness
- 9.4.1 Company Overview
- 9.4.2 Recent strategies and developments:
- 9.4.2.1 Product Launches and Product Expansions:
- 9.4.3 SWOT Analysis
- 9.5 Technogym S.p.A.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 SWOT Analysis
- 9.6 Impulse (Qingdao) Health Tech Ltd. Co.
- 9.6.1 Company Overview
- 9.6.2 SWOT Analysis
- 9.7 LANDICE, Inc.
- 9.7.1 Company Overview
- 9.7.2 SWOT Analysis
- 9.8 Woodway USA, Inc.
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Partnerships, Collaborations, and Agreements:
- 9.8.3 SWOT Analysis
- 9.9 Johnson Health Tech Co., Ltd.
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Acquisition and Mergers:
- 9.9.3 SWOT Analysis
- 9.10. TrueForm Runner
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
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