Treadmill Market Overview:
The Global Treadmill Market is growing at a Healthy CAGR to reach USD XX Billion by the end of 2023 from USD XX Billion in 2017. A treadmill is a device generally for walking or running while staying in the same place. The belt moves to the rear, requiring the user to walk or run at a speed matching that of the belt. The rate at which the belt moves is the rate of walking or running. Thus, the speed of running may be controlled and measured. The more expensive heavy-duty versions are motor-driven. The simpler, lighter, and less expensive versions passively resist the motion, moving only when walkers push the belt with their feet. The latter are known as manual treadmills.
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Treadmill Market Drivers and Restraints:
Rise in awareness regarding health and fitness, and increase in obese population are the major factors that drive the treadmill market. Furthermore, government initiatives for promoting good health and increase in youth population fuel the demand for treadmill in the market. However, the high price of treadmill hinders the market growth. Improved lifestyle and rise in disposable income of individuals has made new opportunities for market growth. Another factor driving the growth of treadmill market is the easy availability of high quality, premium products, exhibiting exceptional ease of usage, durability and longevity of treadmill to the premium customers segment. Availability of low-cost items that are sold by companies through their authorized vendors and dealers is expected to ensure deeper market penetration across the global regions in the future. It could also be noted that treadmill help prevent wrapping and damage of the flooring on which treadmills are installed. These advantages have been largely driving the treadmill market at a global level.
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Geographical Segmentation:
The treadmill market is geographically segmented into North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina and Columbia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Key players:
Some of the major players include Core Health and Fitness, LLC, Icon Health and Fitness, Inc, Sole Fitness, Cybex International, Inc, Woodway USA, Inc., Precor Incorporated, Brunswick Corporation, PCE Fitness, Landice, and Johnson Health Tech.
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