GLOBAL TREADMILL MARKET
Treadmills are the most common equipment to get good health, but traditional treadmills have limited functions and low intelligence. More recently, treadmills are not used to harness power, but as exercise machines for running or walking in one place.
Rather than the user powering the mill, the machine provides a moving platform with a wide conveyor belt driven by an electric motor or a flywheel. The belt moves to the rear, requiring the user to walk or run at a speed matching that of the belt.
In the past few years, the motorized treadmill has been widely adopted as an indoor exercise apparatus and is especially popular among exercisers.
The design of the motorized treadmill is based on ergonomics, and regarding the physiological and psychological characteristics of people as an important principle, so as to promote user health and fitness.
TREADMILL MARKET DYNAMICS
The fitness Industry has been of major importance around the planet, wherein the focus is being diverted to have a better fitness levels within the individuals. This has grown in the recent past, due to the increasing presence of environmental challenging conditions and other parameters of inheriting the immunity to further generations.
The age group of 20-30 are more health conscious which drives the demand of fitness equipment in the market. This segment of the population drives most of the gym membership sign ups worldwide. Post the age of 40, are a segment of the population who are working out to fight some health issue and those who have been advised to do so by their doctors.
Governments of developed countries have conceptualized and established several healthcare programs. For instance, fitness allowance for employees is expected to increase in future. Therefore, it is predicted that employees may invest a significant portion of their income on procuring basic household presence-based fitness equipment of treadmills or cyclers, thereby driving an increase in sales.
The recent pandemic has increased the consciousness being adhered towards maintaining a proper health condition to have a boosted immunity level. Just as COVID-19 changed the way health care is provided, it has also upended the way consumers approach physical activity. Although gyms and workout classes provide a sense of community, support, and personalized instruction, they are also crowded areas with lots of surface area that can transmit infections, and simply wiping sweat off with a towel is not enough.
TREADMILL MARKET SEGMENTATION
The Treadmill Market can be segmented into following categories for further analysis.
Treadmill Market By Input Powering Mechanism
- Manual Treadmill
- Motorised Treadmill
- Hybrid operational Treadmill
- Bluetooth Enabled Treadmill
Treadmill Market By Application Type
- Residential usage
- Commercial Usage
- Healthcare Usage
- Gymnasium and Fitness Usage
- Other particular industry usages
Treadmill Market By Regional Classification
- Asia Pacific Region – APAC
- Middle East and Gulf Region
- Africa Region
- North America Region
- Europe Region
- Latin America and Caribbean Region
GLOBAL TREADMILL MARKET RECENT ACQUISITION
Cybex International Inc., based in Medway, Massachusetts, has been purchased by Brunswick Corp., the parent company of Life Fitness, Lake Forest, Illinois, for $195 million, according to Brunswick. The Life Fitness Division of Brunswick will now include Cybex in its portfolio of brands.
There could be a working capital adjustment made to the acquisition price. A broad variety of cardiovascular and strength goods are available from Cybex, mostly catering to the commercial fitness sector. Along with treadmills, exercise cycles, and the cross-trainer Cybex Arc Trainer, it offers cardio equipment.
The strength equipment category from Cybex consists of selectorized, plate-loaded, functional, and free weight machines. Owner of Cybex was UM Holdings. No information was provided in the Brunswick release regarding whether Cybex management would stay on board the business.
Brunswick intends to provide more details regarding the acquisition. More information will be posted at that time by Club Industry. Along with Kiskoros, Hungary, Tulsa, Oklahoma, Bristol, and Delavan, Wisconsin, Life Fitness also has factories there.
Life Fitness started construction on a 48,500-square-foot plant expansion in Ramsey, Minnesota. The $4 million building project will increase the factory’s overall square footage to 330,000 feet. By altering the floor plan, the March completion date addition is anticipated to boost production efficiency.
RECENT TREADMILL MARKET TECHNOLOGICAL TRENDS
Treadmills have been recently integrated with newest technologies to improvise the user experience and better automation towards increasing health levels and fitness levels of the user. This has been of major focus in the recent pandemic, considering the requirements of having safe and disinfected surfaces of usage on treadmills in a commercial or healthcare settings of installations.
Various technological integrations were done so as to provision better levels of optimization in user interface and usability statistics within the treadmills. These include the following
- The system hardware structure was analysed and designed effectively within the treadmill in recent years, combined with the application of embedded technology and serial communication technology, realizing the optimization of setting and motion parameters of the treadmill science
- The integration of embedded technology in the treadmill control system can make the control system more stable, the operation more concise and clearer, and the additional multimedia functions will also meet the needs of consumers.
- The motorised treadmill concept has been another regenerative idea in terms of its ergonomically useful aspects of importance. Therefore, the design of motorized treadmills based on ergonomics had gained importance in terms of better capacitance provision to fitness professionals.
A new modification was implemented in recent years to have the integration of user ease of access which is referred to as the Treadmill Bike or Treadmill Cycle. Treadmill bike is designed for those persons who are used to having a dynamic run outside in the environmental setting.
Treadmill fitted on bicycle frames and constructs named as Treadmill Cycle has an electronic part and runs entirely on human momentum. As the rider walks on the treadmill, the belt butts up against the rear wheel propelling the bike forward.
The improvised electronics integration seen as part of technological improvements in the Treadmill includes :
- Provisioning of audio feedback of exercise performance highlights a greater trend of providing users with detailed information about their bodies and how exercise aids in increasing fitness and overall health.
- Advances in electronics have allowed measures such as weight, body fat percentage, and heart rate to be monitored and displayed in real time via remote sensors integrated within the exercise machine which can be seen on various technological integrations within the latest treadmill designs as part of increased consciousness towards scientific value of health requirements.
These technological trends were first and fast seen within the home based treadmills manufactured for personal usage wherein the requirements were well established as seen in the Sole and Horizon manufactured treadmills.
The usage of automated tracking was first seen within these household usage treadmill machines which had a third-party app such as Peloton, Daily Burn or Aaptiv on the 7.4 AT. Apart from the automation, there were mechanical improvements seen such as the inclusion of 5 CHP motors which can keep pace with interval training alongside possible pre-integrated training programs. These also included the bluetooth connectivity and NFC based technology to track upon the Body fitness levels at frequent intervals during the treadmill operations.
TREADMILL MARKET COMPETITIVE LANDSCAPE
The competition amongst the Industrial manufacturers of physical fitness equipment is completely based upon integrated research and development with various labs and technological universities. These are part of the reportable research and sponsorships wherein the Research and Development perspective is important to have new levels of technological advancements in terms of Health and Diagnostic requirements.
The most advanced technology being integrated within the treadmill operations was done by the Treadmill manufacturing giant Nautilus which owns both the Bowflex and Schwinn subsidiaries. The energy induction system is powered by Electric energy that has a rubberised protection button design. For increased sudden and emergency protection, the side rails are rubberized, so they’re easy to grip and that they have built-in buttons to adjust the speed and incline of the running deck with an easy to access LCD Display.
The machine also has a weight capacity of 350 pounds and a wireless heart rate monitor that straps to your chest to track your heart rate. It also has an integration capability with Mobile based platforms and Pacer / Rating requirements. The Pacer feature is used to compare your current workout session details, such as number of calories burned, to past runs or walks.
The most recent development in terms of physical integrations to the treadmill technology was done by NordicTrack under the model number of T 7.5S. The Integration of motorized incline treadmills have built-in 7-inch touch screens that can use iFit, the company’s on-demand workout streaming service. iFit has both treadmill workout machines and regular workout requirements of more than 16,000 guided workouts.
TREADMILL MARKET COMPANIES PROFILED
- ICON Health and Fitness
- Life Fitness
- Johnson Health Tech
- Shuhua Sports
- True Fitness
- Shanxi Orient
- Cardio World
- Lite Gait
THIS TREADMILL MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- Treadmill Market size and Forecast, by region, by application
- Average B-2-B price for Treadmill Market, by region, per user
- Technology trends and related opportunity for new Treadmill Market tech suppliers
- Treadmill Market share of leading vendors, by region,
- Coronavirus impact on Video conferencing market earnings