Treadmill Market Report 2025 (Global Edition)

Global Treadmill Market Report 2025 Market Size Split by Product type (Manual, Electronic), by Material Type (Residential, Institutional, Commercial), by Application Segment (Specialty Store, Franchi...

Treadmill Market Report Description

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Competitive Landscape of the Treadmill Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Treadmill Industry News

In January 2024, Introducing the next generation of the popular Life Fitness workhorse -- the Integrity+ Treadmill. Designed to elevate fitness facility with modern design touches that lend to an inviting aesthetic, and the immersive Discover SE4 Console.

(Source:https://www.lifefitness.com/en-us/catalog/cardio/treadmills/integrity-plus/)

In February 2024, Technogym is proud to announce the opening of its brand-new space in Manila. Located at Twenty-Five Seven Mckinley Building 25th Street, in the heart of the city, the space spread across over 160 sqm, has been designed to offer a real Wellness lifestyle experience to consumers and allow people to discover the best products, technologies, and services for physical exercise at home. The store will also have access to experienced personal trainers and interior designers for bespoke home-gym projects and personalized consultations.

(Source:https://www.technogym.com/int/newsroom/technogym-manila-opening/)

Top Companies Market Share in Treadmill Industry: (In no particular order of Rank)

• ICON Health & Fitness Inc.
• Johnson Health Tech Co Ltd.
• TECHNOGYM S.P.A.
• Life Fitness Inc.
• Nautilus Inc. (BowFlex Inc.)
• Landice Inc.
• TRUE Health Tech Ltd Co.
• TrueForm Runner
• Woodway
• NordicTrack
• Others
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Treadmill Market

Which Region will dominate the Treadmill Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. This regional dominance can be attributed to several factors, including a high level of health consciousness among consumers, a strong emphasis on fitness and wellness, and a well-established fitness culture. Additionally, the availability of advanced fitness equipment, including treadmills, in gyms, fitness centers, and retail outlets across North America contributes to the region's market leadership. Furthermore, the COVID-19 pandemic accelerated the adoption of home fitness solutions in North America, leading to increased demand for treadmills as consumers sought convenient and safe ways to exercise.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is witnessing an increase in the Commercial category. The Asia Pacific region is experiencing a notable rise in the commercial category of treadmills. This trend reflects the region's growing investment in fitness infrastructure and the expanding market for commercial fitness equipment. Several factors contribute to this phenomenon. There has been a surge in urbanization and economic development across many countries in the Asia Pacific, leading to increased disposable income and a growing middle class with a heightened awareness of health and fitness. Consequently, there is a growing demand for modern fitness facilities, including gyms, health clubs, and fitness centres, which often rely on commercial-grade treadmills to meet the needs of their clientele.

The current report Scope analyzes Treadmill Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Treadmill Market

According to Cognitive Market Research, the global Treadmill Market size was estimated at USD 3915.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1566.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. In North America, The manual treadmill segment emerged as a dominant force, holding the major market share over the forecast period. Despite the availability of motorized alternatives, manual treadmills garnered significant traction due to several factors. One key aspect contributing to their prominence is their simplicity and affordability. Manual treadmills typically feature a straightforward design without motors, making them more cost-effective compared to their motorized counterparts. This affordability appeals to consumers seeking an effective yet economical solution for cardiovascular exercise. 

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Treadmill Market with a market size of USD 1235.64 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. There is a strong emphasis on health and fitness among the population, with many individuals prioritizing regular exercise as part of a healthy lifestyle. Treadmills offer a convenient and accessible way to engage in cardiovascular exercise, making them a popular choice for home fitness enthusiasts.
• The Canada Treadmill Market had a market share of USD 187.93 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Several factors contribute to this anticipated growth. Firstly, there is a growing awareness of the importance of health and fitness among the population in Canada. As individuals become more health-conscious, there is an increasing demand for home fitness equipment, including treadmills, to facilitate regular exercise routines.
• The Mexico Treadmill Market is projected to grow at a CAGR of 4.0% during the forecast period, reaching a market size of USD 142.51 million in 2024.

 

Europe Treadmill Market

According to Cognitive Market Research, with a market value of USD 3915.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 1174.56 million. The manual treadmill segment emerged as a dominant force, holding the major market share over the forecast period. Despite the availability of motorized alternatives, manual treadmills garnered significant traction due to several factors. One key aspect contributing to their prominence is their simplicity and affordability. Manual treadmills typically feature a straightforward design without motors, making them more cost-effective compared to their motorized counterparts. This affordability appeals to consumers seeking an effective yet economical solution for cardiovascular exercise.

• The United Kingdom Treadmill Market had a market share of USD 197.33 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. This surge in demand for home fitness equipment, coupled with the convenience and versatility offered by treadmills, is expected to drive market growth in the United Kingdom.
• The French Treadmill Market is projected to grow at a CAGR of 3.0% during the forecast period, reaching a market size of USD 108.06 million in 2024.
• According to Cognitive Market Research, the German Treadmill Market was valued at USD 232.56 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. There is a growing emphasis on health and fitness among the population in Germany. As individuals become more health-conscious, there is an increasing demand for home fitness equipment, including treadmills, to facilitate regular exercise routines.
• The Italy Treadmill Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 101.01 million in 2024.
• The Russian Treadmill Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 182.06 million in 2024.
• The Spanish Treadmill Market is projected to grow at a CAGR of 2.9% during the forecast period, reaching a market size of USD 96.31 million in 2024.
• The Luxembourg Treadmill Market is projected to grow at a CAGR of 3.9% during the forecast period, reaching a market size of USD 36.41 million in 2024.
• The Portugal Treadmill Market is projected to grow at a CAGR of 3.6% during the forecast period, reaching a market size of USD 24.67 million in 2024.
• The Greece Treadmill Market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 14.09 million in 2024.
• The rest of Europe's Treadmill Market is projected to grow at a CAGR of 2.5%  during the forecast period, reaching a market size of USD 182.06  million in 2024.

 

Asia Pacific Treadmill Market

According to Cognitive Market Research, the global Treadmill Market size was estimated at USD 3915.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 900.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031. 

The Asia Pacific region is experiencing a notable rise in the commercial category of treadmills. This trend reflects the region's growing investment in fitness infrastructure and the expanding market for commercial fitness equipment. Several factors contribute to this phenomenon. There has been a surge in urbanization and economic development across many countries in the Asia Pacific, leading to increased disposable income and a growing middle class with a heightened awareness of health and fitness. Consequently, there is a growing demand for modern fitness facilities, including gyms, health clubs, and fitness centers, which often rely on commercial-grade treadmills to meet the needs of their clientele.

• According to Cognitive Market Research, the size of the China Treadmill Market was valued at USD 405.22 million in 2024 and is projected to grow at a CAGR of 6.8%  during the forecast period. China's growing middle class and increasing disposable incomes have led to a rise in health and fitness consciousness among the population. As individuals prioritize personal well-being, there is a growing demand for fitness equipment, including treadmills, to support active lifestyles.
• The Japan Treadmill Market is projected to grow at a CAGR of 5.8% during the forecast period, reaching a market size of USD 124.27 million in 2024.
• The India Treadmill Market had a market share of USD 108.06 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. There is a growing awareness of the importance of health and fitness among the population in India. As individuals become more health-conscious, there is an increasing demand for home fitness equipment, including treadmills, to facilitate regular exercise routines.
• The South Korean Treadmill Market is projected to grow at a CAGR of 6.4% during the forecast period, reaching USD 90.05 million in 2024.\
• The Australian Treadmill Market is projected to grow at a CAGR of 7.0% during the forecast period, reaching a market size of USD 46.83 million in 2024.
• The Southeast Asia Treadmill Market is projected to grow at a CAGR of 8.3% during the forecast period, reaching a market size of USD 62.13 million in 2024.
• The Rest of the Asia Pacific Treadmill Market is projected to grow at a CAGR of 7.1% during the forecast period, reaching a market size of USD 63.94 million in 2024.

 

South America Treadmill Market

According to Cognitive Market Research, the global Treadmill Market size was estimated at USD 3915.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 195.76 million in 2024 and will grow at compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. The rise in commercial category of treadmills. This trend reflects the region's growing investment in fitness infrastructure and the expanding market for commercial fitness equipment. Several factors contribute to this phenomenon. Firstly, there has been a surge in urbanization and economic development across many countries in the Asia Pacific, leading to increased disposable income and a growing middle class with a heightened awareness of health and fitness. Consequently, there is a growing demand for modern fitness facilities, including gyms, health clubs, and fitness centers, which often rely on commercial-grade treadmills to meet the needs of their clientele.

• According to Cognitive Market Research, the size of the Brazil Treadmill Market was valued at USD 83.79 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. there is a growing emphasis on health and fitness in Brazil, with an increasing number of individuals recognizing the importance of regular exercise for overall well-being.
• The Argentina Treadmill Market had a market share of USD 32.89 million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. Urbanization and lifestyle changes contribute to the growing demand for treadmills in Argentina. As urban populations increase and people lead increasingly sedentary lifestyles, there is a greater emphasis on finding convenient ways to stay active.
• The Colombia Treadmill Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 17.42 million in 2024.
• The Peru Treadmill Market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 16.05 million in 2024.
• The Chile Treadmill Market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 14.09 million in 2024.
• The Rest of the Latin American Treadmill Market is projected to grow at a CAGR of 3.8% during the forecast period, reaching a market size of USD 31.52 million in 2024.

 

Middle East and Africa Treadmill Market

According to Cognitive Market Research, the global Treadmill Market size was estimated at USD 3915.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 78.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. 

The electronic treadmill category emerges as the fastest-growing segment over the forecast period, driven by several factors contributing to its increasing popularity. One primary driver behind the growth of electronic treadmills is the proliferation of advanced technological features integrated into these machines. Modern electronic treadmills often come equipped with interactive touchscreens, built-in workout programs, virtual training options, and connectivity with fitness apps and wearable devices. These features enhance the user experience, providing engaging and personalized workouts tailored to individual fitness goals and preferences.

• According to Cognitive Market Research, the GCC Countries Treadmill Market size was valued at USD 33.51 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. This growth can be attributed to several factors, including increasing health awareness among the population, rising disposable incomes, and a growing emphasis on fitness and wellness in the region.
• The Egypt Treadmill Market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 8.22 million in 2024.
• The South Africa Treadmill Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 12.37 million in 2024. As individuals become more health-conscious, there is an increasing demand for home fitness equipment, including treadmills, to facilitate regular exercise routines.
• The Turkey Treadmill Market is projected to grow at a CAGR of 4.5% during the forecast period, reaching a market size of USD 6.73 million in 2024.
• The Nigeria Treadmill Market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 8.22 million in 2024.
• The Rest of the MEA Treadmill Market is projected to grow at a CAGR of 4.0% during the forecast period, reaching a market size of USD 9.24 million in 2024.

 

Treadmill Market Analysis

Treadmill Market Product Type Segment Analysis

According to Cognitive Market Research, Manual held the major market share over the forecast period. Despite the availability of motorized alternatives, manual treadmills garnered significant traction due to several factors. One key aspect contributing to their prominence is their simplicity and affordability. Manual treadmills typically feature a straightforward design without motors, making them more cost-effective compared to their motorized counterparts. This affordability appeals to consumers seeking an effective yet economical solution for cardiovascular exercise. Moreover, manual treadmills offer users a more active and engaging workout experience.

Electronic is the fastest-growing category over the forecast period, driven by several factors contributing to its increasing popularity. One primary driver behind the growth of electronic treadmills is the proliferation of advanced technological features integrated into these machines. Modern electronic treadmills often come equipped with interactive touchscreens, built-in workout programs, virtual training options, and connectivity with fitness apps and wearable devices. These features enhance the user experience, providing engaging and personalized workouts tailored to individual fitness goals and preferences.

• Manual
• Electronic

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Treadmill Industry. Request a Free Sample PDF!

According to Cognitive Market Research, Commercial hold a prominent market share, reflecting its pivotal role in serving a diverse range of professional fitness establishments and institutions. Commercial-grade treadmills are specifically designed to withstand the rigorous demands of high-traffic environments, making them the preferred choice for gyms, fitness centers, hotels, corporate wellness facilities, and rehabilitation centers. One of the primary reasons for the prominence of commercial treadmills is their robust construction and durability. These treadmills are engineered with heavy-duty components, including commercial-grade motors, reinforced frames, and larger running surfaces, ensuring long-lasting performance and reliability even under continuous use. This durability is essential for commercial operators seeking to minimize maintenance costs and maximize equipment uptime.

Residential is the fastest-growing category over the forecast period, reflecting shifting consumer preferences towards home fitness solutions and the increasing popularity of at-home workout routines. Several factors contribute to the rapid growth of residential treadmills, positioning them as a standout category within the treadmill market. First and foremost, the COVID-19 pandemic has accelerated the adoption of home fitness equipment, including treadmills, as individuals seek safe and convenient alternatives to traditional gym settings. With lockdowns, social distancing measures, and the closure of fitness facilities, many consumers turned to home workouts to maintain their exercise routines and overall well-being.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Treadmill Application Segment Segment Analysis

According to Cognitive Market Research, Online stores hold a prominent market share, reflecting their pervasive presence and convenience in the treadmill market. With the increasing digitization of commerce and the growing comfort of consumers with online shopping, virtual storefronts have become primary destinations for treadmill purchases. The ease of browsing through various models, comparing features, reading reviews, and making purchases from the comfort of one's home has significantly contributed to the ascendancy of online stores in the treadmill market. Additionally, online platforms often offer competitive pricing, diverse product selections, and convenient delivery options, further solidifying their position as dominant players in the industry.

Speciality stores is the fastest-growing category over the forecast period, reflecting a shift towards personalized and experiential shopping in the treadmill market. These stores offer a curated selection of fitness equipment, including a wide range of treadmill models tailored to various consumer needs and preferences. Unlike general retail outlets, specialty stores focus exclusively on fitness equipment, creating an immersive shopping experience for customers who are passionate about health and wellness. By providing expert guidance, personalized recommendations, and hands-on demonstrations, specialty stores cater to the specific requirements of fitness enthusiasts, fostering trust and loyalty among their clientele.

• Specialty Store
• Franchise Store
• Online stores
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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