According to the recent study the smart treadmill market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by growing number of gyms and fitness centres, increasing awareness of fitness and healthy lifestyle, and rising penetration of smart digital treadmills in various end use industries.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in smart treadmill market by product type (foldable and unfoldable), application (household, gyms, schools, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Foldable market is expected to remain the largest segment during the forecast period.”
Based on product type, the smart treadmill market is segmented into foldable and unfoldable. Lucintel forecasts that the foldable market is expected to remain the largest segment due to its self-contained unit that can be folded up and rolled away, and it comes with wheels to help the users move it around from one place to another by locking its front caster wheel or rotating out of the way if needed.
“Within the smart treadmill market, the household segment is expected to remain the largest application”
Based on application the household segment is expected to witness the highest growth over the forecast period due to people’s desire to lose weight, changing lifestyles, growing health concerns among people, and increasing shift towards an active life.
“North America will dominate the smart treadmill market in near future”
North America will remain the largest region due to the increasing number of fitness clubs, growing health concern in the United States, presence of a large number of manufacturers, and rise in adoption of smart treadmills in the region.
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Major players of smart treadmill market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Amer Sports Corporation, Nautilus, Reebok, SNODE, Johnson Health, Beistegui Hermanos, SOLE Fitness, Impulse, Life Fitness, AEON, Decathlon are among the major smart treadmill providers.
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