( MENAFN - EIN Presswire) Treadmill Size, Share By distribution channel, the specialty segment accounted for the highest market share, growing at a CAGR of 4.1% from 2020 to 2027. WILMINGTON, DELAWARE, UNITED STATES, June 7, 2024 /EINPresswire / -- The global treadmill market size was valued at $3,284.
8 million in 2020, and is projected to reach $5,932.0 million by 2030, registering a CAGR of 5.1%.
Request The Sample PDF Of This Report @ Treadmill is widely used for physical fitness equipment for weight management and improving body stamina & muscular strength. Mostly used treadmills are motorized or electronic, owing to advance features offered to users. Rise in awareness regarding health & fitness, increase in obese population, government initiatives to promote healthy lifestyle, and increase in youth population are the major factors that drive growth of the global treadmill market.
However, high price of treadmill is a key restraining factor of the market. On the contrary, surge in youth population, improved lifestyle, and rise in disposable income of individuals in developing countries are anticipated to offer immense opportunities for the market players. An alarming rise in global obesity, especially in urban areas supplements growth of the treadmill industry.
According to the WHO, there has been a startling increase in number of obese people worldwide. In past few years, around 39% of adults aged 18 years and above were overweight and 13% were obese globally. Obesity is.
