Market Overview:
The global multifunction treadmills market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for multifunction treadmills from both, household and commercial applications. Additionally, the growing awareness about fitness and health is also propelling the growth of this market. On the basis of type, the global multifunction treadmills market can be segmented into mechanical multifunction treadmills and electric multifunction treadmills. Of these, electric multifunction treadmills are expected to witness higher growth during the forecast period as they offer a number of features such as incline adjustment, speed adjustment and heart rate monitoring that are not available in mechanical treadmill models. On the basis of application,the global multitasking treadmillmarket can be segmented into household and commercial applications.
Product Definition:
Multifunction treadmills are a type of treadmill that can be used for multiple purposes. They can be used for running, walking, or even biking. This type of treadmill is important because it allows people to get a full workout without having to use multiple pieces of equipment.
Mechanical Multifunction Treadmills:
Mechanical multifunction treadmills (MMT) are designed for performing multiple functions such as cardiovascular exercise, strength training and body conditioning. The product is gaining popularity among the fitness enthusiasts owing to its ability to perform various exercises without any interruption in routine. Additionally, these treadmills also provide a convenient option for home use which is further boosting their demand across the globe.
The global mechanical multifunction treadmills market was valued at USD 1,64 billion in 2015.
Electric Multifunction Treadmills:
Electric multifunction treadmills (EMT) are designed for use in commercial and residential applications. They comprise of several components such as a deck, motor, battery, and control system which can be used individually or in combination with other components to form a complete treadmills. The basic structure of an EMT consists of two large wheels connected by a chain drive mechanism that is suspended above the floor on either side by means of springs or hydraulic systems.
Application Insights:
The commercial segment dominated the global market in 2017. The growth of this segment can be attributed to increasing adoption of multifunction treadmills at health clubs, hotels and hospitals. These machines have a number of advantages including cost-effectiveness and ease of use. They also offer a wide range of workout options that include walking, jogging, running and cycling which is likely to propel their demand over the forecast period.
Household application is expected to witness significant growth over the forecast period owing to rising consumer preference for home gym equipment that offers easy access to various fitness levels as well as types of workouts such as cardiovascular training, strength training and toning without requiring any previous experience or expertise in using these machines.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing health consciousness, rising disposable income, and growing popularity of outdoor fitness activities such as jogging and walking. Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing product penetration, improving lifestyle diseases due to high consumption of unhealthy food products, and rising awareness about cardiovascular fitness among people in developing countries including China & India.
The multifunction treadmills market in Europe has been experiencing a steady growth since 2010s on account of an increase in demand for technologically advanced home healthcare equipment by elderly people who prefer not stay at home but still need some assistance with daily tasks like taking medicines or preparing meals for themselves or their families thus preferring multifunctional treadmills that can do all these tasks efficiently saving time.
Growth Factors:
- Increasing demand for multifunction treadmills owing to their various health benefits
- Rising awareness about the importance of fitness and healthy lifestyle
- Technological advancements in multifunction treadmills that offer enhanced features
- Growing popularity of home-based fitness regimes
- Availability of affordable multifunction treadmills
Scope Of The Report
Report Attributes
Report Details
Report Title
Multifunction Treadmills Market Research Report
By Type
Mechanical Multifunction Treadmills, Electric Multifunction Treadmills
By Application
Household, Commercial
By Companies
Nautilus, Lifefitness, BH, Technogym, Cybex, Precor, Star Trac, Bodyguard, ICON
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Multifunction Treadmills Market Report Segments:
The global Multifunction Treadmills market is segmented on the basis of:
Types
Mechanical Multifunction Treadmills, Electric Multifunction Treadmills
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nautilus
- Lifefitness
- BH
- Technogym
- Cybex
- Precor
- Star Trac
- Bodyguard
- ICON
Highlights of The Multifunction Treadmills Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Multifunction Treadmills
- Electric Multifunction Treadmills
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multifunction Treadmills Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A multifunction treadmill is a type of treadmill that has more than one function. Some common functions are running, walking, and incline training.
Some of the major companies in the multifunction treadmills market are Nautilus, Lifefitness, BH, Technogym, Cybex, Precor, Star Trac, Bodyguard, ICON.
The multifunction treadmills market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multifunction Treadmills Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Multifunction Treadmills Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multifunction Treadmills Market - Supply Chain
4.5. Global Multifunction Treadmills Market Forecast
4.5.1. Multifunction Treadmills Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multifunction Treadmills Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multifunction Treadmills Market Absolute $ Opportunity
5. Global Multifunction Treadmills Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Multifunction Treadmills Market Size and Volume Forecast by Type
5.3.1. Mechanical Multifunction Treadmills
5.3.2. Electric Multifunction Treadmills
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multifunction Treadmills Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Multifunction Treadmills Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multifunction Treadmills Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Multifunction Treadmills Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Multifunction Treadmills Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Multifunction Treadmills Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Multifunction Treadmills Demand Share Forecast, 2019-2026
9. North America Multifunction Treadmills Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Multifunction Treadmills Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Multifunction Treadmills Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multifunction Treadmills Market Size and Volume Forecast by Type
9.7.1. Mechanical Multifunction Treadmills
9.7.2. Electric Multifunction Treadmills
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Multifunction Treadmills Demand Share Forecast, 2019-2026
10. Latin America Multifunction Treadmills Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Multifunction Treadmills Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Multifunction Treadmills Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multifunction Treadmills Market Size and Volume Forecast by Type
10.7.1. Mechanical Multifunction Treadmills
10.7.2. Electric Multifunction Treadmills
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Multifunction Treadmills Demand Share Forecast, 2019-2026
11. Europe Multifunction Treadmills Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Multifunction Treadmills Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Multifunction Treadmills Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multifunction Treadmills Market Size and Volume Forecast by Type
11.7.1. Mechanical Multifunction Treadmills
11.7.2. Electric Multifunction Treadmills
11.8. Basis Point Share (BPS) Analsis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Multifunction Treadmills Demand Share, 2019-2026
12. Asia Pacific Multifunction Treadmills Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Multifunction Treadmills Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Multifunction Treadmills Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multifunction Treadmills Market Size and Volume Forecast by Type
12.7.1. Mechanical Multifunction Treadmills
12.7.2. Electric Multifunction Treadmills
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Multifunction Treadmills Demand Share, 2019-2026
13. Middle East & Africa Multifunction Treadmills Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Multifunction Treadmills Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Multifunction Treadmills Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multifunction Treadmills Market Size and Volume Forecast by Type
13.7.1. Mechanical Multifunction Treadmills
13.7.2. Electric Multifunction Treadmills
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Multifunction Treadmills Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multifunction Treadmills Market: Market Share Analysis
14.2. Multifunction Treadmills Distributors and Customers
14.3. Multifunction Treadmills Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nautilus
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lifefitness
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BH
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Technogym
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cybex
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Precor
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Star Trac
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bodyguard
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ICON
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
