Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 571.63 Million | USD 785.87 Million | 3.60% | 2023 |
The global unpowered treadmill market size was worth around USD 571.63 million in 2023 and is predicted to grow to around USD 785.87 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.60% between 2024 and 2032.
An unpowered treadmill also known as a manual treadmill is defined as one that possesses an operating belt that isn't driven by an electric motor. Rather, the belt moves as a result of the force applied by your feet. In actuality, manual treadmills have existed for hundreds of years since they were once employed to power devices like maize mills and water pumps. Fortunately, modern manual treadmills are exercise machines that are better than ever due to recent improvements. A significant advancement in manual treadmills is the use of a curved belt rather than a straight one. In addition to reducing joint stress and increasing calories burned, curved treadmill belts help users maintain better form. The market growth of unpowered treadmills is driven by several factors including growing fitness trends, favorable properties, technological advancements, rising product launches, growing commercial & institutional demand, and many others.
Numerous advantages of unpowered treadmills drive market growth
The numerous advantages of unpowered treadmills are expected to drive the global unpowered treadmill market growth during the forecast period. Putting a manual treadmill next to an outlet is not a concern because it runs entirely without electricity. This is one of the most significant advantages of using one. Additionally, since treadmills and other electric exercise equipment can consume large quantities of electricity, they can save money on their electric bill. Furthermore, the majority of individuals are aware of at least one person who has fallen while using an electric treadmill, as small slips can turn into larger falls if the belt continues to move mechanically. Those who are used to electric treadmills may find that using a manual treadmill takes some getting used to, but they reduce the risk of falling and getting pulled along the electric belt. Furthermore, the reasonable cost of the unpowered treadmill as compared to its counterparts also favors market expansion.
Fewer features and price differences hinder market growth
The other features that electric treadmills provide, such as the capacity to change the incline, tempo, and automatically vary the speed during pre-made programs, are frequently absent from manual treadmills. Even though manual treadmills are frequently less costly than their electric counterparts, the price difference might not be as noticeable when comparing more expensive models. With time, the cost of electric treadmills has decreased and they are now more competitively priced than manual treadmills. Because they are more robust than flat-belt models, curved treadmills can withstand longer runs with greater ease. Therefore, over time, the initial cost difference is often mitigated. Even without any electrical requirements and with no upkeep, the cost of a manual curved belt treadmill may end up being the same. Thus, hampering the unpowered treadmill industry growth over the projected period.
Health and fitness awareness offers a lucrative opportunity for market growth
The need for home exercise equipment, such as unpowered treadmills, is being driven by growing awareness of the value of physical fitness and the advantages of regular exercise. This growth is ascribed as a result of the rise in obesity and related lifestyle disorders.
According to the report published by the World Health Organization:
Thus, the aforementioned stats drive the unpowered treadmill industry growth during the projected period.
Competition to its counterparts poses a major challenge to market expansion
Advanced features like preset programs, multimedia integration, and variable inclines are common on motorized treadmills, which attracts tech-savvy consumers. Additionally, customers have a lot of options that may look more feature-rich for their price range because a wide selection of motorized treadmills are available at different price ranges. Thus, posing a major challenge to the growth of the unpowered treadmill market.
The global unpowered treadmill industry is segmented based on type, application, and region.
Based on the type, the global unpowered treadmill market is bifurcated into slat belt unpowered treadmills, traditional unpowered treadmills, slat belt curved treadmills, and hybrid treadmills. The traditional unpowered treadmills segment is expected to dominate the market over the forecast period. The primary characteristic of traditional unpowered treadmills is their dependence on human intervention. Users must jog, run, or walk to power the movement of the belt, unlike motorized treadmills, which employ a motor to drive the belt. They are also distinguished by their straightforward operation and design. Usually, they have a smooth-running surface, a strong frame, and supportive handlebars. Its simplicity adds to its robustness and usability. Moreover, conventional treadmills without motors are less expensive than those with motors. Because of their reduced price, a broader range of users—including those on a tight budget or who choose simplicity over sophisticated features—can utilize them. Thereby, driving the segment expansion.
Based on the application, the global unpowered treadmill industry is bifurcated into gym, family, and school. The gym segment is expected to capture a significant market share over the projected period. Unpowered treadmills are becoming a common addition to fitness centers' and gyms' equipment lineups, giving patrons more alternatives for how they can work out. Both the sophisticated curved belt and the conventional flat-belt unpowered treadmills are well-liked options for gyms, serving a range of fitness needs and tastes.
Report Attributes | Report Details |
---|---|
Report Name | Unpowered Treadmill Market |
Market Size in 2023 | USD 571.63 Million |
Market Forecast in 2032 | USD 785.87 Million |
Growth Rate | CAGR of 3.60% |
Number of Pages | 210 |
Key Companies Covered | NordicTrack, Tezewa, Wakagym, YIJIAN, Assault Fitness, NOHrD, Water Rower, TrueForm Runner, Woodway, Peloton, Technogym, Sunny Health & Fitness, Stamina Products, and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is expected to dominate the market during the forecast period
The Asia Pacific is expected to capture the largest unpowered treadmill market share over the forecast period owing to rapid urbanization. According to the United Nations, one defining megatrend in the Asia-Pacific area is still urbanization. Over 2.2 billion people, or 54% of the world's metropolitan population, reside in Asia. Asia's urban population is predicted to increase by 50% by 2050, adding 1.2 billion new residents. Moreover, countries in the Asia Pacific area are seeing a spike in demand for exercise equipment, especially unpowered treadmills, as people become more conscious of the value of health and fitness. This trend is being driven by the expanding middle-class population with discretionary money and government measures encouraging healthier lifestyles. This is expected to drive the market growth in the region.
The global unpowered treadmill market is dominated by players like:
By Type
By Application
FrequentlyAsked Questions
An unpowered treadmill also known as a manual treadmill is defined as one that possesses an operating belt that isn't driven by an electric motor. Rather, the belt moves as a result of the force applied by your feet. A significant advancement in manual treadmills is the use of a curved belt rather than a straight one. In addition to reducing joint stress and increasing calories burned, curved treadmill belts help users maintain better form.
The market growth of unpowered treadmills is driven by several factors including growing fitness trends, favorable properties, technological advancements, rising product launches, growing commercial & institutional demand, and many others.
According to the report, the global unpowered treadmill market size was worth around USD 571.63 million in 2023 and is predicted to grow to around USD 785.87 million by 2032.
The global unpowered treadmill market is expected to grow at a CAGR of 3.60% during the forecast period.
The global unpowered treadmill market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing urbanization.
The global unpowered treadmill market is dominated by players like NordicTrack, Tezewa, Wakagym, YIJIAN, Assault Fitness, NOHrD, Water Rower, TrueForm Runner, Woodway, Peloton, Technogym, Sunny Health & Fitness and Stamina Products among others.
The unpowered treadmill market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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