Global Treadmills Industry Market Is Low Concentration
Tuesday, 27 Nov, 2018
In the coming years there is an increasing demand for Treadmills in the regions of North America and Europe that is expected to drive the market for more advanced Treadmills. Increasing of commercial fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on general industry, retrofitting and renovation of old technology, increasing adoption of Treadmills in developing countries will drive growth in global market.
Globally, the Treadmills industry market is low concentrated as the manufacturing technology of Treadmills is relatively matures than some high-tech equipment. And some enterprises, like ICON Health &Fitness, BH, Life Fitness, etc. are well-known for the wonderful performance of their Treadmills and related services. At the same time, North America, occupied 35% sales market share in 2017, is remarkable in the global Treadmills industry.
The consumption volume of Treadmills is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Treadmills industry may not keep that fast. But it is surely forecasted that the market of Treadmills is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as Home prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Treadmills market to approach these areas. GIR analysis of the Treadmills market indicated that North America would account for the highest sales in 2023 with close to 34 percent of global sales coming from this region, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of Treadmills is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Treadmills and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.